---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-068403"
form_type: "8-K"
ticker: "BILL"
cik: "0001786352"
company_name: "BILL Holdings, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:41:01.500985+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BILL discloses $300M corporate cash and $370M customer funds at SVB; expects minimal impact after government backstop

## Summary
- Corporate cash at SVB was ~$300M of $2.6B total; largely uninsured initially.
- Customer trust funds (FBO) at SVB ~$370M of $3.3B total.
- After Federal Reserve/Treasury/FDIC joint action on March 12, all depositors fully protected; BILL expects access to substantially all deposits.
- BILL redirected SVB payment processing to other banks; intends to use corporate cash to cover any uninsured FBO funds if needed.
- Company believes existing cash and cash flow sufficient; closure expected to have minimal impact on financial position.

## SEC filing metadata
- accession: 0001193125-23-068403
- form_type: 8-K
- ticker: BILL
- cik: 0001786352
- company_name: BILL Holdings, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786352/000119312523068403/0001193125-23-068403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786352/000119312523068403/d459924d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-068403
- JSON: https://secwatch.observer/filing/0001193125-23-068403.json
- Plain text: https://secwatch.observer/filing/0001193125-23-068403.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.