If You Own a Small Business, This No-Fee Banking Platform Is the Easiest Way to Organize (and Scale) Your Finances
You own your own business — congrats! Whether you have an LLC or are ready to hire your 100th employee, you’re living the American Dream.
Getting to this point has taken a lot of work, and it doesn’t exactly leave you with a lot of free time. Keeping your finances in order can be one of the most time-consuming parts of owning a business.
That’s why we like Relay. It’s a free business banking platform that organizes your financial accounts, makes managing your team easier and is an accountant’s dream.
Grow Your Business With This Fee-Free Tool
Relay Financial is a free online banking platform that can not only help you better understand your cash flow, expenses and vendor payments, but it can also help you maximize your profits.
Here’s how Relay works: When you open a free account, you’ll have access to multiple checking accounts — your main income account, then separate accounts for things like payroll or expenses. Other banking platforms just create sub accounts with the same routing numbers, but Relay gives you unique account and routing numbers — up to 20 for you to use as needed.
Do you have team members who need access to the books? Choose who gets access and how much with multiple logins available. Plus, you can give out up to 50 Mastercard® debit cards to team members and easily see who spends how much and where. Set a limit for the person grabbing coffee and bagels or give your VP of Sales free reign for client outings. It’s all customizable (and yes, still free).
7 Ways to Make Money if You Hate People
Do you avoid people too? In the past, there was almost no way around working with people if you wanted to earn a living, but things have changed.
Our team has compiled a list of creative ways you can fatten your bank account this month, without having to put up with people.
Enough small talk. Here are some ways to earn extra cash, without all of the social stuff.
Relay’s powerful money management platform helps you stay on top of your finances, and easily layers on top of your existing bank to seamlessly integrate without all the fuss of changing banks.
Small Businesses Thrive With a Free Relay Account
The free platform easily integrates with account software like QuickBooks Online or Xero and allows you to give access to your bookkeeper or accountant. And there’s no need to set up rules to sort incoming transfers — Relay automatically categorizes the data. Like we said, it’s an accountant’s dream.
Relay gives small businesses the ability to run like a big company with an entire finance team — but without the added expense. Plus there are no account minimums, overdraft fees or withdrawal fees at any Allpoint ATM.
It takes about 10 minutes to apply for a free account, and most companies are approved automatically or within 72 hours. Are you ready to take your business to the next level?
Kari Faber is a staff writer at The Penny Hoarder.
The 5 Dumbest Things We Keep Spending Too Much Money On
You’ve done what you can to cut back your spending.You brew coffee at home, you don’t walk into Target and you refuse to order avocado toast. (Can you sense my millennial sarcasm there?)
But no matter how cognizant you are of your spending habits, you’re still stuck with those inescapable monthly bills.
You know which ones we’re talking about: rent, utilities, cell phone bill, insurance, groceries…
Ready to stop paying them? Follow these moves…
