Rho
Business banking and corporate cards for modern companies.
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Rho offers an integrated business banking platform combining checking accounts, corporate cards, AP automation, and treasury management in one product. It is designed for businesses that have moved beyond basic banking and need financial operations tools. For freelancers running established businesses with significant revenue, Rho provides a CFO-level financial platform.
Our Scores
4.2
Ease of Use
4.5
Features
4.5
Value
4.3
Support
Pros & Cons
Pros
- ✓No monthly fees and no minimum balance
- ✓Corporate cards with spend controls and real-time visibility
- ✓Accounts payable automation built into the platform
- ✓Treasury management with money market fund access
- ✓Strong integrations with NetSuite, QuickBooks, and Xero
Cons
- ✗Designed for established businesses — overkill for very small freelancers
- ✗Requires a registered US business entity
- ✗Less focused on the solo freelancer use case
- ✗Some features require application and approval
Best For
- →Established freelancers and agencies with significant revenue
- →Those who want banking and corporate cards in one platform
- →Businesses needing AP automation and bill pay
- →Companies wanting treasury management with yield
Not Ideal For
- ✗New freelancers or very small solo operations
- ✗Sole proprietors without a registered entity
- ✗Those needing multi-currency international accounts
Pricing
Rho Business Banking
Free
- ✓Business checking
- ✓Corporate cards
- ✓Bill pay
- ✓Treasury management
- ✓Accounting integrations
Frequently Asked Questions
Is Rho good for freelancers?
Rho is best for freelancers who have grown into a more established business with higher revenue and financial complexity. Solo freelancers just starting out are better served by Relay, Novo, or Lili.
Does Rho have a credit card?
Rho offers corporate charge cards (not revolving credit cards). These provide high limits based on your business cash balance and must be paid in full monthly, similar to Brex.
Other Banking Options
Tax Information Notice
This content is for informational and educational purposes only. It does not constitute tax, legal, or financial advice. Tax laws change frequently. Always consult a qualified CPA or Enrolled Agent for your specific situation.