The SMB Challenger Banks: RelayFI Partners with Accountants/Bookkeepers

 

Toronto-based Relay FI is the only non-USA company on our list of largest USA digital SMB banks. According to SimilarWeb, at 130,000 visits in August, they trail only Mercury and Novo in website traffic.

Product features:

• Virtual and physical debit cards for employees (max 50)
• Simple card controls (see inset right) including:
  A. Daily transaction limit
  B. Daily ATM withdrawal limit
  C. Foreign transaction authorization
  D. Freeze/unfreeze card
  E. Change PIN
• Checking account
• Checking sub-accounts (max 20)
• Billpay
• ACH, wire or check payments
• One-click card freezing
• Direct feed to Quickbooks Online and Xero
• Team access & permissions with spending limits (ie, read-only access)
• Auto import of bills from Quickbooks and Xero (Pro version)
• Multi-stage & batch bill payment workflow (Pro)
• Free domestic & international wires (Pro)
• 24/7 support
• Remote deposit (with $40k daily deposit limit!)

Pricing:

• Standard = Free
• Pro = $30/mo (after 14-day free trial)

Accountant /Bookkeeper Partner Program

• 3 to 14 clients: 17% discount on client's monthly fee ($25/mo); 5% revenue share on card spend
• 15 to 49 clients: 20% discount ($24/mo); 10% revenue share
• 50 to 99 clients: 23% discount ($23/mo); 15% revenue share
• 100+ clients: 27% discount ($22); 20% revenue share