Rho vs. Ramp

Rho offers up to 2% cashback for Rho Platinum members (a flat statement credit, not points) on all spend, whereas Ramp offers a maximum of 1.5%. While Ramp provides a competitive rate, Rho’s higher cashback tier allows businesses to capture significantly more value on every dollar spent without the need for complex spending category restrictions.

Rho charges $0 in platform fees and includes all automation features for every client, while Ramp charges $15 per user per month for Ramp Plus and custom pricing for Enterprise tiers. Unlike Ramp, which gates advanced features like multi-entity support and global capabilities behind a per-user paywall, Rho includes all expense management, AP automation, and integration features at no additional platform or per-seat cost.

Yes, Rho includes ERP integrations like QuickBooks, NetSuite, and Sage Intacct at no cost. Ramp includes basic accounting integrations in its free tier but requires users to upgrade to paid tiers in order to access more advanced features. 

Rho provides 24/7 live human support to every client, while Ramp restricts premium support to its higher-paid tiers. Rho ensures that every business, regardless of size, has access to a real human point of contact for urgent banking and card issues. Ramp users on the free plan often rely on automated help centers or general support queues.

Rho Treasury provides automated, competitive yield with next-day liquidity, while Ramp’s cash management features are often gated behind paid tiers. Rho integrates treasury management directly into the operating account, allowing idle cash to earn yield automatically. Ramp users often need to upgrade to Plus or Enterprise plans to unlock similar high-value cash management tools.

Ramp is a spend-management platform (cards, expenses, bill pay) with a business account attached; Rho is a banking platform (checking, savings, treasury) with cards, AP, and expense management built in. Key verified differences (2026-08-02): Cashback (Rho publishes a fixed matrix — up to 2% Cashback with Rho Platinum (terms apply); Ramp's rate is variable 0-1.5%, set per business and undisclosed until after you apply), pricing (Rho: no paid tiers; Ramp: free tier, then Plus at $15/user/mo plus an undisclosed platform fee), and treasury (Rho: up to 4.55% as of 08/02/2026, from a $100,000 minimum).

Ramp's flat 1.5% ended in May 2024. The current rate is variable, 0%-1.5%, set per business based on Ramp's assessment of your company — Ramp confirmed the range to NerdWallet (June 2026) and declines to publish tier rates; you learn your rate after applying. Rho publishes its full matrix up front (verified 2026-08-02): Rho Card with Daily Terms 2% with Rho Platinum (up to $1M in eligible spend per year, terms apply) or 1.5% standard; Monthly Terms 1.75% with Platinum or 1.25% standard; full statement balance paid on time.

The free tier is real and genuinely useful for small teams — cards, expense management, bill pay, QuickBooks Online and Xero sync (ramp.com/pricing, 2026-08-02). It stops being free when you need multi-entity, NetSuite/Sage Intacct, custom roles, or batch payments: those require Plus at $15/user/month plus a platform fee "based on team size" whose amount Ramp doesn't publish — and procurement is a paid add-on even on Plus. Rho includes AP, expense, and accounting automation with no software fees at any tier (verified 2026-08-02).

Rho: Webster Bank, N.A., Member FDIC — nationally chartered, founded 1935, $85.5B in assets (FDIC call report, 3/31/2026) — with savings swept across American Deposit Management Co.'s network of 400+ FDIC-insured institutions for up to $75M FDIC coverage per entity. Ramp: deposits sit at First Internet Bank of Indiana, Member FDIC, with API rails by Increase and an IntraFi sweep marketed as "tens of millions" in coverage — no exact cap published (ramp.com, 2026-08-02). Ramp's higher-yield Investment Account is explicitly not FDIC insured.

It covers the Rho Business Savings Account via ADM's sweep across a network of 400+ FDIC-insured institutions — deposits are auto-spread so no single bank holds more than the $250K insured limit (rho.co disclosures, 2026-08-02). Checking at Webster Bank, N.A. is FDIC-insured to the standard $250,000; Rho Treasury is a securities product — not FDIC-insured — held in your company's name through Rho's custodial partners, Apex Clearing Corp. and Interactive Brokers LLC (registered broker-dealers, Members FINRA/SIPC), SIPC up to $500,000. We publish the split so you can verify it; ask any provider for the same breakdown.

Rho Treasury: up to 4.57% as of 08/10/2026 (variable), U.S. Treasury Bills and Morgan Stanley and Vanguard money market funds (a securities product — SIPC-protected, not FDIC-insured), $100K minimum. Ramp’s business-account APY is rendered dynamically on its site and isn’t reliably published (a mid-2026 secondary figure was ~2%, unverified); its higher-yield Investment Account is not FDIC insured (ramp.com, 2026-08-02). Compare dated numbers, not headlines.

For bill payments, yes — Ramp's banking page says "unlimited free same-day ACH and international wires for bill payments" (2026-08-02); note the qualifier. Rho's pricing is flat and simple: $0 same-day ACH, $0 domestic wires, and 1% on foreign-currency transfers as the only standard payment fee (verified 2026-08-02).

Ramp is a charge card with no preset limit; underwriting keys on your linked cash balances, and the documented path to a higher limit is a Reserve Account — locking your own cash 1:1. Rho card limits are underwritten with monthly repayment terms and no personal guarantee (verified 2026-08-02).

If you're keeping your existing bank and want a free spend-management layer on top, Ramp's free tier is hard to argue with for a small team on QuickBooks or Xero. Its agent/AI tooling (hosted MCP server with audited write actions, public CLI) is genuinely ahead, its in-platform travel booking with price-drop rebooking is real, and international reimbursements cover 60+ countries in local currency (all verified on ramp.com/support, 2026-08-02).

When you want the bank and the spend platform to be the same system: published Cashback terms (up to 2% Cashback with Rho Platinum on Daily Terms, terms apply) instead of a rate assigned after you apply, no per-user or platform fees at any size, treasury yield from a $100K minimum (up to 4.55% as of 08/02/2026), a named $85.5B partner bank plus an up-to-$75M FDIC savings sweep, and a human on the phone on every tier (all verified 2026-08-02).

Rho is a fintech, not a bank; your money sits at chartered banks. Checking at Webster Bank, N.A. (Member FDIC, $85.5B — FDIC call report 3/31/2026), savings at ADM's network of 400+ FDIC-insured institutions (up to $75M per entity), treasury securities in your company's name through Rho's custodial partners (SIPC). If Rho ceased operating, deposits remain at the banks holding them and securities remain your company's property (rho.co, 2026-08-02). More than 8,000 businesses with $4B+ in deposits run on Rho (as published).

A real human, 24/7, on every account and tier at no cost: phone 1-855-7-GETRHO, in-app chat, or SMS. As of 2026-08-02, Ramp reserves premium support for paid tiers.