Treasury FAQ

Is Treasury a bank account?

No, Treasury is not a bank account. With Treasury, you can invest your business’s idle cash in government-backed treasury bills.

What information is required to apply?

Applying for a Treasury account with Rho will require you to provide standard KYC information, which includes SSN/TIN.

Where is my money custodied with Treasury?

Your funds are custodied in your company’s name at our broker-dealer partner, Apex Clearing Corp.(post-July 2024), or Interactive Brokers LLC (pre-July 2024).

Are my assets pooled with other clients’? Do you invest in ETFs or Money Market funds?

No. Securities are held directly in your business’s name​ in your Treasury account and are not pooled with those of other clients (e.g., in ETFs or Money Market Funds). With Treasury, you know exactly what assets you own, and how much you own of each type.  

Who has rights to move funds from my Treasury account?

Funds can only be transferred to and from your Rho Checking account by individuals to whom you have authorized access.

What protection do I have on my Treasury assets?

Securities Investor Protection Corporation (SIPC) insurance protects against the loss of cash and securities (e.g., stocks and bonds) held at a SIPC-member brokerage firm, such as Apex Clearing Corp, a broker-dealer. The SIPC protection limit is $500,000, which includes a $250,000 limit for cash. SIPC does not protect against the decline in value of your securities. In the event of any loss of the assets in your brokerage accounts, any applicable insurance policy or policies may not cover all or any portion of such losses, and there is no guarantee that you will receive all or any portion of your invested principal or any returns on your invested principal.

What securities do I hold in my Treasury account?

The Securities you hold will generally be restricted to U.S. treasury bills.

What happens when I need to withdraw funds from my Rho Treasury account?

You can withdraw your funds and sell your treasury bills at any time and you should be able to access the funds within 2-3 business days. If you sell your treasury bills, you should be able to access the funds within 2-3 business days. Treasury bills sold before maturity are sold at market prices, which can fluctuate. That means that any treasury bills sold before maturity may lose value compared to your principal investment amount due to factors including, but not limited to, fluctuations in interest rates.

Can I get my accountant set up with Treasury?

Absolutely, you can set your accountant up with a read-only Treasury account. They will be able to access your monthly statements and the other information they need.

Can I Close my Account?

You can close your Treasury account at any time by contacting Rho. Keep in mind that if you close your account and sell your treasury bills before maturity, they’re sold at market price, which fluctuates. That means they may lose value compared to your principal investment amount. Once we have your request, it should take 2-3 business days to sell your treasury bills and close your Treasury account.

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Treasury
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Rho 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.
The Rho Corporate Card is issued by Webster Bank N.A., member FDIC pursuant to a license from Mastercard.
Investment 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.
© 2019-2024 Under Technologies, Inc. DBA Rho Technologies. Rho is a trademark of Under Technologies, Inc.

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Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.