How to set up your Rho account in 5 steps.
Thank you for choosing Rho. Wire transfers, payments, corporate cards, employee expenses, and team budgets can all be managed within your Rho account.
Here's how to get started.
Step 1: Funding your checking account.
First up, you need to fund your account. You can fund the account using one of the following two options:
Option No. 1: Use a wire or ACH initiated by your external bank.
We’ve partnered with Evolve Bank and Trust to provide our checking account facilities. Therefore, please make sure to provide the specific wire instructions that can be found in your dashboard. For more information about funding your account via initial wire transfer, see How do I send money to my Rho Account?
Option No. 2: You can also fund your Rho Account with a linked external business account. For more information about linking to an external bank account, see How do I link an external bank account?
Step No. 2: Creating Corporate Cards
Step 3: Add team members, and set permissions
Give your administrators, employees, budget owners, investors, bookkeepers, and accountants access to Rho. Make finances simple and frictionless by collaborating with your whole team. Rho's roles and permissions let you do this safely.
We have settings for six different roles at your company. Read about how to add new team members here.
Step 4: Get started with payments.
In the "Transfers" section of your Rho account, you can get started sending wires, ACHs, and checks. Here's how to send domestic wires, and how to send ACH payments. Here is how to create an international wire.
Step 5: Set up Budgets
Track every penny your team spends. Create Budgets, and then connect those budgets to corporate cards for everyone you work with.
Here is how to create a new Budget.
Once you've created a budget, assign a group of employees' corporate cards to it. As your employees spend, their cards will deduct straight from the budget.
That's it! You're up and running. Questions? Reach out to Rho any time at Bank@Rho.co, or by calling 1 (855) 7-GETRHO. Business bankers are available Monday through Friday, 8:00AM ET to 8:00PM ET.