Keywords
vendor
No items match your query.
Try expanding your search.
ResourcesArticles
Finance operations
March 15, 2023

Can people get their money back from SVB (Silicon Valley Bank)?

Alex Song
,
Former VP of Finance & Capital Markets, Ramp
In this article
    You might like
    No items found.
    See the latest spending trends for 25k+ companies on Ramp

    Benchmark your company's expenses with Ramp's data.
    Thank you! Your submission has been received!
    Oops! Something went wrong while submitting the form.
    Spending made smarter
    Easy-to-use cards, funds, approval flows, vendor payments —plus an average savings of 5%.1
    |
    4.8 Rating 4.8 rating
    Error Message
    Thank you! Your submission has been received!
    Oops! Something went wrong while submitting the form.
    Get fresh finance insights, monthly
    Time and money-saving tips,
    straight to your inbox
    |
    4.8 Rating 4.8 rating
    Thanks for signing up
    Oops! Something went wrong while submitting the form.
    Ready to partner with Ramp?
    Time is money. Save both.
    Get started
    Ready to partner with Ramp?
    Time is money. Save both.
    Get started
    Ready to partner with Ramp?
    Time is money. Save both.
    Get started
    Table of contents

      Last Sunday evening, the Federal Reserve, Department of Treasury, and the FDIC jointly announced a full guarantee on SVB deposits, providing a significant amount of relief to the start-up and venture community. Over the course of Monday and Tuesday, numerous early reports indicated successful ACH transactions (both pull and push), wire transfers, and payroll debits. While some users faced login issues, these were hopefully temporary technical glitches. If you are having issues accessing your account, we recommend you try switching devices or browsers, or simply change your internet connection if you are attempting to access SVB online.


      It also seems that phone support and live customer service for SVB are now operational, available for those unable to access the online portal. And by Tuesday, payments have been observed flowing smoothly both into and out of SVB accounts.

      ‍

      ‍

      Try Ramp for free
      Error Message
       
      Thank you! Your submission has been received!
      Oops! Something went wrong while submitting the form.
      Alex Song
      Former VP of Finance & Capital Markets, Ramp
      Alex Song was the founding member of the Ramp Finance team. He helped build out critical infrastructure within the accounting, capital markets, FP&A, and treasury functions, among others. Prior to joining Ramp in 2020, he spent more than a decade as a credit and financials investor in the hedge fund industry, working at firms including Sculptor Capital Management, Crayhill Capital Management, Bain Capital, and Morgan Stanley. Alex holds two Bachelor's degrees from Stanford, in Biomechanical Engineering and in Economics. He also holds a Master of Business Administration from Harvard Business School. Alex is a CFA charterholder.
      Edited by
      ,
      Reviewed by
      ,
      Ramp is dedicated to helping businesses of all sizes make informed decisions. We adhere to strict editorial guidelines to ensure that our content meets and maintains our high standards.

      FAQs

      How Ramp helped modernize the Hospital Association of Oregon’s financial processes

      "Our previous bill pay process probably took a good 10 hours per AP batch. Now it just takes a couple of minutes between getting an invoice entered, approved, and processed."
      Jason Hershey, VP of Finance and Accounting, Hospital Association of Oregon
      Read case study

      How Crossings Community Church upgraded its procurement process with Ramp

      “When looking for a procure-to-pay solution we wanted to make everyone’s life easier. We wanted a one-click type of solution, and that’s what we’ve achieved with Ramp.”
      Mandy Mobley, Finance Invoice & Expense Coordinator, Crossings Community Church
      Read case study

      “An improvement in all aspects:" Why Snapdocs switched from Brex, Expensify, and Bill.com to Ramp

      "We no longer have to comb through expense records for the whole month—having everything in one spot has been really convenient. Ramp's made things more streamlined and easy for us to stay on top of. It's been a night and day difference."
      Fahem Islam, Accounting Associate
      Read case study

      How MakeStickers started maximizing the value of its cash with Ramp

      “It's great to be able to park our operating cash in the Ramp Business Account where it earns an actual return and then also pay the bills from that account to maximize float.”
      Mike Rizzo, Accounting Manager, MakeStickers
      Read case study

      How Align ENTA consolidated tools and gained control with Ramp

      "The practice managers love Ramp, it allows them to keep some agency for paying practice expenses. They like that they can instantaneously attach receipts at the time of transaction, and that they can text back-and-forth with the automated system. We've gotten a lot of good feedback from users."
      Greg Finn, Director of FP&A, Align ENTA
      Read case study

      Why Abode's CEO, Tyler Bliha, chose Ramp over Brex

      "The reason I've been such a super fan of Ramp is the product velocity. Not only is it incredibly beneficial to the user, it’s also something that gives me confidence in your ability to continue to pull away from other products."
      Tyler Bliha, CEO, Abode
      Read case study

      How The Second City expedited expense management and gained financial control with Ramp

      “Switching to Ramp for Bill Pay saved us not only time but also a significant amount of money. Our previous AP automation tool cost us around $40,000 per year, and it wasn’t even working properly. Ramp is far more functional, and we’re getting the benefits at a fraction of the cost.”
      Frank Byers, Controller, The Second City
      Read case study
      About usWhy RampCareersEmerging talentCustomersHelp centerProduct announcementsAPI documentationVersus
      Ramp Business Corporation
      28 West 23rd Street, Floor 2
      New York, NY 10010
      Join the 30,000+ businesses simplifying their finances with Ramp
      Error Message
       
      Thank you! Your submission has been received!
      Oops! Something went wrong while submitting the form.
      © 2025 Ramp Business Corporation. “Ramp” and the Ramp logo are registered trademarks of the company.
      California Residents: +1-855-206-7283
      The Ramp Visa Commercial Card and the Ramp Visa Corporate Card are issued by Sutton Bank and Celtic Bank (Members FDIC), respectively pursuant to license from Visa USA Inc. Visa is a registered trademark of Visa International Service Association. All other trademarks and service marks belong to their respective owners.
      Cashback is subject to the Ramp Rewards Terms of Service.
      1. We calculate average savings as a percentage of an illustrative customer's total card spending when using Ramp features designed to reduce business expenses. Keep in mind that this percentage is an estimate, not a guarantee. Ramp delivers savings from more than just card spending; savings can also come from non-card expenses so we may factor decreases to non-card spending into our calculation. For example, savings may result from reduced time spent on manual expense tracking, the financial benefit of cash back or other rewards, smarter expense monitoring, and eliminating costs associated with alternative solutions. Our calculations are based on platform data, industry research, customer surveys, and info on alternative options. Your actual savings may vary.
      Please visit our Terms of Service for more details. Read our Editorial Guidelines and Privacy Policy.
      Your Privacy Choices
      Ramp Payments Corporation - NMLS 2371465, Ramp Financing Corporation - NMLS 2431387
      Download on the App Store
      Linkedin LogoFacebook Logo