Owners Bank will offer business interest checking and savings accounts equipped with digital tools to help small businesses manage their finances, set up savings goals and send and accept digital payments.
Users will have access to a personalised dashboard that can consolidate all their bank accounts (including those from other financial institutions) into one platform. The new digital bank will also start offering business loans and credit from mid-2023.
“Big banks often fall short when it comes to servicing small businesses. So, in an age when small businesses represent a large and impactful portion of our business landscape, workforce and economy, we thought it was about time there was a bank that caters specifically to their needs,” says David Mitchell, founder and CEO of Owners Bank.
