Software Alternatives, Accelerators & Startups

Melio VS Bank Of America

Compare Melio VS Bank Of America and see what are their differences

Melio logo Melio

A digital bill payment solution for small businesses. Pay and get paid for invoices quickly, simply, and without any of the usual costs. Increase cash-flow and reduce hassles by scheduling payments with bank transfers, debit cards, or credit cards.

Bank Of America logo Bank Of America

Welcome to Bank of America, home for all of your financial needs. Our purpose is to help make financial lives better through the power of every connection.
  • Melio Landing page
    Landing page //
    2023-03-10

Melio allows small businesses to take control of their cash flow with flexible business payments. A free and easy-to-use B2B payment solution, Melio has no setup or monthly fees. It helps small businesses in the US pay any business expense by ACH bank transfer or credit card - even where cards aren’t accepted. And vendors still get paid their way - by check or bank transfer.

Why Melio: Pay any invoice with a bank transfer for FREE, or use your credit card to defer payment (2.9% fee). Vendors receive a check or bank deposit. Pay with a credit card and hold onto cash for up to 45 extra days. Collect points and rewards along the way. The platform is user friendly, reduces costs. saves you time, and enables SMBs to focus their business rather than logistics. It has a seamless sync with QuickBooks and Xero, which eliminates a dual entry of vendor/bill information.

Currently, Melio is available to small businesses in the US only, though it enables international payments.

  • Bank Of America Landing page
    Landing page //
    2023-06-13

Melio videos

Pay Your Vendors Like A Tech Smart Boss With Melio (Onboarding and Review)

More videos:

  • Demo - Melio Demo with David Leary

Bank Of America videos

Bank Of America Is Being A Nightmare!

More videos:

  • Review - If you have Bank of America Account you must watch
  • Review - JP Morgan, Wells Fargo, Citi, Bank of America Stock Analysis. Which Bank is BEST?

Category Popularity

0-100% (relative to Melio and Bank Of America)
Online Payments
100 100%
0% 0
Finance
0 0%
100% 100
Accounts Payable
100 100%
0% 0
Personal Finance
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Melio and Bank Of America

Melio Reviews

4 Best Bill.com Competitors And Alternatives (2022)
This is no reason to be discouraged. There are Bill.com competitors out there, Melio ranking at the top, that are tailor made for small businesses like yours. Melio has a simple, yet fitting tool set, at an incredibly affordable rate for any small business. That’s why I would recommend Melio over Bill.com for any small business in the US.
Source: smbillion.com

Bank Of America Reviews

We have no reviews of Bank Of America yet.
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Social recommendations and mentions

Based on our record, Bank Of America should be more popular than Melio. It has been mentiond 14 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Melio mentions (4)

  • How open are you with your account and routing numbers?
    I Use Melio Payments (https://meliopayments.com/) - You can set up a free account and you can have them send you money or you can send out money via ACH (which is free) or use a debit or credit card account (Fee associated). I use it to pay my sub contractors weekly. You can only see the last 4 digits of the banking info once you have sent or received it. Ive been using them for almost 2 years and no complains. Source: about 1 year ago
  • Amex Business Plat To Pay Invoices
    You can look into https://meliopayments.com/ . They're basically Plastiq for businesses and support Amex, but they're gonna have a fee. So unless you're trying to hit a SUB, it's not gonna be worth it. Source: about 1 year ago
  • I said what I said
    Looking around for 2 seconds I found this.. https://meliopayments.com. Source: over 1 year ago
  • Invoicing app that is not too fancy.
    Oh Sorry. I didn't realize. I had a vendor just switch to Melio. They're similar in that you can choose a wire or a card etc. Maybe that'll work? meliopayments.com. Source: over 2 years ago

Bank Of America mentions (14)

  • bankofamerica.com opened for no reason.
    I opened my PC and Firefox. When I looked at my monitor (I was doing something), I saw bankofamerica.com site opened. I go backward one page and this text is present with duckduckgo as search engine: "BoA card and a photo ID. You can check the list of participating museums near you here: https://about.bankofamerica.com/en/making-an-impact/museums-on-us-partners I'm not affiliated with BoA in any way. I just found... Source: 9 months ago
  • is this a scam(?) or are they telling the truth?
    When in doubt, go to the website of the company they say they are representing and login to check your account. It will be fine. Note: DO NOT do this by googling the company. Go to the actual website, directly. bankofamerica.com , americanexpress.com, microsoft.com, etc. Source: 12 months ago
  • Trying to Create A List of URLs to Block and Save Using a Json File.
    So, by default, Android is configured so that random games and apps you install aren't allowed to change the hosts file. Otherwise, they could drop an entry in there saying that facebook.com is now some IP address that they own, or bankofamerica.com, or whatever and steal your data without you ever suspecting a thing. Source: about 1 year ago
  • Wednesday Spot - Telus US Raters
    Lol, you mean you're not a mind reader? In all seriousness though, this happens to me a lot thinking my frequent pages will just autofill. I'll end up with b for bankofamerica.com, that sort of thing. Source: about 1 year ago
  • Buy Verified Bank of America
    What is the cost you require to create a bank account with Bank of America? The minimum deposit required for opening the majority of Bank of America accounts is $100. Standard Term CDs require $1,000. What Is a Savings Account? Source: over 1 year ago
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What are some alternatives?

When comparing Melio and Bank Of America, you can also consider the following products

Bill.com - Bill.com provides ACH payments processing, automates your accounts payable and accounts receivable processes.

Chime - Group video conversations with your friends & community

Metaprise - Pay & Get Paid The Way You Want.

Wells Fargo Mobile - Wells Fargo Mobile makes banking more convenient by enabling you to complete various tasks right from your mobile phone.

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Varo - Varo is an all-in-one mobile banking solution that helps you to manage your financial needs.