Once you create more than one checking or savings account on Relay, you can easily move funds from one account to the other, and even set up recurring transfers between accounts.
How to make an internal transfer
- Sign in to your Relay account.
- On your Home page, click Move money at the top-right corner of your screen.
- Select Transfer money from the drop-down menu.
- Select the checking or savings account you would like to transfer the money from.
- Select the account you would like the money to be transferred to.
- Enter the transfer amount.
- Confirm the transfer frequency (i.e., one-time or recurring)
- For a recurring transfer, set the scheduled date of the first transfer and the transfer frequency.
- [Optional] Add an internal note, or memo, to indicate the reason for the transfer.
- Click Next.
- Confirm the transfer details, then click Initiate transfer.
- Click Done.
- Sign in to the Relay app on your mobile device.
- On your Home page, tap Move money at the top of your screen.
- Select Transfer between accounts.
- Select the checking or savings account you would like to transfer the money from.
- Select the account you would like the money to be transferred to.
- Enter the transfer amount.
- Confirm the transfer frequency (i.e., one-time or recurring)
- For a recurring transfer, set the scheduled date of the first transfer and the transfer frequency.
- [Optional] Add an internal note, or memo, to indicate the reason for the transfer.
- Click Transfer.
Insufficient funds
Relay cannot process a transfer if there are insufficient funds in the source account. If you attempt to transfer more money than is available from the selected source account, you will receive a message telling you the total must not be greater than the balance of the checking account. The Next button will be greyed out until you've selected a new source account with sufficient funds available.