Relay

Relay is business banking built around one idea: that a single checking account is the reason most small business owners cannot tell what money is actually theirs. You can open up to 20 checking accounts and set rules that split every incoming deposit automatically, which is why the Profit First crowd adopted it early.

The numbers Relay publishes: over 110,000 businesses served and more than one billion dollars in customer deposits under management.

Around the accounts sit the pieces a bookkeeper expects. Visa debit and credit cards with spend limits and defined roles. Accounts payable with bill upload, delegated tasks and approval workflows. Accounts receivable with invoices, payment requests and automated follow-up. Expense capture that categorises in real time and syncs to the accounting software.

One thing to be precise about: Relay is a financial technology company, not a bank. Banking services are provided by Thread Bank, which is FDIC insured. Deposits can qualify for up to $3,000,000 in coverage through Thread's sweep programme across partner banks, subject to the programme's conditions. If a client asks whether their money is insured, that is the accurate answer rather than a simple yes.

Savings rates vary by plan. As of 1 May 2026 Relay published 1.11% APY on the Starter plan, 1.75% on Grow and 3.00% on Scale. Rates are variable and move with the Federal Funds target, so check the current figure before quoting it to anyone.

// Checked on the Relay site on 25 August 2026.