Relay Financial
banking partner · Founded 2018
Account Overview
Relay is an online business banking platform built for SMBs and accounting teams, offering up to 20 individual checking accounts for Profit First budgeting, 50 virtual cards, and deep integration with Gusto and Xero.
Ideal For
- US domestic SMBs practicing Profit First envelope budgeting
- Small businesses needing granular card spend controls across 50 virtual cards
- Companies wanting collaboration with bookkeepers without sharing passwords
Not Suitable For
- •Companies requiring native non-USD multi-currency holding accounts
- •Heavy international FX remitters (international wires incur third-party FX spreads)
- •Non-US incorporated entities
Verified Pricing Schedule
Monthly Maintenance$0
Account Setup FeeNot verified
Major FX Markup~1%
Inbound ACHNot publicly verified
$0 monthly fee on Starter plan.
Regulatory Oversight & Safeguarding
Deposits insured up to $3,000,000 through Thread Bank's insured deposit network sweep program.
Banking services provided by Thread Bank, Member FDIC
Related Comparisons, Alternatives & Guides
Explore head-to-head comparisons, alternatives, and jurisdiction banking guides for Relay Financial.
Head-to-Head
Explore →Mercury vs Relay Comparison
Compare 20 checking accounts, 50 debit cards, and Thread Bank pass-through FDIC insurance.
Commercial Guide
Explore →Delaware LLC Bank Account Guide
Relay requirements for Delaware LLCs, operating address rules, and domestic wire fee schedule.
Alternatives
Explore →Top Relay Alternatives
Explore digital accounts for US LLCs without physical US operating address requirements.