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Modern Treasury vs. Unit

Unit is a banking-as-a-service provider that issues accounts and cards for your end users. Modern Treasury is built for bank-native money movement where ACH, RTP, FedNow, stablecoins and ledgering are first class.
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Feature Comparison

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Partial
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Primary use case
Unit
Banking-as-a-service: issuing deposit accounts, debit cards, and money movement to your end users.
Modern Treasury
Payments infrastructure built for multi-rail money movement where ACH, RTP, FedNow, stablecoins and ledgering are first class.
Bank model
Unit
Operates on Unit's partner-bank network. Platforms do not bring their own bank.
Modern Treasury
Start with our Payment Service Provider (PSP). Add direct bank partners as you grow—without changing your integration.
End-user account issuance
Unit
Issues deposit accounts and debit cards to your platform's end users.
Modern Treasury
One API for multi-rail payments, programmable accounts, real-time reporting, and built-in compliance.
Card issuing
Unit
Debit and charge card issuing is part of the product.
Modern Treasury
Card issuing is not in scope. Modern Treasury focuses on bank-rail money movement and ledgering.
Payment rails
Unit
ACH, wire, book transfers, and card. Real-time rails are available within the Unit product.
Modern Treasury
ACH, RTP, FedNow, wire, and stablecoins (USDC) — one platform for fiat and stablecoins.
Real-time ledger
Unit
Account balances and transactions are exposed by the platform.
Modern Treasury
A single, immutable system of record to track balances, transactions, and money movement across your entire stack.
Stablecoins
Unit
Stablecoin rails are not part of the product.
Modern Treasury
Native USDC support across the same API as fiat rails.

Where the Approaches Differ

Unit and Modern Treasury solve different problems. Four practical differences matter most for platforms choosing between them.

Multi-rail money movement

Modern Treasury is payments infrastructure that brings together fiat and stablecoin payments, programmable accounts, real-time reporting, and built-in compliance all via a single API.

Bank model

Open accounts for individuals and businesses. Move fiat and stablecoin payments backed by a real-time ledger. Start with our PSP. Add direct bank partners as you grow—without changing your integration.

Card issuing

Card issuing is part of Unit's product. Modern Treasury does not issue cards.

Stablecoins and RTP/FedNow

Modern Treasury supports RTP, FedNow, and USDC on the same API as ACH and wire.

Different Platforms, Different Infrastructure

This isn’t a better-or-worse comparison, it’s about fit. Here’s where each product belongs.
Unit banking-as-a-service diagram

Unit is best for:

  • Embedding deposit accounts for end users
  • Issuing debit or charge cards to end users
  • Consumer fintech and SMB neobank-style products
  • Teams that want a single banking-as-a-service vendor
Modern Treasury settlement interface

Modern Treasury is best for:

  • B2B platforms running ACH, RTP, FedNow, and wire at scale
  • Vertical SaaS embedding payments into their product
  • Platforms managing sub-accounts or third-party funds
  • Fintech platforms requiring ledger and compliance infrastructure
  • Companies that need one platform for fiat and stablecoins
Sound like you? Let’s talk→
$600 Billion

Payments Processed

One API

Across Fiat and Stablecoins

Days

Not Months to Go Live

Common Questions About Modern Treasury vs. Unit

Direct answers for platforms evaluating their payment infrastructure options.

Unit is a banking-as-a-service provider that lets platforms issue deposit accounts, debit cards, and run money movement for their end users on Unit's partner-bank network. Modern Treasury is a fully integrated PSP built for platforms that need more than a payment processor. You get multi-rail payments across ACH, wires, RTP, FedNow, push-to-card, and stablecoins, sub-accounts, a native ledger for real-time visibility, and compliance built in — all through one API.

We provide multi-rail payments, programmable accounts, real-time reporting, and built-in compliance. If you already have bank relationships, you can bring them. If you're starting fresh, we own the FBO, handle underwriting, and manage compliance so you don't have to. And when you're ready to graduate to your own bank partners, the same APIs carry over — no replatforming required.

Some platforms use a banking-as-a-service product like Unit for end-user account issuance and Modern Treasury for multi-rail money movement and ledgering across other banks and rails. The two systems address different layers of the stack.

No. Card issuing is not in scope. Modern Treasury focuses on bank-rail money movement, ledger infrastructure, and reconciliation.

Yes. Platforms can launch on Modern Treasury's partner banks and migrate to their own bank later, or operate across multiple banks from day one — without changing the integration.

If your platform needs to issue deposit accounts and debit cards to end users on a partner-bank network, Unit is built for that. If you need multi-rail money movement, ledger infrastructure, RTP/FedNow, or stablecoin support, Modern Treasury is purpose-built for that.

Ready to Build on the Right Infrastructure?

If your platform is moving money across multiple banks and rails, we’re ready to talk.