Banking Terms

Updated October 30th, 2023

Below are the Disclosures, Business Deposit Agreement, Business Debit Cardholder Agreement, and Rewards Terms for Banking on the AngelList for Startups product.


AngelList is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, N.A.; Member FDIC. The AngelList Business Visa® Debit Card is issued by Blue Ridge Bank, N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

AngelList Business Deposit Account Agreement

Click here to view the Business Deposit Account Agreement

AngelList Business Debit Cardholder Agreement

Click here to view the Business Debit Cardholder Agreement

Annual Percentage Yield

The Interest Rates and Annual Percentage Yields are variable and may change at any time at our discretion. The rates are determined by a formula that uses the midpoint of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve as an input. For more information, consult the deposit agreement.

As of October 1st, 2023: The Interest Rate on accounts on the "Banking" tier is 1.86% with an Annual Percentage Yield (APY) of 1.88%.

As of October 1st, 2023: Growth or Scale plan customers with active cap tables (i.e., have invited all stakeholders to their dashboards) are eligible for a distinct "Growth tier" account with Interest Rate of 3.29%, an Annual Percentage Yield (APY) of 3.34%.

If you meet the eligibility critieria, you must request that a "Growth tier" account to be enabled and have funds in that specific deposit account. To make a request, please email with the subject "Growth Tier Banking Request".

Fee Schedule

Fees are subject to change at any time.

Service Fee
Monthly Account Fee $0
Incoming Domestic Wire $0
Outgoing Domestic Wire $0
Incoming International SWIFT Wire $0
Outgoing International SWIFT Wire $0
Physical Debit Card $0/card
Virtual Debit Card $0/card
ACH Transaction Fee $0
International Debit Card Transactions Visa conversion fees may apply
Mininum Balance None

Rewards Program

To be eligible for Rewards you must have an active AngelList Deposit Account, agree to the terms of conditions of both AngelList as well as AngelList for Startups, be a Delaware C Corporation, and must meet all of the following criteria:

  • You must use your AngelList Business Deposit Account and AngelList Business Debit Card to be eligible for rewards
  • You must have received confirmation from AngelList of your eligiblity period for rewards.
Listed Rewards
  • AngelList Software: Customers will receive access to a suite of software services, including fundraising tools and offers. Access to the software is subject to the Terms & Conditions of the AngelList software suite.
  • ATM Fee Reimbursements: Customers may receive upto four ATM fee reimbursements per calendar month for ATM transactions made on the AngelList Business Debit Card. The reimbursement amount per transaction shall be determined solely by AngelList. To request a fee reimbursement, you must email AngelList within seven (7) business days of the ATM transaction with the amount of ATM fees charged.
  • Credits & Discounts: AngelList may offer credits and discounts to services offered by AngelList or external partners.
The terms and rewards of the program are subject to change. AngelList reserves the right to revoke your eligibility for rewards for any reason.

Account Referral Income from Banks & Partners

AngelList and/or its affiliates receives referral income from one or more of the banks referred to herein based on the amount you deposit with such a bank.

AngelList and/or its affiliates may also recieve referral income from other affiliate partners based on the amount you deposit with the banks that provide banking services for partner products.

Banking Complaint Policy

You may contact us by email at with questions concerning EFTs that occur on your Account. You may also contact us using those methods to report errors or unauthorized EFTs. Be sure to contact us immediately if you believe that an error or unauthorized EFT has occurred or may occur concerning your Account, or if your Account, debit card or Online Services login credentials have been lost, stolen or compromised. You must contact us no later than thirty (30) days after we sent the FIRST statement on which the error or unauthorized EFT appeared. You must provide us with the following information:

  • Your name and Account number.
  • A description of the error or the EFT you are unsure about and why you believe it is an error or why you need more information.
  • The dollar amount of the suspected error.
  • If you tell us orally, we may require that you send us your complaint or question in writing by email within ten business days.

After receiving your notice of error or unauthorized EFT, we will investigate and provide you with the results and any corrections we make to your Account within a commercially reasonable time.

Increased Insurance Eligibility Account Program

By participating in the Increased Insurance Eligiblity Account program, you are authorizing us to withdraw funds from your account into a deposit account at Blue Ridge Bank, N.A. which sweeps those funds into deposit accounts across a network of FDIC-insured banks, for up to the current Standard Maximum Deposit Insurance Amount (“SMDIA”) of $250,000 per eligible depositor, per destination institution, for each ownership capacity or category, subject to applicable terms and conditions in Blue Ridge Banks's ICS Deposit Placement Agreements.

Blue Ridge Bank, N.A. uses third-party vendors and agents to help administer this sweep process. Click here to view list of the banks and savings associations with which Blue Ridge Bank has a business relationship for the placement of deposits at destination institutions, and into which your deposits may be placed (subject to applicable terms). This list of banks may change at any time. You can access your funds at the other banks only by directing us. You will not be able to access them directly from those banks. Withdrawal requests will be deposited into your primary Blue Ridge Bank NA account on the AngelList Startup Banking product, subject to normal settlement windows. If there are banks you do not want your funds deposited at, you may opt out of the program by contacting us at

AngelList is not a bank. All banking services are provided through third-party banks. AngelList does not guarantee that every dollar held by a company on the AngelList Startup Banking product will have complete FDIC insurance coverage and AngelList does not provide any insurance on capital held. Any insurance coverage, if eligible, is provided by the FDIC through third-party banking partners.

International Payments

Payment services are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.

Please note that funds relating to Currencycloud's services are not FDIC insured. When funds are posted to your account, e-money is issued in exchange for these funds, by an Electronic Money Institution who we work with, called Currencycloud. In line with regulatory requirements, Currencycloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank and, most importantly, is protected for you in the unlikely event of Currencycloud’s, or our insolvency. Currencycloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.

Banking Services in the United States provided by Community Federal Savings Bank

FX Transactions will be charged a 1% conversion fee.

Have a question?

If you have questions, we would be happy to chat with you and clear things up for you.

Email us

AngelList Banking Phone Line

(628) 204-6459

View Term and Conditions View E-Sign Agreement