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Increase: A bank-backed API where the accounts sit with the provider, which suits companies without their own banking relationship
Modern Treasury
Payment operations and ledger infrastructure that sits between your product and your own bank accounts
As of 31 August 2026, Modern Treasury's pricing is not published; the vendor quotes on request. Modern Treasury runs ACH, wires, RTP and FedNow through banks you already hold accounts with, and keeps a double-entry ledger of the money. Softwr lists it under Accounting. Modern Treasury is made by Modern Treasury Corp., available on Web.
Overview
What Modern Treasury does
Modern Treasury is payment operations software. You connect the bank accounts your company already holds, and it initiates and tracks ACH, wires, RTP, FedNow, push to card, cheques and stablecoin payments through them, reconciles the returned bank statements automatically, and maintains a double-entry ledger so your application always has an authoritative balance rather than one inferred from a payments API. The structural distinction from Unit, Synctera or Treasury Prime is that Modern Treasury does not put a sponsor bank between you and the money. You hold the accounts, you own the bank relationship, and Modern Treasury is software over the top. That matters in two directions. It means you must be able to get bank accounts and negotiate the file and API connectivity yourself, which excludes early stage companies without a banking relationship. It also means you are not exposed to a sponsor bank receiving a consent order and offboarding fintech programmes, which is exactly what happened across the banking as a service market in 2024 and stranded a number of companies. Buyers are companies moving other people money at scale: marketplaces, lenders, insurers, real estate and payroll platforms. Pricing is a platform access fee plus usage-based fees across rails, on an annual term with a single minimum commitment that both platform and usage fees count towards; per-unit costs fall as volume rises. Nothing is published, so a buyer should push on the minimum, not the per-transaction rate, because for most companies the minimum is what they will actually pay in year one.
What people use it 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
Related searches
The honest half
Where it falls short
Concrete and checkable, so you can decide whether any of them matter to you. This is the half of a review a vendor will not write about 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.
Cross-shopped
What people choose instead of Modern Treasury
Each pairing was judged by two reviewers asking whether a buyer would genuinely weigh the two against each other. The ones that failed were deleted rather than published.
- Modern TreasuryvsTreasury Prime
Treasury Prime: Sponsor bank model, so it solves the bank access problem Modern Treasury deliberately leaves to you
- Modern TreasuryvsColumn
Column: A chartered bank with its own API, removing the intermediary layer entirely
- Modern TreasuryvsStripe
Stripe: Simpler if you only need to collect card payments and do not need a ledger or direct bank rails
Pricing
What Modern Treasury costs
Taken from the vendor's own pricing page. Prices move, so check before you buy.
Modern Treasury Platform
On request
- 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
- Per-unit costs decline as volume increases
- KYB, KYC and transaction monitoring included
Capabilities
Features
Multi-rail payment initiation
ACH, wires, RTP, FedNow, push to card, cheques and stablecoin payments from your own bank accounts
Bank connectivity
Maintained API and file connections to a set of US banks so you do not build them yourself
Ledgers
Double-entry ledger with immutable balances designed to be the source of truth for your product
Automatic reconciliation
Matches bank statement activity to expected payments and surfaces breaks
Approval workflows
Configurable payment approvals and role separation for treasury controls
Virtual accounts
Per-customer account structures for tracking incoming funds against obligations
Compliance tooling
KYB and KYC and transaction monitoring included in the platform fee
Return and exception handling
Tracks ACH returns and NOCs and drives the resulting ledger corrections
Answered, with sources
Questions people ask
Each answer names the page it came from, so you can check it rather than take our word for it.
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.
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.
Which rails are supported?
ACH, wires, RTP, FedNow, push to card, cheques and stablecoin payments, subject to what your bank supports.
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.
Keep looking
Where to go from Modern Treasury
- Modern Treasury alternativesEvery product people weigh against it
- Modern Treasury pricingPlans, floors and what the tiers exclude
- Modern Treasury badgesWhich rules it meets, and the figure behind each
- All Accounting softwareThe full category
- Best Accounting softwareThe shortlist, and how it was cut
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- Mercury
- Melio
- Paddle
- Payoneer
- Adyen
- Wise Business
- Bill.com
- Polar
- Creem
- Veem
- Tripletex
- TurboTax
- Vertex
- Fyle
- Microsoft Excel
- Veem
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Softwr does not host reviews and shows no star rating for Modern Treasury, because a rating we did not collect is not ours to publish. What is here is the pricing and platform detail from the vendor’s own pages, limitations we could state concretely, and alternatives a reviewer confirmed people weigh against it. Tell us if any of it is wrong.
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