In this episode, Scott and Nikole discuss the emergence and benefits of neobanks for small business owners. They cover the advantages of using these 100% online platforms, the differences between neobanks and traditional banks, and the potential risks involved.

Whether you're frustrated with traditional banks or looking to better manage your extra cash, this episode is packed with valuable insights on leveraging neobanks for your business.

Chapters:

0:00 Introduction 

00:59 Episode Overview 

02:24 Benefits of Neobanks 

05:18 Using Neobanks for Business 

05:50 Popular Neobank Options

10:49 Risks and Considerations 

15:45 Conclusion

📣 Shout Outs:

Relay, Brex, Chime, Novo, North One, and Mercury

⬇️Videos Referenced⬇️

Episode 20 - What if you have TOO MUCH Cash? 6 Ways to Use Excess Cash

[https://youtu.be/-YugsUx96Tc]

🔗 Connect With Us On Linkedin! 🔗

Nikole Mackenzie

📎 https://www.linkedin.com/in/nikolemackenzie/

Momentum Accounting

📎 https://momentumaccounting.com/

Scotty OKR Scarano

📎 https://www.linkedin.com/in/scottscarano/

Padgett NC

📎 https://www.padgettnc.com

Accounting High

📎 https://www.linkedin.com/company/accounting-high/
📎 https://www.accountinghigh.com/