Frequently Asked Questions
Questions? We’ve got you covered.
U.S. Treasuries FAQ
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.
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.
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.
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.
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.
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.
Nope. Your yield is the exact same regardless of deposit size.
Signup takes about 10 minutes. From there, your account should be approved in about 2 business days.
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.