Rho Business Checking Review

Business checking with $0 monthly fees and $0 domestic ACH, wire and check fees, from a fintech that banks through Webster Bank and Lead Bank.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 12, 2026.

Our verdict

Rho charges no monthly, per-user or minimum-balance fees and nothing on domestic ACH, wires or checks, so its costs sit in international payments: a $15 SWIFT fee, 1% to convert currency and $30 to recall an international USD wire. It is a fintech, not a bank. Checking is held at Webster Bank, a division of Santander Bank, N.A., and at Lead Bank, with FDIC coverage of $250,000 per entity at Webster, and Rho states no interest rate on checking. Rho serves US-incorporated businesses with an EIN and does not take sole proprietorships.

Skip it if you are a sole proprietor, want interest on your checking balance, or make a lot of international payments.

About Rho Business Checking

Business checking with $0 monthly fees and $0 domestic ACH, wire and check fees, from a fintech that banks through Webster Bank and Lead Bank. Rho Business Checking is offered by Rho. We could not find a published customer rating for it on Trustpilot or the Better Business Bureau, so none is shown.

Best for: Funded startups and finance teams that mostly make domestic payments.

Editorial grade: B (composite score 73/100).

Highlights

$0 monthly, per-user and minimum-balance fees, and $0 domestic ACH, wire and check fees (Rho's fee table, "as of October 9, 2026")
Rho is a fintech company, not a bank: checking and card services come from Webster Bank, a division of Santander Bank, N.A., and from Lead Bank, both members of the FDIC
Corporate cards earn up to 2% cashback with Rho Platinum, or up to 1.25% (Daily Terms) or 1% (Monthly Terms) on standard cards, on up to $1 million of eligible spend a year (terms apply)

What we like

No monthly, per-user or minimum-balance fees, and nothing charged on domestic ACH, wires or checks
Native QuickBooks Online, NetSuite, Sage Intacct and Puzzle connections, by Rho's list
Rho says every account includes 24/7 live human support
Can incorporate a Delaware C-Corp or LLC and open the account in the same flow

Where it falls short

International payments cost more: a $15 SWIFT fee (which Rho says is required in some corridors), a 1% foreign-currency conversion fee and a $30 recall fee on international wires in USD
Rho does not serve sole proprietorships. It needs an EIN, and a US-incorporated business with a US operating address or an owner in the US with a valid SSN
Rho states no interest rate on checking, and FDIC coverage is $250,000 per entity, not per account, at Webster Bank; funds at Lead Bank are covered only when the FDIC's pass-through conditions are met

Fees, minimums, and rates

Monthly fee: $0/month. Minimum to open: $0. Rates and fees last checked on October 12, 2026.

How we reviewed it

This is a desk review: we have not opened an account with Rho. It is built from Rho's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Business Checking shortlist. Our bank-account reviews weight APY (30%), fees (20%), access and convenience (15%), account features (15%), trust and safety (10%), and customer support (10%). The rubric is the same for every brand.

Not a bank. Deposits are held at these banks

Santander Bank, FDIC certificate 29950: capital, loan quality, every office and the complaint record.
Lead Bank, FDIC certificate 8283: capital, loan quality, every office and the complaint record.

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Read our full editorial methodology for how we review products.