See how Relay's business banking platform works, what its Starter, Grow, and Scale plans cost, and which features fit growing businesses.
Category
Finance
Pricing
Freemium subscription: free Starter tier plus paid Grow and Scale plans, from Free (Starter plan); paid plans from $30/month (Grow)
Verified
Not yet
Last updated
July 19, 2026
Founded
2018
Headquarters
Toronto, Ontario, Canada
Free PlanWeb AppiOSFree TrialAndroidFreemium
Overview
Relay was founded in 2018 and is headquartered in Toronto, Ontario, Canada, offering an all-in-one business banking platform focused on multi-account cash-flow organization for small and mid-sized businesses.
Rather than competing on lending or investment products, Relay differentiates through account structure flexibility, integrated bill pay, and direct syncing with accounting software like QuickBooks Online and Xero.
Key Features
Relay lets businesses open up to 20 (Starter) or 50 (Scale) individual checking accounts to separate funds for taxes, payroll, and specific projects, along with up to 50 virtual or physical Visa debit cards for team spend control.
The platform supports ACH, wire, and check transfers in both directions, deposits from payment processors like Stripe, PayPal, and Square, and direct syncing with QuickBooks Online and Xero for bookkeeping.
Pricing
Relay's Starter plan is free with no monthly fees, overdraft fees, or minimum balance, supporting up to 20 checking accounts and basic ACH.
The Grow plan costs $30/month and adds free domestic wires, automated bill pay, and same-day ACH, while the Scale plan at $90/month raises account limits to 50 and unlocks advanced automation and higher savings APY.
Key Features
Multiple checking accounts — Open up to 20 accounts on Starter or up to 50 on Scale to separate funds by purpose.
Virtual and physical debit cards — Issue up to 50 Visa debit cards for granular team spend control.
Automated bill pay — Automate outgoing bill payments on Grow and Scale plans.
Same-day and standard ACH transfers — Move money via ACH with same-day options available on paid plans.
Free domestic wires — Grow and Scale plans include free outgoing domestic wire transfers.
QuickBooks and Xero sync — Transaction data syncs directly into QuickBooks Online and Xero for reconciliation.
High-yield savings accounts — Up to two savings accounts with APY reaching approximately 2.68% on the Scale plan.
No overdraft or minimum balance fees — All plans, including the free Starter tier, carry no overdraft fees or minimum balance requirements.
Pros & Cons
Pros
Free Starter plan with no monthly fees or minimum balance
Up to 50 sub-accounts for granular cash-flow organization
Direct QuickBooks Online and Xero sync for bookkeeping
Multiple free virtual and physical debit cards for team spend control
Competitive savings APY on higher-tier plans
No overdraft fees across all plans
Cons
Higher-value features like free wires, bill pay, and same-day ACH require paid Grow or Scale plans
Not a chartered bank itself; relies on partner bank infrastructure
No lending, credit card, or investment products offered
Detailed company headcount is not well publicized
Advanced automation features are reserved for the top Scale tier
Primarily focused on businesses with North American banking needs
Pricing
Starter Free n/a
Grow $30/month monthly
Scale $90/month monthly
Frequently Asked Questions
Is Relay free to use?
Yes, Relay's Starter plan is free with no monthly fees, overdraft fees, or minimum balance.
What does Relay's Grow plan cost?
The Grow plan costs $30 per month and adds free domestic wires, automated bill pay, and same-day ACH.
What does Relay's Scale plan cost?
The Scale plan costs $90 per month and raises the account limit to 50 with higher savings APY.
How many accounts can I open with Relay?
Up to 20 checking accounts on Starter, or up to 50 on the Scale plan.
Does Relay integrate with QuickBooks?
Yes, Relay syncs directly with QuickBooks Online and also with Xero.
Where is Relay headquartered?
Relay is headquartered in Toronto, Ontario, Canada.
When was Relay founded?
Relay was founded in 2018.
Does Relay charge overdraft fees?
No, Relay does not charge overdraft fees on any of its plans.