BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), has launched BILL Cash Account, a high-yield operating account designed to help SMBs optimize their working capital and improve financial management. This new offering aims to provide businesses with higher returns, stronger cash flow, and simplified financial management by consolidating yield, speed, simplicity, and security within a single account.
Traditionally, many businesses leave significant funds in low- or no-yield operating accounts, costing them potential earnings. To access better yields, SMBs often spend time moving funds between multiple accounts. BILL Cash Account addresses this by enabling businesses to earn an annual percentage yield (APY) that is 42 times the national average* on their operational cash, while also benefiting from up to $200 million in FDIC insurance.
Mary Kay Bowman, EVP, GM of Payments and Financial Services at BILL, commented on the development: “Idle cash sitting in low- or no-yield checking accounts not only costs businesses time and money—it costs them opportunity to grow. BILL is redefining what an operating account can do, and we’re doing it at scale because we’re trusted by nearly half a million businesses. With Cash Account, we’re bringing growing businesses the same enterprise-grade capabilities normally reserved for Fortune 500 companies—combining high APY on an operational account with fast speed, seamless software integration, and security all in one simple account. This gives businesses a smarter way to manage payments and put their operating cash to work for them.”
Businesses like Dr. Squatch are already utilizing BILL Cash Account. Sarah Green, CPA, Senior Accounting Manager at Dr. Squatch, stated: “We’re currently earning 3% APY on our operating cash every day while paying vendors the next business day. No fees, no minimums, and FDIC insurance up to $200 million make it a smarter, more secure way to manage our AP while putting money back into our business.”
Key features of the BILL Cash Account include earning high-yield on operating deposits from day one with no minimums or fees for the account itself. It facilitates faster payments through next-business-day ACH with no added fees and unlimited transactions, enhancing cash efficiency for SMBs. The account also simplifies cash management by integrating payables and treasury functions into one seamless, embedded account within the BILL platform. Furthermore, it offers expanded FDIC insurance coverage up to $200 million, exceeding standard limits.
BILL, headquartered in San Jose, California, operates as a financial technology company, not a bank. BILL Cash Account and its associated banking services are provided by Column N.
A., Member FDIC. The FDIC deposit insurance is extended through Column N.
A. and its Sweep Program Network Banks. The advertised Annual Percentage Yield (APY) is accurate as of June 30, 2025, and is subject to change. The comparison to the national average rate on interest checking accounts (0.07%) is based on data published by the FDIC as of September 15, 2025.
