Understanding Treasury Management Fees

Overview

When you deposit funds into your Slash Treasury account, your money is invested into institutional-grade money market funds managed by firms like BlackRock and Morgan Stanley. These funds generate yield based on prevailing short-term interest rates, and that yield is passed through to you.

Slash's Treasury partner, Atomic Invest, charges a management fee on Treasury balances under $500,000. Once your Treasury balance reaches $500,000 or more, the management fee is waived entirely, meaning you keep the full yield generated by the underlying fund.

How the Management Fee Works

The management fee is an annual advisory fee charged by Atomic Invest for managing your Treasury account. Here's how it breaks down:

• Treasury balance under $500,000: 0.60% annual management fee
• Treasury balance of $500,000 or more: No management fee (0%)

The fee is calculated daily based on your account balance and deducted automatically from your earnings. You don't need to pay it separately; it's reflected in your net yield.

Example: If the underlying money market fund is yielding 4.19% and your balance is below $500,000, your net yield would be approximately 3.59% (4.19% minus the 0.60% fee). If your balance is $500,000 or more, you'd receive the full 4.19%.

Insurance and Protection

Treasury accounts are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000, including $250,000 for cash claims. SIPC protects against the loss of securities and cash held at a financially troubled brokerage firm. For details, visit www.sipc.org.

Note that SIPC protection is different from FDIC insurance. Treasury funds are invested in money market funds, not held as bank deposits, so they are not FDIC insured. If you need FDIC insurance, keep your funds in your regular Slash Cash Account, which offers FDIC coverage through our partner banks.

Frequently Asked Questions

Is there a minimum balance to open a Treasury account?

No. There is no minimum balance requirement. Your funds earn yield regardless of the amount deposited.

How is the fee deducted?

The management fee is calculated daily and deducted directly from your Treasury account as a separate line item. You’ll see it reflected in your account activity.

What happens when my balance crosses $500,000?

Once your total Treasury balance reaches $500,000, the management fee is waived. You’ll earn the full yield from the underlying fund with no fee deducted. If your balance later drops below $500,000, the 0.60% fee will apply again.

Can I see my current yield?

Yes. Your current net yield is displayed in your Slash dashboard on the Treasury account page.

Need More Help?

If you have additional questions about Treasury fees or yield, contact our support team at support@slash.com or use the in-app chat in your Slash dashboard.

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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.