Rho Business Checking is a fintech business bank account built for startups, not branch banking. It comes with $0 monthly fees and real human support from a team that knows your account, plus the option to add a linked Rho Business Savings Account with up to $75M in FDIC deposit insurance across a network of 400+ partner banks.
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC.
What you get with Rho's Business Checking Account
¹ The Rho Business Savings Account is a separate account from Rho checking. Savings account services and up to $75,000,000 in FDIC deposit insurance per entity are provided by American Deposit Management Co. and its partner banks (a network of 400+ FDIC- and NCUA-insured institutions, as of August 2026), subject to FDIC requirements and limitations. Coverage reflects the partner-bank network's capacity as of August 2026 and is not a contractual guarantee. Checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A., Member FDIC.
- 01
Gather your documents
You'll need your EIN, your formation documents, and a government-issued photo ID for any owner with 25% or more of the company. LLCs with more than one member should also have the operating agreement on hand.
- 02
Apply online
The application takes less than 10 minutes. No branch visit, no paper forms, no faxing anything.
- 03
Get verified
Our team reviews what you've submitted and reaches out directly if anything else is needed.
- 04
Fund and start banking
Send ACH transfers and wires with no per-transaction fee, issue corporate cards, and connect your accounting software from day one.
No monthly fees. Ever.
- Business checking account with no subscription tiers
- Up to $75M in FDIC deposit insurance with a linked Rho Business Savings Account
- Real human support by phone and in-app chat
- Domestic ACH transfers and wires with no per-transaction fee
- Corporate cards with up to 2% cashback with Rho Platinum (terms apply)
- Built-in accounts payable and expense management
- QuickBooks, NetSuite, and Sage Intacct integrations
The only real limit is on cashback: it's earned on up to $1,000,000 in eligible card spend per calendar year and is subject to program terms. Every fee on this page is $0.
Open in minutes
Finish your entire account application in under 10 minutes and start moving money right away.
Keep every dollar
No monthly fees, no minimum balance, and no charges on domestic ACH or wire transfers.
Books that sync themselves
Quickbooks Online, Netsuite, Sage Intacct, or Xero all sync automatically, no added platform fee.
| Rho | Mercury | |
|---|---|---|
| Best for | Startups that want $0 fees, big FDIC coverage, and real support | Businesses ready to move up through paid tiers as they scale |
| FDIC deposit insurance | $250K on checking; up to $75M with a separate Rho Business Savings Account¹ | Up to $5M via partner-bank sweep networks |
| Monthly account fee | $0 | $0 free tier; Plus $29.90/mo, Pro $299/mo |
| Yield on idle cash | See current rate at the Rho Business Savings Account | Up to 3.89%, tiered by balance (as of 08/28/2026) |
| Corporate card cashback | Up to 2% with Rho Platinum (terms apply) | 1.5% flat on all spend |
| Live human support | Yes | No stated hours |
| Rho | Mercury | Bluevine | Chase | |
|---|---|---|---|---|
| Best for | Startups that want $0 fees, big FDIC coverage, and real support | Businesses ready to move up through paid tiers as they scale | Businesses parking cash for yield | Businesses that need a branch and in-person cash handling |
| FDIC deposit insurance | $250K on checking; up to $75M with a separate Rho Business Savings Account¹ | Up to $5M via partner-bank sweep networks | Up to $3M via Coastal Community Bank's program-bank network | Member FDIC; no dollar figure published |
| Monthly account fee | $0 | $0 free tier; Plus $29.90/mo, Pro $299/mo | $0 Standard; Plus $30/mo, Premier $95/mo (both waivable) | $15 to $95/mo, waived at a minimum balance |
| Yield on idle cash | See current rate at the Rho Business Savings Account | Up to 3.89%, tiered by balance (as of 08/28/2026) | 1.3% Standard, 1.75% Plus, 3.0% Premier | No numeric rate published |
| Corporate card cashback | Up to 2% with Rho Platinum (terms apply) | 1.5% flat on all spend | Up to 4% in select categories only² | Not applicable, no cashback on checking |
| Live human support | Yes | No stated hours | No stated hours | No stated hours |
Competitive data collected from Mercury, Bluevine, and Chase websites as of 09/06/2026, and may change. ¹ The Rho Business Savings Account is a separate account from checking. Up to $75,000,000 in FDIC deposit insurance per entity is provided through the Rho Business Savings Account by American Deposit Management Co. and its partner banks, subject to FDIC requirements. Coverage reflects network capacity as of the date listed and is not a contractual guarantee. Rho checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A. ² Bluevine's cashback applies only at participating merchant categories (restaurants, fuel with caps, hotels capped at $20/transaction), not as a flat rate on all spend.
Every US bank and fintech platform has to verify a business and the people behind it before opening an account. Applying online goes fastest with four things ready.
- An EIN from the IRS (an uploaded SS-4 lets you start depositing; the EIN itself unlocks outgoing transfers)
- Formation documents: Articles of Organization for an LLC, or Articles of Incorporation for a corporation
- Ownership information for anyone who owns 25% or more of the company
- A government-issued photo ID for each owner and signer. Sole proprietorships aren't eligible on Rho; the business needs to be a registered LLC or corporation.
An LLC needs its own account to keep the liability protection it was formed for. Mixing personal and business money is the most common way owners undo that separation, and it makes tax season harder than it needs to be.
