Frequently Asked Questions

Questions? We’ve got you covered.

U.S. Treasuries FAQ

Does Meow ever touch my money?

When you submit a 10 minute online application at Meow, you’re submitting your application to Bank of New York Mellon Pershing.

Bank of New York Mellon Pershing is a $2 trillion FINRA-regulated broker-dealer / custodian.

Upon approval, you receive your own unique account number and segregated brokerage account at Pershing.

Meow is never in the flow of funds and the health of Meow’s business has 0 impact on the protection and safety of your company’s capital.

Meow is simply the software layer and control panel for your corporate treasury.

Are my U.S. Treasuries held in my own name?

Your securities are held in your own name with your own unique account number in your own segregated BNY Mellon Pershing brokerage account.

The power of owning U.S. Treasuries directly is that you aren’t susceptible to a bank run.

If you keep the bulk of your cash in a checking account, you are taking the risk of a bank run because the underlying bank never keeps 100% of your deposits on hand at one time.

Your deposits are potentially lent out to others because this is how the bank earns money.

However, with a BNY Mellon Pershing brokerage account, your securities are never lent out to another party.

You own your own U.S. Treasury Bills directly.

What happens in the unlikely event that $2T broker-dealer / custodian BNY Mellon Pershing fails?

Your funds / securities held at BNY Mellon Pershing would simply be transferred to another broker-dealer. 

Regardless of what happens to Bank of New York Mellon Pershing, your funds / securities remain safe and accessible.

How can I receive proof of this?

All Meow customers receive monthly statements and trade confirmation documents directly from Bank of New York Mellon Pershing that can serve as sufficient documentation for audit purposes.

If useful, our team is also happy to provide a phone number for you to call to verify the status of your segregated brokerage account. 

Meow has one simple mission:

Build 100 year relationships with our customers centered on trust and transparency.

General FAQ

What is Meow?

Meow is a business banking platform built to extend your runway. This includes a high yielding checking account at 4.31% APY powered by Third Coast Bank SSB (NASDAQ: TCBX) and up to 5.07%* with U.S. Treasury Bills custodied at BNY Mellon Pershing.

What do I need to open an account?

You’ll need a company with a federal EIN, your company’s official formation documents, and your government ID. Meow supports U.S. companies as well as international jurisdictions.

Is there a maximum deposit?

Nope. Your yield is the exact same regardless of deposit size.

How long does it take to open a Meow account?

Signup takes about 10 minutes. From there, your account should be approved in about 2 business days.

Who qualifies to open a Meow account?

Meows works with businesses of all stages and sizes.

Apply in under 10 minutes

No paperwork. No commitment. Designed to get you back to building.

Open an Account
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* Meow is a financial technology company, not a bank. Banking services are provided by Third Coast Bank SSB; Member FDIC. 0.06% average checking account rate sourced from Business Insider. The information provided is illustrative or for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy, sell or hold any security. The information is as of the date indicated and may change at any time without notice. Forecasts or projections of investment outcomes are estimates only and as such they are imprecise and hypothetical in nature, do not reflect actual investment results, and are not guarantees of future investment results. Meow is not an investment adviser however we’ve partnered with Helium Advisors LLC (“Helium”), an SEC-registered investment adviser, to bring you certain investing features. All investment advisory services are provided by Helium. We are not affiliated with Helium however we receive compensation as a percentage of assets managed by Helium for promoting Helium’s investment advisory services. Our partnership with Helium gives us an incentive to refer you to Helium instead of another investment adviser that is not a partner of ours. This conflict of interest affects our ability to provide you with unbiased, objective information about the services of Helium. This could mean that the services of another investment adviser with whom we are not partnered may be more appropriate for you than those of Helium. Investing involves risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time. Helium accounts are not bank guaranteed or FDIC insured. 0.10% is sourced from's December 2020 52 week coupon equivalent yield. 4.64% is sourced from March 2023 52 week coupon equivalent rate yield. $464,000 calculated assuming's March 2023 52 week coupon equivalent yield based upon a $10 million deposit and held to maturity. Projected and/or hypothetical performance is intended to show only an expected range of possible investment outcomes based on historical average returns and standard deviation of each investment type contained in the investment mix recommended by Helium, but does not take into consideration the effect of taxes, changing risk profiles, or future investment decisions. Projected and/or hypothetical performance does not represent actual client accounts or actual trades and may not reflect the effect of material economic and market factors.
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