# Rho Business Checking Account — Under Technologies, Inc. DBA Rho Technologies

**Monthly Fee:** No monthly fee
**Free Transactions:** Unlimited — ACH (same-day and next-day), domestic wires, and incoming international wires are all $0
**Minimum Opening Deposit:** $0
**Entity Types Accepted:** LLC, C-Corp, S-Corp
**FDIC Insured:** Yes — up to $250,000 per depositor per ownership category (standard); up to $5,000,000 with optional treasury sweep
**Availability:** All 50 U.S. states
**Apply:** https://bancadia.com/go/rho/business-checking

## Key Features

### Payment Rails
- Same-Day ACH included at no charge with no per-transaction fee and no monthly volume limit
- Domestic wire transfers at $0 with no per-transaction fee and no monthly count limit
- International wire transfers available: $15 optional SWIFT fee per transaction; 1% foreign currency conversion fee for non-USD transfers via Wise US Inc.; additional correspondent/intermediary bank fees may apply for USD international wires
- Platform-initiated outbound check payments at no charge; traditional personal checkbook not available

### Cards & ATM
- Rho Corporate Cards (Mastercard) issued by Webster Bank, N.A. pursuant to a Mastercard license and subject to approval; earns up to 1.5% cashback on all eligible spend (international transactions excluded)
- Both physical and virtual Rho Corporate Cards available with unlimited cards per account; supports Apple Pay and Google Pay; per-card spend limits configurable
- No physical debit card tied to the deposit account
- No ATM access — Rho cards cannot be used for ATM cash withdrawals or cash advances

### Online Banking
- Full-featured online banking platform with dashboard, transaction history, multi-account view, cards, vendors, departments, and treasury modules; mobile app available on iOS and Android
- Dedicated onboarding support with response times under a minute; ongoing access to accounts, cards, and treasury management tools

### Fraud Protection
- Multi-layered fraud prevention including proactive spend controls, card-level spend limits, and automated transaction monitoring
- Positive Pay available — check fraud protection matching issued checks against presented items before honoring payment
- ACH Debit Block available — protects the account against unauthorized ACH debits initiated by third parties

### Account Management
- No overdraft fees or NSF fees; transactions that would overdraw the account are blocked at the point of payment rather than covered and charged a fee
- Sub-accounts supported for departmental or cost-center segmentation
- Multiple accounts allowed per entity

### Platform Integrations
- AP automation, expense management, and accounting automation included at no additional cost; integrates natively with QuickBooks Online, NetSuite, and Sage Intacct
- Rho Bill Pay: in-platform bill payment feature at no additional cost for outbound vendor payments
- Rho Close: AI-powered automatic transaction categorization that codes transactions as they arrive

## Fee Schedule

| Fee Type | Amount | Notes |
|----------|--------|-------|
| Monthly Maintenance | $0 | No monthly fee; no minimum balance requirement |
| Overdraft | $0 | Transactions that would overdraw the account are blocked; no overdraft fees |
| Non-Sufficient Funds (NSF) | $0 | No NSF fees; declined-at-payment model eliminates surprise charges |
| Domestic Wire (Outgoing) | $0 | Unlimited; no per-transaction fee; no monthly count limit |
| Domestic Wire (Incoming) | $0 | |
| International Wire (Outgoing) | $15 SWIFT optional + 1% FX (non-USD) | $15 optional SWIFT fee per transaction; 1% foreign currency conversion for non-USD via Wise US Inc.; additional intermediary bank fees may apply |
| International Wire (Incoming) | $0 | |
| Stop Payment | $0 | |
| Card Replacement | $0 | Applies to Rho Corporate Cards (Mastercard) |
| Foreign Transaction | 1% via Wise | Applies to non-USD international transfers; in addition to any SWIFT fee |
| ATM (Foreign) | N/A | No ATM access provided on Rho accounts |

## Eligibility

- LLC
- C-Corp
- S-Corp
- U.S.-based business required
- No minimum time in business required
- No minimum annual revenue required

## Who Is This Account Best For?

### Series A/B Tech Companies (C-Corps) with a Finance Team and High AP Volume
A Series A or B tech company incorporated as a C-Corp with 15–50 employees that needs to manage large volumes of vendor payments, payroll disbursements, and expense reimbursements from a single platform. Rho's $0 domestic wire fee with no monthly count limit eliminates per-transaction wire costs that compound quickly at $15–$35/wire at traditional banks. Native AP automation and QuickBooks Online, NetSuite, and Sage Intacct integrations allow a lean finance team to close the books monthly without manual reconciliation. Positive Pay provides check fraud protection for companies managing multiple authorized signers, and the Rho Corporate Mastercard — earning up to 1.5% cashback — turns operating spend into measurable return.

### Professional Services Firms (LLCs and S-Corps) with International Vendor Payments
A management consulting firm, law firm, or staffing agency structured as an LLC or S-Corp that sends 10–20 international wire payments per month to overseas subcontractors or correspondents. Rho's $15 optional SWIFT fee per international wire — compared to $35–$65 at most banks — reduces international payment costs meaningfully at volume, and non-USD transfers via Wise US Inc. add only a 1% FX conversion fee. AP automation and spend controls let principals delegate payment approval workflows without granting full banking access, while Rho Bill Pay centralizes outbound vendor payments in one in-platform tool.

### VC-Backed Startups (C-Corps) Prioritizing Spend Management and Treasury Visibility
A pre-revenue or early-revenue C-Corp that needs to control expenses across departments and contractors from day one, without a traditional finance team. Rho's integrated spend management platform — AP automation, Rho Corporate Cards with per-card limits, and AI-powered transaction categorization via Rho Close — gives founders and an early-stage CFO real-time visibility into cash burn. The optional treasury sweep extends FDIC coverage up to $5,000,000, a meaningful backstop for companies holding seed or Series A capital between deployment milestones. No minimum revenue, no minimum time in business, and $0 monthly fee mean Rho is accessible from incorporation.

## Bancadia Verdict

Rho Business Checking Account is the strongest option for growth-stage startups, professional services firms, and tech companies that need a zero-fee spend management platform with enterprise-grade AP automation, Positive Pay fraud protection, and deep accounting integrations for QuickBooks Online, NetSuite, and Sage Intacct. The $0 monthly fee, $0 domestic wires, and unlimited same-day ACH eliminate transactional banking costs entirely, while Rho Close's AI-powered transaction categorization and in-platform bill pay reduce the finance team's operational workload. The extended FDIC coverage up to $5,000,000 with the optional treasury sweep provides meaningful deposit protection for companies holding significant capital. Rho is not the right fit for businesses that regularly handle cash (cash deposits are not available), require ATM access (no ATM network), need a physical debit card tied to the deposit account, or require FedNow or RTP Network instant payment rails (not supported). S-Corp-only businesses and sole proprietorships are not eligible — Rho accepts LLCs, C-Corps, and S-Corps only.

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*Data sourced directly from Under Technologies, Inc. DBA Rho Technologies. Last verified: July 2, 2026.*
*Bancadia earns a commission if you open an account through our links. This does not affect our editorial assessment.*