Rho
Rho Business Banking
By Alex Compton · Last verified
Business banking with payment approvals and expense tools
Insurance: Checking through Webster Bank (a division of Santander Bank, N.A.) and Lead Bank, $250k pass-through; savings sweep insured up to $75 million via American Deposit Management Co. and 400+ partner banks (Treasury portfolios are securities, SIPC only)
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 pays no interest; savings up to 1.00% variable APY with $25,000 average monthly balance. Treasury net yields vary by investment and balance: IJTXX 3.22–3.67%, MULSX 3.43–3.88%, 13-week T-bill benchmark 3.54–3.99% (source dates October 22, 2026); not bank APYs | $0 | None (incorporated US entities only) | Official product disclosures and pricing reviewed for startup banking guide →Scoped Treasury yield and settlement review plus pricing correction; removed unconditional free-service and unmatched-coverage claims. Homepage headline conflicts with dated Treasury table, so the detailed table controls. Full-record date retained. |
| 2026-10-12 | None on checking; Business Savings pays up to 1.00% APY with a $25,000 average monthly balance; Rho Treasury nets 3.20-4.01% ($50k minimum) | $0 | None (incorporated US entities only) | Rho pricing, Treasury and Business Savings pages →Treasury minimum cut to $50k and net yield now 3.20-4.01%; Business Savings up to 1.00% APY with $25k average balance; checking partners Webster Bank and Lead Bank; $0 fees reconfirmed |
| 2026-06-11 | None on checking; savings yield via insured sweep; Rho Treasury nets 3.19-4.39% ($100k minimum) | $0 | None (incorporated US entities only) | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
Scoped Treasury yield and settlement review plus pricing correction; removed unconditional free-service and unmatched-coverage claims. Homepage headline conflicts with dated Treasury table, so the detailed table controls. Full-record date retained.
Fields: tagline, apy, features, pros, ourTake, termHistory
Official product disclosures and pricing → - changed
Treasury minimum cut to $50k and net yield now 3.20-4.01%; Business Savings up to 1.00% APY with $25k average balance; checking partners Webster Bank and Lead Bank; $0 fees reconfirmed
Fields: apy
Rho pricing, Treasury and Business Savings pages →
Features
- ▸Free same-day ACH and free domestic wires with high limits ($2M daily ACH)
- ▸Corporate cards earning up to ~2% cashback with granular controls
- ▸Full AP automation with approval workflows included free
- ▸Expense management included at no per-seat cost
- ▸Multi-entity support for holding-company structures
- ▸Treasury investments start at $50,000, with a 0.15–0.60% annual management fee; settlement and investment risk apply
Pros
- +No subscription or per-user fees; standard ACH and domestic wires have no Rho fee
- +Savings sweep advertises up to $75 million in deposit coverage, subject to program conditions and per-bank limits
- +AP and expense tooling that competitors charge per-seat for
- +Strong fit for multi-entity and finance-team-led companies
Cons
- −Sole proprietors and unincorporated businesses are excluded
- −Checking earns nothing; savings pays only up to 1.00% and needs a $25k average balance
- −Treasury needs a $50k minimum, carries a 0.15-0.60% fee, and is not FDIC insured
- −Zero cash or ATM capability
Our Take
Rho is worth comparing when banking, payment approvals and expense workflows need to work together. Budget for currency conversion and international-wire services. Savings sweep capacity is conditional; Treasury investments have fees and settlement delays. Keep imminent operating payments separate from investment decisions.
Best for: Incorporated companies that want banking and AP automation in one free platform
Open at Rho →Last verified 2026-10-12
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