Toast Balance: Quick Start Guide

This guide applies only to certain eligible Toast customers. Please note — Toast Balance is currently in limited release with a select number of Toast customers and may not be available to you if you accessed this page from outside of your Toast Web backend.

Toast is not a bank. The Toast Balance Account is issued by Thread Bank; Member FDIC.

1. Log into your Toast Balance Account†

To log in, visit the Financial Products page from your Toast Web backend, click on Toast Balance, and authenticate your account. You can visit your Toast Balance Account Dashboard by clicking here.

†Toast is not a bank. The Toast Balance Account is issued by Thread Bank; Member FDIC.

2. Get the most out of your Toast Balance Account

Unlock 3.27% APY

Earn 3.27% APY (Annual Percentage Yield)* when your balances across all of your Toast Balance Accounts are $25,000 or higher, or 3.05% APY when your balances are below $25,000.

*Interest rate of 3.01% and Annual Percentage Yields (APY) of 3.05% for accounts with balances below $25,000, and interest rate of 3.22% and APY of 3.27% for accounts with balances $25,000 or higher, are effective as of 10/23/2023. The interest rates and APYs are variable and may change at any time. Fees may affect earnings on the account.

Deposit funds to your Toast Balance Account

Start earning interest by making your first deposit into your Toast Balance Account.

You can easily add funds via ACH (automated clearinghouse) — plus, there’s no fee for ACH transfers. Please note there is a $25,000 daily ACH deposit limit, and a $100,000 total monthly ACH deposit limit.

Under Account Actions, click on Add funds to my account.
1. If you haven’t deposited money before, you can also click on the Add funds button that appears on your Toast Balance dashboard.
Link your bank’s information through Plaid.
Select the bank you just added.
Enter the amount you would like to transfer to your Toast Balance Account.

You can also wire money into your Toast Balance Account. Note that inbound wire transfers have a $5 fee (no fee for inbound wires of $100,000 or more). There is also no dollar limit for domestic inbound wire transfers. All inbound wire fees are reimbursed for the first month after opening your account — act fast if you prefer to use a wire instead of an ACH!

Find your Toast Balance Account and routing numbers

Under your Toast Balance Account, click on Show account details.

Set up an Auto Savings for your card sales processed through Toast

Take the manual work of depositing funds into your Toast Balance Account out of your day-to-day. Maximize the return on your hard-earned sales by contributing a fixed percentage of your daily card sales processed through Toast into your Toast Balance Account.

Under Your total balance, navigate to your Toast Balance Account number and click on the three dots on the right.
In the menu that appears, click on Edit your daily sales deposit preferences.
Select a desired percentage of daily sales you would like to have automatically deposited into your Toast Balance Account.
1. It may take up to a day for Auto Savings to start working depending on your restaurant's payment capture and daily deposit settings.
2. This percentage is applied across all restaurants associated with your business.

Your daily sales contribution percentage is displayed on your Toast Balance dashboard.

Safeguard your Toast account with Multi-Factor Authentication (MFA)

MFA can help to protect your account by adding an extra layer of security to prove who you are when logging in. Visit https://central.toasttab.com/s/article/Setting-Up-Multi-Factor-Authentication for detailed instructions

How to connect Toast Balance to QuickBooks

Log into the relevant Intuit product and select to connect a new bank account.
Within the directory, search for and select the Toast Balance Account, and enter the mobile phone number associated with your account.
A verification code will be sent via SMS for you to authenticate your account.
Your Toast Balance Account information and other transaction data will be automatically published to Intuit.
1. Mint will pull 90 days of transaction history.
2. For Quickbooks, you can select a timeframe to import.
You can revoke Intuit's access to your account at any time.

3. Toast Balance FAQs

Visit our full Toast Balance FAQs here.

Is there a monthly fee?

There is no monthly fee for the Toast Balance Account and there is no minimum balance required.

How much does it cost to transfer funds to and from my account?

There is no fee for ACH transfers into or out of your account. For wire transfers, there is a fee of $5 for each inbound wire transfer. This fee will be refunded within 10 business days if (1) your wire transfer is made during the first month your account is open, or (2) if your wire transfer is for $100,000 or more. There is a fee of $25 for each outbound wire transfer.

Is there a limit to the percentage of sales I can divert to the Toast Balance Account?

There is no limit. The transfer will occur each day after all other scheduled debits are withdrawn (e.g. Toast Capital repayments). If remaining funds after all scheduled debits are deducted equate to less than the percentage you set for your daily deposit transfer, all remaining funds will be swept to your Toast Balance account effectively reducing the % of daily sales diverted.

Can I overdraft my Toast Balance Account?

No. We don’t currently offer overdraft protection. If you attempt a transaction for more money than you have, it will get declined.

4. Where to get support

Please reach out to toastbalance@toasttab.com if you encounter any issues or have questions. Our customer service hours are Monday - Friday between 9am - 5pm ET.

Toast is not a bank. The Toast Balance Account is issued by Thread Bank; Member FDIC.