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%, 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. 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%, 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 for transfers to external accounts or 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 6/24/2022 is 1%. 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 6/24/22 is 1%. 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 6/21/22 available at

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

4. Gusto is a payroll services company, not a bank. Banking services provided by nbkc bank, Member FDIC