Business banking platform with $0 monthly fees

Frequently asked questions

• What is Rho business checking, and what does it cost?

  Rho is a business banking platform for US-incorporated companies. Rho business checking has $0 monthly, per-user, and minimum balance fees, and $0 domestic ACH, wires, and checks from Rho.

  Business checking, corporate cards, expense management, and Bill Pay come at no software cost on Rho. International USD wires can carry fees set by recipient, correspondent, or intermediary banks.

• Is there a no-fee business checking account available?

  Yes. Several online business checking accounts have no monthly fee, including Rho, Mercury, Bluevine, and Relay. Rho business checking has no monthly, per-user, or minimum balance fees.

  Mercury charges $0 on its base plan, Bluevine on Standard, and Relay on Starter. Compare wire and same-day ACH costs before you choose.

• What bank account is best for an LLC?

  It depends on how your LLC operates. Rho business checking serves US-incorporated LLCs, with no monthly, per-user, or minimum balance fees and native accounting integrations.

  Choose a branch bank if in-person service matters most.

• Can I open a business bank account online with EIN only?

  Not with an EIN alone. Rho serves US-incorporated businesses, so your company must also meet Rho's eligibility rules.

  Rho requires a US operating address, or one US-based owner with a valid SSN. Have your EIN ready before you apply. If you do not have one yet, Rho's guide explains what to do first.

• Do I need an LLC before getting a business bank account?

  Rho requires a US-incorporated business, such as an LLC or a corporation. Sole proprietorships are not served.

  If you have not incorporated yet, you can form an LLC or C-corp through Rho. See Incorporate with Rho.

• What fees should I watch out for with business bank accounts?

  Watch for monthly, minimum balance, per-user, ACH, wire, and check fees. Rho business checking has no monthly, per-user, or minimum balance fees. Rho charges $0 for domestic ACH, wires, and checks from Rho.

  A $0 monthly fee does not cover every cost, so check wire, ACH, and international payment fees too.

• Is Rho a bank, and how is my money FDIC insured?

  No. Rho is a fintech company, not a bank or an FDIC-insured depository institution. FDIC deposit insurance protects you against the failure of an FDIC-insured bank that holds your deposits, not against the failure of Rho. The partner banks and full FDIC terms are in the disclosure at the bottom of this page.

• Does Rho charge for international wires?

  Rho does not charge international wire transaction fees, but international USD wires can carry other fees.

  A $15 SWIFT fee applies to SWIFT payments, and a $30 fee applies to recalling an international USD wire. Recipient, correspondent, or intermediary banks may also charge fees. Domestic ACH, wires, and checks are $0 from Rho.