Rho is a fintech business banking platform, not a bank, offering online business checking accounts to US-incorporated businesses. Rho business checking has no monthly, per-user, or minimum balance fees, and domestic ACH, wires, and checks cost $0.
Apply online. For US-incorporated businesses.
What you get with Rho's Business Checking Account
- 01
Gather your documents
Have your EIN or SS-4 (the EIN application) ready.
- 02
Check eligibility
Rho serves US-incorporated businesses with a US operating address, or with one owner in the US who has a valid SSN. Sole proprietorships are not served.
- 03
Apply online
Apply on rho.co.
- 04
Fund and start
Once your EIN is on file, send ACH and wires, connect your accounting software, and add checking sub-accounts for payroll and taxes.
Rho needs your EIN or SS-4 to process your application.
- You can deposit before your EIN is uploaded, but you cannot move money until it is.
- If you incorporate through Rho, the SS-4 is prepared and submitted for you after incorporation, and your account can open before the EIN arrives, subject to approval.
Rho business checking pricing: $0 monthly fees
- $0 domestic ACH, wires, and checks (Rho prints and mails checks)
- Banking, corporate cards, expense management, and Bill Pay at no software cost
- Native NetSuite, QuickBooks Online, Sage Intacct, and Puzzle integrations
- Up to 2% cashback¹ with Rho Platinum (terms apply), on up to $1M in eligible annual card spend
- 24/7 live human support by phone, chat, and email, at no cost
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.
| Rho | |
|---|---|
| Monthly account fee | $0 (no monthly, per-user, or minimum balance fees) |
| Outgoing domestic wire fee | $0 |
| ACH fee (domestic) | $0 |
| Minimum balance | No minimum balance fees |
| FDIC insurance on checking | Up to $250,000 per depositor, per FDIC-insured bank, per ownership category, for funds held at Lead Bank, and up to $250,000 per entity for funds held at Webster Bank, a division of Santander Bank, N.A., subject to conditions (see disclosure below) |
| Rho | Mercury | Bluevine | Relay | |
|---|---|---|---|---|
| Monthly account fee | $0 (no monthly, per-user, or minimum balance fees) | $0 (optional paid plans) | $0 on Standard; Plus $30, Premier $95 (waivable) | $0 on Starter; $30 Grow; $90 Scale ($120 regular) |
| Outgoing domestic wire fee | $0 | $0 | Up to $15 | $8 on Starter; $5 on Grow and Scale |
| ACH fee (domestic) | $0 | $0 | Same-day ACH: up to $10 | Same-day ACH: $1 Starter, $0.50 Grow, included on Scale |
| Minimum balance | No minimum balance fees | No minimum balance | No minimum balance | No minimum balance |
| FDIC insurance on checking | Up to $250,000 per depositor, per FDIC-insured bank, per ownership category, for funds held at Lead Bank, and up to $250,000 per entity for funds held at Webster Bank, a division of Santander Bank, N.A., subject to conditions (see disclosure below) | Up to $5M via partner-bank sweep network | Up to $3M per depositor | Up to $3M via sweep program |
Choose Rho if you are a US-incorporated business that wants no monthly, per-user, or minimum balance fees, native accounting integrations, and 24/7 live human support. Choose a branch bank if you deposit cash regularly. Competitive data collected from Mercury, Bluevine, and Relay websites as of October 18, 2026, and may change. The Rho Business Savings Account is a separate account from checking and is not compared in this table.
Rho business checking has no monthly, per-user, or minimum balance fees. Domestic ACH, domestic wires, and check payments cost $0, and Rho prints and mails checks on your behalf through Bill Pay.
Rho's banking, corporate cards, expense management, and Bill Pay come at no software cost. International wires in USD work differently: Rho does not charge a transaction fee, but recipient, correspondent, or intermediary banks may.
When you compare any account, ask for the full list: monthly maintenance, minimum balance, per-user, ACH, wire, and check fees.
- $0 monthly, per-user, and minimum balance fees
- $0 domestic ACH, domestic wires, and check payments
- No Rho transaction fee on international wires in USD; recipient, correspondent, or intermediary banks may charge fees
| Fee type | What Rho charges |
|---|---|
| Monthly maintenance | $0 |
| Minimum balance fees | $0 |
| Per-user fees | $0 |
| Domestic ACH | $0 |
| Domestic wire | $0 |
| Check payments | $0 (Rho prints and mails checks on your behalf through Bill Pay) |
| International wire transaction fees | Rho does not charge them. Recipient, correspondent, or intermediary banks may charge fees. |
| Fee type | What Rho charges |
|---|---|
| Monthly maintenance | $0 |
| Minimum balance fees | $0 |
| Per-user fees | $0 |
| Domestic ACH | $0 |
| Domestic wire | $0 |
| Check payments | $0 (Rho prints and mails checks on your behalf through Bill Pay) |
| International wire transaction fees | Rho does not charge them. Recipient, correspondent, or intermediary banks may charge fees. |
Rho serves US-incorporated businesses. You need a US operating address, or one business owner in the US with a valid SSN. Sole proprietorships are not served. Rho needs an EIN or an SS-4 to process your application, and you cannot move money until your EIN is uploaded. You can form an LLC or C-corp through Rho if you have not incorporated yet.
