Relay
Relay Business Banking
By Alex Compton · Last verified
Separate operating, tax and reserve accounts with free and paid business plans
Insurance: Eligible deposits may receive up to $3 million through Thread Bank and its sweep program; other same-category deposits at participating banks reduce available coverage, and pass-through conditions apply.
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-23 | Auto-savings pays 1.19% (Starter), 1.87% (Grow), or 3.21% (Scale) as of 10/5/2026 | $0 (Starter) | None | Relay business deposit agreement →Scoped correction to wire and same-day ACH fees from the September 1 agreement, Starter sole-proprietor account limit and conditional sweep coverage. Savings rate values were reconfirmed on the pricing page, whose rate date is September 17. Other fields retain the October 5 full-record date. |
| 2026-10-22 | Auto-savings pays 1.19% (Starter), 1.87% (Grow), or 3.21% (Scale) as of 10/5/2026 | $0 (Starter) | None | Official provider terms →Corrected Scale discount, account limits and payment benefits; added Green Dot cash access. Other unverified account fields retain their earlier verification date. |
| 2026-10-05 | Auto-savings pays 1.19% (Starter), 1.87% (Grow), or 3.21% (Scale) as of 10/5/2026 | $0 (Starter) | None | Archive record · no attached snapshotPreviously published snapshot; later corrections are recorded below. |
Primary-source verification log
Append-only evidence ledger- changed
Corrected domestic wire and same-day ACH fees in account plans and Mercury comparison. Scoped checks also covered Starter sole-proprietor limits, savings rate date, cash deposit access and sweep conditions. Full account verification date retained.
Fields: plans, features, fdic, termHistory
Relay September 1 2026 deposit agreement fee schedule → - changed
Verified Allpoint+ cash deposits without surcharge up to $1000 each and Green Dot retailer fees and limits.
Fields: atm
Relay official cash-deposit instructions → - changed
Corrected Scale discount from $120 to $90 for a limited time, 50 Scale accounts and same-day ACH benefit; removed unverified fixed wire pricing. Partial review retains earlier overall verification date.
Fields: plans, features, pros, cons, ourTake
Relay current pricing →
Plan Options
Starter
$0
1.19% on auto-savings
- ▸Up to 20 checking accounts; Starter sole proprietorships are limited to 10
- ▸Invoicing, bill management, QuickBooks and Xero integrations
- ▸Spend controls, team access and bill approval rules
- ▸Domestic wires $8; same-day ACH $1 under the September 1, 2026 fee schedule
Grow
$30
1.87% on auto-savings
- ▸20 checking accounts per business
- ▸Recurring invoices, batch vendor payments and bookkeeping automation
- ▸Domestic wires $5; same-day ACH $0.50 under the September 1, 2026 fee schedule
Scale
$90/month limited-time discount from $120/month
3.21% on auto-savings
- ▸50 checking accounts per business
- ▸Domestic wires $5; same-day ACH has no fee under the September 1, 2026 fee schedule
- ▸Bill payment automation and cash-flow insights
Features
- ▸Up to 20 checking accounts on Starter/Grow and 50 on Scale; entity-specific limits apply
- ▸Physical and virtual cards with spend controls
- ▸Savings APY varies by subscription tier
- ▸QuickBooks and Xero integrations
- ▸Cash deposits at Allpoint+ ATMs and Green Dot retailers
- ▸Invoicing, bill management and team access
Pros
- +Multiple accounts support envelope budgeting
- +Cash deposit options alongside online banking
- +Accountant and team access
- +Free Starter tier
Cons
- −Scale is advertised at a temporary discount; budget for its regular price
- −Savings rates depend on the subscription tier
- −Cash deposit locations and limits need checking before opening
- −Checking does not earn the advertised savings APY
Our Take
Relay is a useful shortlist option when an LLC needs separate operating, tax and reserve accounts. Start by checking local deposit-enabled ATMs and the permissions your team needs. Price upgrades by their full subscription and transaction costs, not the savings APY alone.
Best for: Businesses that budget across many accounts and handle some cash
Open at Relay →Last verified 2026-10-05
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