Relay's $150 Business Checking Bonus: A Straightforward Deal for New Accounts

Looking for a simple business banking bonus without a bunch of hoops to jump through? Relay Financial has a promotion running right now that's worth a look, especially if you're a small business owner or side hustler wanting to separate your finances. It's not the biggest bonus out there, but the requirements are refreshingly minimal. Let's break down what you need to know.

What Makes This Bonus Stand Out

In a world of complex bonus requirements—maintain a $5,000 balance for 60 days, set up 10 direct deposits, jump through this hoop and that—the Relay offer is almost suspiciously simple. You open a new business checking account, put in at least $100, and they'll add $150 to your balance. That's a 150% return on that initial deposit, which is pretty solid for minimal effort.

There's no mention of needing a direct deposit, which is a huge relief for freelancers or businesses with irregular income. The account itself has no monthly maintenance fee, so you won't get nickel-and-dimed later. It's a fintech platform designed for small business money management, offering features like multiple sub-accounts and virtual debit cards, which can be genuinely useful for budgeting.

The Fine Print and Practical Considerations

As always, the devil isn't always in the details, but you should still read them. The key deadline is January 15, 2025. Your account must be funded by that date to qualify. This isn't an account opening deadline; it's a funding deadline. So, if you open it on January 14th, you still need to get that $100 in there by the 15th.

The offer is explicitly for new Relay users. If you've ever had a Relay account before, you're likely out of luck. Also, while the source mentioned a switch from Brex, the official offer page doesn't state that as a requirement. Always go by the issuer's official terms, which in this case just ask for a new account and the $100 deposit.

• Double-check the offer details during your application to ensure you're enrolling in the promotion.
• Keep records of your application and the $100 deposit. Screenshots are your friend.
• The bonus will be deposited into your Relay account after you meet the terms, but the timeline isn't specified. Patience may be required.
• Relay is a financial technology company. Your deposits are FDIC-insured up to $3,000,000 through their partner bank, Thread Bank.

Is Relay a Good Fit for Your Business?

This bonus is a great low-risk way to test the waters with Relay. You're only parking $100 to get $150 back. If you like the platform, great. If not, you can move your money out after you receive the bonus (just confirm there's no early closure fee—none are listed).

However, don't open this account for the interest rates. While they offer savings accounts with interest, the rates on their basic plan aren't competitive with high-yield savings accounts. This is primarily a checking and cash management tool.

Think of it this way: you're getting paid $150 to try a business banking tool. For a sole proprietor, freelancer, or new LLC, that's a pretty sweet deal to organize your finances with a platform built for that purpose.

Bottom Line

• A simple, low-barrier $150 bonus for new business checking accounts.
• Just deposit $100 by January 15, 2025—no direct deposit or long-term balance requirements.
• A chance to test a business-focused fintech platform with very little financial risk.
• Always use the official offer link and screenshot your application for proof.

Common Questions