Banks and fintech platforms must verify the business and the people behind it.
An LLC needs its own account. Mixing personal and business funds weakens the legal separation an LLC exists to create.
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services are provided by Webster Bank, a division of Santander Bank, N.A., Member FDIC, and by Lead Bank, Member FDIC.
Funds held at Lead Bank are eligible for FDIC pass-through deposit insurance up to $250,000 per depositor, per FDIC-insured bank, per account ownership category, subject to applicable conditions. For funds held at Lead Bank, coverage is shared across all of a business's Rho checking accounts there, including checking sub-accounts. Funds held at Webster Bank, a division of Santander Bank, N.A., are FDIC-insured up to $250,000 per entity, not per account, subject to FDIC limitations and requirements.
FDIC deposit insurance coverage is available only to protect you 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 any other third party.
The Rho Business Savings Account is a separate account from checking, with up to $75M in FDIC deposit insurance capacity through American Deposit Management Co. and its partner banks. That is capacity, not a guarantee, and it does not apply to checking.
- Every account includes 24/7 live human support by phone, chat, and email, at no cost.
To choose a business checking account, compare fees, FDIC structure, cash and branch access, and accounting integrations; Rho business checking has $0 monthly, per-user, and minimum balance fees.
For a side-by-side of fintech options, see the Mercury, Brex, and Rho comparison.
- How deposits are insured, and which banks hold them.
- Whether you need branches or regular cash deposits. If so, a bank with a branch network may fit better.
- Which accounting software connects natively. Rho connects natively to NetSuite, QuickBooks Online, Sage Intacct, and Puzzle, with bank feeds to Xero and QuickBooks Online.
- Whether the account fits how you operate. Rho is an online banking platform, and its mobile app supports check deposit, ACH and wire sending, card controls, and receipt upload.
Rho has native integrations with QuickBooks Online, NetSuite, Sage Intacct, and Puzzle. Rho also supports bank feed connections to Xero and QuickBooks Online. A bank feed sends transactions into your accounting software. A native integration connects Rho to your accounting software directly.
For platforms without a first-party integration, Rho offers a read-only API, available to every Rho business. Account Owners and Admins create the tokens, and the API cannot initiate payments.
- Native integrations: QuickBooks Online, NetSuite, Sage Intacct, and Puzzle
- Bank feed connections: Xero and QuickBooks Online
| Accounting system | How Rho connects |
|---|---|
| QuickBooks Online | Native integration and bank feed connection |
| NetSuite | Native integration |
| Sage Intacct | Native integration |
| Puzzle | Native integration |
| Xero | Bank feed connection only |
| Accounting system | How Rho connects | Notes |
|---|---|---|
| QuickBooks Online | Native integration and bank feed connection | Both connection types are available. |
| NetSuite | Native integration | Native, not a bank feed. |
| Sage Intacct | Native integration | Native, not a bank feed. |
| Puzzle | Native integration | Native, not a bank feed. |
| Xero | Bank feed connection only | Rho sends transactions to Xero. Xero is not a native Rho integration. |
Apply online, with no monthly fees.
Frequently asked questions
Rho business checking has no monthly fees, no per-user fees, and no minimum balance fees, and domestic ACH, wires, and checks cost $0. The best account depends on your needs: compare fee schedules, FDIC structure, cash and branch access, and accounting integrations before you choose.
Rho business checking charges $0 for monthly, minimum balance, per-user, domestic ACH, domestic wire, and check payments. On any account, watch for monthly maintenance, minimum balance, per-user, ACH, wire, and check fees. International wires in USD can carry fees set by recipient, correspondent, or intermediary banks.
Rho business checking is built for US-incorporated businesses, with no monthly, per-user, or minimum balance fees and native NetSuite, QuickBooks Online, Sage Intacct, and Puzzle integrations. If you handle regular cash, a branch bank may fit better.
On Rho, you can deposit before your EIN is uploaded, but you cannot move money until it is. An EIN or SS-4 (the EIN application) is needed to apply. If you incorporate through Rho, the SS-4 is prepared and submitted for you after incorporation and your account can open before the EIN arrives, subject to approval.
To open Rho business checking you need a US-incorporated entity, a US operating address or one owner in the US with a valid SSN, and an EIN or SS-4 to apply. Your EIN must be uploaded before you can move money. Sole proprietorships are not served.
No. Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services are provided by Webster Bank, a division of Santander Bank, N.A., Member FDIC, and by Lead Bank, Member FDIC.
Funds held at Lead Bank are eligible for FDIC pass-through deposit insurance up to $250,000 per depositor, per FDIC-insured bank, per account ownership category, subject to applicable conditions. Funds held at Webster Bank, a division of Santander Bank, N.A., are FDIC-insured up to $250,000 per entity, not per account, subject to FDIC limitations and requirements. The Rho Business Savings Account is a separate account with up to $75M in FDIC deposit insurance capacity, which is capacity, not a guarantee. FDIC deposit insurance coverage is available only to protect you 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 any other third party.
Rho is an online banking platform, so a traditional bank may fit better if you take regular cash deposits or want in-person service. If you run digitally, Rho offers $0 monthly, per-user, and minimum balance fees, native accounting integrations, and 24/7 live human support by phone, chat, and email.