BankProv Crypto Business Checking Account Review


Flexibility

9/10

Security

9/10

Fees

8/10

Customer service

9/10



Best for:

 

  • Small businesses
  • Crypto-friendly business owners
  • Mixed cryptocurrency and USD banking
  • Quality customer service

Editor's Note - You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.

I am a small business owner and I have been looking for ways to get exposure to cryptocurrency while still being able to use traditional banking services.

It’s not as easy as it seems, but luckily there is BankProv. They offer crypto-friendly business banking solutions that allow you to both bank with USD and bitcoin or ether deposits in the same account.

I first heard about the BankProv Crypto Business Checking Account when a friend of mine told me he had opened one. He said that the service was great and made it easy for him to manage his crypto-heavy business accounts.

In this article, I will provide an overview of the BankProv Crypto Business Checking Account, including what it is, how it works, its features, and my final thoughts.

What is the BankProv Crypto Business Checking Account?

BankProv is a company that offers crypto-friendly business banking solutions for business owners who want exposure to cryptocurrency. They have a full suite of cash management services, as well as crypto-backed lending options. 

The BankProv Crypto Business Checking Account claims to make life better because it offers a crypto-friendly business banking solution. By being able to bank with both USD and bitcoin or ether deposits, you can easily manage your accounts and have greater flexibility when it comes to transferring money. The company also has a full suite of cash management services, as well as crypto-backed lending options.

How does the BankProv Crypto Business Checking Account work?

The BankProv Crypto Business Checking Account works like any other business checking account, except that you have the option to bank with USD and bitcoin or ether deposits.

To open an account, you will need to provide your personal information, as well as your business information. Once your account is opened, you will be able to deposit money into your account and start using the services.

Pricing for the BankProv Crypto Business Checking Account

The BankProv Crypto Business Checking Account is free to open and there are no monthly fees. However, you do have to pay a wire fee to transfer money. The company also offers a wide range of services, which can be a bit overwhelming for first-time users. That said, the account manager will help you choose the right product or service for your needs. Overall, the account seems affordable and easy to use.

Get started with BankProv here.

BankProv Crypto Business Checking Account features

Below are some of the features of the BankProv Crypto Business Checking Account:

Crypto-friendly business banking solutions

The BankProv Crypto Business Checking Account claims to make life better because it offers a crypto-friendly bank solution. By being able to bank with both USD and bitcoin or ether deposits, you can easily manage your accounts and have greater flexibility when it comes to transferring money. The company also has a full suite of cash management services, as well as crypto-backed lending options.

100% fully-insured USD deposits

One of the key benefits of this account is that it is 100% fully insured for USD deposits. This means that your money is safe and secure, no matter what happens in the cryptocurrency market.

Full API banking suite

The BankProv Crypto Business Checking Account offers a full API banking suite, which means that you have full access to all of the bank’s features and services. This is a great option for businesses that want to take advantage of blockchain technology and its many benefits. With a full API banking suite, you can easily manage your account, transfer money, and more.

Range of payment solutions (ProvXchange send network, same-day ACH, and wires)

The BankProv Crypto Business Checking Account offers a range of payment solutions, including ProvXchange send network, same-day ACH, and wires. This means that you have a variety of options when it comes to transferring money. You can choose the method that is most convenient for you and your business. This makes it easy to manage your accounts and get the most out of your bank’s services.

Crypto-backed lending options (Ether and Bitcoin backed solutions)

The BankProv Crypto Business Checking Account offers crypto-backed lending options, such as Ether and Bitcoin-backed solutions. This means that you can use your cryptocurrency holdings as collateral for a loan. This is a great option for businesses that want to get the most out of their bank’s services and take advantage of blockchain technology. With crypto-backed lending, you can easily borrow money and use it for business purposes.

Specialty market expertise

The BankProv Crypto Business Checking Account comes with specialty market expertise, which means that you have access to the bank’s team of experts. These experts can help you choose the right products and services for your needs, as well as give you advice on how to use blockchain technology to grow your business. With the bank’s team of experts, you can easily get the most out of your bank’s services and grow your business.

Personalized account onboarding – find the right product and solution for your business needs

The BankProv Crypto Business Checking Account comes with highly-personalized onboarding, too. The account manager will help you choose the right product or service for your business needs. This is a wonderful method for firms to get the most out of their banks’ services while also expanding their business. With personalized account onboarding, you can easily get the most out of your bank’s services and grow your business.