A single-member LLC can usually open an account with formation documents, an EIN, and an ID; multi-member LLCs should also have the operating agreement ready, since it shows who can sign for the company. Rho's checking account has no monthly fee, no minimum balance, and accounting software that keeps books current automatically, and companies holding larger balances can add a separate Rho Business Savings Account with up to $75M in FDIC deposit insurance.
Haven't incorporated yet? See <a href="/blog/llc-vs-s-corp">LLC vs. S corp basics</a> before you apply.
- Single-member LLCs need formation documents, an EIN, and a government-issued ID
- Multi-member LLCs should also provide the operating agreement
- Look for no monthly fees, no minimum balance fees, and automatic bookkeeping integrations
- The separate Rho Business Savings Account offers up to $75M in FDIC deposit insurance per entity through American Deposit Management Co. and its partner banks
The real trade-off is physical infrastructure. An online-first platform strips out fees and paperwork; a traditional bank offers branches and cash handling a laptop can't replicate.
A business handling a lot of physical cash may genuinely be better served by a bank with a nearby branch network. A business that runs digitally gives up little going online, and picks up lower fees and faster setup in return.
- Online-first (Rho, Mercury, Bluevine): Often $0 monthly fees, fully online account opening, limited or unavailable cash deposits, phone/chat/email support (hours vary by provider)
- Traditional (Chase): Typically $15 to $95/mo (sometimes waivable at a minimum balance), may require a branch visit, branch and ATM cash deposits, branch hours plus phone lines by department
Start with the fee schedule. Monthly maintenance, ACH, wire, and minimum-balance fees are small individually and add up quietly over a year.
Then look at how deposits are actually insured: a single bank covers up to $250,000 per depositor, and platforms like Rho extend that by offering a separate savings account that spreads deposits across a network of partner banks, which is how the Rho Business Savings Account reaches up to $75M in available coverage, on top of the $250,000 in FDIC coverage on checking through Webster Bank, a division of Santander Bank, N.A.
Last, check what the account connects to, not just what it costs. Rho's checking account connects natively to QuickBooks, NetSuite, and Sage Intacct, so bookkeeping doesn't become a second job.
- FDIC deposit insurance covers up to $250,000 per depositor per ownership category
- Rho checking deposits insured up to $250,000 through Webster Bank, a division of Santander Bank, N.A.
- Rho Business Savings Account extends FDIC coverage up to $75M via partner banks
- Native QuickBooks, NetSuite, and Sage Intacct integrations for automatic bookkeeping
Apply online in less than 10 minutes. No monthly fees, no minimums, and nothing to sign at a branch.
Frequently asked questions
Four things: an EIN from the IRS, your formation documents (Articles of Organization for an LLC or Articles of Incorporation for a corporation), ownership details for anyone holding 25% or more of the company, and a government-issued photo ID for owners and signers. With those ready, the Rho application takes less than 10 minutes.
Not on its own. An EIN shows the IRS has registered your business, but banks and fintech platforms are also required to verify the company itself and the people who own it. On Rho you'll also need formation documents and a photo ID, and the business has to be an LLC or corporation; sole proprietorships aren't eligible.
No. An SSN identifies you as a person, not your business. Rho is built for US-incorporated LLCs and corporations, so you'll need your EIN and formation documents in addition to a photo ID.
It depends on how the LLC operates. A business handling a lot of physical cash may do better with a bank that has branches; a business that runs digitally should compare monthly fees, minimum balances, FDIC coverage, and accounting integrations. Rho offers LLCs a checking account with no monthly fees, no minimum balance, and no ACH or wire fees, plus the option to add a Rho Business Savings Account with up to $75M in FDIC deposit insurance.
No. Rho's business checking account has no monthly fee, no minimum balance, and no ACH or wire fees.
No, Rho is a financial technology company, not a bank. Checking account and card services are provided by Webster Bank, a division of Santander Bank, N.A., member FDIC. Savings account services are provided by American Deposit Management Co. and its partner banks.
It's a reporting rule, not a fee or a limit on your account. Under the Bank Secrecy Act, US financial institutions have to report cash transactions over $10,000 to FinCEN. It applies to cash, not to ACH transfers or wires, and it doesn't change what you can do with a Rho account.
The application takes less than 10 minutes online. Having your EIN, formation documents, ownership information, and photo ID ready before you start is what actually determines how fast it goes, at Rho or anywhere else.
A single bank only insures up to $250,000 per entity. Rho addresses this with a separate Rho Business Savings Account, which spreads deposits across a network of 400+ FDIC- and NCUA-insured partner banks for up to $75,000,000 in coverage per entity.
Switching is usually the easiest part. Our team walks you through updating payroll, vendor payments, and other recurring transfers so nothing bounces during the move, and helps you contact the vendors and platforms that pay you. Most switches run a few days of overlap between your old account and your new one, not weeks.
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC. Savings account services provided by American Deposit Management Co. and its partner banks. International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. Products and services offered through the Rho platform are subject to approval. Savings account services and up to $75,000,000 in FDIC deposit insurance per entity are provided by American Deposit Management Co. and its partner banks, subject to FDIC requirements and limitations. Coverage reflects the partner-bank network's capacity and is not a contractual guarantee. Checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A. Cashback with Rho Platinum is earned on up to $1,000,000 in eligible card spend per calendar year and is subject to program terms. Competitive data collected from Mercury, Bluevine, and Chase websites as of 09/06/2026, and may change. Product claims current as of September 2026.