Finance automation – without annoying subscription fees.

We keep things simple, helping you save money that you can invest into your business.

How we help businesses save money

The features you need to scale your business at zero cost.

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Same-Day ACH fees

We make $10 ACH fees a thing of the past.

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Wire fees*

*Save $25 on every wire sent by your business

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Monthly plans

We don’t charge to access essential accounting integrations.

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Support fees

Customers get live support from Day 1 – no monthly plans required.

*International wires in USD can be subject to additional fees set by recipient, correspondent, or intermediary banks, in addition to the SWIFT network. Rho does charge a flat 1% fee on FX transfers.

Rho fee summary

See how you could potentially save money operating your business with our finance platform.

Same-Day ACH, wires, and checks

Subscription fees

Checking account minimum fees

Connected, in-platform capabilities: AP, Expense & Accounting Automation

Per-user fees

Foreign currency transfer

Late fees

$0¹

1%¹

3% of overdue card balance

FAQs

Is Rho a bank?

No, Rho is a financial technology company, not a bank. Checking account and card services are provided by Webster Bank, N.A., member FDIC. Savings account services are provided by American Deposit Management Co. and its partner banks.

Who is Rho’s sponsor bank?

Checking account and card services are provided by Webster Bank, N.A., member FDIC. Savings account services are provided by American Deposit Management Co. and its partner banks.

Is my business eligible to apply?

To be eligible for Rho, among other things, your business must be based in the United States. We do not offer services to sole proprietorships or unincorporated businesses.

Does Rho charge fees?

Rho does not charge platform, monthly plan, or ACH fees.

We do charge a flat 1% fee on FX transfers for 32 different currencies, and Rho reserves the right to charge a 3% late fee on a delinquent balance for up to six months, unless prohibited by law.
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Lastly, please note that while Rho does not charge fees for international wire in USD, these transfers can be subject to additional fees set by recipient, correspondent, or intermediary banks, in addition to the SWIFT network.

To learn more about our pricing, visit our Pricing page and Terms of Service.

What is required from my business to apply for a Rho account?

All Rho applicants are required to provide documents and information about their business, owners, and control persons. Required documents include:
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- Corporate formation documents
- Business and industry information
- Tax ID
- Beneficial owner and control person information
- Additional documents and information as applicable
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For companies applying for a Rho credit card, our underwriting team will require additional financial information.
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If you have any questions as you fill out your application, you can contact a member of Rho’s support team through the chat function in the lower right-hand corner of the screen.

Does Rho offer business savings accounts?

Yes. Savings account services and up to $75M in FDIC insurance are provided by American Deposit Management Co. and its partner banks. Rho is a financial technology company, not a bank or an FDIC-insured depository institution. The FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured bank that holds your deposits and is subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. For more information on deposit insurance, please visit the FDIC website.

Does Rho have any minimum checking deposit requirements?

No, we do not have minimum deposit requirements at this time for the checking account.

Make finance frictionless with Rho today

¹Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster 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.

²The Rho Corporate Card is issued by Webster Bank N.A., member FDIC pursuant to a license from Mastercard.

³Investment management and advisory services provided by RBB Treasury LLC dba Rho Treasury, an SEC-registered investment adviser and subsidiary of Rho. RBB Treasury LLC facilitates investments in securities: investments are not deposits and are not FDIC-insured. Investments are not bank guaranteed, and may lose value. Investment products involve risk, including the possible loss of the principal invested, and past performance does not future results. Registration with the SEC does not imply a certain level of skill or training. Treasury and custodial services provided through Apex Clearing Corp. ("Apex") and Interactive Brokers LLC ("Interactive"), registered broker dealers and members FINRA/SIPC. Interactive rates may vary from Apex rate shown above. For additional information about investment management and advisory services provided by Rho Treasury, please refer to Rho Treasury’s ADV-2A Wrap Fee Brochure.

This material presented is for informational purposes only and should not be construed as legal, tax, accounting or investment advice. Under no circumstances should any of this material be used for or considered as an offer to sell or a solicitation of any offer to buy an interest in any securities. Any analysis or discussion of financial planning matters, investments, sectors or the market generally are based on current information, including from public sources, that we consider reliable, but we do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. Our views and opinions are current at the time of publication and are subject to change. You should consult with your attorney or relevant professional advisor for advice particular to your personal or business situation.

Rho Treasury is not insured by the FDIC. Rho Treasury are not deposits or other obligations of Webster Bank N.A., or American Deposit Management Co.’s partner banks, and are not guaranteed by Webster Bank N.A., or American Deposit Management Co.’s partner banks. Rho Treasury products are subject to investment risks, including possible loss of the principal invested.

*This reflects the sought net yield based on 90-day Treasury Bill rates as of [DATE]. and an annual fee which ranges from 0.15% for deposits of $20M or more to 0.6% (the maximum annual fee) for deposits under $2M. Individual results may vary depending on the actual investment date and investment products selected. Past performance is not a guarantee of future performance results. The yield is variable and fluctuates without prior notice. The rate shown is net of fees. The amount of Treasury Bills available at a particular yield will depend upon the sellers’ offer size; any remaining cash balance after the purchase may not earn the same yield.

Applicable fees for the checking account include an optional $15 SWIFT fee and 1% foreign currency conversion fee.International wires in USD can be subject to additional fees set by recipient, correspondent, or intermediary banks, in addition to the SWIFT network. Unless prohibited by law, the late fee shall be three percent (3%) of the delinquent payment balance for each month that the balance remains unpaid for up to six (6) months.