Frequently asked questions

Rivo Autopilot automatically earns on the idle cash sitting in your bank account. It moves idle balances into U.S. Treasury Bills and brings them back before bills hit.

Rivo Autopilot monitors your income, expenses, and idle cash in real time. It moves money you are not using into U.S. government-backed assets, and brings it back to your account before bills are due. Your funds are always accessible when you need them. You can withdraw your available funds through your app and it may take 2-5 business days for funds to show up in your external connected account.

A High-Yield Savings Account (HYSA) is simple: you deposit cash in a bank, it's FDIC-insured, and you earn a variable interest rate that's still guaranteed by the bank. Rivo works differently. Instead of sitting in a bank account, your idle cash gets automatically invested in short-term U.S. Treasury Bills through Rivo's brokerage partner. This changes a few things. Protection: You get SIPC coverage (up to $500,000) instead of FDIC insurance. SIPC protects your assets if the brokerage fails, but it doesn't guarantee returns the way FDIC-backed accounts do. Returns: Because it's a market-based investment, your return can vary and isn't guaranteed like a bank rate. Automation: If you are on Rivo Autopilot, you don't have to manually move money around. Rivo automatically pulls funds back into your account before your bills are due, though transfers take 2-5 business days, so timing matters. Risk if you sell early: If you need to access your money before the T-Bill matures, selling early could reduce your return.

Unlike budgeting apps that only track expenses, Rivo Autopilot actively manages and moves your money for you. While traditional banks typically offer minimal interest on checking and savings balances, Rivo puts your idle cash to work in short-duration U.S. Treasury Bills - and plans ahead of your bills so funds are back in checking before they're due*.

Rivo was founded by Ambrish Tyagi, who previously led AI at Cruise during the launch of its commercial robotaxi service in San Francisco and built applied AI teams at Amazon. The founding team includes leaders from Personal Capital, Mint, Capital One, JPMorgan Chase, and Microsoft, with deep experience in building and scaling consumer finance products, risk management, and AI systems.

Rivo is designed for any household looking to earn more on idle cash sitting in their bank account, automate bill and loan payments, eliminate idle cash drag in low-interest accounts, and move money instantly across accounts with ease.

No. Rivo works with your existing bank accounts. It connects securely and automatically earns on your idle cash without requiring you to switch banks, move direct deposits, or modify your bill pay setup.

Simply download the Rivo app, securely connect your bank accounts, and let Rivo Autopilot analyze your finances and set up an automated earning plan. You may be asked to upload identity documents to complete verification, have a government-issued ID ready.

It takes just a few minutes to sign up and securely link your accounts. Rivo starts working on your money once the transfer of funds is completed, within 2-5 business days.

Rivo supports thousands of banks and credit unions across the U.S. through Plaid's secure integration.

Yes, you can connect multiple bank accounts. However, at this time, Rivo AutoPilot supports earnings for one primary bank account. More options are coming soon.

Rivo works best for households with $5,000+ in their checking account, though there's no hard minimum. If you keep less, the earnings may not be significant enough to matter.

Once you connect your account, Rivo begins analyzing your cash flow. Most users see their first money movement within a few days. Earnings are calculated daily and paid at T-bill sale or at maturity.

Yes, Rivo is a brokerage-based product. Your cash is automatically invested in short-duration U.S. Treasury Bills. While these are backed by the federal government and remain independent of equity market swings, they carry standard fixed-income risks. Fluctuations in interest rates may affect value if assets are liquidated before they mature.

Your extra cash is held in short-term US Treasuries through regulated partners. It is designed to be a safer parking place than leaving everything idle in checking.

Treasury bills are short-term debt obligations issued by the U.S. Treasury. T-bills are considered one of the safest investments available and serve as a benchmark for low-risk returns. They are also among the most highly liquid instruments in global financial markets, so there are minimal price impacts when bought or sold. For US investors, T-bill earnings may be exempt from state and local taxes.

Rivo invests your idle cash in 4-week U.S. Treasury Bills and passes the yield back to you, minus a 0.05% monthly management fee (approximately 0.6% per year). Because we operate with lower overhead and no costly branches, we can pass more of that yield to you. The rate adjusts based on prevailing Treasury rates and Federal Reserve changes.

Rivo charges a flat monthly management fee of 5 basis points (0.05%), calculated on the average daily balance of your Rivo account. The fee is automatically deducted from your account each month. If the account's cash balance is insufficient, the system will automatically liquidate a sufficient amount of Treasury bills to cover the fee.

If you have a taxable event, you'll receive the appropriate tax documents. Documents will be accessible through the app. Your tax form (Form 1099) will list Jiko Securities, Inc. as the payer, this is correct because Rivo partners with Jiko to custody your T-bill investments. T-bill earnings may be exempt from state and local taxes. We recommend consulting a tax advisor for your specific situation.

