Ramp
Ramp Business Account (Ramp Treasury)
By Alex Compton · Last verified
FDIC-insured checking that earns while it sits next to your spend platform
Insurance: Deposits held at First Internet Bank of Indiana with multi-million-dollar FDIC coverage extended via IntraFi ICS sweep; Investment Account is SIPC-protected up to $500k, not FDIC
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-23 | Checking: 2.00% variable APY as of October 23, 2026. Separate Investment Account advertises up to 4.6% net yield, with September 3, 2026 sample-portfolio assumptions; not a bank APY or guaranteed return | $0 (included with Ramp's free tier) | None for checking; $5,000 minimum for the Investment Account | Official product disclosures and pricing reviewed for startup banking guide →Scoped checking APY and investment-yield distinction. Replaced unsupported safest/free-money comparisons; retained full-record date and historical snapshots. |
| 2026-10-12 | 2.00% variable APY on checking as of 10/12/2026 (true FDIC interest); Investment Account yields up to 4.62% net (as of 9/3/2026, $5k minimum) | $0 (included with Ramp's free tier) | None for checking; $5,000 minimum for the Investment Account | Ramp Treasury and pricing pages →Checking APY 2.00% (10/12/2026); Investment Account up to 4.62% net (9/3/2026) with up-to-0.15% advisory fee; First Internet Bank and IntraFi ICS coverage and plan pricing reconfirmed |
| 2026-06-11 | Roughly 2.0-2.5% variable on checking (true FDIC interest); Investment Account yields ~4.38% (money market fund, $5k minimum) | $0 (included with Ramp's free tier) | None for checking; $5,000 minimum for the Investment Account | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
Scoped checking APY and investment-yield distinction. Replaced unsupported safest/free-money comparisons; retained full-record date and historical snapshots.
Fields: apy, features, pros, cons, ourTake, url, termHistory
Official product disclosures and pricing → - changed
Checking APY 2.00% (10/12/2026); Investment Account up to 4.62% net (9/3/2026) with up-to-0.15% advisory fee; First Internet Bank and IntraFi ICS coverage and plan pricing reconfirmed
Fields: apy
Ramp Treasury and pricing pages →
Plan Options
Ramp (free)
$0
- ▸Corporate cards, expense management, AP, travel, and the Treasury accounts included
- ▸Free domestic and international wires, unlimited free same-day ACH
Ramp Plus
$15 per user plus platform fee
- ▸AI-powered approvals and custom roles
- ▸NetSuite and Sage Intacct integrations
Features
- ▸Real FDIC deposit account (renamed from Ramp Business Account to Ramp Checking Account)
- ▸No fees, no minimums, and no transfer caps on checking
- ▸Free domestic and international wires
- ▸Separate Investment Account has variable securities yields and an advisory fee up to 0.15%; investment losses are possible
- ▸Ramp Visa corporate cards with cash back under account-specific rewards terms
- ▸Deep AP and expense automation included free
Pros
- +Operating checking can earn bank interest while investments remain separate
- +Treasury comes free with Ramp's already-free platform
- +Payment tools can reduce the need to move money between platforms
- +IntraFi sweep extends coverage into the millions
Cons
- −Checking APY and investment yields are not directly equivalent return measures
- −Hitting ~4.6% requires the non-FDIC Investment Account with a $5k minimum and an advisory fee up to 0.15%
- −No cash or ATM capability and no sole proprietors
- −Core deposits sit at a single small partner bank with some industry and NY-state exclusions
Our Take
Ramp Checking may fit a company already using Ramp for payments and spending. Evaluate the bank deposit separately from its Investment Account, which has investment risk and yield assumptions. Confirm payment availability and sweep terms before consolidating operating cash.
Best for: Ramp card customers who want their operating cash earning FDIC-insured interest
Open at Ramp →Last verified 2026-10-12
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