Operating cash, working as hard as you do.
Get paid and pay instantly from Nickel Balance with 2% APY on any idle cash.
2% APY. Accrues daily and paid out monthly.
Instant payments. Pay vendors and get paid instantly.
No lock ups. Deposit or withdraw at any time with no fees.
No minimums. Keep $100 or $1M. There are no penalties.
Your money should make you money.
Every dollar in Nickel Balance earns 2% APY. Accrued daily and paid out monthly. No minimums. Withdraw at any time.
vs. the average bank (0.2%) = $2,000
Instant payments. No extra fees.
Payments arrive instantly and start earning. Vendors get paid the same day. Every transfer is free.
Receive payments instantly
Card, ACH, and checks from customers land instantly and start earning.
Pay vendors same day
Vendors get paid 2 days faster. Your cash earns for 2 extra days.
No transaction fees
Instant transfers to and from Nickel Balance is free. Just like ACH.
Control spend with debit cards.
The yield is the easy part. The controls and reporting are what your team actually lives in.
Physical cards
Spend Nickel Balance with debit cards for you and your team.
Virtual Cards
Generate virtual credit cards instantly for any vendor, team, or subscription.
Control spend
Set spend limits by amount, vendor, or employee on any cards.
Budget with cash stashes.
- Earn 2% APY
- Auto deposit or withdraw rules
- Set goals and limits
Bank-grade security. FDIC insured.
Cash in Nickel Balance are held in FDIC insured accounts with bank grade privacy and security.
- FDIC insured on $250K.
- SOC 2 Type II
- Tokenized end to end
- PCI DSS Standards
Skip the application. Start earning now.
It takes less than a minute to activate Nickel Balance.
1. Activate in one minute
Available to all Nickel customers with no application or credit checks.
2. Fund your Balance
Automatically route payments to Balance or transfer from your bank.
3. Spend any way
Pay bills with Balance or spend with a physical or virtual debit card.
4. Earn 2% APY.
Every dollar in Balance earns 2% APY, accrued daily and paid monthly.
An entire cashflow platform powered by Nickel Balance.
FAQs
Can my business earn interest on its operating cash?
Yes, Nickel Balance pays 2% APY on the cash sitting in your account. Interest accrues daily and pays out monthly, with no lock-up period and no minimums. A business holding $500,000 in operating cash earns about $10,000/year at 2% APY. At a typical bank paying 0.2% APY, that same balance earns $1,000.
What is the APY on Nickel Balance?
Nickel Balance pays 2% APY on every plan — Core, Plus, and Pro all earn the same rate. Interest accrues daily and pays out monthly. There's no minimum balance and no lock-up period.
Is money in Nickel Balance FDIC insured?
Yes, funds in Nickel Balance are held at Grasshopper N.A., Member FDIC, and are eligible for FDIC pass-through insurance up to $250,000 per depositor, subject to FDIC requirements. FDIC insurance protects your deposits if the bank fails. Nickel is a financial technology company, not a bank.
How much FDIC coverage does Nickel Balance have?
Nickel Balance is eligible for up to $250,000 in FDIC pass-through insurance per depositor through Grasshopper N.A., Member FDIC. If you're holding more than $250,000, coverage is limited to the first $250,000 per depositor per institution. Talk to Nickel's team about options if you need higher coverage.
Can I spend from Nickel Balance with a debit card?
Yes, Nickel Balance includes physical and virtual debit cards. You can spend directly from your balance for business purchases, set spend controls by amount, vendor, or employee, and issue virtual cards for specific subscriptions or vendors. There are no transaction fees on debit card purchases.
Can I create virtual cards for specific vendors or subscriptions?
Yes, you can create virtual debit cards tied to your Nickel Balance for specific vendors, subscriptions, or employees. Set a spending limit on each card, restrict it to a specific vendor, and cancel it instantly if you need to.
How do I move money into Nickel Balance?
You can receive payments directly into Nickel Balance (ACH, card, and check payments show up instantly), transfer from your external bank account, or set up automatic deposit rules. There are no fees to move money in or out, and withdrawals are available anytime with no penalties.
Are there fees or minimums on Nickel Balance?
No, there are no fees to open, maintain, or close a Nickel Balance account. No minimum balance, no monthly maintenance fee, no withdrawal penalties, and no transfer fees. The account is available to all Nickel customers and activates in about a minute with no application or credit check.
Does Nickel Balance connect to QuickBooks?
Yes, Nickel Balance transactions sync to QuickBooks Online and QuickBooks Desktop the same way your other Nickel payments do. Deposits, withdrawals, and card purchases all record in QuickBooks automatically.
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