Managing business finances efficiently is essential for growth, and Relay Financial offers a powerful platform tailored for today’s businesses. With FDIC-insured accounts provided through Thread Bank, Relay provides a seamless blend of modern technology and robust financial tools. Below, we explore Relay’s business banking features and how they can benefit your business.
Relay offers two types of business checking accounts with no transaction limits, overdraft fees, or minimum balance requirements, making it one of the top business checking accounts.
Key Features of Relay’s Free Business Checking Account:
- No minimum balance or transaction limits
- No overdraft fees
- Free incoming wire transfers
- Ability to deposit cash
For businesses seeking enhanced financial tools, Relay Pro provides advanced features such as same-day ACH availability and free outgoing wire transfers. Relay Pro also includes integrated accounts payable functionality, with the ability to automatically import bills from QuickBooks Online and Xero for seamless expense management. The Relay Pro service is available for $30 per month.
Relay Business Savings Account
Relay’s high-yield savings account offers businesses the opportunity to grow their savings with FDIC insurance coverage of up to $2.5 million through the Insured Cash Sweep program. While the account has no monthly fees or minimum balance requirements, the interest rates follow a tiered structure:
- 1.00% APY for balances under $50,000
- 1.50% APY for balances between $50,000 and $250,000
- 2.00% APY for balances between $250,000 and $1,000,000
- 3.00% APY for balances of $1 million or more
Please note that this savings account does not offer ATM access, debit cards, or checks. The only way to transfer funds is through internal transfers between Relay Checking and Savings accounts. ACH transfers to external banks or merchants are not supported.
Relay is more than just a bank — it’s an all-in-one platform for business banking and money management, helping you track earnings, spending, and savings in real time. With multiple account options, Relay simplifies business finance management, giving businesses the transparency and control needed to grow sustainably.
How Brief Financial Can Help You Open a Relay Business Account
At Brief Financial, we are proud to be a Certified Relay Financial Banking Partner. This partnership allows us to provide streamlined banking solutions to our clients, helping them open Relay accounts efficiently and without hassle. Whether you’re a new business looking to establish a checking account or need savings options to grow your cash reserves, we are here to assist.
Ready to get started? Let Brief Financial handle your Relay business account setup so you can focus on what matters—growing your business.
📞 Contact us today to open your Relay account and unlock the full potential of modern business banking!
