Relay vs Bank of America

Relay is an one of the best online business banking accounts for large teams. How does it compare to Bank of America? Read our comparison chart below.

Relay lets you open up to 20 individual business checking accounts and 50 debit cards at no extra charge. There's also free cash deposits and free mailed checks through the app. There's no monthly fee.

While Bank of America is one of the largest banks in the U.S. with approximately 3,700 locations and 15,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

Compare Relay with Bank of America, side-by-side. Read on for an in-depth look, including ratings and reviews.

	Relay	Bank of America
		Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER No-Fee Business Checking - Learn More Read Relay Review	OFFER Bank of America Advantage Plus Banking® - Up to $500 Bonus Offer Read Bank of America Review
	Benefits and Features
Savings	Earn up to 3.00% APY. Earn 1.11% APY on Starter Plan, 1.75% APY on Grow Plan, and 3.00% APY on Scale Plan.	Bank of America Advantage Savings Standard Rate: 0.01% APY
CD		7-Month CD - 3.51% APY 10-Month CD - 2.95% APY 13-Month CD - 2.00% APY 25-Month CD - 1.75% APY 37-Month CD - 0.11% APY 1-Month CD - 0.03% APY 120-Month CD - 0.03% APY
Checking	Up to 20 individual business checking accounts; no monthly fees; no overdraft fees
Monthly Fee	$0
APY	N/A
Minimum Deposit to Open	$0
Mobile App		iOS & Android
ACH Transfer Fee	$0
ATMs	55,000+ AllPoint ATMs	Approximately 15,000+ ATMs
Balance Requirement	None
Cash Deposit Fee	$0 for cash deposits at Allpoint ATMs
Customer Service	Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday	Monday -Friday: 8AM - 9PM ET Saturday: 9AM - 6PM ET Sunday: 8AM - 5PM ET
Incoming Wire Transfer Fee	$0
IRA CD
Locations	Online only	3,700 financial centers
Out of Network ATM Fee	Fee from ATM owner
Outgoing Wire Transfer Fee	$8 for domestic; $5 (Local Network), $25 (SWIFT Network) for international
Overdraft Fee	$0
	CreditDonkey® Reviews

Checking
Fees
Mobile App
Customer Service
Pros & Cons	Pros: Up to 20 checking accounts Up to 50 debit cards $0 monthly fee Earn interest with automated savings Cons: No paper checks
Bottom Line	One of the best online business banking accounts for large teams... Read full review	Read full review
	Visit Site	Learn More
	No-Fee Business Checking 25% Discount on Scale Plan
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Bank of America: Pricing information from published website as of 06/06/2026 based on 91107 zip code.

No-Fee Business Checking

$0 monthly service fee
$0 minimum opening deposit
Open up to 20 individual business checking accounts
Earn up to 3.00% APY with automated savings
Issue up to 50 Visa® debit cards to your team

Banking services provided by Thread Bank, Member FDIC.

Get Deal

25% Discount on Scale Plan

Get Deal

Get Scale Plan for $90/month instead of $120/month. This offer is for a limited time only and may change without notice.

Member FDIC

Bank of America Advantage Plus Banking® - Up to $500 Bonus Offer

Learn More

New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. See offer page for more details
Bank of America N.A. Member FDIC.

Member FDIC

Bank of America Advantage Relationship Banking® - Up to $500 Bonus Offer

Learn More

New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. See offer page for more details
Bank of America N.A. Member FDIC.

Member FDIC

Bank of America Advantage SafeBalance Banking® - $100 Bonus Offer

Learn More

New checking customers only: Get a $100 bonus offer after completing qualifying transactions. See offer page for more details
Bank of America N.A. Member FDIC.

Which is Better: Relay or Bank of America?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Relay or Novo.