Business banking that pays you back without holding you back.
Earn 2% APY, pay instantly and organize your money with FDIC-insured checking accounts.
Join 25,234 businesses moving and growing their money on Nickel
Earn 2% APY with your checking account.
Grow your money without locking it away in savings or treasury. Use it whenever you need it.
Bank-grade security and compliance. Funds are held in your name at Grasshopper Bank, N.A., Member FDIC.
Up to $25M
FDIC pass-through insurance
Your money has different jobs. Give each its own account.
Create dedicated accounts for expenses, taxes, and projects.
Each account gets dedicated account and routing numbers. Receive payments, pay bills, or fund payroll from any account.
Control who can access and move your money.
Prevent unwanted transactions and unauthorized withdrawals with Debit Protection. Customize permissions for your entire team.
Connect every account to your tools.
Sync account details, transactions and balances to every tool or service. Use Nickel accounts to fund payroll or credit card payments.
Move money faster without fees. Keep cash earning for longer.
$0 Transfers. Move money between Nickel accounts or withdraw to another bank.
$0 fees on incoming ACH and wires. Customers pay from their bank. You keep every dollar.
$0 Pay vendors instantly. Vendors get paid 2 days faster. Your cash earns 2 days longer.
Paper checks handled. Bank runs cancelled.
Deposit without a trip to the bank. Process checks with just an image and automatically apply them to invoices.
Mail a check with a click. Pay any vendor in Nickel and we’ll print and mail the check for you.
Get your own Nickel checkbook. Order a checkbook for each Nickel bank account.
Keep spending predictable with physical and virtual debit cards.
Give your entire team a card. Limit how much they can spend, where they can spend it, and how often.
Give your debit card an upgrade.
- Issue unlimited physical cards for you and your team.
- Create virtual cards for one-time purchases or recurring expenses like subscriptions.
- Set spending limits by amount, vendor, or employee.
- Consolidate AR, AP and spending in one place.
My clients process payments larger than $250K. There’s zero room for error. With Nickel, I always know exactly where my money is. Nothing falls through or gets frozen.
Judy Massey
MMG Accounting
Access an entire financial platform powered by your Nickel bank account.
- Accounts Receivable
Get paid without the chase. Give customers more ways to pay, including free ACH.
- Bill Pay
Pay vendors and contractors worldwide with card, ACH, wire, or check.
- Penny AI
Let Penny AI run AR, AP and Banking for you.
- Integrations
Sync with QuickBooks, Xero, and ERPs. Or build your own with Nickel API.
Frequently asked questions
Got more questions? We’re here to answer them and give you a personalized tour of Nickel.
Can my business earn interest on its operating cash?
Yes, Nickel Banking 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 Banking?
Nickel Banking pays 2% APY on every plan. Core, Plus and Pro all earn the same rate.
Is money in Nickel Banking FDIC insured?
Yes, funds in Nickel Banking are held at Grasshopper Bank, 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 Banking have?
Nickel Banking is eligible for up to $250,000 in FDIC pass-through insurance per depositor through Grasshopper Bank, 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 Banking with a debit card?
Yes, Nickel Banking 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 linked to your Nickel Banking account 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 Banking?
You can receive payments directly into Nickel Banking (card payments land instantly, ACH in 1 business day and checks in 2 to 3), 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 any time with no penalties.
Are there fees or minimums on Nickel Banking?
No, there are no fees to open, maintain, or close a Nickel Banking 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 Banking connect to QuickBooks?
Yes, Nickel Banking transactions sync to QuickBooks Online and QuickBooks Desktop, just like your other Nickel payments. Deposits, withdrawals, and card purchases are recorded automatically.
