Our rates

Rho Account (Checking) APY

0.01%

FDIC insurance coverage per client Rho Account

$250,000

FDIC insurance coverage per client Treasury Management Account

$75mm

Account minimum balance

$50k For domestic-owned companies $100k For internationally-owned companies.

Remote check deposit limit

Each Rho Account may only receive up to $15,000.00 USD per day in check deposits (Example: one check for $15,000.00 USD, 3 separate checks for $5,000.00 USD may be deposited in a single day, etc).

  • You may deposit amounts in excess of $15,000.00 USD if you notify Rho in advance and Rho approves in writing. If a large check needs to be deposited, you may contact ClientService@Rho.co. The Client Service Team and Compliance Team will review your request and grant or deny it. Please note, the check will display as “canceled” in your Rho Account unless approved by Rho.

Permitted withdrawals per month from Rho Treasury Account

6

Our fees

ACH Fee

$0

Same-Day ACH Fee

$0

Domestic Wire Fee

$0

International USD Wire Fee

$0*

FX Fee

0.5% for most currencies

0.75% for Asia-Pacific currencies

Bill Pay

$0

Additional cards and users

$0

ATM Fees

Rho Business Banking does not support ATM withdrawals.

Card Transactions

There are no fees for Rho card transactions, however international purchases do not earn cash-back.

Failed Wire and Recall Fees

Each failed wire transaction that is returned to your account will incur a $30USD fee.

Each wire that is sent in error and requires a recall to obtain the funds back to the originating account will also incur a $30USD fee.

*Correspondent or beneficiary bank fees may apply.

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