Relay & Profit First: A New Partnership
February 6, 2024
by Shannon Simmons

For any small business, choosing the right banking partner is crucial, right up on par with choosing your financial partner (hi!). Traditional banking often comes with its set of challenges, from the tedious account setup process involving long waits at the bank to dealing with hidden fees and lackluster customer service.

Relay, our bank of choice, however, stands out by offering a no-fee online banking and money management platform that caters specifically to the needs of small businesses.

Profit First Meets Relay: A Perfect Match

The partnership between Relay and Profit First is a match made in financial heaven. Profit First, a methodology designed to ensure businesses prioritize profit and financial health, pairs perfectly with Relay’s innovative banking solutions. This collaboration offers business owners the ability to manage their cash flow more effectively, automate transfers, and streamline their financial operations without the hassle of traditional banking.

Why Relay is Your Business’s New Best Friend

  • No More Bank Trips: Forget about those dreaded bank visits. With Relay, you’re up and running from wherever you are, no lines, no waiting, and definitely no boring paperwork.
  • Customization King: Want 20 checking accounts? You got it. Need a bunch of debit cards without the fees? No problem. Relay lets you tailor everything to fit your business like a glove.
  • On Your Side, All the Time: Relay’s customer service is like having a friend in the banking world. They’re there when you need them, without the run-around or endless hold music.
  • Simplified Setup: Setting up accounts with Relay can be done entirely online in a matter of minutes, a big contrast to the drawn-out processes at traditional banks. And this simplified process also carries over into its integration with QuickBooks Online.
  • Set It and Forget It: Automate your cash management. Relay does the heavy lifting, moving your money where it needs to go according to the Profit First plan. It’s like having an autopilot for your finances. (Though at Fit For Profit, we do still recommend making those twice-monthly transfers manually.

Wrapping Up: The Bottom Line

Merging Relay’s innovative banking solutions with the Profit First methodology is like hitting the business jackpot. It’s all about making your life easier and your business more profitable. Imagine less time on banking and bookkeeping and more on what you love—growing your business.

In the end, Relay and Profit First aren’t just tools; they’re game-changers, transforming the way you handle your business finances. So, why settle for the old way of doing things when you can have your financial cake and eat it too? It’s time to make the switch and watch your business thrive.

As businesses continue to evolve and adapt to the digital age, so too must the services that support them. The collaboration between Relay and Profit First is a huge leap forward and we’re so excited to support clients who choose to move their bank accounts to this seamless system.

Your Burning Questions Answered

Q1: Why pick Relay over the bank down the street?

Think of Relay as your banking BFF. No branch visits, no waiting in line, and no paperwork mountains. You get a bunch of checking accounts (up to 20!), virtual and real debit cards, and the ability to manage it all from your couch. It’s banking in your pajamas, but with serious business benefits.

Q2: How does Relay play nice with Profit First?

Relay is like the perfect partner for Profit First. It helps you split your cash into different pots for things like profits, taxes, and expenses, without charging extra (unlike most big banks).

Q3: Can Relay communicate with my accounting software?

Yep! Relay and accounting software like QuickBooks Online are besties. They talk to each other, keeping your books up to date without you lifting a finger. It’s like having a financial organizer that keeps everything neat and tidy for you.

Q4: Is juggling multiple accounts and cards with Relay a headache?

Not at all! Relay makes it super easy to handle a bunch of accounts and cards. You can customize them for different parts of your business, set spending limits, and keep an eye on everything from one spot. It’s like having a financial control center that’s actually fun to use.

Q5: Are there sneaky fees hiding with Relay?

Nope, Relay’s all about keeping things clear and straightforward. No hidden fees, no minimum balance stress, and no monthly charges just for having an account. It’s banking without the bad surprises.

Q6: What’s the deal with security and keeping my money safe with Relay?

Relay’s got your back with top-notch security, watching out for weird transactions and letting you put limits on your debit cards. Plus, it’s cozying up with Evolve Bank & Trust, which means your money’s insured just like at traditional banks.

Q7: Can businesses from outside the U.S. jump on the Relay bandwagon?

Sure, but you’ve gotta have a U.S. setup. Once you’ve got your U.S. business identity sorted, Relay’s ready to roll with you. Just make sure you have all your paperwork in order, and you’re good to go.