Relay vs Lili
Relay is an one of the best online business banking accounts for large teams. How does it compare to Lili? Read our comparison chart below.
Relay lets you open up to 20 individual business checking accounts and 50 debit cards at no extra charge. There's also free cash deposits and free mailed checks through the app. There's no monthly fee.
While Lili is built for small business owners, offering a platform that combines business banking, accounting, invoicing, and tax preparation tools in one place. The basic account has no monthly fees or minimum balance requirements.
Compare Relay with Lili, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Relay | Lili | |
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No-Fee Business Checking - | Free Checking Account for Small Business Owners - | |
Benefits and Features | ||
Savings | Earn up to 3.76% APY: Earn 1.75% APY on monthly average savings balances of less than $10,000, 2.75% APY on monthly average savings balances between $10,000 and $50,000, and 3.76% APY on monthly average savings balances of more than $50,000. | Emergency Bucket for Lili Basic users; Lili Pro users get Savings with 3.00% APY on balances up to $1,000,000 |
Checking | Up to 20 individual business checking accounts; no monthly fees; no overdraft fees | No monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees |
Monthly Fee | ||
APY | ||
Minimum Deposit to Open | ||
ACH Transfer Fee | ||
ATMs | approximately 40,000 MoneyPass ATMs | |
Balance Requirement | ||
Cash Deposit Fee | $0 for cash deposits at Allpoint ATMs | |
Customer Service | Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday | |
Incoming Wire Transfer Fee | ||
Locations | ||
Out of Network ATM Fee | ||
Outgoing Wire Transfer Fee | $5 for domestic; $10 for international | |
Overdraft Fee | ||
CreditDonkey® Reviews | ||
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Savings | ![]() ![]() ![]() ![]() ![]() | |
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Pros & Cons | Pros:
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Bottom Line | One of the best online business banking accounts for large teams... | Mixed-use account for small business owners to help manage expenses and taxes... |
Visit Site | Visit Site | |
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
Free Checking Account for Small Business Owners
- $0 monthly service fees
- $0 minimum opening deposit
- No minimum balance requirement
- No foreign exchange fee
- Get direct deposits up to 2 days earlier
Free Checking Account for Small Business Owners
- $0 monthly service fees
- Automatic Savings
- Free withdrawals at approximately 40,000 ATMs
- Get direct deposits up to 2 days earlier
- No foreign transaction fees
Which is Better: Relay or Lili?
Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing Relay or Novo.