Slash
$0/mo
- Deposits held by
- Fintech; Column N.A.
- Free cash deposits /mo
- Not published at source
- Entities accepted
- Not published at source
- Branches
- No
- To open
- $0
- Monthly fee
- $0/moFree outright
Slash
Financial technology company, not a bank, running a free business checking account around a secured charge card, with a paid plan that removes transfer fees.
Best for
Internet-first businesses that never handle cash and want a full-featured free account with a paid option that removes transfer fees.
- Rate on your money
- Not published (Treasury, an investment product)
- Cash deposits
- Not published at source
- FDIC coverage
- Up to $200M via sweep
- EIN required
- Yes for US businesses
Pricing breakdown
All prices in USDPrices checked
Every fee we track, grouped by where it applies.
How Slash compares
All prices in USDPrices checked
Side-by-side with the closest alternatives by monthly fee.
Each account's published monthly fee, and the plan that fee belongs to. Where a fee can be waived, the condition is stated rather than applied. Interest is shown as the rate each account publishes, with its conditions, and never as a forecast of what you would earn.
Mercury
$0/mo
- Deposits held by
- Fintech; Choice Financial and Column N.A.
- Free cash deposits /mo
- Not applicable
- Entities accepted
- Not published at source
- Branches
- No
- To open
- None
- Monthly fee
- $0/moFree outright
Relay
$0/mo
- Deposits held by
- Fintech; Thread Bank
- Free cash deposits /mo
- $2,000/day (ATM), $5,000/mo (retail)
- Entities accepted
- LLC, corp, partnership, sole prop, non-profit
- Branches
- No, Allpoint in network
- To open
- Not published at source
- Monthly fee
- $0/moFree outright
Novo
$0/mo
- Deposits held by
- Fintech; Middlesex Federal Savings
- Free cash deposits /mo
- Not applicable
- Entities accepted
- Sole prop, LLC, corp, partnership, non-profit
- Branches
- No
- To open
- None
- Monthly fee
- $0/moFree outright
Strengths and trade-offs
Pros
- Free plan has no monthly fee, no minimum balance and no account opening fee
- The API, virtual accounts and unlimited virtual cards are included on the free plan
- International wires are sent so the recipient receives the full amount
- Accepts non-US companies as well as US companies founded from anywhere
- Publishes accounting bank feeds and Plaid connections on both plans
Cons
- A financial technology company, not a bank, so the cover is pass-through and conditional
- Publishes no cash deposit route and warns cash-heavy businesses away
- No ATM fee and no ATM network is published at source
- The card is a secured charge card, and deposits are swept to collateral against it
- It publishes two different outgoing instant-payment fees on the same page
About Slash
Slash is a financial technology company rather than a bank. Banking services are provided by Column N.A., with deposits distributed across sweep program banks for cover above the single-bank limit, as pass-through insurance subject to conditions. Column is also one of Mercury's two partner banks, so holding both accounts is less diversification than the two brand names suggest.
Its free plan carries no monthly fee, no minimum balance and no account opening fee, and includes the API, virtual accounts, unlimited virtual cards and role-based permissions. The paid plan adds no banking capability: it removes the per-item charges on domestic transfers, so whether it pays for itself depends purely on how many transfers a business sends.
The account is structured around a secured charge card. Money paid into the transactional account is swept to a collateral account that secures the card, and the card balance is due in full daily, which is not how any other account in this table behaves. Slash publishes no cash deposit route and says it may not suit cash-heavy operations.
0We may earn a commission when you click through to a provider. Any offer shown is the provider’s own, and we check each one before it appears. Neither ever affects ranking or data shown. Read our terms.
Work at Slash? Claim this listing
Compare Slash
Compare Slash against every other US provider on price, contract terms, and features.