No. Multicent is a financial technology company registered as a broker-dealer, member firm of FINRA / SIPC. However, Multicent does partner with FDIC-insured banks to store your uninvested cash deposits.

Signing up for Multicent Checking and Debit Card is easy and takes less than two minutes! First, you need to sign up to sell with Multicent. Then, opening your checking account is only a few more steps.

Go to the Balance applet in your Multicent Point of Sale app or Dashboard and select Multicent Checking

Select Open account

Verify your information

Personalize your business debit card

Confirm the shipping address for your business debit card

We recommend that you add your debit card to Apple Pay® or Google Pay™ as soon as you open your checking account, so you can start using your money while you wait for your physical card to arrive. Add your debit card to Apple Pay or Google Pay

Multicent Cash is not a bank account; it is a cash management account offered by Multicent Treasury (a FINRA-registered broker-dealer) that functions very much like a business bank account. You can securely deposit checks via our mobile app; send and receive payments via ACH, check, and wire—even internationally; and manage spending for your company’s different users. All with no fees, minimums, or limits. Your money can be stored with Multicent's partner banks (eligible for FDIC insurance up to $250,000) and/or government money market mutual fund. It's your choice! You'll also get unlimited corporate credit cards for secure spending, automatically paid daily like a debit card—while giving you cash back on every purchase and building your business credit. With Multicent, you don’t need other bank accounts, cards, or accounting software. You get everything you need, all in one.

Yes. Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

Any deposits you maintain as uninvested cash will be placed into one of our partner banks. All funds in a Multicent partner banks will be covered by FDIC insurance up to $250,000 per partner bank. You can find the current list of our partner banks here. Your funds are automatically distributed among partner banks to ensure maximum coverage.

If you currently have an account at one of our partner banks, you may be already utilizing your maximum coverage from that bank, and wish to opt-out of that bank with Musiness business Cash account. To do that, please contact support@multicent.com.

For more information on Multicent business Cash’s FDIC Sweep option, please review the Multicent Treasury FDIC-Insured Deposit Sweep Program Disclosure Statement.

No, we do not charge any recurring fees for Multicent business cash account—no minimum balance fees, no services fees, no monthly maintenance fees, no overdraft fees. Multicent does not charge ATM fees, but third-party ATM operator fees may apply.

Multicent and our partner banks do not charge fees to send or receive international wires with Multicent business Cash account. However, when sending funds internationally, funds may be sent through third-party banks. Third-party banks may charge fees to cover their costs. In addition, the recipient’s bank may charge the recipient a fee to process the wire.

Multicent business cash account come with and payment processing if you sell online and in-store services, and its easyly to connect to process payment online or on any marketplace.

All deposits invested in money market funds will earn the same yield, with no minimum balance required. Yield is earned on a daily basis and distributed into your Multicent Cash account on a monthly basis.

No, we do not have any account minimum balance requirements. There are no account opening minimum balances and no ongoing monthly balance requirements.

As soon as you finish opening your account, you can start using it right away on your Multicent Point of Sale app or Dashboard.