Relay1 is the business banking and money management platform that puts small businesses in complete control of their cash flow.
Who we are
Relay is small business banking that puts you in complete control of what you’re earning, spending and saving. With no account fees, overdraft fees, or minimum balance requirements, small business owners banking with Relay can manage their finances worry-free.
Beyond the business banking basics
With Relay, small business owners get:
- Up to 20 individual checking accounts
- 2 savings accounts with 1.00%-3.00% APY2
- Physical and virtual debit cards for you and your team
- Credit cards with up to 1.5% cashback3
- Payments via ACH transfer, wire, or check
- Direct integrations with QuickBooks Online and Xero
- Ability to capture and store receipts for safekeeping
Get the income overview
Collect income in one place to see what you’re working with. Consolidate all of your payments—including ACH transfers, wires, checks and payouts from tools like PayPal, Stripe, Square and more.
Earmark the essentials
Use up to 20 accounts to organize and allocate income for things like day-to-day expenses and payroll. Automate the transfer of income into each account using dollar amounts or percentages.
Save for the future
Use savings accounts to separate and continually contribute to reserves for taxes, investments in your growth and unexpected emergencies. Savings accounts earn 1.00%-3.00% APY2, and you can open up to 2 savings accounts per business.
Feel in complete control
A crystal-clear picture of your cash flow helps you make more intelligent, more informed decisions about your money—no more overspending or overextending.
Make profit a habit
As the official banking platform for Profit First Professionals, Relay keeps you on track with the Profit First method. Open accounts in seconds, set up auto-transfer rules and put allocations on autopilot.
Know where every dollar is going
Take the grind out of expense tracking with ultra-detailed data. Relay cleans and standardizes vendor names, captures receipts from card spend and keeps a record of team spending.
Bookkeeping that doesn’t give you a headache
Relay directly syncs comprehensive data for in- and outgoing transactions to QuickBooks Online and Xero for simple, speedy and meticulous bookkeeping.
Delegate your money management
Role-based user permissions allow your accountant, bookkeeper and team members to help with bookkeeping, bill payments, third-party check approvals, and other day-to-day banking tasks.
Make tax season easier
All transactions are neatly reconciled at month-end. There’s no need to chase contractors for W-9 forms. Receipts are safely captured and organized. And you’ve been saving throughout the year for your tax bill.
Your money — protected
Feel safe knowing that FDIC insurance is provided through Thread Bank.3,4 Your cards are also covered by the Visa® Zero Liability Protection4 Policy.
All Relay accounts come with:
- FDIC insurance up to $3M via Thread Bank3,4
- Visa® Zero Liability Protection4
- Two-factor authentication and biometric security
Can I request a live Relay demo?
Relay holds live bi-weekly webinars with members of our Marketing, Sales, and Customer Experience teams for those interested in learning more about our platform.
To register for an upcoming webinar, or to view recordings of past webinars, please visit https://bankwith.relayfi.com/webinars/.
Before submitting an application
Relay supports accounts for businesses that are registered and operate in the United States. Please note that certain industries are not supported on Relay, and business owners residing in the countries listed here will not be eligible for a Relay account at this time.
Additionally, Relay does not support accounts for personal banking, Escrow, trusts, or 401Ks at this time.
Ready to be On the Money?
For a full overview of the required documents and information needed to complete your application, please see Required documents and information.
To apply for a Relay account, please visit https://app.relayfi.com/register. It only takes a few minutes to submit an application.
Need help? Have additional questions? Contact our Customer Experience team and we'd be delighted to assist you.
1 Relay is a financial technology company, not a bank. Banking services and FDIC insurance are provided through Thread Bank3,4; Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® cards are accepted. The Relay Visa® Credit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.
2 The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. APY will vary between 1.00%-3.00% depending on the balances held. Earn 1.00% APY on savings balances of less than $50,000, 1.50% APY on savings between $50,000 and $250,000, 2.00% APY on savings balances between $250,000 and $1,000,000 and 3.00% APY on savings balances of more than $1,000,000. There are no minimum balances or minimum deposits required to earn interest on your account.
3 Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions regarding the sweep program.
Payment services (non banking/checking accounts or services) are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.
4 Please note that funds relating to Currencycloud's services are not FDIC insured or protected by the Visa Zero liability protection policy. In regards to Currencycloud's services when funds are posted to your account, e-money is issued in exchange for these funds, by an Electronic Money Institution who we work with, called Currencycloud. In line with regulatory requirements, Currencycloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Currencycloud’s, or our, insolvency. Currencycloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.