Check out Relay HERE: https://magnified.reviews/Relay

Click “Show More” to see my Favorite Financial Tools

▽MY FINANCIAL TOOLS▽

🏦 SoFi Complete Money Management
➤ Checking & Savings - https://magnified.reviews/SoFi
➤ Credit Card - https://magnified.reviews/SoFiCreditCard
➤ Invest - https://magnified.reviews/SoFiInvest
➤ Budgeting - https://magnified.reviews/SoFiRelay

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💰 Chime Fully Online Banking
➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime
➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder

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💳 Favorite Credit Cards
➤ Chase Sapphire - https://magnified.reviews/Sapphire-Pr...
➤ Capital One Venture X - https://magnified.reviews/VentureX
➤ Chase Ink Business - https://magnified.reviews/Ink-Business
➤ Amex Green - https://magnified.reviews/Amex-Green
➤ Amex Platinum - https://magnified.reviews/Platinum
➤ Amex Business Gold - https://magnified.reviews/BusinessGold

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📊 Wealthfront Automated Investing
➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront

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💵 Current Card
➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard

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📸 MY CAMERA GEAR
➤ My Camera: https://magnified.reviews/Camera
➤ My Microphone: https://magnified.reviews/Microphone
➤ My Lights: https://magnified.reviews/Lights

Today we're going to take a look at the Relay business banking platform which we've talked about in several previous videos including this recent video on my favorite business bank accounts. And like I said in that video this is the best robust business banking tool that can grow alongside your small business or side hustle.

With Relay, there are no account fees, no overdraft fees, and no minimum balance requirements. There is a premium version called Relay pro which comes with a few additional features that we'll talk about later in the video but a majority of the features we’re about to cover are completely free like the ability to create 20 FDIC-insured checking accounts that each have their own unique account number, up to 50 virtual or physical visa debit cards, advanced payment tools including ACH and wire transfers, the ability to deposit and withdrawal cash at Allpoint ATMs and integrations with some of your favorite accounting and bookkeeping tools like QuickBooks and Xero.

Another feature I love about Relay is the enhanced transaction data which probably sounds really boring but if you've ever dug through your bank statements then you probably know that banks aren't exactly known for clarifying where a transaction came from and what it was for. So Relay said “that's a waste of time and we can fix that” by enriching the data showing you exactly where it came from which account it was charged to, which card was used, and will even allow you to directly contact the merchant, and in some cases see their logo for easier recognition. Compare this to the messy bank statements that you've probably spent hours combing through in the past and you understand why this is so valuable.

Beyond that, you of course have all of the basic banking functions we've come to expect like cash deposits and withdrawals at fee-free Allpoint ATMs, 24/7 customer support which I have tested a number of times and it is fantastic, the ability to deposit checks from your smartphone and integrate with other third-party tools like Gusto and Plaid. Sticking with the theme of customization and saving your time, the team tab allows you to manage each of your team members and assign different permission levels and add any advisor like an accountant or lawyer and set their permission level allowing them to access account information in a safe and secure way rather than giving them the login information for your financial accounts. Clearly Relay has clearly been designed by individuals who understand the complexities and stresses of running a business.

Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank and Evolve Bank & Trust; Members 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.

0:00-Relay Intro
0:45-Core Features
3:23-The BIGGEST Time Savers
4:46-Relay Pro Features
6:53-'Teams' Tab
7:41-Should YOU Get Relay?

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