Newtek Bank Expands Connected Banking Capabilities Across Leading Accounting and Business Applications
Customers using Newtek Payroll can fund and execute payroll the same day.
Rhea-AI Summary
NewtekOne (NEWT) expanded its Newtek Bank subsidiary's connections to accounting and business applications through its Newtek Advantage portal. The bank now integrates with Sage, Xero, FreshBooks and Restaurant365, adding to its existing QuickBooks connectivity. The company says connections to QuickBooks, Sage, Xero and FreshBooks cover platforms representing approximately 85% of the U.S. small-business accounting software market.
The portal lets customers access banking information, monitor real-time payment activity and connect financial data. Supported applications also include 1-800Accountant, Expensify, AppFolio and BILL. Customers using Newtek Real-Time Payment Solutions can have merchant processing proceeds settle into their Newtek Bank accounts the same day, seven days a week.
Key Figures
- Small-business accounting software market coverage
- approximately 85%
- U.S. market represented by platforms Newtek Bank connects with
Key Terms
ach financial
patent-pending regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Newtek Advantage® Integrates Banking, Payments, Payroll and Business Information into a More Connected Customer Experience
BOCA RATON, Fla., Sept. 28, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) (“NewtekOne” or the “Company”) announced today that its bank subsidiary, Newtek Bank, N.A. (“Newtek Bank”), has expanded connectivity between Newtek Bank accounts and the accounting and business applications independent business owners rely on to manage their businesses. Newtek Bank now integrates with Sage, Xero, FreshBooks, Restaurant365 and other leading applications, building on its existing connectivity with QuickBooks and broadening the digital ecosystem available through Newtek Advantage®.
This expanded connectivity is designed to make business banking integrated with the systems customers already use to track financial performance, reconcile transactions and manage day-to-day operations. By connecting with QuickBooks, Sage, Xero and FreshBooks, Newtek Bank can integrate with accounting platforms representing approximately
Newtek Advantage®, the Company’s internally developed and patent-pending online business portal, serves as the central customer experience for Newtek Bank and NewtekOne’s broader suite of business solutions. Through Newtek Advantage®, independent business owners can access their Newtek Bank relationship, view banking information, monitor real-time payment activity and connect more of their financial data in a single portal.
The enhanced application connectivity complements NewtekOne’s integrated approach to business financial services. Customers using Newtek Real-Time Payment Solutions can accept credit card, debit card and ACH payments, with merchant processing proceeds settling directly into their Newtek Bank account the same day, seven days a week, 365 days a year. Customers using Newtek Payroll have the ability to fund and execute payroll the same day. Together, these capabilities help connect transactional banking, payments and payroll information with many of the accounting and business applications customers use to operate their businesses.
Barry Sloane, Chairman, President and Chief Executive Officer of NewtekOne, commented, “Independent business owners increasingly expect their bank to work inside the digital systems they use to run their businesses. By expanding Newtek Bank’s connectivity with QuickBooks, Sage, Xero, FreshBooks, Restaurant365 and other applications, we are making banking information more connected to our customers’ daily workflows.”
“The Newtek Advantage® brings more of the customer relationship into one connected experience. Business owners can access banking information, view real-time payment activity, settle merchant processing proceeds directly into Newtek Bank, fund and execute payroll the same day and connect all of that information with the accounting and business applications they already use. We believe this is an important step in advancing connected business banking for independent business owners.”
“These capabilities also complement Newtek Zero-Fee Business Banking™, which is truly a ‘no fee’ bank account — no monthly service fees, no transaction fees, no ACH fees, no wire fees, no overdraft fees and no minimum balance requirement — that also pays a competitive rate of interest on checking balances.”
Mr. Sloane concluded, “We have built a differentiated, technology-enabled financial services ecosystem that helps independent business owners grow revenue, reduce expense, and reduce risk.”
About NewtekOne, Inc.
NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial solutions include: Banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)
Newtek®, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage® are registered trademarks of NewtekOne, Inc.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation Reform Act of 1995 and are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission, which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as of the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 / browe@newtekone.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Which applications does Newtek Bank now connect with?
Newtek Bank now connects with Sage, Xero, FreshBooks and Restaurant365, alongside its existing QuickBooks connectivity. Other supported applications include 1-800Accountant, Expensify, AppFolio and BILL.
What fees does Newtek Zero-Fee Business Banking charge?
Newtek Zero-Fee Business Banking has no monthly service, transaction, ACH, wire or overdraft fees and no minimum balance requirement. The account also pays interest on checking balances.