Overall (8.9/10)
Interest Rates & APY (9.1/10)
Fees & Minimums (9.3/10)
Customer Service (8.9/10)
Mobile App & Digital Banking (9.1/10)
Rewards & Perks (9.3/10)

Relay Financial Review:

Intro

Relay Financial is the official Profit First small business banking platform in the U.S. (FDIC insured up to $3M via Thread Bank), letting business owners open up to 20 individual checking accounts with unique routing/account numbers, issue 50 virtual or physical Visa debit cards, and earn up to 3.00% APY on automated business savings.

Full Review

Relay Financial (New York, NY, USA) is a prominent U.S. financial institution evaluated on MoneyCompared. Relay Financial is the official Profit First small business banking platform in the U.S. (FDIC insured up to $3M via Thread Bank), letting business owners open up to 20 individual checking accounts with unique routing/account numbers, issue 50 virtual or physical Visa debit cards, and earn up to 3.00% APY on automated business savings.

In our comprehensive 2026 review, Relay Financial earned strong marks across rate competitiveness (Up to 3.00% Business Savings APY), fee transparency, digital mobile experience, and U.S. regulatory consumer protections. Customers can apply online directly at Relay Financial.

Pros

  • Create up to 20 individual checking accounts with distinct account numbers for Profit First percentage rules
  • $0 monthly maintenance fees, $0 overdraft fees, and $0 minimum balance on Relay Standard
  • Up to $3 million in FDIC insurance via Thread Bank sweep network and up to 3.00% APY on savings
  • Granular role-based access for bookkeepers, CPAs, and team members plus 50 Visa debit cards

Cons

  • Same-day ACH and free outgoing wires require upgrading to Relay Pro ($30/mo) unless waived
  • Does not offer commercial real estate loans
Feature Value
Overall Rating 4.8
Savings APY / AER Up to 3.00% Business Savings APY
Deposit Insurance FDIC / NCUA Insured ($250k+)

Relay Financial: Products

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Relay Small Business Checking & Automated Savings

Relay Small Business Checking & Automated Savings

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Relay Financial: Categories

Business Banking

Business Banking

Rated 9.1

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