About Relay
Relay is a free online business banking platform built for small businesses that want to separate money into purpose-driven accounts. Its profit-first banking approach lets you create up to 20 checking accounts for different budget categories — taxes, payroll, materials, profit — so you always know where your money stands.
Key Features
- ✓Up to 20 no-fee checking accounts for budgeting
- ✓Profit First methodology built into the platform
- ✓Automatic percentage-based transfers between accounts
- ✓Physical and virtual debit cards with spend controls
- ✓Free ACH, mobile check deposit, and bill pay
- ✓QuickBooks and Xero direct integration
- ✓Shared access for bookkeepers and accountants
- ✓Real-time transaction notifications
Best For
- →Small business owners using Profit First methodology
- →Contractors who need to set aside tax and materials money
- →Bookkeepers managing multiple client accounts
- →Seasonal businesses that need to budget carefully
Limitations
- •No cash deposits — online-only banking
- •No interest earned on checking account balances
- •Limited to US businesses — no international capabilities