June Release: Working Capital, Treasury, Enhanced FDIC Insurance, and Card Groups
June is all about giving every dollar in your account a job — whether that's earning yield, staying protected, or moving faster through your day-to-day workflows.
We’re back with four new features — all designed to give you more visibility, control, and flexibility inside your Slash account. This month’s updates focus on structure at scale: how you hold funds, make your money work for you, issue cards, and access capital.
Treasury Accounts – Earn yield on your balance in Slash*
Move your cash into money market funds accessible inside Slash and earn a market-linked yield. Fund transfers from the Treasury Account back to Slash settle in cash in about a business day, so liquidity can be at hand.
Working Capital, Built Into Slash
Growing businesses need fast, flexible access to capital. Now, with Working Capital in Slash, you can apply for credit through our partner Slope* — and if approved, receive funds directly into your dashboard.
Once approved, the funds are deposited into your account in Slash. From there, you can spend through the same cards, flows, and approval systems your team already uses.
No delays. No manual movement. Just capital ready to deploy.
Enhanced FDIC Insurance
Every Slash account is now protected by up to hundreds of millions of dollars of FDIC Insurance — extending past the traditional $250k FDIC limit.
Your balance remains in your Slash account*, fully available to spend. Behind the scenes, our partner bank Column, works with a sweep network called IntraFi that allocates coverage across multiple FDIC-insured institutions — giving you higher protection, without requiring any changes to how you use your account.
Whereas some other businesses allocate their funds across multiple banks in $250k increments, you don’t need to open new accounts or take extra steps. Your coverage in Slash simply scales with you.
Card Groups: Bulk Permissions at Scale
Card Groups let you pre-define spending rules — like merchant restrictions, category filters, and transaction limits — and apply them to any new card you issue*.
Instead of setting rules from scratch each time, assign the card to a group. It’ll inherit the exact settings you’ve already configured.
Whether you’re managing contractors, teams, or recurring budgets, Card Groups help you move faster and stay in control.
What’s Next
Everything we’re launching in July is already underway — and we’ve got more powerful updates coming fast.
Catch you next month.
*Slash Account: Slash Financial, Inc. is a financial technology company and is not a bank. Deposit accounts provided by Piermont Bank, Member FDIC and Column National Association, Member FDIC. Deposits in Slash Platinum deposit accounts are FDIC-insured through Column N.A., Member FDIC and Column’s Sweep Program Network Banks (https://column.com/legal/sweep-program-network-banks). Certain conditions must be satisfied for pass-through FDIC insurance to apply. Deposit insurance applies per insured depository institution, per depositor in each insurable capacity in which the deposits are held. FDIC deposit insurance covers the failure of an insured depository institution. The Slash Financial, Inc. Mastercard® Debit Card is issued by Piermont Bank, Member FDIC. pursuant to a license from Mastercard and may be used everywhere Mastercard debit cards are accepted. The Slash Platinum Card is a Visa® charge card issued by Column National Association, pursuant to a license from Visa U.S.A. Approval is subject to eligibility. Payment of account balance is due in full daily. Monthly membership fees may apply. Card purchases may be eligible for cashback, see https://www.joinslash.com/legal/cashback-terms for more information.
*Slash Card: The Slash Platinum Card is a Visa® charge card issued by Column National Association, pursuant to a license from Visa U.S.A. Approval is subject to eligibility.
*Slope: Slope is a financial technology company, not a bank. Business-purpose loans made by Lead Bank and subject to credit approval. Application and consent to obtain personal credit report is required. Subject to minimum revenue and business requirements. Personal Guaranty may be required. Fees vary based on risk assessment and loan term.
*Treasury: Slash has engaged Atomic Invest LLC (“Atomic”), an SEC-registered investment adviser, to bring you the opportunity to open an investment advisory account with Atomic. Companies engaged by Atomic receive compensation of 0% to 0.85% of assets under management (annualized, payable monthly) for each referred client who opens an Atomic account. They may also receive a percentage of margin and free cash interest earned by clients, which creates a conflict of interest.
Brokerage services for Atomic are provided by Atomic Brokerage LLC, a registered broker-dealer and member of FINRA/SIPC, and an affiliate of Atomic, which also creates a conflict of interest. For more details about Atomic Invest, please refer to the Form CRS, Form ADV Part 2A, and Privacy Policy. For more details about Atomic Brokerage, please see the Form CRS and General Disclosures. You can check the background of Atomic Brokerage on FINRA’s BrokerCheck.
Neither Atomic Invest, Atomic Brokerage, nor any of their affiliates is a bank. Investments in securities are not FDIC insured, not bank guaranteed, and may lose value. Investing involves risk, including the potential loss of principal. Before investing, you should consider your investment objectives as well as any fees and expenses charged. Advisory services through Atomic should not be construed as tax advice or financial planning, and they do not account for investments clients may hold outside of Atomic.
You should consider the investment objectives, risks, charges, and expenses of a money market fund carefully before investing. This and other information is found in the fund’s prospectus. Please read the prospectus before investing. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. Yields fluctuate and past performance is no guarantee of future results.