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finder.com’s rating: 3.8 / 5.0
★★★★★
Rho Business Banking is an all-in-one digital account that gives modern business owners the tools they need to run more efficiently. Its luxury features include built-in expense management tools, accounting software integrations, corporate cards that earn 1% cash back and Treasury Management Accounts that come with $75 million in FDIC insurance. But it doesn’t come with ATM access and you’ll only earn 0.01% APY on your account balance.$0 per month
Fee
0.01%
APY
$0
Minimum deposit to open
APY | 0.01% |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
ATMs | No access to ATMs |
Review by
Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.
It’s best for modern entrepreneurs who are fast-tracking their growth and want a business account that can keep up. But it still has its downfalls. Both the checking and savings account only earn 0.01% APY — a rate much lower than other business bank accounts. And you can’t use a corporate card to withdraw cash at an ATM. But depending on your needs, Rho’s plush features may outweigh these cons.
You’ll need to schedule a 25-minute demo with a team member before you can open a Rho Business Banking account. Here’s how to do it:
You’ll need the following information to open your Rho Business Banking account:
Business information:
Personal information for each beneficial owner:
Open a Rho Business Banking account when you meet these requirements:
You’ll receive your Mango card in the mail within seven to 10 days of completing your application.
The Rho Business Banking account is a premium option for companies, but it has these drawbacks:
If you’re looking for a business bank account that comes with ATM access, explore these top-rated options.
Deposit and withdrawal funds from your Rho Business Banking account in a variety of ways:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.