Treasury Accounts (also known as ICS / Insured Cash Sweep Accounts) are Rho business accounts designed for clients who are depositing over $250,000 into Rho accounts, that can offer FDIC insurance up to $75 million. Typically, Rho clients who utilize these accounts maintain a balance in their Rho Account for their monthly expenditures and then deposit additional funds into their Treasury Account to take advantage of the higher levels of FDIC insurance.
Treasury Accounts are limited to 6 outbound transactions (transfers) per month. However, there is no limit to the number of inbound transactions.
Typically funds transferred from your Rho account can take 1-2 days to settle.
Viewing account details
To view the current balance of your Treasury Accounts, as well as any recent pending transactions, click the Treasury Account tab from the Rho Business Main Page to view the Treasury Account page.