Relay 2025 Review

Relay is an online banking platform designed for small businesses that want more control over how they organize, track, and manage their money. With no monthly fees and the option to open up to 20 checking accounts, Relay offers tools that may suit businesses focused on cash flow clarity and operational efficiency.

Relay is a financial technology company, not a bank. Banking services are provided by Relay’s partner banks, and deposits are FDIC insured up to $3 million through a sweep network.

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_{Relay Financial Technologies, Inc.}

Pros

• No monthly account fees or minimum balance requirements
• Up to 3.03% APY on savings
• 1.5% cash back credit card option
• 20 checking accounts for organization
• Supports ACH, wire, and check payments
• Bookkeeping integrations with receipt capture

Cons

• No physical branches
• Not a traditional full-service bank
• Access to cash may be limited depending on business needs

How Does Relay Work?

Relay allows users to set up multiple business checking accounts for different spending categories, such as taxes, payroll, or savings. The platform supports inbound payments from services like Stripe, PayPal, and Square, and allows outgoing transfers via ACH, check, or wire.

Relay integrates accounting tools to simplify bookkeeping and includes features like transaction tagging and receipt uploads. Business owners can assign user permissions to employees or bookkeepers and track activity from a central dashboard. Relay also supports Profit First budgeting methods by allowing users to split income into separate accounts automatically.

Key Features

• No monthly fees or minimum balance
• 3.03% APY available on savings
• ACH, check, and wire payments supported
• Up to 20 checking accounts
• 1.5% cashback on Relay-issued credit card
• FDIC insurance up to $3 million
• SOC 2 Type II security certification
• Expense tracking and receipt management
• Role-based account access for teams

_{Our site is regularly updated with new rates.
For the latest info, click here to visit Relay's site.}

Final Thoughts

Relay may be a useful choice for business owners who want to organize their cash flow across multiple accounts and simplify bookkeeping tasks. Its tools focus on visibility, flexibility, and automation rather than traditional banking services. For businesses that prefer a fully digital experience with low overhead, Relay could be a practical fit.

Visit Relay ➜

_{Relay Financial Technologies, Inc.}

Relay reserves the right to change rates, fees, and other pricing. For the most up-to-date information and to explore Relay's products, please click the button above to visit their site.

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