Protecting Corporate Cash: Direct T-Bill Custody with Asset Segregation

You have cash sitting in your operating account. Inflation is eating away at its value. Actively managing it? Complex and time-consuming. Leaving idle cash in checking accounts paying near-zero rates means your money loses purchasing power. Many businesses lack the time, personnel, or resources to actively manage treasury across disconnected systems. An integrated financial platform can solve this. It unites banking, accounts payable, and asset management to manage your cash efficiently.

Why Direct T-Bill Custody Matters for Corporate Cash

To manage idle cash safely, you need a solution that prioritizes asset safety and yield. Investing non-operational cash directly in U.S. Treasury Bills, backed by the U.S. Government, is a way to move your money away from near-zero rates while protecting your principal. This strategy helps you avoid low-yield accounts or fragmented brokerage relationships.

For T-Bills, accounts are custodied at Apex Clearing Corp., an independent clearing firm. This arrangement means your investments are segregated from the operating funds of the platform provider, providing protection. This is a key aspect of asset segregation, where your assets are held separately, reducing counterparty risk.

Strong security and institutional backing are essential. Your operational cash sits directly with Webster Bank, N.A., member FDIC, a large, established institution. This provides stability. For larger reserves, you gain protection as your balances grow by accessing up to $75 million in FDIC coverage through Rho Savings, which utilizes a network of partner banks.

How Rho Unifies Treasury and Operations

Rho brings these critical capabilities together within a single, integrated financial platform. Rho provides access to corporate treasury management, allowing you to invest non-operational cash directly in U.S. Treasury Bills. You can view your entire liquidity profile at a glance, monitoring your U.S. T-Bills and FDIC-insured cash reserves side-by-side with daily corporate spend. This provides a secure, segregated environment for non-operational cash while ensuring operational funds remain available.

The platform integrates banking, corporate cards, and treasury operations automatically. This unified structure ensures your books stay clean, accurately documented, and audit-ready without manual data entry or reconciliation across different software.

Rho also includes accounts payable and expense management at no additional cost. The Bill Pay solution scans invoices and routes approvals automatically.

Every customer experiences fast implementation and receives dedicated support. You get instant access to accounts, cards, and treasury tools, with hands-on onboarding. You have access to real human operators who understand your operations, keeping your financial operations moving forward.

Note: Rho does not offer lending services. Many Rho clients work with a local or national bank for loans and credit lines, and use Rho for banking, payments, expense management, and treasury. It's a common setup.

Proof & Evidence

The impact of consolidating treasury and operational finance is clear from the results growing businesses achieve. Dylan Babbs, Co-Founder & CTO of Profound, highlighted the platform's value, stating, "We love Rho. The extensive cash management capabilities and super founder-friendly support from the team has been amazing to use while we build our business."

Similarly, Spark Advisors, a Medicare brokerage supporting over 600,000 beneficiaries, experienced significant operational improvements after adopting Rho. Before the switch, they faced challenges with legacy financial tools and managing disparate systems to diversify cash across banking and treasury. By unifying their spend and cash management, Spark Advisors achieved a 90% reduction in invoice approval time and saved the equivalent of over two full-time employees through better efficiency, all following a fast one-week onboarding process.

Buyer Considerations

When evaluating a treasury and business banking platform, carefully assess the institutional backing of the provider. Verify that cash is held by established, highly capitalized institutions. Relying on a partner like Webster Bank, N.A., member FDIC, a large institution, offers more stability than routing funds through small partner banks.

Also, scrutinize fee structures. Many platforms obscure costs as software subscriptions, user licenses, or transfer charges. Prioritize solutions that offer transparent, zero-fee structures for foundational services, including $0 subscription fees, $0 checking account minimum fees, and free domestic ACH, wires, and checks. You can review Rho's pricing details here.

Did you know? Rho supports native integration with major accounting platforms like QuickBooks Online, Sage Intacct, and Oracle NetSuite, simplifying financial reconciliation.

Finally, consider the operational value of connected systems. A platform that natively combines treasury custody with expense management and accounts payable automation reduces the time spent on manual accounting tasks, ensuring transaction data remains synced and audit-ready as your business scales.

Frequently Asked Questions

How much do the treasury and expense management solutions cost?

Rho's expense management platform is free, with zero user or platform usage fees. Similarly, connected, in-platform capabilities like accounts payable and accounting automation carry a $0 subscription fee for active account holders. You can see all pricing details here.

What types of assets are used to generate yield on non-operational cash?

You invest your non-operational cash in U.S. Treasury Bills backed by the U.S. Government. This provides a secure method to move away from near-zero rate bank accounts. Interest earned on U.S. Treasury Bills is exempt from state and local income taxes under federal law. This is a feature of the security itself, not of the platform. Always talk to your tax advisor before making decisions based on tax considerations.

Are there standard banking fees for sending wires or ACH transfers?

Same-Day ACH, domestic wires, and checks have a $0 fee. Applicable fees for checking accounts include an optional $15 SWIFT fee and a 1% foreign currency conversion fee for international transfers. See Rho's fee schedule for full details.

How does the banking and treasury platform integrate with accounting software?

Rho automatically connects banking, cards, and treasury operations with major systems like Sage, QuickBooks, and Oracle NetSuite. This direct integration saves hours of reconciliation time every month and keeps your books clean and audit-ready without manual cleanup.

Conclusion

Consolidating business banking and corporate treasury management into a single platform changes how you operate. By combining high-yield treasury management (specifically investing in U.S. Treasury Bills) with zero-fee business banking, you protect your capital against inflation and maintain daily flexibility.

This connected approach removes finance busywork, ensuring asset safety and accounting reconciliation are handled automatically. Relying on an institutional partner like Webster Bank and utilizing extended FDIC insurance networks guarantees your cash remains secure as your business scales.

Integrating disparate financial systems directly leads to greater efficiency, accurate reporting, and clean, audit-ready books. Securing your cash and optimizing financial operations requires a reliable, integrated system. Bringing accounts payable, corporate cards, and treasury management into one unified environment establishes a strong foundation for financial stability and growth.

Schedule time with a Rho team member today.

Important Disclosures

Rho is a fintech company, not a bank. Checking and card services are provided by Webster Bank, N.A., member FDIC. Savings account services are provided by American Deposit Management Co. and its partner banks. Rho Treasury is not FDIC-insured. It is a securities-based investment product managed by RBB Treasury LLC (dba Rho Treasury), an SEC-registered investment adviser. Accounts are custodied at Apex Clearing Corp. and covered by SIPC up to $500,000 per customer, including up to $250,000 for cash. Investments may lose value.