Rivo detects upcoming credit card and loan payments, ensuring payments are made on time by moving funds automatically from the best-earning accounts while keeping liquidity intact.

Rivo Autopilot is designed to reduce overdraft risk, not eliminate it. We use buffers, a floor balance you set, and move money back into your account before your bills are due to keep routine spending covered. Rivo only moves money it identifies as truly idle. But we can't guarantee an overdraft will never happen: unexpected charges, timing changes, or your own spending can still outpace the buffer, and your bank's own overdraft policies still apply. If you ever do run into an overdraft, reach out and we'll look into what happened. You can adjust your buffer or pause automation anytime.

If spending spikes, Rivo adapts by keeping a larger buffer and can pause sweeps. You will also see notifications so nothing surprises you.

Absolutely. You have control over thresholds, minimum balances, and how much Rivo is allowed to transfer based on your preferences.

Yes. You can configure a minimum threshold for your checking account, ensuring that Rivo never moves more than you're comfortable with.

Yes. Rivo's AI adapts to fluctuating income patterns and ensures that your financial needs are met before moving any money.

Rivo adjusts as patterns change and you can increase your buffer at any time. If things look uncertain, it becomes more conservative.

No. Rivo only moves money based on the permissions you've granted us. Once automation is on, you won't be asked to approve each individual transfer, but you'll get a notification before every transfer and you have six hours to cancel it. You're always in control - change your settings, pause, or disconnect anytime.

Yes. We send an email at 5PM Pacific before moving money and you have until midnight to manually cancel it.

Yes, you are in control. You can withdraw your available funds anytime through your app, up to $15,000 per day. To request a withdrawal, log in, go to 'Transfer Funds,' and enter the amount.

You can withdraw your available funds through your app and it takes 2-5 business days for funds to show up in your external connected account.

Access your funds anytime. US Treasuries are highly liquid, so you can sell early if needed. However, keep in mind that sales prior to maturity may incur costs and affect your realized yield.

Rivo is a technology company, not a bank, broker-dealer, or investment adviser. All U.S. Treasury investments are held through Jiko Securities, Inc. (member FINRA/SIPC), and banking services are provided by Jiko Bank (FDIC). Rivo does not store or have access to your banking credentials. We use 256-bit encryption and are SOC 2 compliant. We never sell your data or share it for advertising purposes, see our Privacy Policy for details on how we work with financial partners. See our full disclosures for more details.

Rivo is a technology company, not a bank, broker-dealer, or investment adviser. Your money is held by our partners, and coverage depends on where it sits. Cash held as a deposit at Jiko Bank (a division of Mid-Central National Bank, Member FDIC) is FDIC insured up to applicable limits. U.S. Treasury Bills are held in a brokerage account at Jiko Securities, Inc. (member FINRA/SIPC). T-Bills are securities, not bank deposits. They are Not FDIC Insured, carry No Bank Guarantee, and May Lose Value. SIPC protects the custody of your securities up to $500,000 if the broker-dealer fails, but it does not protect against a decline in market value. T-Bills are backed by the full faith and credit of the U.S. government when held to maturity.

T-bills are backed by the U.S. government and are considered low-risk, but they carry standard fixed-income risks. If sold before maturity, fluctuations in interest rates may affect value. The core strategy uses short-duration Treasuries, and you can pause or opt out anytime.

All our partners are listed in our Trust Center under Sub-Processors.

Rivo connects securely and uses limited permissions. You control linking and you can disconnect anytime.

Rivo connects to your bank accounts through Plaid. Plaid gives us read-only access to your account data (balances and transactions). To actually move money, you separately authorize Rivo to move funds on your behalf, which you can revoke anytime.

Rivo maintains a strict policy against the sale of customer personal information. We explicitly commit that we will not sell or share your name, address, phone number, email, or any other private information to third parties. Our fee-for-service pricing structure allows us to sustain our operations while ensuring your identity and personal information remain private and protected.

We build in conservative buffers and learn your patterns over time. But if something unexpected happens, you can pause automations instantly or disconnect entirely. You're always in control.

Yes. Open the Rivo app and go to Manage AutoPilot. Tap Deactivate to stop, or choose from available pause options to temporarily suspend for a set period. You can reactivate at any time.

Yes. You can cancel at any time.

Your funds are returned to your linked bank account and any active automations are stopped. You retain full access to your account history.

You can reach out through the in-app support chat, email us at support@rivofi.com, or visit our website rivofi.com for more information. Human agent support is available Monday–Friday, 9am–5pm PST. Outside those hours, you can leave a message and we will respond as soon as possible.