One platform for all of your business banking needs

Simplify your finances by consolidating banking, cards, and spend management into a single platform, all with zero fees.

James Jiang, CEO & Co-Founder at Spark

“In Rho, we found a modern solution that could grow alongside us.”

James Jiang, CEO & Co-Founder at Spark

A powerful finance platform with world-class support

Everything you need to run your company's finances from end to end.

Put an end to annoying fees

Send payments fast – without any platform, ACH, wire transfer, or overdraft fees.¹

A partnership you can trust

Rho partners with Webster Bank, N.A., Member FDIC, a nationally-chartered institution with over $70B in assets.¹

Speak with support fast

Your business is assigned a dedicated Rho specialist to provide personalized, one-on-one support around the clock.

Open an account and start enjoying an award-winning platform experience today.

Apply Now

Two business account options, one powerful platform

Manage day-to-day operating cash with zero ACH fees¹.

Rho Business Checking Account

$0 ACH and wire transfer transaction fees plus reliable support.¹

Rho Business Savings Account

Savings Account deposits are FDIC-insured up to $75 million through American Deposit Management Co. and its partner banks.¹

Multiple capabilities – one powerful online platform

Experience the benefits of a Rho business account today.

Send ACHs for free in as little as one business day.¹

Enjoy mobile check deposits and zero monthly fees.¹

Manage invoices at scale with automated bill pay.

Handle global payment processing at scale.

Set up free Deposit Account Control Agreements for lenders.

Access a business line of credit with the Rho Corporate Credit Card².

Craig Bartlett, Director of Finance & Strategy at MunkPack

“Rho allows us to scale to a 100-person team without spending a lot of time on banking or expense management."

Craig Bartlett, Director of Finance & Strategy at MunkPack

We make it easy to switch to Rho

Enjoy a smooth account opening experience and get back to building.

1.

Apply for a Rho account in minutes.

Help us learn more about your business needs by uploading identification and disclosure documentation.

2.

Add funds to your Rho account 

Once open, account holders can begin sending payments, receiving incoming wires, and managing monthly transactions.

3.

Set up your team in just a few clicks.

In seconds, generate your first Rho Card with configured spend controls that help enforce your expense policy.

Before and after Rho

Seasoned business owners, operators, and CFOs optimize cash flow and bank with confidence using Rho.

From manual finance

You lack real-time clarity over T&E spending and spend far too many hours chasing down late receipts and approvals.

To frictionless finance

Organize your cash with multiple fee-free operating accounts¹  and count on 24/7 customer support.
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How the Rho platform compares

See how our powerful platform stacks up against other cash management solutions.

Zero monthly subscription fees¹

Fee-free Same Day ACH and wires¹

Native accounting software integrations

Built-in AP automation and expense management

Minimum deposit requirement

FDIC Deposit Insurance

N/A

Up to $75M with Business Savings Account¹

Mercury

$350/Pro Plan

NetSuite requires Mercury Pro

Some invoice features restricted to Mercury Plus

N/A

Up to $5M

Chase

$15

$2K

$250k

Wells Fargo

$10

$10K

$250k

Competitive data was collected from Chase, Wells Fargo, and Mercury websites as of September 25, 2024 and is subject to change or update. Customer wait times are based on anecdotal research.

Experience better business finance with Rho today.

Apply Now

Make finance frictionless with Rho

FAQs

See answers to common questions we get from customers about Rho business banking software.

Is my business eligible to open a Rho checking account?

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.

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.

What do I need to set up a new business checking account with Rho?

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 have a mobile app?

Yes, the Rho app is available on iOS and Android devices for both Rho account admins and employee users.

Employees 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.

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 charge ATM fees?

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.

Does Rho have any minimum balance requirements?

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

Does Rho offer personal checking accounts?

No, Rho is not a personal finance solution and only offers business account products with our partner banks.

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. Products and services offered through the Rho platform are subject to approval.

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

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 gross yield based on 90-day Treasury Bill rates as of [DATE]. The advertised yield does not include the 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 before fees. Fees and costs may reduce the actual returns received. 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.

While Rho does not charge international wire transaction fees, international wires in USD can be subject to additional fees set by recipient, correspondent, or intermediary banks, in addition to the SWIFT network.