NewtekOne, and its national bank subsidiary Newtek Bank have launched a game-changing innovation for independent business owners: a fully integrated onboarding process that delivers both an approved Newtek Bank true Newtek Zero-Fee Business Banking checking account and a Newtek Merchant Solutions, LLC (“NMS”) merchant payment solution—simultaneously, using a single, streamlined data capture in a single online application process. This unified experience means business owners get everything they need to accept payments and manage cash flow in one step. When a client is onboarded for a Newtek Bank checking account, the client automatically receives an approved NMS merchant account; when a client applies for an NMS merchant account, the client gets an approved Newtek Bank account, with merchant payments settling directly into the Newtek Bank account.1 All activity—banking, batches and returns—is visible to the client and managed from the Newtek Advantage® Dashboard (patent pending). And with the opening of the Instant Merchant Account, business owners can begin accepting debit and credit card payments, with no waiting, no second applications — just instant access to revenue. The Newtek Advantage Dashboard gives business owners a single online portal for banking, payments, payroll, insurance, IT, and more. It’s built to operate in real time, providing transparency and control that legacy banks and third-party providers simply cannot match. Once approved, the client merely needs to authorize the opening of the respective account.