Full suite of cash management services

The BankProv Crypto Business Checking Account offers a full suite of cash management services, including a full API banking suite, crypto-backed lending options, and specialty market expertise. This means that you have a variety of options when it comes to managing your money and taking advantage of blockchain technology. With a full suite of cash management services, you can easily manage your accounts, transfer money, and more.

My experience researching the BankProv Crypto Business Checking Account

I was impressed to learn that BankProv’s Crypto Business Checking Account is FDIC insured. This means that your money is protected, no matter what happens in the cryptocurrency market. The bank is also a member of the Deposit Insurance Fund (DIF), which protects your money even if BankProv goes out of business. With FDIC and DIF insurance, you can rest assured that your money is safe and secure.

I was happy to hear that BankProv has modern programming that allows them to move quickly and be flexible in order to give their clients the best possible experience. This means that you can rely on the bank to provide you with the latest products and services, as well as the flexibility to adapt to your needs. With this modern programming, BankProv can easily provide you with the products and services that you need to grow your business.

This means that you can use your cryptocurrency holdings as collateral for a loan. This is perfect for businesses who want to take advantage of blockchain technology and get the most out of their bank’s services. With crypto-backed lending, you can easily borrow money and use it for business purposes.

The bank also offers specialty market expertise, which means that you have access to bank experts who will help guide you in making decisions about how best to utilize bank products and services, as well as give advice on how to grow your business using blockchain technology. With this specialization expertise, BankProv makes it easy for firms to manage their accounts while expanding their business at the same time.

Who is the BankProv Crypto Business Checking Account best for?

The BankProv Crypto Business Checking Account is perfect for businesses who want to take advantage of blockchain technology and need a bank that can provide them with the products and services they need. The bank offers a full suite of cash management services, as well as personalized account onboarding and market expertise. With these features, the bank makes it easy for businesses to get the most out of their bank’s services and grow their business. If you’re looking for a bank that can provide you with the products and services you need to grow your business, the BankProv Crypto Business Checking Account is a perfect choice.

Who shouldn’t use the BankProv Crypto Business Checking Account?

The BankProv Crypto Business Checking Account is not for everyone. If you don’t need the special features that the bank offers, you may be better off with a different bank. Also, if you’re not interested in using blockchain technology, the bank’s products and services may not be right for you.

Pros & cons

Pros

  • 100% FDIC insured — Your money is safe, no matter what happens in the cryptocurrency market.
  • Member of the Deposit Insurance Fund (DIF) — Your money is protected even if BankProv goes out of business.
  • Modern programming for quick and flexible service — You can rely on the bank to provide you with the latest products and services.
  • Crypto-backed lending — You can use your cryptocurrency holdings as collateral for a loan.
  • Specialty market expertise — Bank experts will help guide you in making decisions about how best to utilize bank products and services.

Cons

  • Not for everyone — If you don't need the special features or if you're not interested in blockchain technology, the bank's products and services may not be right for you.
  • Wire transfer fees — The bank charges a fee for wire transfers, which may be a downside for some people.

Summary

Overall, the BankProv Crypto Business Checking account may be worth looking into if you’re a business owner who wants to take advantage of blockchain technology. The bank offers a full suite of cash management services, as well as personalized account onboarding and market expertise.

With these features, the bank makes it easy for businesses to get the most out of their bank’s services and grow their business. The bank is also FDIC insured and a member of the Deposit Insurance Fund, which means that your money is safe and protected.

However, the bank does have some drawbacks, such as wire transfer fees and the fact that it’s not for everyone. If you’re interested in using blockchain technology and need a bank that can provide you with the products and services you need to grow your business, the BankProv Crypto Business Checking account may be worth considering.

Sign up for a BankProv crypto business checking account today to get the products and services you need to grow your business. With 100% FDIC insurance and market expertise, BankProv makes it easy for businesses to take advantage of blockchain technology and expand their business.

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About the author

Chris Muller picture
Total Articles: 203
Chris has an MBA with a focus in advanced investments and has been writing about all things personal finance since 2015. He’s also built and run a digital marketing agency, focusing on content marketing, copywriting, and SEO, since 2016. You can connect with Chris on Twitter.