Smart Money Moves: Why SMEs Are Leaving Banks Behind for Leaner Digital Solutions
The Shift from Big Banks to Smart Platforms
Small businesses are tired of waiting in line. Traditional financial institutions often drown business owners in paperwork, long processing times, and service gaps that cost more than just money. Enter Vellis, a digital-first financial services provider built specifically for SMEs. With its business digital banking platform, Vellis is proving that financial control doesn't need a teller window or a bank lobby.
Built by entrepreneurs who’ve faced the same struggles, Vellis speaks the language of small businesses. It blends modern tech with human service, offering real-time access to multi-currency accounts, FX trading, and local or international payments—all managed from a secure digital dashboard.
Smarter Accounts Without the Bank Drama
There’s no need for brick-and-mortar visits. Vellis lets users open a business account in just a few clicks. Applicants submit their business data online and receive an account number once approved. There’s no required minimum balance. No hoops to jump through. Just a fully digital setup with the power to process payments, approve transactions, and track transfers.
The company isn’t a bank, and it doesn’t pretend to be. Vellis operates as a licensed Money Services Business and is not FDIC insured—but it holds funds in segregated accounts with Tier 1 banking partners, providing clients with full faith that their money stays protected.
More Control, Less Confusion
Features like ACH debit, stop payments, and positive pay give businesses extra layers of control. Every transaction is traceable. Every approval is logged. Users receive alerts on their mobile device and monitor activity remotely. Forgot your password? Reset it securely through the portal. Need help? Customer support is available to guide you through account actions, fraud checks, or delayed payments.
For companies managing teams and departments, assigning unique user IDs and setting access levels is simple. That means employees may access only the functions they need—nothing more.
Payments That Work Like You Do
Whether paying bills, suppliers, or staff, Vellis offers flexible and affordable payment routes. Business owners may pay bills, transfer between currencies, or automate recurring transactions with a few clicks. Templates and bulk upload options keep office admin lean.
Want to pay locally? Vellis processes payments in over 60 currencies. Need to send funds across borders? SEPA and SWIFT options give global reach. Credit card payouts, ACH, and debit card settlements are all available. Each action is backed by high-level encryption and detailed reports, giving companies full visibility over their financial operations.
On-the-Go Management, Built-In Security
Busy founders aren’t glued to a desk. With Vellis, they don’t have to be. Through mobile access, account holders may monitor balances, approve trades, and even deposit checks from wherever they are. Whether it’s a phone or tablet, the platform adapts to suit the device.
Security isn’t just a feature—it’s the foundation. Vellis combines two-factor authentication, real-time tracking, and data encryption to keep transactions, data, and user access airtight.
Built to Scale with Your Business
From bootstrapped startups to growing teams, Vellis helps manage money in a way that feels natural. Whether you're running e-commerce, consulting, or manufacturing, the system fits your workflow. It’s also a game-changer for businesses with overseas clients or staff. Currency exchange, detailed ledgers, and foreign payments are handled with minimal friction.
With the convenience of digital onboarding and no long contracts or surprise charges, Vellis positions itself as a practical choice for businesses that value time, agility, and direct control.
The Takeaway
Vellis gives businesses the tools they need to move faster and smarter without the usual banking headaches. The platform simplifies business digital banking by offering payment control, multi-currency support, and secure access in one place. From small teams to global companies, Vellis helps take the stress out of money management.
Frequently Asked Questions
Is my money safe with Vellis?
Yes, client funds are held in segregated accounts with top-tier banking partners and protected with advanced security measures.
Can I control who accesses the account?
Yes, every user is assigned a unique user ID, and access levels may be customised based on roles.
Is Vellis a member FDIC?
No, Vellis is not FDIC insured but uses Tier 1 financial institutions to safeguard client funds.
What happens if I forget my password?
You may reset your password securely through the online platform at any time.
Does Vellis offer bill pay features?
Yes, Vellis allows businesses to pay bills locally and internationally through various payment methods.
Is Vellis affiliated with Washington Trust?
No, Vellis operates independently and is not affiliated with Washington Trust.
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