General Info and FAQs

Transfer FAQs

  • If you'd like to set up bulk transfers from your Rho account, reach out to us at 855-7-GETRHO or at to discuss your specific needs. Bulk transfers are only permitted on a case-by-case basis, and companies need to be in compliance of any relevant laws and regulations.

  • In your Rho dashboard, navigate to the Banking tab > All Recent Activity > View All.

  • Yes, you can. To link a business PayPal account to Rho, first log into PayPal. Find the 'Pay & Get Paid' tab. Then, select 'Banks & Cards' and 'Link a New Bank.' Under the list of banks to connect, you will need to type in any mix of letters (eg. abcdefghi) in the search bar in order to prompt the option 'Don't see your bank here?'. Once you see that option, click that to enter your Rho routing and account number details. When connecting your Rho account, double-check that the name of the entity on your PayPal account explicitly matches the name of the entity on your Rho account. Micro-deposits will be used to link your account. The Micro deposits should appear in your Rho account from PayPal within 2-3 business days. Once they arrive you can log back into PayPal to confirm the amounts you received. Your connection will then be active.

  • While ACHs and Domestic Wires are both domestic payments, there are a few differences between these types of payments:

    1. They run on different networks

    An ACH transfer (a.k.a. direct deposit) is a method of sending funds from one bank to another using the Automated Clearing House (ACH) network. To process an ACH transfer, a request is made from the payor’s bank account. Then, funds are sent via the ACH network to a recipient’s bank. The Automated Clearing House network is a network of financial institutions, including banks and credit unions, that are batching transactions between them, guided by the rule-making organization, Nacha. ACH is a US-only network, thus not available for vendors outside the United States.

    Wire transfers are electronic interbank payments used to transfer funds directly from one entity’s bank account to another’s. Wire instructions include the bank account number and ABA bank routing number for the vendor receiving the money.

    Wire transfers are individual requests, while ACH transfers are handled in batches. For example, employee payroll checks are often directly deposited using ACH transfers.

    2. Banks may have different routing numbers to accept ACHs or wires

    As these are two different types of payments, many banks have different routing numbers reserved for receiving ACHs, separate from the routing number they use to receive wires. Before sending a payment, be sure to check that the routing number you have for the recipient bank accepts ACHs, wires, or both.

    3. Fees

    While Rho does not charge for sending and receiving ACHs or wire, other banks may have sending/receiving fees for these transfers. In general at other banks, ACH transactions are lower cost than wire transfers.

    4. Settlement times

    Each financial institution sets its cutoff time policy for sending same business day bank wires. With wire payments, funds are immediately available within 24 hours upon arriving in the vendor's bank account. At Rho wires sent prior to 3pm EST will arrive same-day. Wires sent after 3pm EST will land the next business day.

    ACHs sent prior to 2pm EST will land same-day. ACHs sent after 2pm EST will land within 1-3 business days.

    5. Ability to recall or dispute a payment

    ACHs are much easier to recall or dispute.

    Once funds have been wired, because of the immediacy, recalling erroneous transactions is much more difficult.


    Wire transfers and ACH transfers serve different needs. Wire transfers are best when speed and certainty are critical. ACH payments are good for small, frequent payments. As long as everybody involved trusts each other, it’s cost-effective to use this automated system. Common examples of ACH payments include:

    • Direct deposit of employee pay or benefits from Social Security

    • Automatic monthly bill payments to utilities, lenders, and other service providers

    • Moving money between your accounts at different banks

    • Automatic contributions to retirement accounts or education savings accounts

    Some merchants and organizations also like ACH transfers for one-off payments to avoid their bank's recipient wire fees.