Introducing Business Banking: Unlock same-day payroll and earn 32x more on your operating cash

Today, we’re launching Business Banking

It includes a high-yield checking account¹ that earns you 32x² more on your operating cash and makes same-day payroll possible through Rippling Payroll. Plus, it gives you everything you need to manage your money, safely and easily. 

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Already have a bank account?

Keep it. You can use ours¹ alongside it, then simply consolidate later if it makes sense. Either way, you'll enable same-day payroll and earn more on your operating cash — no more running payroll days before it's due, no more off-cycle runs when something changes at the last minute, and no more waiting days to correct a payroll mistake. 

Don’t have a bank account yet?

Rippling makes it easy to set one up and earn industry-leading yield, in less than 10 minutes.

Payroll and cash, together at last

For illustrative purposes only. This illustration may not be used to predict or project investment results.

Why same-day payroll is so important

Most payroll systems make you process payroll 2-4 days in advance — which means by the time payday arrives, you've been managing it for nearly a week. 

Business Banking changes that by enabling same-day payroll for your domestic employees through Rippling Payroll. Here's why that matters more than you might think:

Run payroll on your schedule

Running payroll on a 2+ day delay means you're always operating on two timelines — today's, and the one that needs to be locked in 48+ hours before payday. It's a constant low-grade tax on your brain. Picture it: it's 4pm Wednesday, you hired someone that morning, and the cutoff to pay them Friday has already passed. With same-day payroll, that mental overhead disappears — because the day you run payroll is the day your employees get paid.

Make changes right up to 1PM EST on payday

With 2+ day payroll, everything has to be locked before the window closes — and once it does, you're stuck. If something pops up after the cutoff — a last-minute spot bonus, an unexpected termination, a contribution change — you're looking at an off-cycle run or waiting until the next cycle. Same-day payroll gives you a longer window, so more changes make it in on time and fewer get pushed to the next run.

Correct payroll errors same day

If someone catches a mistake after payroll has already run — a wrong salary, a missed deduction — employees normally have to wait another 2+ days to be made whole. With same-day payroll, you can fix it the same day.

Earn up to 32x more from your money²

Most checking accounts pay you nothing on your operating cash. From legacy banks to modern fintechs, like Mercury and Brex—0% on operating cash. But why should you earn 0% just because you need cash on hand for day-to-day expenses, like payroll and bill payments?

With Business Banking, you’ll automatically earn 2.25% APY² on the cash in your Checking Account — 32x higher than the national average of 0.07% APY. On $500K, that's roughly $11,250/year in interest instead of ~$350.

For idle cash, your Investment Account can earn up to 3.50%³ through the JPMorgan U.S. Treasury Plus money market fund. No transfer limits. No gotchas.

You might be wondering how we can offer rates this good. The truth is, Business Banking is a loss leader for us. Most of our revenue comes from non-financial products, like our HR and IT software, so we can afford to subsidize the financial ones. We want businesses to start and grow on Rippling. But even if you never use another Rippling product besides Business Banking, that’s OK. You win either way.

Get up to $200M in FDIC-insured coverage⁴ 

Standard FDIC insurance covers $250K per depositor — fine for an individual, not fine for a startup or large business sitting on a year or more’s worth of runway. 

With Business Banking, you get up to $200M in FDIC-insured deposit coverage on funds in your checking account.⁴ Put simply, a much better place to park your cash.

We also built controls that make it easy to manage your money safely: like money sweeps, custom approval workflows, and granular permissions. Plus essential accounting integrations, with ERPs like Quickbooks and NetSuite, so your month-end doesn't look like a crime scene.

If you’re a brand new startup, you can set up everything you need to run a business in minutes — all in one place

On Day 1, every founder needs the basics: a bank account and a corporate card. Rippling makes it easy to set up both in minutes, along with everything else you need to get up and running – including payroll, benefits, and PEO or EOR services to offload compliance.  

And that’s just the start.

Within 12 months of opening a bank account, the average business has bolted on 7+ separate tools — like ADP, Ramp, BambooHR, Deel, and Okta. 

With Rippling, it's all one platform: every Finance, HR, and IT app you'll ever need, connected to a single source of truth.

You can just start with Business Banking and Corporate Cards⁵, then turn on Payroll, Benefits, and more as you need them. No new vendors, no migrations — just click to add the next piece of your Finance & HR stack.

Getting started

You can learn more here or open your free account in minutes.