Choosing the right business bank is one of the most consequential decisions a company can make. A mismatched application can lead to weeks of paperwork followed by a refusal, costing time and momentum. Bank Index, a free platform from BankStore.ai, aims to replace that costly guesswork with accessible, data-driven information about financial institutions. Available at BankIndex.io, the platform helps businesses identify banks and account providers that fit their specific needs before they ever submit an application.
Bank Index is built on decades of real-world banking experience. Its founders, Denys Bets and Ihor Vlasov, have helped businesses navigate roughly 10,000 account-opening processes across corporate banking, audit, compliance, and fintech. Their insight: two institutions can review the same legitimate business and reach different decisions because their customer criteria and risk appetite differ. Bank Index makes that knowledge available to everyone, turning a traditionally opaque process into a transparent starting point for growth.
What is Bank Index?
Bank Index is a free online directory and scoring system for banks, account providers, and other financial institutions. It currently lists more than 144,000 institutions, including about 44,000 banks and account providers and about 100,000 other financial entities, with new entries added daily. Businesses can explore providers by their needs—such as fast onboarding, owners living abroad, fees, cross-border payments, and crypto—and see each institution scored from 0 to 10 on those criteria.
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The platform is designed to put knowledge traditionally held by specialist advisers directly into the hands of founders and finance teams. For reviewed profiles, the site shows the reasons and sources behind each score, giving users confidence in the data. No account is required to access the index, making it an immediately available resource for any business evaluating banking options.
What Stands Out
Free and Unrestricted Access
Unlike many business tools that require sign-ups or subscriptions, Bank Index is completely free to use without an account. This lowers the barrier for startups, small businesses, and growing companies that need quick, reliable information without committing to another platform.
Scored on Real Business Needs
Each institution is scored on criteria that matter to businesses: onboarding speed, fee structures, cross-border payment capabilities, crypto support, and willingness to work with owners living abroad. These scores are backed by source data, so users can understand why a provider received a particular rating.
Massive and Growing Database
With over 144,000 institutions listed, Bank Index offers one of the largest free directories of its kind. The database is updated daily, ensuring that users have access to current information as new providers enter the market.
Built by Industry Insiders
The platform was created by Denys Bets and Ihor Vlasov, who together bring two decades of experience in banking, fintech, compliance, and corporate finance. Their hands-on knowledge of account-opening processes gives the index a practical, user-focused foundation.
Gateway to Broader Services
Bank Index also serves as an entry point to BankStore.ai’s wider platform, which connects businesses with banks and payment providers. For fintech companies, API access to the index data is in preparation, allowing integration into their own tools.
Who It’s For
Bank Index is designed for any business that needs to open or maintain a banking relationship. Startups expanding into new markets, established companies with complex ownership structures, and finance teams evaluating cross-border payment options will all find value. The platform is especially useful for businesses that have experienced unexplained rejections or want to avoid the time-consuming trial-and-error approach to finding a suitable bank.
Fintech companies and financial institutions can also benefit from the index as a data source for due diligence or client onboarding. Investors may find it useful for portfolio companies that need to quickly establish banking relationships to receive funds or pay staff. The platform’s free nature makes it accessible to businesses of all sizes and stages.
What Makes It Worth Considering
Bank Index addresses a pain point that affects nearly every growing business: the difficulty of finding a financial institution that aligns with its specific needs. Instead of relying on word-of-mouth or expensive consultants, users can access a transparent, searchable database that reveals which providers are likely to be a good fit. This saves weeks of application time and reduces the frustration of rejections.
The platform’s scoring system is backed by real industry experience. Bets and Vlasov have spent years helping clients navigate account openings, and that expertise is encoded into the index’s criteria and ratings. For businesses that have been turned down despite solid finances and complete documents, Bank Index offers a way to understand the underlying reasons and find a more suitable partner.
Because the index is free and continuously updated, it grows more valuable over time. As new institutions are added and scores are refined, users gain an increasingly comprehensive view of the banking landscape. The planned API access will extend this value to fintech platforms and other tools, making the data even more actionable.
Verdict
Bank Index is a game-changer for businesses seeking the right banking partner, saving time and reducing guesswork with transparent, data-driven insights. Its free, no-account-required model, combined with a massive database and expert-backed scoring, makes it an essential resource for any company navigating the complex world of business banking. While it doesn’t guarantee approval—each institution makes its own decision—it empowers businesses to make smarter choices before they apply.
Frequently asked questions
Bank Index is a free platform that helps businesses find financial institutions that match their needs before applying. It scores banks on criteria like onboarding speed, fees, and cross-border payments.
Businesses explore providers by their needs and see scores from 0 to 10 based on factors such as fast onboarding, owners living abroad, and crypto support. The index is updated daily.
Yes, the Bank Index is free to use without creating an account. It aims to put traditionally held knowledge directly into the hands of founders and finance teams.
The index currently lists more than 144,000 institutions, including about 44,000 banks and account providers and about 100,000 other financial institutions.
No. Bank Index provides information to help businesses choose the right institution, but each institution makes its own onboarding decision. BankStore does not guarantee approval.
Bank Index was created by BankStore.ai, founded by Denys Bets and Ihor Vlasov, who bring two decades of experience in banking, fintech, compliance, and corporate finance.
BankStore is preparing API access to the index data for fintech companies and financial institutions, allowing integration into their own platforms.
