Receiving Funds

Transferring Money From a Linked Account To Rho

Rho allows you to effortlessly move money from any linked external account right into your Rho checking account. You can choose between an instant transfer or schedule one for a later time, as well as set the transfers to be recurring transactions. Rho processes these transactions as ACH transfers, keeping your financial activities swift and seamless.

Settlement Time: Linked Account transfers can take 3-5 business days to settle.

For more information about linking an external account, see How to connect to an external bank account.

To transfer funds, click the Banking icon from the Rho toolbar, then select the desired account on the left side of the page. Click the Move Funds button in the upper-right corner of the screen, choose the Deposit option, and click on Use Linked Accounts.

Screenshot 2024-05-16 at 19.11.37.png

Screenshot 2024-05-16 at 19.11.47.png

Specify the deposit information, and then click Continue.

How much would you like to transfer?

Enter the amount of money to be transferred from the linked account to your Rho account in US Dollars.

Transfer From

Click the drop-down list to select the linked account that the money is transferred from.

Transfer To

Click the drop-down list to select the Rho account that the money will be deposited into.

How often?

By default, the money is scheduled to be transferred only once (One Time Only). To specify a recurring transfer, click the drop-down list and select the desired frequency:

- One Time Only (default)

- Every day

- Every week

- Every month

- Every year

When should it go through?

By default, the money is scheduled to be transferred immediately (Now). To specify a later date, click Later and then specify the desired date.

All immediate transfers are displayed on the Banking tab in the transactions table, and all scheduled transfers will be displayed under the Scheduled Transfers tab in Banking.

Note: If you schedule a recurring transfer using the How often? field, Rho bases the transfer on the date specified in the When should it go through? field. For example, if you schedule a monthly transfer (Every Month) with a scheduled date of 01/01/2024, then the first recurring transfer will occur on 02/01/2024.

 

Confirm Transfer Details
A confirmation page displays, click Confirm Transfer if the information is correct.

 

Note: If you have multiple checking accounts under one Business, you will not be able to directly link a "sub-account" to an external account. All external accounts are linked to the Rho account as a whole (subs included). However, when going to "deposit funds" in your Banking tab using our linked account feature, you can choose which sub-account to send funds to, and from which linked external account the funds will originate.

Updated