Overview
Bancoli, at a glance.
Bancoli is a stablecoin account platform headquartered in the United States, regulated by FinCEN. The business account has no monthly fee. Opening an account takes 3–5 days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
Bancoli does not hold your money as a bank or e-money institution. Incoming US dollar payments are converted 1:1 into dollar stablecoins held in a self-custodial wallet that you control (wallet technology by Coinbase). Bancoli's terms state that these funds are not bank deposits, not FDIC-insured and not guaranteed by any government agency; banking and settlement legs are handled by OliBank International Inc, an affiliated US-chartered bank, and a licensed US money transmitter issues the program stablecoin.
Why businesses pick Bancoli
- Named US account and routing numbers in the business's name, for companies outside the US too
- Receive ACH and RTP payments from US payers and stablecoins from anywhere
- Payouts in 40+ currencies, 26 of them with no FX fee within the monthly allowance
- Free plan; paid plans are waived with a balance
- Most accounts approved within 10 minutes
Watch out for
- The balance is stablecoins in your own wallet, not a bank or e-money account, and is not FDIC-insured
- Incoming ACH and RTP cost $1 to $2 each depending on the plan
- FX above the monthly allowance costs 0.5%, and 16 currencies cost 1%
- US businesses only in 13 states; some countries can apply only as business owners
- Trustpilot score of 2.2 from 9 reviews
Business fit
Will Bancoli accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Bancoli's published rules
Needs review
Bancoli works with Import and export, but does not publish the countries it accepts companies from.
Bancoli does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Bancoli publishes about the businesses it takes on.
Who Bancoli serves
- Import and export
- IT and software
- Freelancers
- E-commerce
Not supported
Industries and countries Bancoli does not accept, from its own published lists.
Industries
- Adult content
- Gambling
- Cryptocurrency exchange (unless explicitly approved under an enhanced due-diligence agreement for financial-institution clients)
- Weapons
- Illegal drugs
- Shell bank or shell entity operations
- Ponzi schemes
- Pyramid schemes
- Multi-level marketing with recruitment-based compensation
- Counterfeit goods
- Any activity prohibited by US federal law or the laws of your local jurisdiction
Countries
- Not published
Coverage
Where can you use Bancoli?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
USD (as stablecoins)
Balances are held as USDC, USDT or Bancoli USDi and shown in dollars; payouts in 42 currencies.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Companies, LLCs, Sole proprietors, Freelancers
Pricing
What does Bancoli cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
$0–199
depends on plan
Free
Lowest cost$0 per month
$0 setup · $0 in year one
Plus
$29 per month
$0 setup · $348 in year one
Premium
$199 per month
$0 setup · $2,388 in year one
Enterprise
Custom
Waived with a $1,000,000 balance
Transaction fees
| Cost | Free | Plus | Premium | Enterprise | How it is charged |
|---|---|---|---|---|---|
| Incoming | |||||
| ACH / local USD | $2 | $2 | $1 | Not published | Fixed fee · ACH and RTP into your named USD account details |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.5% | Percentage of the amount · Above the monthly allowance ($850 Free, $8,500 Plus, $85,000 Premium); within it 0% for 26 payout currencies and 1% for 16 |
Crypto
| Cost | Listed amount | How it is charged |
|---|---|---|
| On-ramp (fiat to crypto) | Not published | |
| Off-ramp (crypto to fiat) | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is a Bancoli account a bank account?
No. Bancoli gives your business US account details, but the money you receive is converted 1:1 into dollar stablecoins held in your own self-custodial wallet. Bancoli's terms say these funds are not bank deposits and are not FDIC-insured.
Who is behind Bancoli?
Oli Technologies LLC, registered in the US as a federal money services business. Banking and settlement are handled by OliBank International Inc, an affiliated US-chartered bank, and a licensed US money transmitter issues the stablecoin.
Can a company outside the US open one?
Yes. Bancoli onboards eligible businesses in most countries; some countries can apply only as business owners, and US businesses are limited to 13 states.
How much does Bancoli cost?
The Free plan has no monthly fee; Plus costs $29 and Premium $199 a month unless you keep a $20,000 or $250,000 balance. Incoming ACH and RTP cost $1 to $2, and FX is free in 26 currencies within a monthly allowance.
Alternatives
How Bancoli compares.
If Bancoli is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 BancoliThis pageStablecoin account platform |  | Non-residentsPayouts |
 MercuryFintech company | | US business accountNon-residents accepted |
 PayoneerE-money institution |   | Marketplace payoutsMass payments |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
| BVNKE-money institution |  | StablecoinsEnterprise |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.