Ramp vs Relay

Why businesses choose Ramp over Relay

Relay splits your cash across separate accounts and charges for wires. Ramp's Checking Account* earns 2.01% APY¹, sends same-day ACH and wires through Bill Pay for free⁴, and runs your cards, bills, and expenses on the same platform.

* Ramp Business Corporation is a financial technology company and is not a bank. Checking Account deposit services provided by First Internet Bank of Indiana, Member FDIC.
Ramp vs Relay
85,000+ finance teams have saved millions of hours with Ramp.
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Top 3 reasons leaders pick Ramp over Relay

Earn on the account you pay from

The Ramp Checking Account earns 2.01% APY¹, 28x the national average³. Relay pays no interest on checking. Its rates apply to savings accounts only.

Free same-day ACH and wires

Ramp charges nothing⁴. Relay charges $5 to $8 per outgoing domestic wire and fees for same-day ACH on some plans.

Cards, bills, and cash on one platform

Ramp runs cards, bill pay, expenses, procurement, and travel with your cash, and 80% of bank transfers happen automatically among Target Balance customers⁵. Relay has no procurement or travel.

Compare Ramp vs. Relay

ramp
Relay
Monthly fee for business checking
$0
$0 on Starter; paid plans from $30 per month
Interest on checking
2.01% APY¹ on eligible funds
✗
Where reserve cash earns
Separate Investment Account†, yield up to 4.61%⁶
Savings accounts, with rates that vary by plan
Minimum balance
None
None
Multiple checking accounts
✓
✓
Free same-day ACH
✓⁴
Fees apply on some plans
Free domestic and international wires
✓⁴
Fees apply: $5 to $8 per outgoing domestic wire, depending on plan
FDIC pass-through coverage
Coverage of hundreds of millions of dollars through IntraFi's ICS network²
Up to $3M through Thread Bank's sweep program
Corporate cards with per-employee spend controls
✓
✓
Expense management with receipt capture
✓
✓
Expense management with receipt capture
✓
✓
Procurement and travel
✓
✗
Bill pay
✓
✓
Accounting software integrations
✓
✓

“It's great to be able to park our operating cash in the Ramp Business Account where it earns an actual return and then also pay the bills from that account to maximize float.”

Mike Rizzo

Accounting Manager, MakeStickers

Read customer story
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Why choose Ramp for your business banking

Separate accounts are one way to keep taxes, payroll, and operating cash apart. Ramp keeps your operating cash in a Checking Account that earns 2.01% APY¹, uses target-balance rules to keep it at the level you set, and pays every card statement, bill, and reimbursement from the same place. Your books stay in sync, and your team stops shuffling money between accounts.

$2B+

in payments processed by Ramp Banking each month

80%

of bank transfers happen automatically among customers who use Target Balance⁵

7.5%+

average customer savings

FAQ

No. Relay’s checking account doesn’t pay interest. Ramp pays 2.01% APY¹ on eligible funds in the Checking Account itself, with no monthly fee.

Yes. Ramp lets you set up multiple Ramp Checking Accounts, and target-balance rules refill your operating account automatically.

No. Both are financial technology companies that work with partner banks. Ramp Checking Account deposits are held at First Internet Bank of Indiana, Member FDIC. Relay's banking services are provided by Thread Bank, Member FDIC.

Nothing. Same-day ACH, domestic wires, and international wires sent through Ramp Bill Pay and reimbursements from a Ramp Checking Account are free.⁴

Sign up for Ramp, open a Checking Account online, and transfer funds from Relay. Many businesses start by running cards and bill pay on Ramp, then move the cash that funds those payments once the workflow is in place.

Time is money. Save both.