Gusto Cash Accounts employer overview

Gusto Cash Accounts1 are interest-bearing2 bank accounts designed to help employees save automatically and spend confidently. Cash Accounts are included for free with any Gusto payroll subscription. 

Cash Accounts include two types of bank accounts: the Gusto spending account and Gusto savings goals. 

Spending account and debit card

The spending account works like a traditional checking account, but better. With an APY of 1.00%, employees earn interest on the money kept in their spending account.3

The Gusto spending account can help employers simplify payroll by enabling employees to be paid via direct deposit instead of paper check. With the spending account, employees can set up direct deposit, receive incoming ACH deposits like tax refunds, and link external bank accounts to transfer funds in and out, and even transfer funds instantly from their spending account to one of their personal debit cards.4 Employees also receive a Gusto debit card to access funds in their Gusto spending account at an ATM or any Visa-accepted point of sale. 

Savings goals

Savings goal accounts are similar to standard savings accounts, but since these accounts are demand deposit accounts, employees don’t face the same withdrawal and transfer limits of a typical savings account. Additionally, with an APY of 1.00%, they earn interest on the money kept in their account(s).

Employees can create up to five different, customized accounts to help them reach their financial targets. Each savings goal has a unique bank account number, making it easy to set up transfers and direct bill pay. 

1. The Gusto Cash Account, savings goals, spending account, and debit card are issued by nbkc bank, Member FDIC.

2. Spending accounts Annual Percentage Yield (APY) as of 1/26/2023 is 1.00%. Interest rates are variable subject to change at our discretion, at any time. No minimum balance required.

3. Cash Account Annual Percentage Yield (APY) as of 1/26/2023 is 1.00%. APY is variable and subject to change at our discretion, without prior notice. No minimum balance required. Based on the FDIC savings rate as of 1/17/2023 available at

Some fees, such as out-of-network ATM fees, may apply. Please review the terms and conditions carefully.

4. Funds are generally accessible immediately, however, network disruptions may delay availability, typically no longer than 30 minutes.

5. There are no account or overdraft fees associated with the Gusto Cash Account spending account. The Gusto debit card can be used for free at over 37,000 ATMs in the MoneyPass Network. Gusto charges $2.50 when you use an out-of-network ATM in addition to any fees charged by the ATM or ATM operator. Please review the terms and conditions carefully

6. Any balances you hold with nbkc bank, including but not limited to those balances held in Gusto accounts are added together and are insured up to $250,000 per depositor through nbkc bank, Member FDIC. If you have funds jointly owned, these funds would be separately insured for up to $250,000 for each joint account owner. nbkc bank utilizes a deposit network service, which means that at any given time, all, none, or a portion of the funds in your Gusto accounts may be placed into and held beneficially in your name at other depository institutions which are insured by the Federal Deposit Insurance Corporation (FDIC). For a complete list of other depository institutions where funds may be placed, please visit Balances moved to network banks are eligible for FDIC insurance once the funds arrive at a network bank. To learn more about pass-through deposit insurance applicable to your account, please see the Account Documentation. Additional information on FDIC insurance can be found at