Enjoy a seamless business banking and cash management experience backed by award-winning customer support and zero ACH fees. Open a Rho account in minutes today.
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Running advertising campaigns on Facebook or TikTok? Create virtual Rho corporate card that can only be spent with those merchants and understand spending in real-time.
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Assign individual Rho corporate cards to specific vendors or categories of company expenses, simplifying your procurement and accounts payable processes.
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Book your flights and pay for team and client meals with Rho corporate cards to specific budgets or teams.
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Give your employees cards with strict spend limits and controls that help them pay for needed materials and office supplies while maintaining expense policy compliance.
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From construction companies to advertising agencies, Rho corporate cards can help track granular spending by client or job code, making budgeting easier.
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Some businesses prefer to limit corporate card access to senior executives or owners.
Rho corporate cards can easily be assigned just to senior level employees.
Running advertising campaigns on Facebook or TikTok? Create virtual Rho corporate card that can only be spent with those merchants and understand spending in real-time.
Assign individual Rho corporate cards to specific vendors or categories of company expenses, simplifying your procurement and accounts payable processes.
Book your flights and pay for team and client meals with Rho corporate cards to specific budgets or teams.
Give your employees cards with strict spend limits and controls that help them pay for needed materials and office supplies while maintaining expense policy compliance.
From construction companies to advertising agencies, Rho corporate cards can help track granular spending by client or job code, making budgeting easier.
Some businesses prefer to limit corporate card access to senior executives or owners.
Rho corporate cards can easily be assigned just to senior level employees.
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To be eligible for Rho, your business must be incorporated in the United States. Rho serves small business owners, startups, middle-market and enterprises across industries.
We do not offer services to sole proprietorships or unincorporated businesses, so small business banking services – like a small business checking account – from another financial institution may be a better fit for these types of entities.
No. Rho is not a bank. Rho is a financial technology company built on a network of commercial banks, dedicated to helping organizations take charge of their finances.
At Rho, we provide digital banking solutions, business credit cards, accounts payable, and more — all through one, intuitive platform. Banking services are provided by Webster Bank, N.A. and other partner institutions, supported by Rho's technology platform and services.
Rho banking services are provided by Webster Bank, N.A. Member FDIC, supported by Rho's technology platform and services.
To be eligible for Rho, your business must be incorporated in the United States. We do not offer services to sole proprietorships or unincorporated businesses. Terms & conditions apply.
To open a business checking account with Rho, we require general business information and key documents including:
Yes, the Rho app is available on iOS and Android devices for both Rho account admins and employee users.
Employees can use the Rho app to manage expenses, upload receipts, request spend limit increases, and access virtual cards for card payments.
Rho admins can do the same plus manage mobile banking needs like depositing checks and checking account balances.
Yes. The Rho Business Savings Account (formerly known as Treasury Management Accounts) is built on a network of over 400 FDIC-insured banks, allowing you to access up to $75M in FDIC deposit insurance per entity (e.g. LLC).
Currently, qualifying clients earn up to 2.75% APY (annual percentage yield) on Rho Business Savings Accounts, helping you put your money to work as interest rates change.
Once you enroll, interest will be earned by you with the Rho Business Savings Account will be calculated by ADM each statement cycle. This is in contrast to many business savings accounts, which offer 0.01% APY (national average) on your deposits.
Since we do not offer ATM withdrawals at this time, nor do we offer cash deposits or business debit cards, we do not charge ATM fees.
We also don’t charge ACH fees, monthly maintenance fees, or monthly service fees with Rho business checking and savings accounts.
The only exception is Rho Treasury (formerly known as Rho Prime Treasury), our bespoke treasury management solution, that has a small maintenance fee. Learn more about our pricing today.
No, we do not have minimum opening deposit requirements at this time.
No. Our cash management offering, Rho Treasury (formerly known as Rho Prime Treasury), only invests your idle cash in high-grade assets, like U.S. T-Bills, that align with your customized investment policy and liquidity needs.
If your company’s investment policy allows for high-end investment-grade corporate bonds and U.S. Bank CDs (certificate of deposits), then those may be held in your account as well.
Assets are held in your company’s name, which is an important distinction from money market funds. Read our blog post about money market account for more info, including their risks vs. T-Bills.
No, Rho is not a personal finance solution and only offers business banking services.