Your small business bank account should do more than hold your money.
A small business bank account should help you organize your cash, control spending, simplify bookkeeping, and give you a clearer picture of where your business stands financially.
Relay was built specifically around the way small businesses manage money today. Instead of forcing your business into the same banking structure you might use for a personal checking account, Relay gives you tools designed to help you organize and manage business finances.
For business owners who want simpler banking, cleaner books, and better control over their cash, Relay is the best online business banking options available.
What Makes a Good Small Business Bank Account?
Before choosing an online business bank account, consider what you actually need from your banking system.
A good business banking solution should make it easier to:
Keep business and personal finances separate
Track business income and expenses
Organize money for taxes, payroll, and operating expenses
Control employee and team spending
Make payments to vendors
Connect your bank account to your accounting software
Monitor cash flow
Give your accountant or bookkeeper appropriate access
Manage your banking without constantly visiting a branch
Relay Financial Gives Small Businesses More Control Over Their Money
One of the biggest advantages of Relay is the ability to organize your business money into multiple checking accounts while managing everything under one login.
Relay currently allows eligible businesses to have up to 20 checking accounts.
That can completely change how you manage business cash.
Instead of putting every dollar into one account and trying to remember what money is available for what purpose, you can create separate accounts for things such as:
Operating expenses
Payroll
Taxes
Owner's pay
This creates a much clearer picture of your available cash.
Relay Can Make Cash Flow Easier to Manage
Cash flow problems are not always caused by a business lacking revenue.
Sometimes the problem is that the owner cannot clearly see where the money is going.
Multiple business bank accounts can help you assign money to specific purposes before it gets spent elsewhere.
This is particularly useful for business owners who use a cash allocation strategy similar to Profit First or simply want a more disciplined way to manage their money.
Relay specifically identifies multi-account cash management and visibility as use cases for small businesses.
The goal is simple: Give every dollar a job.
When your banking structure reflects how your business actually operates, financial management becomes easier.
Who Is Relay Financial Best For?
Relay can be particularly useful for businesses that:
Are registered in the United States
Don’t heavily rely on cash
Want multiple business checking accounts
Use QuickBooks Online or Xero
Want better visibility into cash flow
Have employees or contractors who need controlled access to business funds
Want to separate money for taxes, payroll, operating expenses, and other purposes
Prefer online banking over traditional branch banking
Ready to Open a Business Bank Account?
If you are still using a personal bank account for your business, mixing business and personal expenses, or struggling to keep track of where your business cash is going, it may be time to rethink your banking setup.
Relay Financial is the best online business banking solution for small business owners who want better organization, visibility, and control over their money.
Open your Relay account or learn more about Relay from Tullis Consulting & Financial Services LLC.