Relay – Everything you need to know

Relay is a digital banking platform designed specifically for small businesses, offering a streamlined and efficient way to manage finances. Founded with the goal of simplifying banking for entrepreneurs, Relay focuses on providing robust tools for business banking, including features that help automate expense tracking, improve cash flow management, and integrate with popular accounting software like QuickBooks and Xero.

In addition, its user-friendly interface and specialized services make it a popular choice for small businesses looking to optimize their financial operations without the complexity and high fees of traditional banks.

Moreover, at its core, Relay provides FDIC-insured business checking accounts with no monthly fees or minimum balance requirements, making it accessible for startups and growing businesses. The platform is particularly well-suited for businesses that need multiple accounts, as it allows users to open up to 20 checking accounts for different purposes—such as payroll, taxes, or specific projects—helping businesses better organize their finances.

Likewise, Relay’s integration with accounting platforms is a major strength, as it automates the flow of transaction data into accounting software, reducing manual entry and errors. This feature is invaluable for businesses that want to streamline their bookkeeping processes and maintain accurate financial records in real time. Relay also provides detailed financial reporting, giving business owners a clear overview of their cash flow, expenses, and account balances at any given moment.

In summary, Relay offers a comprehensive banking solution tailored to the needs of small businesses, combining features like multiple checking accounts, debit card issuance, accounting software integration, and detailed financial reporting. Its focus on simplicity, automation, and financial control makes it an ideal choice for business owners seeking a modern, efficient way to manage their company’s finances.