Revolutionizing Business Finance Management: The Ultimate Guide to Relay’s Business Checking Account

Business owners looking for a way to effectively manage their cash flow should consider Relay’s business checking account. This account is designed to make managing finances simple and straightforward, with features like the ability to open up to 20 separate checking accounts under the main account. This allows for easy organization of different types of income and expenses, making it particularly useful for businesses that need to allocate funds in specific ways.

Another key feature of the Relay business checking account is the ability to issue 50 virtual or physical Visa debit cards, with the option to set spending limits for team members. This feature can be beneficial for businesses with multiple employees or contractors who need access to company funds.

In addition to these features, Relay’s business checking account has no minimum balance requirements to open and allows for fee-free cash withdrawals from over 55,000 Allpoint ATMs. There are also no overdraft fees associated with this account, with the only fees being for outgoing wire transfers.

Managing transactions and transferring funds is made simple with Relay’s business checking account. The account accepts various forms of payment such as ACH payments, wire transfers, check deposits, cash, and payments from online processors like PayPal, Square, and Stripe. Recurring transfers and payments can also be set up to ensure timely payments to vendors.

One of the most notable features of this account is its bookkeeping and accounting options. Relay automatically categorizes transactions for an overview of cash flow data that refreshes every three hours. Integration with QuickBooks, Xero, and Gusto allows for seamless management of financial records and payroll processes