Modern banking and payments for startups
Simplify your banking, optimize your treasury, and save up to 2% on payment processing fees.
Welcome, Sarah
Accounts
Banking services provided by partner financial institutions. Parallel is a financial technology company, not a bank.
Everything you need to manage your startup's finances
Banking built for modern startups
Run your day-to-day finances with fast setup, clear controls, and real-time visibility.
- Business checking accounts with fast onboarding
- Corporate cards with spend limits and approvals
- Real-time transaction tracking and balances
- Built-in expense management and receipt capture
Cards
Expenses
Move money smarter
Accept payments, pay vendors, and send payouts using the most efficient rail for the job.
- Parallel Hosted Checkout for accepting payments
- Save up to 2% on payment processing fees
- Pay vendors and contractors globally
- Invoicing and accounts receivable built in
Treasury that works for you
Put idle cash to work while maintaining control, liquidity, and visibility into runway.
- Earn interest on idle cash
- Real-time dashboard with cash flow analytics
- Manage balances across accounts side by side
- Automated transfers and sweep rules
Accounts
Auto Rules
Payments is where we shine
With Parallel Hosted Checkout, businesses can save up to 2% on payment processing fees compared to traditional payment processors.
Lower transaction fees
Pay just 1% vs 2.9% + $0.30 with traditional processors
Multiple payment rails
Accept cards, ACH, and USDC from your customers
Secure & compliant
PCI-compliant hosted checkout you can trust
"That's the power of Parallel"
Fee Calculator
This estimates processing fees on payments you accept from customers.
≈ 1,000 transactions/month
Monthly breakdown
Based on standard card processing rates. Actual savings may vary.
Your money is protected
$75M FDIC Insurance
Your deposits are protected up to $75 million through our partner network.
Bank-Level Security
256-bit encryption, SOC 2 Type II certified, and real-time fraud monitoring.
Partner Banks
We partner with established, nationally-chartered institutions with $76B+ in assets.
We're ready when you are.
Start building your financial stack with Parallel.
Parallel is a fintech company, not a bank. Banking services provided by our partner banks, members FDIC.