Zil is a one-stop online banking solution that provides all the banking needs of freelancers, startups, and corporations. It allows free instant money transfer between Zil accounts as well as free international wire and ACH transfers.
Zil also offers other free services such as free eChecks, check drafts and checks by mail, and 100 check papers with the first $1,000 deposit into your account.
Custom expense cards are available for businesses to help manage employee expenses.
Furthermore, Zil can help you open multiple bank accounts so you can organize your finances under one platform. Each account you open can be used for different purposes or aspects of your business.
Zil’s mobile apps are available for both Android and iOS users. They allow users to access all the functions and services for all their banking needs.
Zil is not a bank. Zil Banking service technology is provided by Evolve Bank & Trust.
The company was established in 2021 by Sabeer Nelliparamba (Linkedin).
We could not find any irregularities around Zil, but what catches our eye is the fact that they appear to the public as a bank, but they do not have such a license and they offer their banking products through white label licenses.
Therefore we rate the company on our “Orange Compliance” list.