Get paid straight into your account
Sales from Payments, Payment links and Hosted checkout settle into your balance, net of fees. There's no second bank to move the money to.
A banking experience you can actually love.
Open an account and see what banking should look like. With our payments, experience faster settlement, and with our AI, pay bills and invoices in a few clicks, whether in the US or globally.
Cedar is a financial technology company, not an FDIC-insured bank. Banking services provided through an FDIC-insured partner bank.
Fern & Field Coffee's Cedar accounts. Jennifer pays $24.00 for a cold brew 12-pack, and $23.00, net of fees, settles into the Operating account, taking it from $1,284.50 to $1,307.50. The business also holds a Payroll account and a Tax reserve account.
Banking that starts where you get paid.
Pay bills without the busywork
AI reads each bill, fills in the details and remembers everyone you've paid before, so bills move through approval and get paid with a click.
Books that keep themselves
Every settlement posts to your books in double entry, on the same ledger as your payments, so the balance and the books always agree.
Ask a person, not a bot
Questions about your money go to a person at Cedar, and that person writes back.
An account for every purpose.
Open more than one account for your business. Keep payroll, taxes or a grant apart, so you always know what's set aside.
Fern & FieldCoffee Roasters
Total balance$11,857.50
- OperatingWhere your sales land$1,307.50
- PayrollWages, every other Friday$8,400.00
- Tax reserveSales tax and quarterly estimates$2,150.00
It's all part of the bigger build.
Start with Banking, then add the blocks around it as you grow. Every block reads from and writes to one system of record, so money in, money out and your books always agree.
Payments
Get paid through common payment methods, with every sale settling straight into your account.
Payouts
Pay contractors, vendors and grantees by ACH or wire, straight from your balance.
Cards and Spend management
Manage employee expenses, corporate cards and reimbursements.
Accounting
Every transaction posted to your accounting system. Reconciliation made easy.
Questions about Banking.
Anything else? Book a call with us.
Is Cedar a bank?
No. Cedar is a financial technology company, not an FDIC-insured bank. Banking services are provided through an FDIC-insured partner bank.
Where is my money held?
Your funds are held at an FDIC-insured partner bank, or at banks in its sweep network.
Is my money FDIC insured?
Your deposits are eligible for expanded FDIC insurance through our partner bank and its use of sweep networks. Deposit insurance covers the failure of an insured bank.
Does my balance earn interest?
Yes. Your Cedar account is interest bearing.
Can my business have more than one account?
Yes. Open as many accounts as your business needs, for payroll, taxes, a grant or anything else you want to keep apart.
How do I get Banking?
Book a call and we'll walk you through Banking for your business.
Start building.
Book a call and we'll walk you through Banking for your business.
Prefer email? Write to hello@usecedar.co.