NewtekOne and Newtek Bank Launch Integrated Onboarding Process for Business Owners

NewtekOne and Newtek Bank have launched an integrated onboarding process that simultaneously approves a business checking account and merchant payment solution through a single online application. This innovation aims to simplify the process for independent business owners and make it easier for them to access banking and payment services.

NewtekOne, Inc. (NASDAQ: NEWT) and its national bank subsidiary, Newtek Bank, N.A., have introduced a significant innovation in the realm of business banking: a unified onboarding process that simultaneously approves a business checking account and a merchant payment solution through a single online application. This new offering aims to simplify the process for independent business owners, making it easier for them to access essential banking and payment services.

The integrated onboarding process, unveiled on August 4, 2025, allows business owners to receive both an approved Newtek Bank true Newtek Zero-Fee Business Banking® checking account and a Newtek Merchant Solutions, LLC (NMS) merchant payment solution in one step. This unified experience means that when a client is onboarded for a Newtek Bank checking account, they automatically receive an approved NMS merchant account, and vice versa. All activity—banking, batches, and returns—is visible to the client and managed from the Newtek Advantage® Dashboard (patent pending).

The Newtek Advantage Dashboard provides a single online portal for banking, payments, payroll, insurance, IT, and more, operating in real-time to offer transparency and control. This integrated solution allows business owners to begin accepting debit and credit card payments instantly, without waiting for additional approvals or applications.

Barry Sloane, Chairman, President, and Chief Executive Officer of NewtekOne, commented, "Independent business owners need a single-stream, real-time solution—not disconnected products and outdated workflows. We give our business owner clientele one location for transactions, analytics, and data to manage their businesses. We are proud of what we have built and are now delivering and executing on frictionless banking and business solutions."

This innovation builds on NewtekOne's history of providing state-of-the-art, cost-efficient products and services to independent business owners since 1999. The company offers a wide range of business and financial solutions, including banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, insurance solutions, payroll and benefits solutions, and technology solutions.

The integrated onboarding process is part of NewtekOne's ongoing efforts to provide a comprehensive suite of solutions for independent business owners, streamlining their access to essential financial services and enhancing their operational efficiency.

References:
[1] https://www.marketscreener.com/news/newtekone-and-newtek-bank-unveil-real-time-all-in-one-business-banking-merchant-solutions-in-a-si-ce7c5edadc80f320