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BILL Holdings Inc

BILL Redefines How SMBs Manage Operating Cash, Combining Faster Payments with Higher Returns

BILL Cash Account simplifies reconciliations, streamlines treasury and payments, and turns idle cash into working capital for SMBs to fuel growth

SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 2, 2025-- BILL (NYSE: BILL), a leading financial operations platform for SMBs, today announced the launch of BILL Cash Account1, a high-yield, best-in-class operating account that helps SMBs put their money to work. BILL is making it easier for businesses to strengthen cash positions by bringing yield, speed, simplicity and security together in one seamless account. This new account redefines how businesses manage their money—delivering higher returns, stronger cash flow and smarter financial management.

Empowering SMBs to Turn Idle Cash into Working Capital

Cash flow is the lifeblood of SMBs, yet businesses are leaving thousands of dollars on the table while their operating cash sits in low- or no-yield accounts. To secure higher yields, businesses are wasting time moving funds between multiple accounts. BILL is enhancing value for customers by helping them extend operating cash while they grow working capital in one account—earning 42x the national average annual percentage yield (APY)*, and benefitting from up to $200 million in FDIC insurance2.

“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,” said Mary Kay Bowman, EVP, GM of Payments and Financial Services at BILL. “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 harnessing BILL Cash Account to earn more and pay faster. “We’re currently earning 3% APY on our operating cash every day while paying vendors the next business day,” said Sarah Green, CPA, Senior Accounting Manager, Dr. Squatch. “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 business3.”

With BILL Cash Account, businesses can:

  • Earn More: High-yield on operating deposits from day one—42x the national average*. No minimums, no fees4.
  • Pay Faster: Next-business-day ACH payments with no added fees, and unlimited transactions—allowing SMBs to maximize cash efficiency.
  • Simplify Cash Management: Combine payables and treasury functions into one seamless, embedded account within BILL—the platform trusted by nearly half a million businesses.
  • Grow with Confidence: Expanded FDIC insurance coverage up to $200 million—well above standard limits, giving businesses added peace of mind2.

To learn more about Cash Account and other new BILL product innovations, visit our blog and website.

About BILL

BILL (NYSE: BILL) is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, we are automating the future of finance so businesses can thrive. Our integrated platform helps businesses to more efficiently control their payables, receivables and spend and expense management. Hundreds of thousands of businesses rely on BILL’s proprietary member network of millions to pay or get paid faster. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers. For more information, visit bill.com.

1 BILL and its subsidiaries and affiliates are a financial technology company, not a bank. BILL Cash Account and banking services provided by Column N.A., Member FDIC.

2 BILL is a financial technology company, not an FDIC-insured depository institution. FDIC deposit insurance covers the failure of an insured depository institution. Certain conditions must be satisfied for pass-through FDIC insurance to apply. Deposits in BILL Cash Accounts are FDIC-insured through Column N.A., Member FDIC and Column’s Sweep Program Network Banks.

3 The Annual Percentage Yield (APY) as advertised is accurate as of June 30, 2025. Interest rate and APY are subject to change at any time before and after the BILL Cash Account is opened.



4 No additional fees apply to opening or holding a BILL Cash Account. Other fees may be applicable to the service used or subscribed to with BILL, including but not limited to BILL account subscription fees, transaction fees, payment processing fees, and other special services fees. For more information on BILL service fees, please see the BILL Terms of Service.


* Earnings compared and calculated based on the national average rate on interest checking accounts of .07% published by the FDIC as of 09/15/25, and an earn rate of 3.00% offered and paid by BILL Cash Account.

 

Press Contact:
Lauren Johns
pr@hq.bill.com

IR Contact:
Jun Wang
junwang@hq.bill.com

Source: BILL