ZIL Bank
“Can a zero-fee SMB payment operations platform capture enough of the small business financial workflow—payments, credit, and banking—to become the default financial OS for SMBs?”
ZIL Bank (operated by Zil Money Corporation) is a fintech platform, not a chartered bank, that provides SMBs with a comprehensive payment operations suite including ACH, wire transfers, check printing, and credit card payments with zero fees on eligible transactions. The company leverages a multi-sponsor-bank model (Texas National Bank, Lincoln Savings Bank, Sunrise Banks, East West Bank, First Citizens Bank & Trust) to provide FDIC coverage without holding a bank charter itself. It has expanded beyond payments into credit facilities, revolving credit, digital wallets, and virtual cards, positioning itself as a full financial OS for small businesses.