Amaiz is a business banking service and accounting app aimed primarily at sole traders, contractors, and entrepreneurs. There are no branches, you can manage your account on desktop and on the app, and get support through the app from real people 24/7. Amaiz launched in the UK in June 2019, and offers a range of simple banking and accounting solutions in one place.
Amaiz Business Banking Services
Current Accounts
Your Amaiz business current account is managed entirely through the app or desktop site, where you’ll see all your transactions, receipts, and payments in one place. Whenever cash leaves or enters your account, you’ll get an app notification.
You’ll be able to see how your cash flow changes and develops, as well as categorise your expenses and subscriptions. If you already use an accounting tool, you can sync it with Amaiz, so there’s no manual data wrangling.
An Amaiz business account costs £9.99 a month, which includes unlimited everything. There’s a free one month trial.
Savings account
Not available.
Overdrafts
Not available.
Business finance and loans
Not available.
Amaiz Reviews and Ratings
Trustpilot reviews are pretty positive – 73% rate it 5/5. Reviewers think the account is easy to set up and manage, and the support and accountancy advice is genuinely useful. Currently there are no negative comments, just a couple of people who’ve had some functionality problems.
There are no live reviews on Smart Money People or Reviews.co.uk. Amaiz isn’t included in the Which? list of ‘Best & Worst Banks’.
Amaiz wants to make it possible for small business owners and solo entrepreneurs to manage without an accountant. “If you have a question, our accounting experts can pick it up in the app and send you a personal response.”
Amaiz’s Mastercard debit cards are provided by allpay.cards, a card provider specialising in UK challenger banks.
Trustpilot – 4.2/5 (based on 15 reviews)
Reviews.co.uk – no reviews
Smart Money People – no reviews
Which? – not included
Pros
- Transparent charges. The monthly fee includes everything.
- Includes bookkeeping and accounting features.
- Very good reviews.
Cons
- Still a very new service, which could put traditionalists off.
- Fewer features than other business current accounts (e.g. foreign transfers)
Website: Amaiz Business Banking