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Rho review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Rho suits US businesses that want plain, fee-free digital banking with a savings pot. No monthly charge of $0, federal deposit cover and free ACH and wires, though the savings rate of 1% is modest and the minimum deposit of $25,000 puts cash-heavy firms off.

Key facts

Best for
A US business that wants fee-free banking with FDIC cover and an interest-bearing savings pot.
Monthly fee
$0↗
Deposit protection
FDIC up to USD 250,000↗
Currency conversion fee
1%↗
Local account details
Us-ACH↗
Transfer fee
ACH and wires $0; optional $15 SWIFT fee; $30 international wire recall↗
Legal entity
Under Technologies, Inc. dba Rho Technologies↗
Headquarters
United States↗
Founded
2019↗
Support channels
Chat, Phone, Email, Help-centre↗
Audience
Business
Pricing model
No monthly fee
Features
Digital-only
Official website
rho.co

Savings

Headline rate
1%↗
Rate type
Variable↗
Minimum deposit
$25,000↗
Access terms
Unlimited transfers in from Rho checking, up to 6 transfers back to checking per month, typically within 2 business days; interest accrues daily and pays monthly↗
Account kind
Easy access↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInyoutube.comX

Pros and cons

Pros

  • No monthly charge of $0 on the business account
  • Deposits are protected by FDIC up to USD 250,000
  • Free ACH and wires, with currency conversion at 1%
  • Business banking runs through us ach for domestic payments

Cons

  • The business savings account asks for a minimum deposit of $25,000
  • Money can only be pulled from savings up to a set number of transfers each month
  • Digital-only service with chat, phone and email as the way in
Rho

Ready to try Rho?

Scored 8.8 / 10 by VaultCue.

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Who it suits

  • US registered businesses that want no monthly charge of $0
  • Companies that keep a reserve in savings and earn 1%
  • Firms comfortable with digital-only service and chat, phone and email

Who should look elsewhere

  • Businesses that want a higher savings rate, as the headline is 1%
  • Firms with under $25,000 to hold
  • Plazo ES, if a euro market matters more than US ACH

Who runs it

Rho is run by Under Technologies, Inc. dba Rho Technologies and is based in the US. It started trading in 2019 and is built for a business audience. The service is digital only, with no physical branch network. Help comes through chat, phone and email, so a person can pick their route to an answer.

How Rho compares

Where Rho is available

Available
United States

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Rho charge to run a business account?+

There is no monthly charge of $0 on the business account. ACH transfers and wires are free, and the only optional extra is a SWIFT fee, plus a charge to recall an international wire. Currency conversion sits at 1%.

Is my business money protected?+

Deposits are covered by FDIC up to USD 250,000, so the balance above that limit sits at risk. The account is operated by Under Technologies, Inc. dba Rho Technologies in the US, and support is available through chat, phone and email.

How do I get money into the savings account?+

Transfers in from Rho checking are unlimited, while transfers back to checking are capped at a set number each month and typically land within a few business days. Interest accrues daily and is paid monthly, and the account takes a minimum deposit of $25,000.

What interest do I earn?+

The business savings account pays a headline rate of 1%, and it is variable, so the figure moves rather than being locked in. It is an easy-access account, so the cash is not tied away for a term.

Who can open a Rho account?+

Rho is built for a business audience in the US, and the company was founded in 2019. The service is digital only, so there is no branch to walk into and everything runs through the app.

What are the limits on savings withdrawals?+

You can move money into the savings account from Rho checking as often as you like, but transfers out are limited each month and usually clear within a few business days. Anything beyond that limit needs another route out of the balance.

Sources

  • files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Br... checked September 26, 2026

    Backs: Deposit protection

  • rho.co checked September 26, 2026

    Backs: Founded, Headquarters, Pricing model

    “(c) 2019 - 2026 Under Technologies, Inc. DBA Rho Technologies”

  • rho.co/policies/terms-of-service checked September 26, 2026

    Backs: Audience, Legal entity

    “You must be a business, charitable organization or not-for-profit organization to be party to this Agreement and access to the Rho Services”

  • rho.co/pricing checked September 26, 2026

    Backs: Currency conversion fee, Monthly fee, Transfer fee

    “Applicable fees for the checking account include a $30 international wire recall fee, an optional $15 SWIFT fee, and a 1% foreign currency conversion fee”

  • rho.co/product/business-banking checked September 26, 2026

    Backs: Features, Local account details, Support channels

    “Apply online. The application takes less than 10 minutes. No branch visit, no paper forms, no faxing anything.”

  • rho.co/product/business-savings-account checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type

    “Unlimited transfers in from your Rho checking account - Up to 6 transfers back to checking per month”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Currencies.

Rho

Rho

A US business that wants fee-free banking with FDIC cover and an interest-bearing savings pot.

8.8/10See alternatives