Try Tide as an alternative to Coconut
- Free business Mastercard
- No foreign transaction fees
- In-app support
- Invoice directly from your Tide app
Coconut Bank is a fresh face in the financial technology market, hoping to make money management easier. Coconut is all about providing a useful and innovative tool for tracking business finances.
Coconut aims to make your business finances easier and through doing so “free you up to do more of the work you love”. It does this by relieving you of some of the stress that comes with your tax returns and expenses – estimating the tax you’ll owe, documenting paid or unpaid invoices and tracking expenses.
Alongside these features Coconut works as a business current account, giving you control over the money you earn through your trade.
Apart from the card you are sent in the post after you register, Coconut Bank works through an app on your phone.
Rather than relying on bells and whistles, Coconut delivers an app which works to make things as simple as possible for the user. Displaying your earnings front-and-centre, Coconut encourages you to explore the app from there.
Along with the introductory screen Coconut Bank provides a number of features including:
Coconut Bank offers a free or pay-monthly account:
Security is high on Coconut’s priority list, and Coconut works hard to make itself as safe as possible. Your account is kept behind a two-step authentication process and your password is encrypted using industry standard encryption.
Coconut Bank regularly scans for threats and backs up data to make sure it’s always safe.
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