The registration process is slightly different for each U.S. business entity. Please find your entity type below to know which documents and information to have ready in order to open an account in less than 10 minutes! If you haven’t already, please sign up on our website to get started and enjoy no-fee banking with Relay!
Beneficial Owner (All Business Types)
- Photo of Government-issued ID (US driver’s license / US state ID card / passport)*
- Social Security Number (SSN) [U.S. citizens] or Passport Number [Non-U.S. citizens]
- Personal Address of Beneficial Owner
- Position / Title of Beneficial Owner
- Personal and Business Phone Numbers
- Email Address
Beneficial owners include:
- Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation); and
- An individual with significant responsibility for managing the legal entity customer (e.g., a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, or Treasurer).
*For international owners, Relay requires a photo of a passport for the Government-issued ID field.
Corporation:
- Articles of Incorporation
- Company By-Laws*
- Employer Identification Number (EIN)
- EIN Verification Letter (form CP-575 or 147c)
- U.S. Business Address and Phone Number
*By-laws are not required for corporations filed in AK, CA, CO, KS, LA, MI, MN, MO, NV, ND, OH, PA, RI, UT, and WI.
Multiple Member LLC:
- Articles of Organization / Certificate of Formation
- Operating Agreement for LLCs filed in CA, DE, ME, MO, NY
- Employer Identification Number (EIN)
- EIN Verification Letter (form CP-575 or 147c)
- U.S. Business Address and Phone Number
Single Member LLC:*
- Articles of Organization / Certificate of Formation
- Employer Identification Number (EIN)
- EIN Verification Letter (form CP-575 or 147c)
- U.S. Business Address and Phone Number
* If you are the sole owner of an LLC; select LLC during registration, click Next, then put 100% ownership. You will not be asked to provide an operating agreement.
General Partnership:
- Partnership Registration Form
- Company By-Laws
- Employer Identification Number (EIN)
- EIN Verification Letter (form CP-575 or 147c)
- U.S. Business Address and Phone Number
Sole Proprietor:
- DBA (Doing Business As) [if applicable]
- U.S. Business Address and Phone Number
Government-Issued Photo ID Requirements
It can be a U.S. driver’s license, a state ID, or a passport (U.S. and non-U.S. citizens). Passports are required for non-U.S. citizens.
The image file must be PNG, JPG, or JPEG. It must be a color image with no blur or flash, with the ID aligned horizontally. The four edges and corners of the ID must be clearly visible. Please follow the example below to guarantee its acceptance.
Sample photo
Other Document Formats
File types for legal documents must be PNG, JPG, JPEG or PDF.
Legal documents include:
EIN Verification Letter
Articles of Incorporation
Company By-Laws
Articles of Organization
Operating Agreement
Multiple Ownership
If more than one person has 25% or greater ownership of the company, they must be invited to Relay during initial registration. Please have all owner emails on hand when signing up. Once all owners have registered, the account will be ready to use!
International applicants with U.S. entities
Relay accepts U.S. entities with owners holding non-U.S. citizenship as well as being based outside of the U.S. Relay requires the entity to have an operating presence in the U.S.
We do not provide bank accounts for residents or citizens of U.S. sanctioned countries and a few others listed below.
Countries not supported:
Belarus
Bermuda
Burundi
Central African Republic
Cuba
Democratic Republic of the Congo
Hong Kong
Iran
Iraq
Lebanon
Libya
Nicaragua
North Korea
Sint Maarten
Somalia
South Sudan
Sudan
Syria
Ukraine
Venezuela
Yemen
Zimbabwe
Are there any industries that Relay doesn't support?
Relay is unable to support businesses that deal in providing or exchanging cryptocurrency, credit repair, privately owned ATMs, money services, unlawful internet gambling, or cannabis sales. See the full list here of Industries Relay cannot support here.
Questions? Get in touch with our Support Team at support@relayfi.com or 1 (888) 205-9304.