Does Rho support DACA accounts?
April 24, 2025
A Deposit Account Control Agreement (DACA) is a financial arrangement used by lenders to secure lines of credit backed by receivables and/or inventory. This setup allows lenders to seamlessly collect repayment when funds are deposited into a specified operating account. Rho, in partnership with Webster Bank N.A., is pleased to offer DACA accounts.
Types of DACAs Available
Springing DACAs: Rho currently offers only Springing DACAs. This type of DACA activates under certain conditions, allowing the lender to take control of the account.
Fully-Blocked DACAs: Rho does not support fully-blocked DACA at this time.
If you are interested in setting up a DACA account or have further inquiries, please reach out to our client service team via email.