What You MUST Know About Relay Business Banking

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In this video, we dive into everything you need to know about Relay Banking, including how it works, its standout features, and potential drawbacks. We’ll also cover important details about their APY, FDIC insurance, and who can benefit the most from using Relay. If you’re looking for a comprehensive breakdown of Relay’s business banking solutions, this video has you covered!

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Relay is a financial technology company, not a bank. Banking services and FDIC insurance are provided through Thread Bank, Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.

*The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. APY will vary between 1-3% depending on the balances held. Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. There are no minimum balances or minimum deposits required to earn interest on your account.


Timestamps:
00:00 - INTRO
00:30 - What is Relay?
02:13 - How Does Relay Work?
06:05 - Potential Downside
08:45 - APY and FDIC
10:04 - Who Benefits The Most?