Relay is a business banking platform for small businesses. It offers multiple checking accounts, a savings account, debit and credit cards, spend controls, receipt collection, invoicing and integrations with QuickBooks and Xero.
You can split money into separate accounts for payroll, bills and other purposes. Relay accepts ACH transfers, wires, checks and cash, along with payouts from payment processors such as PayPal, Stripe and Square. Bill pay can put recurring payments on autopilot. Employees get the access level their tasks need, and your accountant or bookkeeper can sign in with a role-based login to reach the data and documents they need for your books.
Relay says it is built for growing businesses, and its site has pages for agencies, ecommerce businesses, general contractors, auto repair shops, HVAC businesses and home services. Real estate investors and project-based businesses are also listed. For online sellers, Relay says it gives a clear view of operating expenses, cash flow and each transaction. The site also has a page on Profit First banking.
Beyond its QuickBooks Online and Xero sync, Relay connects with Gusto for detailed payroll data. Through Plaid or Yodlee, you can link Relay to other money apps such as Wave, FreshBooks, Expensify and Venmo. Mobile apps are available on the Apple App Store and Google Play. Relay is a financial technology company rather than a bank, with banking services from Thread Bank, Member FDIC, and its support team is available by email.
Starter is free. Grow adds higher savings interest, approval rules, recurring invoices and bookkeeping automations, and Scale adds the highest interest, more accounts, free same-day ACH and bill pay automation. Current prices and rates are in the pricing box above.