Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with some of the products and services mentioned on this site. Advertiser Disclosure†

Bank of America vs Relay


 Bank of America
Member FDIC
Relay
 Learn MoreVisit Site
 

Bank of America

Relay

OFFER
Bank of America Advantage Banking - Up to $500 Cash Offer

Read Bank of America Review

SPECIAL OFFER
No-Fee Business Checking - Learn More

Read Relay Review

 

Benefits and Features

SavingsBank of America Advantage Savings Standard Rate: 0.04% APYEarn 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.
CD
  • 7-Month CD - 3.75% 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
Check
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
Approximately 15,000+ ATMs
55,000+ AllPoint ATMs
Balance Requirement 
None
Cash Deposit Fee $0 for cash deposits at Allpoint ATMs
Customer Service
  • Monday -Friday: 8AM - 9PM ET
  • Saturday: 9AM - 6PM ET
  • Sunday: 8AM - 5PM ET
Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday
Incoming Wire Transfer Fee 
$0
IRA CD
Check
 
Locations
3,700 financial centers
Online only
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

 Bank of AmericaRelay
CheckingStarStarStarStarStar
FeesStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • Up to 20 checking accounts
  • Up to 50 debit cards
  • $0 monthly fee
  • Earn interest with automated savings
Cons:
  • No paper checks
Bottom Line Read full reviewOne of the best online business banking accounts for large teams... Read full review
 Learn MoreVisit Site

    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 09/17/2026 based on 91107 zip code.

    Bank of America
    Member FDIC

    Bank of America Advantage Banking - Up to $500 Cash Offer

    Expires 1/31/2027
    • The up to $500 cash offer must be opened through the Bank of America promotional page.
    • The offer is for new checking customers only.
    • Offer expires 01/31/2027.
    • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days of account opening.
      Cash BonusTotal Direct Deposits
      $100$2,000
      $300$5,000
      $500$10,000+
    • After the Deposit Period ends, and once you satisfy all the requirements, we will attempt to deposit the earned bonus directly into your new eligible personal checking account within sixty (60) days. The new eligible personal checking account must be open and in good standing up to and including the date any earned bonus is paid.
    • Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
    • Additional terms and conditions apply. See offer page for more details.
    • *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
    • Bank of America, N.A. Member FDIC
    Relay

    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.
    Relay

    25% Discount on Scale Plan

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


    Articles on Bank of America

    Bank of America Review

    Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

    Bank of America Problems

    Bank of America may be one of the biggest banks, but many customers find a lot of issues with their banking services. What are they? Keep reading.

    Bank of America CD Rates

    Bank of America is one the biggest banks in the U.S. But are their CD rates worth it? Read on to find out.

    How to Close a Bank of America Account

    Want to close your Bank of America account? Learn how and what you need to do before you close your account.

    Bank of America Hours

    Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

    Bank of America Routing Number

    Find your Bank of America routing number and learn about money transfers in our guide.

    Articles on Relay

    Relay Financial Review

    Relay Financial offers online banking services for businesses. Yes, it is free. But, is it the right platform for you? Find out.

    Which Do You Think is Best?





    Which Bank Account is Right for You?


    You Might Also Like

    Best Bank for Small Business

    Best Bank for Small Business

    Discover the top 10 banks for small businesses. Unlock your business' potential with the best bank
    Best Free Checking Accounts for Small Businesses

    Best Free Checking Accounts for Small Businesses

    Avoid hidden fees. Determine the best free business checking account for your small business.
    Best Business Checking Account

    Best Business Checking Account

    Cut banking costs and keep more money in your business. Here are the best business checking accounts (#1 is free).
    Best Business Bank Accounts for LLC

    Best Business Bank Accounts for LLC

    The best banks for LLCs have low fees and perks to help your business grow. Compare business banking options to find your match.
    Best Banks for Small Business in Georgia

    Best Banks for Small Business in Georgia

    Looking for the perfect bank to support your Georgia small business? Explore the 10 best banks and their benefits below.

    About CreditDonkey
    CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

    †Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

    *Terms and conditions apply. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. Please review the merchant's website for terms and conditions.

    CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

    About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
    © 2026 CreditDonkey Inc. All Rights Reserved.