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Bank of America vs Relay


 Bank of America
Member FDIC
Relay
 Learn MoreVisit Site
 

Bank of America

Relay

OFFER
Bank of America Advantage Plus Banking® - Up to $500 Bonus 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: 0.01% 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 - 3.51% 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
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 06/06/2026 based on 91107 zip code.

    Bank of America
    Member FDIC

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

    • 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.
    Bank of America
    Member FDIC

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

    • 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.
    Bank of America
    Member FDIC

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

    • 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.
    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.

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