Relay Financial
US online business banking platform for SMBs with multi-account architecture.
Definition
Relay Financial is a US-based business banking platform offering multi-account architecture (up to 20 sub-accounts), FedNow support, and integrations with QuickBooks/Xero. Accepts non-resident-owned Delaware LLCs after EIN approval.
Context
Alternative or complement to Mercury for Delaware LLC banking. Particularly suited for ecommerce founders using profit-first methodology.
Example
An ecommerce founder uses Relay sub-account architecture to separate revenue, taxes, profits, and operating expenses across 4 distinct accounts.
Common pitfalls
- Country restrictions similar to Mercury.
- More complex account architecture; useful for some, overkill for others.