Introducing Stedi Treasury

You can now enroll for EFTs, then receive and automatically reconcile payments from payers with Stedi Treasury.

Stedi Treasury unlocks simple EFT enrollment along with automatic reconciliation. You can enroll for EFTs and track the entire claim lifecycle from claim submission to payout in the Stedi portal.

Previously, providers had to navigate a confusing variety of payer-specific processes to enroll for EFTs. Reconciling each payment to the corresponding ERA and related claims took a series of manual steps.

Watch the 2026 Stedi Keynote announcement:

How Stedi Treasury works

When a provider signs up for Stedi Treasury, we provision a demand deposit (DDA) bank account in the provider's name via our banking partner, Grasshopper Bank. Treasury accounts are in the provider's name, FDIC-insured up to $250,000, and are fully integrated with your Stedi account for payment tracking and reconciliation. Each Treasury account takes about five minutes to set up.

With Treasury, you submit and track EFT enrollments with the same transaction enrollment process you already use for ERAs, either using the Stedi portal, CSV, or API. Where possible, Stedi handles the paperwork for you, including generating voided checks and verification letters, and verifying micro-deposits.

Once the enrollment process is complete, payments from payers land in the provider's Stedi Treasury account. Stedi then automatically pays out the full amount to the provider's external bank account as a next-day ACH payment. Stedi doesn't delay or batch the funds.

Setup for Stedi Treasury takes three steps:

Create one or more billing entities for the provider.
Link each billing entity to an external bank account.
Enroll the provider for EFTs through Stedi with each payer.

Stedi supports over 750 payers for EFT enrollment, with more being added every day. Check the Payers API or the Stedi Payer Network to confirm that a payer supports EFT and to check their enrollment requirements.

Payments and payouts

The Payments page lists funds a payer sends to a Treasury account. A payment is Pending while the funds settle, then Received.

The Payouts page lists payouts – ACH deposits from a Stedi Treasury account to the linked external bank account. Each payout lists its current status, moving from Pending to In transit to Paid.

Each payment gets its own payout for easier tracking. If a Stedi Treasury account receives a $100 payment, Stedi issues a $100 payout. Payouts aren't bundled. Any fees are billed separately.

You can also access monthly bank statements showing all credits and debits to the billing entity's Stedi Treasury account.

Automatic reconciliation

If you submit claims and receive ERAs through Stedi, you can trace an individual payment on the payment's detail page back to its ERA and claim in the Stedi portal's claims view.

Stedi associates payments with ERAs based on the reassociation trace number returned in both.

Stedi Lockbox

A Stedi Lockbox is a mailing address that receives payer mail on the provider's behalf. When you sign up for Stedi Lockbox, you get one. You can give the address to payers whenever they require a mailbox for paper remits.

When a Stedi Lockbox receives a paper check, it's automatically scanned and deposited into the associated Stedi Treasury account. These check deposits appear in the Stedi portal the same way EFTs do, with one addition – a Mail card showing that the payment arrived as a paper check.

When a Stedi Lockbox receives a paper remit, such as an EOP or EOB, Stedi makes it available in the related Stedi account as a PDF. Each PDF includes optical character recognition (OCR) text, so you can process the contents downstream.

Availability and pricing

Stedi Treasury is generally available in the Stedi portal for Stedi production accounts. API access is coming soon. Contact us to turn it on for your account.

Stedi Treasury is priced as a percentage of gross payment volume. Fees are billed separately from payouts. See our pricing page for rates.

Stedi Lockbox is in private preview for Stedi production accounts. Reach out if you're interested in joining the preview.

For more details, see our announcement blog.

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Stedi is a financial technology company, not a bank. Banking services are provided by Grasshopper Bank, N.A., Member FDIC. The FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured bank.