Thread Bank is Relay’s Partner Bank, and they handle the core banking tasks created within Relay.
Through Thread, every business on Relay is FDIC-insured1 up to $3,000,000.
For more information on Thread Bank, visit their website at https://www.thread.bank/.
1 Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided by Thread Bank; Member FDIC. Relay customers are insured up to $3,000,000 per business by the FDIC through an insured cash sweep program managed by Thread Bank, Member FDIC.