Relay Business Banking Review: The Best Free Account for Small Businesses

Thank you

Hi! great info Jamie 😉. One quesiton, I'm about to open an LLC in the US, as a non citizen. Once it's aproved does Relay accept foreign business owners to open a business account? On behalf of the LLC of course. Thank you! Much appreciated

Hi Jamie, they need me to show my personal bank account statement, will low personal bank account balance affect the application ?

When you do a profit and loss statement, do you track things separately in a spreadsheet, or does Relay accounts, as they are setup, offer reporting that serves that need? Or maybe somehow Quickbooks can integrate?

This is just Thread Bank rebranded lol.

What do you think about Lili?

so i can create sub accounts?

Great information, as always, Jamie! :)

I am starting a new online business and they rejected me, I don’t know why they are stopping new businesses to open a business account with them…

Thank you for the video. Honestly, I'm not a big fan of their website's color scheme and UI style. However, it won't stop me from using your referral link to open an account.

@jamieTrull Can I make cash deposits from any ATM? If so I'm using your link today

what limit of revenue you put if the company is not opened yet?

Great information. Im looking for a business account. My previous maiin brach accounts fees went uo again.
Does relay let you screenshot checks for deposit?

Been in a business for more than 20 years, try to use Relay for the first time with one of my LLCs since Chase charges a lot for wire. After sent them everything including the photo of my face, they still rejected me, total waste of time.

How do you send money from Relay to a personal account at another bank? Thanks, as always, for the great resources!

Can you have a personal account as well or what bank do you recommend for having a personal and business account in the same place?

Does relay offer loans?

Domestic wire transfers should be free for incoming and outgoing

Do any of these banking platforms integrate with Zelle?

Do you get your deposit early or within 5 days?

❤❤❤ Thanks for the great info

@jamietrull The feature to create multiple accounts, would this be great if I have an LLC and want to create another account for my DBA? Let me know!

Does Zelle work with Relay?

Thanks Jamie. Can you recall if it's easy in the interface to change from a Sole Proprietor to an LLC after setting up and using the account? This would include updating to an actual EIN when it's received.

Thanks for sharing. I saw a couple of negative reviews under another review regarding Relay not wanting to credit some fraudulent charges for a couple of folks so that makes me nervous especially when the folks say they couldn't even get a response. Not good.

I just got same day approval using your link today. Thanks Jamie!

any each transactional fees or incoming deposits or payments fees?

Hi Jamie! Im curious is it anyway to add multiple entities under one login account; or would i have to create a separate account using business name, EIN, address, etc? Thanks for your help.

Hi Jamie is Relax bba do stripe and QuickBooks

Thank you Jamie, very good to know. Looks ideal for many. I looking forward to your reviews

Thank you Jamie! Great review!