Understanding Your Different Accounts: Cash, Credit, and Treasury

Overview

Slash offers several types of accounts to help you manage your finances. Each account serves a specific purpose, and understanding the differences can help you make the most of your Slash setup. This article explains the three main account types available on Slash: Cash Accounts, Credit Accounts, and Treasury Accounts.

Cash Accounts

Your cash account is your primary business checking account. This is where you'll handle everyday transactions: receiving payments, paying vendors, processing payroll, and managing day-to-day operations. Cash accounts enable:

• FDIC insurance: Your deposits are protected by up to millions of dollars in FDIC insurance through the Column N.A. sweep network
• Payment capabilities: Send and receive ACH transfers, domestic wires, international wires, and real-time transfers (along with any associated fees)
• Charge card funding: Pay off your charge card balance by pulling funds from your Cash Account into your Credit Account

Funds in your cash account are always available for immediate use. There's no waiting period or restrictions on withdrawals.

Cash Accounts consist of two sub-accounts working together:

• Your Collateral Account is used to secure your Slash Platinum Card spend. Your Collateral Account's balance will never exceed your maximum credit limit.
• Your Transactional Account is the account you actually send and receive payments to and from. All funds deposited in your Transactional Account are automatically forwarded to your Collateral Account, up to your maximum Credit Limit.

The Cash account is not a bank account. Slash does not provide separate statements for the Collateral and Transactional accounts, and you will not see them detailed out in QBO or other syncs.

Credit Accounts

Credit Accounts power your Slash Cards. The Slash Card is a charge card, meaning that it does not extend a revolving line of credit and must be paid in full each day. Here's how the Slash Card differs from other common types of payment cards:

Your Credit Account is a charge card that must be paid off in full daily. It has a limit equal to your "Cash Account" balance, up to a maximum (which can be found by visiting https://app.slash.com/platinum/account/credit)

Types of transactions you'll see on the Credit Account:

• Card transactions
• Daily payments being made on your card from the Cash Account
• You can see all credit account transactions by visiting https://app.slash.com/platinum/account/credit

Your Credit Account statements will have two types of transactions listed:

• Payment from Platinum Account: These are the daily repayments of your balance from your Cash Account; this should be equal to the amount of spending from your Credit Account in a given day, and should bring your account balance back to zero.
• Disbursements: Disbursements are transactions made with your charge card. Each payment will have an identifier that explains what the transaction was for (e.g. Disbursement for McDonald's...)

How to Pay Off Your Balance

At the end of every day, you can pay off your card spend by transferring funds from an external account of your choice. If you don’t pay off your balance by the end of the day, Column will pull funds from your Collateral Account to pay off your balance.

What is the Daily Credit Card Payment?

In the transactions page, you’ll notice that there are ALWAYS two transactions called Daily Credit Card Payment. Why? Well, one is a transaction on the Credit Account, of money coming INTO the account, which reduces the balance. The other is a transaction on the Cash Account, of money LEAVING the account to go to the Credit Account.

In the photo below, the second column from left to right shows which account each transaction belongs to. As you can see:

• The transaction on the Cash Account is negative. Money is LEAVING the account.
• The transaction on the Credit Account is positive. Money is ENTERING the account.

Treasury Accounts

Slash Treasury helps businesses earn yield on idle cash by automatically allocating funds into low-risk, liquid investments. We’ve partnered with Atomic Invest, an SEC-registered investment adviser, to provide access to professionally managed investment accounts directly within your Slash dashboard.

Treasury is designed to be simple: you deposit funds, and your cash begins generating yield without locking it up or requiring active management.

How Slash Treasury Works

When you move funds into a Treasury account, your money is invested into high-quality, short-term assets through institutional-grade funds managed by firms like BlackRock and Morgan Stanley. These funds are widely used by finance teams to manage cash while maintaining liquidity and stability.

You can choose between:

• TSTXX: A U.S. Treasury-focused strategy prioritizing safety and liquidity
• MULSX: A diversified ultra-short income strategy offering slightly higher yield potential

Your funds remain highly liquid, meaning you can typically withdraw within a few business days.

Returns are earned through yield, which adjusts automatically based on current interest rates. You’ll see your up-to-date yield and earnings directly in your Slash dashboard.

Additional Information About Treasury

• SIPC protection: Accounts are protected up to $500,000 (including $250,000 for cash claims)
• Variable yield: Returns fluctuate with market interest rates
• Professional management: Investments are managed by asset managers at BlackRock and Morgan Stanley

How the Accounts Work Together

Many Slash customers use multiple account types as part of their financial strategy:

• Keep operating funds in your Cash Account for funding payments, reimbursements, and other non-card disbursements
• Build a balance on your Credit Account from everyday Slash Card spending
• Move excess cash to Treasury to earn yield on funds you won't need immediately

You can view all your accounts and their balances from your Slash dashboard. Transferring funds between account types is straightforward and can be done directly from the app.

Need More Help?

If you have questions about which account type is right for your needs, or if you'd like to learn more about opening additional accounts, contact our support team through the Slash app or at support@joinslash.com.

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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 which are 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 and may 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 and SIPC, and an affiliate of Atomic, which creates a conflict of interest. For more details about Atomic, please see 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 nor Atomic Brokerage, nor any of their affiliates, is a bank. Investments in securities: Not FDIC Insured, Not Bank Guaranteed, May Lose Value. Investing involves risk, including the possible loss of principal. Before investing, consider your investment objectives and fees and expenses charged. Advisory services through Atomic are not to be construed as tax advice or financial planning and do not take into consideration investments that 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.