What happened to AZLO?
In a heartfelt email, Azlo recently announced that its parent company, BBVB, is ending operations for its two online banks, Azlo and Simple. Azlo was a fee-free bank geared toward small businesses, while Simple offered similar fee-free banking services to consumers.
Is AZLO bank legit?
Yes, Azlo is a real bank that offers business checking accounts. It offers its accounts through a partnership with BBVA.
Why is AZLO closing down?
Azlo, an online bank for small businesses, is closing down. The news comes after its parent bank, BBVA USA, also made the decision to shut down Simple Bank. BBVA announced in November it would sell its U.S. business to PNC Financial Services Group.
When did AZLO shut down?
Azlo, a small business bank with fee-free checking account options, is closing its doors in early 2021.