Covercy One

Payments & Banking Pricing

End-to-end banking and payments built into your platform — plan, execute, and reconcile every investor and vendor payment, earn yield on idle cash, and keep treasury in one place.

Smart Payments

Automates investment management payments

2 Included Accounts

$0/ month

Talk to sales

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

Talk to sales

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

Talk to sales

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

Premium Banking

Best for customers with >$2M cash balance

80 Included Accounts

$799/ month

Earn 2.59% APY

Talk to sales

Includes all features from Advanced
Unlimited ACH Payments
Debit Cards (Virtual & Physical)

Additional Costs

Additional Account:$2

Smart Payments

Automates investment management payments

2 Included Accounts

$0/ month

Talk to sales

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

Talk to sales

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

Talk to sales

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

Premium Banking

Best for customers with >$2M cash balance

80 Included Accounts

$799/ month

Earn 2.59% APY

Talk to sales

Includes all features from Advanced
Unlimited ACH Payments
Debit Cards (Virtual & Physical)

Additional Costs

Additional Account:$2

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 & Conditions Covercy 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 & Conditions Covercy 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		Included	Included	Included
Same-Day ACH Send ACH payments that settle same-day for urgent payouts and time-sensitive transfers			Included	Included
Daily Updates for External Accounts External bank accounts sync daily for near real-time treasury visibility			Included	Included

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 & Conditions

Covercy 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 & Conditions

Covercy 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

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

Next Day ACH

Send ACH payments that settle the next business day for faster cash movement

Included

QuickBooks Bank Sync

Effortlessly integrate your QuickBooks bank transactions with your Covercy accounts for accurate reconciliation and streamlined financial management

Included

Connect External Bank Accounts (Weekly Updates)

External bank account balances and transactions refresh weekly for consolidated reporting

Included

Multi‑Factor Payment Approvals

Strengthen payment security with MFA approvals workflows

Included

Virtual Debit Cards

Create virtual debit cards for secure, trackable spending

3 Cards

20 Cards

Physical Debit Cards

Issue and manage physical debit cards for your team

1 Card

20 Cards

Connect External Bank Accounts

Link existing bank accounts from other institutions for unified treasury visibility

Included

Same-Day ACH

Send ACH payments that settle same-day for urgent payouts and time-sensitive transfers

Included

Daily Updates for External Accounts

External bank accounts sync daily for near real-time treasury visibility

Included