Relay Financial

Business banking for SMBs

Best for: SMBs using Profit First methodology or needing multiple purpose-specific accounts

Free plan

4.5/5Editorial score 83/100relayfi.com

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Editorial score83/100

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The editorial note

What to know about Relay Financial

Relay is an online business banking platform designed for small and medium-sized businesses. It offers up to 20 separate checking accounts, 50 virtual debit cards, and 2% cashback cards with no monthly fees. Relay's multi-account feature is ideal for the Profit First cash management method — allocating revenue into purpose-specific accounts (operations, taxes, profit). Popular with bookkeepers and accountants who manage client finances.

Is it right for you?

Who Relay Financial suits

Choose it if

SMBs using Profit First methodology or needing multiple purpose-specific accounts

Look elsewhere if

Enterprises needing complex treasury management

What you get

Key features

Multiple checking accounts
Virtual debit cards
Team access
Profit First support
ACH and wires
Bookkeeper collaboration
2% cashback card

Works with

Integrations4

QuickBooks Xero Gusto Stripe

The trade-off

Pros and cons

Pros

20 checking accounts
50 virtual cards
No monthly fees
Profit First friendly
Bookkeeper access
FDIC insured

Cons

US-only
No cash deposits
Fewer integrations than Mercury

Quick read

At a glance

Category: Finance & Business Services
Pricing model: Freemium
Free plan: Available
Free trial: Not listed
Website: relayfi.com

The verdict

Our take on Relay Financial

Best business bank for Profit First practitioners. Relay's 20-account structure is purpose-built for allocating revenue into separate accounts — making cash management systematic.

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