BILL Cash Account (for BILL AP Customers)
High‑yield operating account, built into BILL. Earn 3.00% APY, get up to $200M FDIC coverage, and pay vendors next business day — with no minimums, no monthly fees, and unlimited transactions.
Card Details
- APY: 3.00% from day one (variable).
- FDIC insurance: Up to $200,000,000 via Column N.A., Member FDIC (sweep program; pass‑through rules apply).
- Payment speed: Next‑business‑day ACH to vendors — no added fees; no caps.
- Fees & minimums: No monthly account fees and no minimum balance; unlimited in‑and‑out transactions.
- Where it lives: Inside the BILL dashboard alongside your AP workflows.
- Eligibility: Available to BILL AP customers; focused on larger AP / LMM. Sole proprietors and nonprofits not yet eligible.
- Banking note: BILL is a fintech, not a bank. Banking services provided by Column N.A., Member FDIC.
About The Card
This is an operating cash account, not a side savings bucket. You keep funds where you actually pay bills, earn yield on idle cash, and send next‑day ACH without extra fees.
Because it’s built into BILL, approvals, reconciliation, and payments stay in one workflow. FDIC coverage scales up to $200M through a sweep network, so larger balances can be protected while AP keeps moving.
Pros
- 3% APY on operating cash (variable).
- Up to $200M FDIC coverage via sweep program.
- Next‑business‑day ACH; no added fees; unlimited transactions.
- No minimums and no monthly account fees.
- Embedded in BILL AP — simpler treasury + payments in one place.
Cons
- APY can change at any time.
- Eligibility limits at launch (sole proprietors & nonprofits not yet eligible).
- Normal BILL platform fees for non‑Cash‑Account services may still apply.
- Pass‑through FDIC rules apply; coverage depends on the sweep mechanics.
Is this card for me?
If you already run AP on BILL and keep operating balances, this is a clean upgrade: earn yield while paying vendors next day from the same system — with no account fees and very high FDIC coverage. If you need a traditional bank bundle outside BILL, or you’re a sole prop/nonprofit (not yet eligible), this won’t fit until eligibility expands.
Quick Comparison
APY | 3.00% (variable) — current at time of writing |
FDIC insurance | Up to $200,000,000 via Column N.A., Member FDIC (sweep program; pass‑through rules apply) |
Payment speed | Next‑business‑day ACH to vendors; no added fees; unlimited transactions |
Minimums / fees | No minimum balance; no monthly account fees |
Location | Inside the BILL dashboard (AP) |
Eligibility (launch) | BILL AP customers; focused on larger AP / LMM. Sole proprietors & nonprofits not yet eligible |
