On the Money, All the Time: A Deep Dive into Relay’s Business Banking Platform

A young male entrepreneur, wearing glasses and a red beanie, smiling while working intently on a laptop at a modern office desk.

For small businesses, especially those running lean or scaling quickly, financial clarity is not optional. It is essential. Yet traditional banks often bring fees, complexity, and a lack of transparency that leave business owners frustrated. Relay was created to change that. It is a modern platform designed to make business banking intuitive, flexible, and seamless.

What is Relay?

Relay is a financial technology company that partners with FDIC-insured institutions such as Thread Bank and Evolve Bank & Trust to safely hold and manage your business funds.

Highlights include:

• No hidden fees, no minimum balances, and no overdraft fees
• Up to 20 checking accounts to segment your finances with precision
• Up to 2 savings accounts offering between 1 percent and 3.03 percent APY, depending on your subscription tier
• Physical and virtual debit cards with up to 50 available, plus credit card options that offer up to 1.5 percent cash back

A composite image showing the Relay dashboard interface with multiple segregated business checking accounts and a mobile screen showing a detailed expense receipt upload.

Streamlined Cash Flow and Expense Management

Relay gives you total visibility and control over your cash flow with minimal effort.

• Consolidate income from ACH, wire transfers, checks, and payouts such as PayPal, Stripe, and Square in one place
• Allocate funds into dedicated accounts such as Payroll, Taxes, and Operations using automated transfers by dollar amounts or percentages
• Automate savings so reserves are always growing, with APYs reaching up to 3.03 percent on the Scale Plan

Designed for Teamwork and Bookkeeping

Relay was built for collaboration and efficiency.

• Role-based permissions allow you to securely invite employees, accountants, or bookkeepers with tailored access levels
• Automated expense tracking captures receipts, normalizes vendor names, categorizes spending, and simplifies audits
• Integrations with QuickBooks Online, Xero, Gusto, Plaid, and Yodlee streamline bookkeeping, payroll, and vendor bill payments

NeatBooks and Relay: A Partnership for Your Growth

At NeatBooks, we are proud to be part of the community of Relay customers and partners. Relay’s platform makes it easier for us to support our clients with accurate, real-time financial data.

When you join NeatBooks, we will guide you through the process of setting up your Relay account. We ensure your accounts are structured in a way that supports your business goals. As your accountants, we can access your Relay dashboard with your permission, giving us the ability to track your accounts, monitor cash flow, and manage allocations without delays. This level of access allows us to provide proactive financial advice and keep your business finances organized at every stage.

Security, Insurance, and Peace of Mind

Relay puts safety at the center of its platform.

• SOC 2 Type II certification ensures enterprise-grade data security
• Deposits are FDIC-insured with coverage up to three million dollars through a sweep program across multiple banks
• Visa cards include Zero Liability Protection, guarding against unauthorized transactions

A smiling, glasses-wearing man in a blue shirt is actively managing his business finances using the Relay mobile app on his smartphone at his office desk.

Who Benefits Most from Relay

Relay is a great choice for:

• Solopreneurs and small businesses that value clarity over complexity
• Teams that require role-based permissions and streamlined collaboration
• Entrepreneurs who want a digital-first, efficient financial command center

When paired with NeatBooks, Relay becomes even more powerful. Together, we offer more than a banking solution. We create a system that connects your banking, bookkeeping, and strategy so that your business can grow with confidence.

Relay is changing what business banking looks like. It is transparent, efficient, and designed for growth. At NeatBooks, we help you take full advantage of Relay by setting up your accounts properly, gaining the right level of accountant access, and making sure your finances are working for you every day. If you want to explore how Relay and NeatBooks can work together for your business, reach out to us today.