Always.bank
Century-old Alabama community bank 22nd State launched Always.bank as a nationwide advisory-first digital SMB bank.
US digital bank for small businesses — an FDIC-insured brand of 22nd State Banking Company with checking, savings, CDs, SBA/USDA loans and invoice factoring.
- Who holds it
- The company itself — it holds a full banking licence — FDIC-insured national bank charter (22nd State Banking Company).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Always.bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · SMB & startups |
| HQ | Birmingham, US |
| Founded | 2025 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | FDIC-insured national bank charter (22nd State Banking Company) |
| Card | No card |
| Stablecoins | No |
| KYC | Yes |
| Active regions | North America |
| Countries | United States |
Verified links: official site ↗
Common questions about Always.bank
What is Always.bank?
Always.bank is a fiat neobank built for SMB & startups, headquartered in Birmingham, US and founded in 2025. Your money is held custodially, so Always.bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (FDIC-insured national bank charter (22nd State Banking Company)).
Does Always.bank have a card, and where can you use it?
It issues no card of its own. It is available in North America.
Does Always.bank require KYC?
Yes. Always.bank requires identity verification (KYC) to open an account, as a licensed bank.
Head-to-head
Always.bank vs NorthOne · Always.bank vs Rho · Always.bank vs Grasshopper
Peers
Chime · Wise · Varo · Current · SoFi · Ally Bank
Always.bank appears in
Neobanks that hold their own banking license (132) · Neobanks that require identity verification (334) · Neobanks available in North America (127) · Neobanks for small businesses and startups (33) · Neobanks with no card of their own (66) · Neobanks in United States (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.