Relay

Relay is a business banking solution created for business owners who want to better understand, organize, and manage their money. It offers a modern way to handle finances, moving beyond basic banking to help businesses that are growing and need a more structured approach to their money.

Benefits

Relay helps businesses gain clarity and control over their finances. It allows owners to separate funds for different purposes, like payroll or operating costs, using up to 20 checking accounts. This makes it easy to see exactly how much money is available and how it's being used. The platform also helps businesses build savings with high-yield accounts and automated rules. It provides controlled debit and credit cards with spending limits for employees, and it makes managing expenses simpler by letting users capture receipts and categorize spending as it happens. Paying bills and getting paid are also streamlined, with features for managing invoices and vendor payments.

Use Cases

This banking solution is ideal for small to medium-sized businesses that have outgrown simple checking and savings accounts. Business owners can use Relay to set up dedicated accounts for specific needs, such as a separate account for owner draws or taxes. It's useful for managing employee spending with customizable cards and limits. Businesses that send invoices and pay vendors regularly will find the automated bill payment and receivables management features very helpful for maintaining a steady cash flow. The platform's ability to sync with accounting software also makes bookkeeping more efficient.

Pricing

Relay guarantees zero hidden fees.

Vibes

Customers have shared positive feedback about Relay, often mentioning how easy it is to use and how its design helps them stay organized. Many appreciate the ability to create multiple accounts and cards, which significantly improves financial management and efficiency for their businesses.

Additional Information

Relay is a financial technology company. Banking services are provided by Thread Bank, Member FDIC. The platform has supported over 110,000 businesses and managed more than $1 billion in customer deposits.