Stripe Treasury

Stripe Treasury is a financial account product that runs inside the Stripe Dashboard. Businesses that already process payments on Stripe can get instant access to their payment balances. They can hold USD, EUR, and GBP balances, convert currency instantly, receive ACH, bank transfer, direct debit, and stablecoin funding, and pay out to more than 160 countries. They can also issue virtual and physical cards with spending limits and real-time authorization controls. A newer option lets AI agents pay invoices, convert currency, or issue cards within set permissions, and anything outside those limits needs approval. A separate product, Treasury for platforms, launched in 2020. It lets software platforms such as Shopify, with Shopify Balance, embed bank-like accounts for their own users through APIs. Opening and holding an account costs nothing. Fees apply to global payouts, currency conversion, and card issuing. Stripe advertises 2% cashback on card spend and credits on balances above US$2,000 that count toward Stripe processing fees. In the US, checking accounts are held at Fifth Third Bank and are eligible for FDIC pass-through insurance, and the cards are issued by Cross River Bank and Lead Bank. For accounting, it integrates with Xero and QuickBooks and offers automated reconciliation and transaction reporting. It suits startups and Stripe-centric businesses, and developers building embedded finance. Its main limitation is that availability and features vary a lot by country. It is also a money account rather than an accounting system, so you still need separate bookkeeping software.