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Provider review
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Melio

CFPBDirect lenderLast reviewed August 25, 2026
Business account
8.7
Overall
Our verdict

Melio is accounts-payable software for businesses — bill pay, not a personal loan. Compare per-payment fees and who can open the account.

Cost
8.6
Flexibility
9.0
Transparency
8.6
Service
8.4

Priya Shah · Editor, mortgages and comparison services · Scores are editorial and do not affect list order, which is set on published price.

Our review

Suits: Paying vendors as a small business when the fee per payment is published.

What stands out

  • Business bill pay
  • Per-payment fees
  • Not consumer credit

See business accounts in United States. Lending is business loans. Supervision: OCC, FDIC and the CFPB.

Pros

  • Listed as a business payments product.
  • Fee line is the comparison, not a loan APR.
  • No consumer credit pull to browse.

Cons

  • Not a substitute for a term loan.
  • Card-pay or ACH fees can add up on large volumes.

Questions about Melio

Is Melio a lender?

It is bill-pay software. Any financing feature is a separate product — read the live card.

Products you can apply for

1 products in this market

Melio

8.74.4(1)
Savings rate
Not shown here
Deposit
n/a
  • Free withdrawals
  • CFPB
Open account
Full review

We do not show a rate for this account. The provider publishes one, but not the qualifying balance, opening deposit and rate date that must be shown alongside a yield in this market — and quoting the rate without them would be worse than leaving it out. The provider's own page carries the current figure.

Example

Plans: Go $0/month (5 free ACH); Core $25 ($20 annual) + $10/user; Boost $55 ($44 annual); Unlimited $80 ($64 annual, unlimited users). Extra ACH $0.50; check $1.50; wire $10; card 2.9%. Instant/same-day ACH 1% ($75 max). 30-day trial then falls back to Go. Source: melio.com/pricing, 2026-08-27.

Melio: Plans: Go $0/month (5 free ACH); Core $25 ($20 annual) + $10/user; Boost $55 ($44 annual); Unlimited $80 ($64 annual, unlimited users). Extra ACH $0.50; check $1.50; wire $10; card 2.9%. Instant/same-day ACH 1% ($75 max). 30-day trial then falls back to Go. Source: melio.com/pricing, 2026-08-27.

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