Flourish Cash makes money on the spread between the rate the Program Banks pay Flourish and the rate that is passed along to clients.

The Flourish Cash rate is most closely tied to the Federal Funds Rate and typically changes with rate movements.

Flourish Cash† gives customers access to a competitive interest rate and more FDIC insurance coverage through our Program Banks. Learn more

Client funds are never invested! Client funds are held in cash in depository accounts at our Program Banks.

• Competitive rate
• No set terms or lockups – funds remain liquid
• Looks and feels like an online savings account, even though it is a brokerage account
• Easier access to cash compared to many other cash instruments
  • Clients can initiate transfers by themselves through their portal
  • Immediate access to funds with complete liquidity
• Built for RIAs, from branding to integrations to white-glove client support

This article offers an overview of the Flourish Cash Program Bank Network, Flourish’s Bank Risk Committee, our bank due diligence and risk monitoring process, and Program Bank opt-out functionality.

We are proud to partner with a diverse group of banks – from small to large in size and regional to global in scale – to bring you Flourish Cash. See our complete list of Program Banks.

Transfers are available as soon as same-day. Click here to see full transfer timelines.  

On weekdays, if you initiate a transfer before 7am ET then your funds should arrive in your destination account at 2pm ET that same day for both deposits and withdrawals. If you initiate a transfer before 3pm ET, the funds should arrive at 6pm ET.  Transfers initiated over the weekend will arrive next business day.

There is a four calendar-day hold to withdraw funds to newly added bank accounts. Newly deposited funds are subject to a 3-business day hold before they can be withdrawn. Click here to see transfer restrictions.

There are no minimums for clients or advisors.

Advisors can:

• View Flourish balances, external bank balances, transfer account information and documents^∆
• Prefill applications on behalf of clients
• Set up standing instructions to custodians and brokerage accounts
• Provide certain documentation on behalf of clients
  

Advisors cannot:

• Initiate transfers on behalf of clients from within the Flourish portal
• Change information on behalf of clients

  

Yes, advisors can create connections between Flourish Cash accounts and brokerage accounts in order to push and pull money from your existing custodial platforms. This is done through forms like Schwab’s Moneylink or Fidelity’s Standing Instructions. How to set up connections to brokerage accounts

Absolutely. Within the advisor portal, navigate to the ‘Invite’ tab and type in your first name, last name, and personal email address then click “Continue.” Click “Invite Only” and “Send Invite”, then find your invitation email to see the entire client experience firsthand.

• Personal/business account advisor visibility: When set to "On", your firm and its personnel will be able to view information for each of your Flourish Cash† personal (individual, joint, or trust) accounts, including balances and transactions, programmatically linked bank account balances, and other information.
• ACH account and routing number visibility: When set to "On", your firm will be able to view your Flourish Cash† account and routing numbers. They will also be able to download a letter containing this information that can be submitted to other financial institutions to verify your account's information for transfers.
• Documents visibility: When set to "On", your RIA firm will be able to view your account documents, including statements and tax forms.