The best online bank of 2020 is now even better.

Radius is now

The best online bank of 2020 is now even better. Radius has joined America’s largest personal loan company to offer our members access to fair credit, competitive rates, and the financial tools to help you get out of debt and make the most of your money.

Business Banking

Tailored Checking FAQs

Frequently Asked Questions

How can I open a business bank account?

You can apply online for a business bank account. Simply select the “Apply Online” button located at the top of every page on our website and select “Business,” “Apply,” and “Open a new small business account.” Then choose an account type, enter your personal information, verify your information and fund your account. You will receive confirmation at the end of the application if your account has been approved. If not, you will receive an email notification.

How many accounts can I open?

You can open multiple accounts with us. Once you have your first account opened and have enrolled in online banking, you’ll see an option to open an account.

What do I need to open a Tailored Checking account?

To open an account you need to be a US resident or US resident alien.

Please have the following information available about your business:

  • Company’s legal name or DBA
  • EIN or tax ID
  • Address of your company’s headquarters
  • Mailing address

You’ll also need the following information about each person who owns 25% or more of your company:

  • Percentage of ownership
  • Personal email address
  • Mobile phone number
  • Address
  • Date of birth
  • Social security number

You will need to fund the account with a minimum of $100.

How long does it take to open a Tailored Checking account?

You can apply for and open a Tailored Checking account entirely online in about 7 minutes, start to finish.

Do you do a credit check when I apply?

Yes, we do a soft pull of your credit. Soft pulls do not affect your credit score. Please note, if you have placed a credit or security freeze on your credit report your application may need to be manually reviewed. If the application needs to be manually reviewed it can take up to 5 business days.

Do I need to order a debit card separately?

Debit cards are automatically ordered at account opening and shipped to your mailing address.

When will I receive my debit card?

Debit cards should arrive within 7-10 business days.

Are there any fees with my Tailored Checking account?

If you keep a balance of $5,000 or more there is no monthly maintenance fee for this account. If your account has less than $5,000 you will be charged a $10 monthly maintenance fee.

What is the minimum balance I need to keep in my Tailored Checking account?

There is no monthly minimum balance you must keep in the account. To not be charged a monthly maintenance fee your account must have a balance of $5,000 or more as to be not be charged a fee.

How do I withdraw from the account if this is an online account?

You can withdraw funds from the account in two ways.

The first way is at any ATM worldwide, use your Radius debit card to withdraw funds at the ATM. We will never charge you a fee to use an ATM and if another financial institution does at the point of withdrawal we will rebate you the fee at the end of the month the withdrawal was made. Find a fee-free ATM.

The second way is to make an external transfer to another financial institution for no fee. You can add an external account by selecting “Manage External Accounts” from the Transfer page within Online Banking or the Radius Mobile app.

Do you offer checks?

Your first start pack of checks (25 checks) is free. You can select to order checks during the application process or contact customer service after the account is opened.

How do I earn interest?

To earn interest on your Tailored Checking account, you must keep a balance of $5,000 or more within the account. The more money you have in your account, the more interest you will earn. At the end of each month the interest payment will be deposited into your account.

Can I apply as a non-profit?

Yes. you can apply! Select non-profit as the type of business in the online application process to enter in the information needed to apply.

Do you integrate with QuickBooks and other intuit products?

Yes, you can connect your account to QuickBooks, Quick, and Mint. For more information visit our Connect to Intuit.

Do you offer the ability to accept payments from my customer in my account?

Yes, we integrate with Autobooks. Learn more about accepting payments.

Tailored Cash Back Program

How do I earn cash back with my Tailored Checking account?

You must have a Tailored Checking account open for at least 30 days and keep an average balance of $5,000 or more in your account. Cash back is only available for online and in-store signature-based (“credit”) purchases made with a Radius debit card linked to a Tailored Checking account.

Tip: When shopping in store select “credit” instead of “debit” at the point-of-sale where available to ensure you receive the cash back. The cash back you earn will automatically be credited to your account at the end of the month following the earning period.

What is a signature-based purchase?

There are two ways a debit card can be processed at the time of a purchase.

The first option is called the “debit/online/PIN debit” method, where you enter your PIN at the point of sale and the funds are immediately debited from your account.

The second option is called the “credit/offline/signature debit” method, where you select the “credit” button, sending the transaction through the credit card processing network. A hold is placed on the money for the transaction in your account, which clears or processes in a day or two. You have to use this debit function if you want to receive cash back during your transaction. It is important to note that when you are using your debit card for online purchases, your card will automatically run as a credit transaction. For information, click here.

Can I earn cash back on purchases made online?

Yes, when you use your Radius debit card for an online purchase your card will automatically run as a credit transaction, making the purchase eligible for cash back should your account meet the qualifications.

Digital banking, made human.

At Radius, we put our customers at the center of everything we do. That’s why we focus on providing products and services that are not only convenient but help to make life easier.

Security

We use 256-bit encryption to ensure that data is protected with the highest level of security.

FDIC Insurance

Your deposits are FDIC-insured up to the highest possible amount allowed – $250,000.6

Customer Support

Have a question? We’re here to help. Chat with us online, or reach us by phone or email.