Bushel Business Account
We are making a change to benefit our current Bushel Wallet Holders. With a Bushel Business Account, you can now earn interest on your balance. Learn more below.
Why We Made the Change
We know you work hard for your money… and with tight margins, every dollar counts. That’s why we found a banking partner that could offer additional value for our customers using our Bushel Wallet product.
We have partnered with The Bancorp Bank, N.A. Member FDIC to create the Bushel Business Account. Two key benefits to this new account are:
- Competitive interest rates ~ 3.43% as of March 4, 2025*
- FDIC-insured up to $5 million through sweep program banks**
To opt in and take advantage of the Bushel Business Account, please confirm your information through the upgrade page before April 3, 2025, to avoid any interruptions. Additional data may be required for safety and security reasons.
Your old deposit account with Evolve Bank & Trust will be closed on April 4, 2025. At that time, you’ll be able to view statements and transactions from your old deposit account and access your new Bushel Business Account through the Bushel Wallet product.
What To Do If You Have Funds in Your Bushel Wallet Deposit Account provided by Evolve Bank & Trust?
There are two courses of action you can take before your Bushel Wallet Deposit Account provided by Evolve Bank & Trust is closed:
You can transfer your Bushel Wallet deposit account balance to your linked bank account before the upgrade, bringing your balance down to $0.00. After the upgrade, you can then load funds back into your new Bushel Business account.
You can leave your balance in your existing Bushel Wallet deposit account, and your funds will be transferred to your new Bushel Business Account via ACH on April 3, 2025. Funds will be available for transactional use on the following day, April 4, 2025, and will start earning interest.
If you take no action, your Evolve Bank & Trust deposit account will be closed, and any balance will be sent to your linked funding source.
The interest rate for the Bushel Business Account is variable and may change at any time. The disclosed interest rate is effective as of March 4, 2025.
Bushel is a financial technology company, not a bank. Banking services for the Bushel Business Account provided by The Bancorp Bank, N.A. Member FDIC. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC deposit insurance limit is $250,000 per depositor, per FDIC-insured bank, per ownership category through The Bancorp Bank, N.A. and its sweep program banks. See your Deposit Account Agreement for more details.