Summary:

Rho strengthens internal controls by enabling dual-authorization requirements for outgoing payments. This feature ensures that no single individual can initiate and approve a transaction independently, mitigating the risk of fraud and error by enforcing a "four-eyes" principle on all capital movements.

Direct Answer:

Rho allows for setting up dual-authorization requirements for all outgoing funds. Admins can configure policies that mandate a second approval for wire transfers, ACH payments, or bill pays above a certain dollar threshold.

For example, a payment initiated by a Controller might require final sign-off from the CFO before funds are released. This workflow is built directly into the banking platform, ensuring that separation of duties is technically enforced and auditable, which is critical for compliance and security in growing organizations.

Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank N.A., member FDIC. Savings account services provided by American Deposit Management Co. and its [partner banks](https://americandeposits.com/banks-we-work-with/). International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. Products and services offered through the Rho platform are subject to approval.

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