Business banking that does more for entrepreneurs
Slash empowers you with a powerful checking account and virtual cards*, high rewards and low fees, detailed financial insights, and $200m in FDIC insurance**.
Features
Get up to $200m in FDIC coverage
Manage your business finances with 800x the standard deposit coverage limit.
How enhanced FDIC coverage works
Our partner bank Column NA, Member FDIC partners with IntraFi Cash Service (ICS) of IntraFi Network LLC — a sweep deposit network — to spread your deposits across their network of 800 banks (list here).
Deposits are divided into amounts under the standard FDIC insurance maximum of $250,000 and placed in deposit accounts at banks that participate in the network to expand your FDIC coverage up to $200 million.**
Better protection, same experience
Even though your deposits may be spread across a network of up to 800 banks, the Slash dashboard experience remains the same and you can enjoy daily liquidity. It's easy to manage and move money while still getting up to 800x the standard coverage amount of $250,000.
Through economic ups and downs and bank failures, no depositor has ever lost a penny of their funds placed using ICS.
Features
Actually useful and powerful analytics
Explore spend by merchant, spend category, contact, and more over time.
Free domestic wire and ACH transfers for Pro & Elite users
Stop getting ripped off by the big banks. Users on our Pro and Elite plans can send unlimited domestic wire transfers for free.
