Payments & Banking Pricing
Automate US payments, boost yields, and expand treasury operations.
Smart Payments
Automates investment management payments
2 Included Accounts
$0/ month
- Up to $3M FDIC‑Insured Bank Accounts
- 10 Monthly ACH Payments (Included)
- Wire Payments
- Next Day ACH
- QuickBooks Bank Sync
- Connect External Bank Accounts (Weekly Updates)
- Multi‑Factor Payment Approvals
- 3 Virtual Debit Cards
- 1 Physical Debit Card
Additional Costs
- Additional Account:$20
- Additional ACH:$2
Core
Essential banking with daily updates
10 Included Accounts
$79/ month
Earn 1.73% APY
- Includes all features from Smart Payments
- 20 Monthly ACH Payments (Included)
- QuickBooks Bank Sync
- 20 Virtual Debit Cards
- 20 Physical Debit Cards
- Connect External Bank Accounts
Additional Costs
- Additional Account:$15
- Additional ACH:$1.50
Advanced
Reduced fees and same-day ACH
20 Included Accounts
$239/ month
Earn 2.31% APY
- Includes all features from Core
- 120 Monthly ACH Payments (Included)
- 20 Physical Debit Cards
- Connect External Bank Accounts
- Same-Day ACH
- Daily Updates for External Accounts
Additional Costs
- Additional Account:$5
- Additional ACH:$1
| Features | Smart Payments | Core | Advanced | Premium Banking |
|---|---|---|---|---|
Included Accounts Pre-configured bank accounts included with your subscription at no additional charge | 2 Accounts | 10 Accounts | 20 Accounts | 80 Accounts |
Earn APY Earn competitive annual percentage yields on idle cash balances, paid monthly View Legal Terms & ConditionsCovercy is a financial technology company, and is not a bank. Banking services provided by Thread Bank, Member FDIC. The tiered annual percentage yield (APY) is effective as of the last Federal Funds Rate update. This is a variable rate based on the Federal Funds Rate and may change after the account is opened. Fees may reduce earnings on the account. | N/A | 1.73% | 2.31% | 2.59% |
Up to $3M FDIC‑Insured Bank Accounts FDIC-insured coverage up to $3 million through Thread Bank's deposit sweep program across multiple banks View Legal Terms & ConditionsCovercy is a financial technology company, and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure and a list of program banks at https://thread.bank/program-banks. Please contact customerservice@thread.bank with questions on the sweep program. Pass-through insurance coverage is subject to conditions. | Included | Included | Included | Included |
Monthly ACH Payments (Included) Monthly allotment of ACH transactions included in your base subscription; additional transfers billed separately | 10 Payments | 20 Payments | 120 Payments | Unlimited |
Wire Payments Send domestic and international wire transfers directly from your Covercy accounts (per-wire fees apply) | Available | Available | Available | Available |
Next Day ACH Send ACH payments that settle the next business day for faster cash movement | Included | Included | Included | Included |
QuickBooks Bank Sync Effortlessly integrate your QuickBooks bank transactions with your Covercy accounts for accurate reconciliation and streamlined financial management | Included | Included | Included | Included |
Connect External Bank Accounts (Weekly Updates) External bank account balances and transactions refresh weekly for consolidated reporting | Included | Included | Included | Included |
Multi‑Factor Payment Approvals Strengthen payment security with MFA approvals workflows | Included | Included | Included | Included |
Virtual Debit Cards Create virtual debit cards for secure, trackable spending | 3 Cards | 20 Cards | 20 Cards | 20 Cards |
Physical Debit Cards Issue and manage physical debit cards for your team | 1 Card | 20 Cards | 20 Cards | 20 Cards |
Connect External Bank Accounts Link existing bank accounts from other institutions for unified treasury visibility | Upgrade | Included | Included | Included |
Same-Day ACH Send ACH payments that settle same-day for urgent payouts and time-sensitive transfers | Upgrade | Upgrade | Included | Included |
Daily Updates for External Accounts External bank accounts sync daily for near real-time treasury visibility | Upgrade | Upgrade | Included | Included |