Accounting · head to head
Modern Treasury vs Sila
Modern Treasury
Accounting
Payment operations and ledger infrastructure that sits between your product and your own bank accounts
- From
- On request
- Rated
- -
Sila
APIs
US money movement API for ACH, RTP and FedNow with KYC and ledgering built in
- From
- On request
- Rated
- -
The short version
- Each has a real cost: Modern Treasury you must already have or be able to obtain your own bank accounts with the right connectivity, so early stage companies without a banking relationship cannot use it and are pushed towards a sponsor bank model instead.; Sila no pricing is published, so you cannot compare Sila against Moov or Dwolla without entering two sales processes, and small programmes frequently find the monthly minimum dominates their cost at low volume.
- They diverge on capability: Modern Treasury covers Multi-rail payment initiation, Sila covers ACH origination.
- Prices and features above were last checked on 31 August 2026.
Where they differ
Only the attributes on which Modern Treasury and Sila actually diverge.
| Attribute | Modern Treasury | Sila |
|---|---|---|
| Platforms | Web | Web, API |
| Category | Accounting | APIs |
Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Modern Treasury
- Multi-rail payment initiation
- Bank connectivity
- Ledgers
- Automatic reconciliation
- Approval workflows
- Compliance tooling
- Return and exception handling
Only in Sila
- ACH origination
- Instant rails
- KYC and KYB
- Ledger
- Wallets and holds
- Webhooks
- Bank-side deployment
Both cover
- Virtual accounts
What people use each for
The jobs each tool is most often brought in to do.
Modern Treasury
- A marketplace paying out to thousands of sellers that needs a ledger its application can trust rather than reconciling a payments dashboard by handnot Sila
- A lender originating and servicing loans that must track disbursements, repayments and returns against its own bank accountsnot Sila
- A company that wants to move off a banking as a service provider and hold its own bank accounts after seeing sponsor banks offboard fintech programmesnot Sila
- An insurer handling premium collection and claims payment across several rails with approval controls and an auditable trailnot Sila
Sila
- A small fintech that needs ACH, identity verification and a ledger from one vendor because it has no compliance team to assemble threenot Modern Treasury
- A marketplace paying out to sellers that wants same-day ACH and instant push options without becoming a money transmitter itselfnot Modern Treasury
- A community bank replacing batch file ACH processing with an API so it can offer real-time payments to business customersnot Modern Treasury
- A lending platform that must verify business identity, disburse funds and collect repayments on a schedule from a single integrationnot Modern Treasury
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Modern Treasury
- You must already have or be able to obtain your own bank accounts with the right connectivity, so early stage companies without a banking relationship cannot use it and are pushed towards a sponsor bank model instead.
- Pricing rests on an annual minimum commitment, and companies that miss their volume forecast pay the minimum regardless, which makes the headline per-transaction rate close to irrelevant in year one.
- Supported bank connectivity is a finite list, so if your bank is not on it you are either waiting for an integration or changing banks, which is a far larger project than adopting the software.
- It is software over banking, not banking, so it does not solve card issuing, deposit accounts or the licensing questions that a company embedding financial products still has to answer elsewhere.
- The ledger is genuinely good but adopting it properly means making it the source of truth for balances in your product, which is a significant application change rather than a payments integration and is where implementations run long.
Sila
- No pricing is published, so you cannot compare Sila against Moov or Dwolla without entering two sales processes, and small programmes frequently find the monthly minimum dominates their cost at low volume.
- Sila is materially smaller and less well capitalised than the banking-as-a-service names it competes with, which matters because your customer funds and your payment rails depend on the vendor still trading in three years.
- The sponsor bank behind your programme determines what you can offer and how fast you can change it, and bank partnerships in this sector have been reshuffled repeatedly since 2023, so a bank change during your contract is a realistic risk rather than a theoretical one.
- Coverage is United States only, so any product with cross-border ambitions needs a second payments vendor and a second reconciliation process from the outset.
- Onboarding involves compliance diligence on your own programme, and teams routinely underestimate this, with weeks lost between signing and first live transaction while policies, flow of funds diagrams and BSA arrangements are reviewed.
Pricing, plan by plan
Modern Treasury
On request- Modern Treasury Platform$undefined/year
- Platform access fee covering API, dashboard, infrastructure and support
- Usage-based fees across ACH, wires, RTP, FedNow, push to card, cheques and stablecoins
- A single annual minimum commitment that both platform and usage fees count towards
Sila
On request- Sila Payments Platform$undefined/month
- ACH, RTP and FedNow
- KYC and KYB verification
- Virtual accounts and ledger
Which should you pick?
Choose Modern Treasury if
- You need multi-rail payment initiation.
- You also want bank connectivity.
Questions people ask
- Is Modern Treasury or Sila better?
- Neither clearly leads. Modern Treasury starts at On request and Sila at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Modern Treasury or Sila?
- Modern Treasury starts at On request and Sila at On request.
- Does Modern Treasury or Sila run on more platforms?
- Modern Treasury runs on Web. Sila runs on Web, API.
- What is Modern Treasury best used for?
- Modern Treasury is most often used for a marketplace paying out to thousands of sellers that needs a ledger its application can trust rather than reconciling a payments dashboard by hand, a lender originating and servicing loans that must track disbursements, repayments and returns against its own bank accounts, a company that wants to move off a banking as a service provider and hold its own bank accounts after seeing sponsor banks offboard fintech programmes, an insurer handling premium collection and claims payment across several rails with approval controls and an auditable trail. Of those, a marketplace paying out to thousands of sellers that needs a ledger its application can trust rather than reconciling a payments dashboard by hand and a lender originating and servicing loans that must track disbursements, repayments and returns against its own bank accounts are not what Sila is typically brought in for.
- What can Modern Treasury do that Sila cannot?
- Modern Treasury covers Multi-rail payment initiation, Bank connectivity, Ledgers, Automatic reconciliation. Sila covers ACH origination, Instant rails, KYC and KYB, Ledger. Both handle Virtual accounts.
Answered from the vendors’ own pages
Modern Treasury: Is Modern Treasury a bank or a banking as a service provider?
Neither. You hold your own bank accounts and it is software over them. That avoids sponsor bank concentration risk but means you need the bank relationship yourself.
Sila: Does Sila require a sponsor bank?
Yes. Funds sit at a partner bank, and which bank that is affects your product features and your regulatory exposure, so ask before signing.
Modern Treasury: What does it cost?
Not published. A platform access fee plus usage fees across rails, on an annual term with a single minimum commitment. Negotiate the minimum, not the per-transaction rate.
Sila: Is Sila still operating?
Yes. It continues to trade and announced an API integration with GBank in 2025 covering ACH, RTP and FedNow.
Modern Treasury: Which rails are supported?
ACH, wires, RTP, FedNow, push to card, cheques and stablecoin payments, subject to what your bank supports.
Sila: What does it cost?
Sila does not publish rates. Expect per-transaction pricing plus a monthly minimum, quoted after a compliance conversation.
Modern Treasury: Do we still need our own compliance programme?
Yes. KYB, KYC and transaction monitoring are included in the platform, but you are the one holding the accounts and the regulatory obligation sits with you and your bank.
Sila: Can I use it outside the United States?
No. Sila covers US rails only.
Related pages
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