Canada
Canada
activeFeaturedBusiness banking
- HQ
- San Francisco
- Fee
- Free core operations
Relay
US business banking with unlimited accounts for operators who like boxes.
Rate this app
7.4Solid
AlternativesOur take
Desk verdict
Relay is the P&L-in-accounts business bank. Mercury is the fundraising screenshot.
Relay Financial is a fintech. Funds sit at partner banks. The trick is unlimited accounts and card controls for operators.
Relay lists Fintech with partner banks under FDIC (partners) in United States. On safeguarding we currently write: FDIC via Thread Bank and partners. Holder / issuer line: Thread Bank / program partners. An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 2 live markets on the product. As we score the sticker: monthly Free core · paid automations; FX USD ops; ATM Debit per network. This desk would open it for: US operators who want twenty accounts instead of one Mercury skinned as a spreadsheet.
What it does well: Multi-account is the product; Approvals; Cards per vendor. What to watch: Not a bank; Not global FX; Less pretty than Mercury. Desk score 7.4 / 10 (safety 7.4, fees 8.4, features 8.6, app 8.4). Last verified 2026-08-01. Headquartered in Toronto / US ops, Canada; founded 2018. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: US operators who want twenty accounts instead of one Mercury skinned as a spreadsheet.
Pros
- +Multi-account is the product
- +Approvals
- +Cards per vendor
- +Support is human
Cons
- −Not a bank
- −Not global FX
- −Less pretty than Mercury
Account facts
- Platforms
- Web · iOS · Android
- Account types
- Business checking · sub-accounts
- Partner bank
- Thread Bank
- Minimum balance
- $0
- Lowest monthly fee
- $0
- Who can open
- US companies
- Availability
- United States
How it actually works
- Custody
- Insured bank deposit
- Local rails
- ACH / USD
- Built for
- Business
- Settlement
- App-ledger instant; bank rails per corridor
- Review risk
- Fintech reviews can pause inbound while they check a transfer
- Pay surface
- visa · physical · virtual · Apple Pay · Google Pay
Safety
FDIC via Thread Bank and partners
Holder / issuer: Thread Bank / program partners
- FDIC (partners)Fintech with partner banks · United States
Fees
- Monthly
- Free core · paid automations
- FX markup
- USD ops
- ATM
- Debit per network
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- ✓Business
- –Kids
- –Halal
- Unlimited checking accounts
- Team cards
- Approvals
- Bookkeeping sync
- Rules
Score
- Safety25%
- 7.4
- Fees20%
- 8.4
- Features15%
- 8.6
- App15%
- 8.4
- Global15%
- 3.6
- Support10%
- 7.4
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
FAQ
Is Relay a bank?+–
Relay is not a licensed deposit-taker in the classic sense. Money, if any, sits with Thread Bank / program partners.
How is money protected?+–
FDIC via Thread Bank and partners
Where is Relay available?+–
We list 2 market desks on the desk. Residency and onboarding rules still sit with Relay.
Card and wallets?+–
visa · physical · virtual · Apple Pay · Google Pay
Ratings and reviews
No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.
Alternatives
Full alternatives page
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