Relay is an online business banking platform built around organizing cash across multiple accounts. Its free Starter plan includes up to 20 checking accounts with no monthly fees, no minimum balance, and no overdraft fees, with banking services provided through Thread Bank.
Businesses can give each account its own purpose, such as taxes, payroll, or profit, and automatically split incoming deposits between them. That makes Relay popular with owners who follow the Profit First cash management method. Relay also offers up to 50 debit cards, expense tracking, and direct syncing with QuickBooks Online and Xero, and paid Grow and Scale plans add automated bill pay, free outgoing wires, and higher savings rates.
Relay is a great fit for small businesses that want tighter control over cash flow and a clear view of where money is going. It’s less suited to businesses with international banking needs.
Cash deposits are possible through participating ATMs and retail locations, but with limits and possible fees. Some users report account freezes and slow support resolution, so it’s smart to keep a backup account elsewhere. Savings rates are also noticeably higher on paid plans.
Long Island business owners who work with a bookkeeper or accountant can connect Relay directly to their accounting software for cleaner monthly books.