Relay Vs. Wells Fargo
Compare Relay and Wells Fargo for business banking solutions. Relay stands out with its modern features and intuitive platform, while Wells Fargo offers comprehensive services and a well-established reputation. Explore their unique offerings and considerations to make an informed choice for your business’s banking needs.
General Details
Monthly Fee
$0 / $30 (pro)
$10 / $25 / $75 *According to plan
Number of Accounts Available
Up to 20 checking accounts
Single checking account
Accounts payable automation
Available for Relay Pro plan ($30 per month)
Banking Partner
Evolve Bank & Trust and Thread Bank, Members FDIC
Wells Fargo Bank, Member FDIC
Editorial Score
Card
Rating
Fees & Charges
Overdraft Fees
$0
$35
Early Account closing Fee
$0
$0
ATM Withdrawal fee
Full ATM fee reimbursement
Free at Wells Fargo ATMs $2.5-$5 fee at non-Wells Fargo ATMs
Features
Transactions
Unlimited fee-free transactions
100 /250 free transactions *According to plan then $0.50 per transaction
Debit Card
Up to 20 individual cards with customizable spend limit
1
Credit Cards
Outgoing wire Transfers
Domestic wire transfers: $5 ($0 with Relay Pro)
International wire transfers: $10 ($0 with Relay Pro)
$25+ for domestic transfers
$40+ for international transfers
Check Deposit
Cash Deposit
Bill Pay
3rd-party Integrations
Quickbooks, Xero, Gusto, Plaid, and Yodlee.
QuickBooks, Xero, ADP®, and more.
Bottom Line
Why?
Relay offers a modern and streamlined approach to business banking. With its user-friendly interface and customizable workflows, businesses can easily navigate the platform and optimize financial operations. Relay’s advanced automation capabilities enhance efficiency, saving businesses time and effort. Innovative features like virtual cards and seamless integration with other tools further enhance the banking experience for businesses, making Relay an ideal choice for modern and efficient banking.
Wells Fargo provides a traditional banking experience with an extensive branch network. Businesses benefit from in-person support and personalized assistance, adding convenience and accessibility. Wells Fargo’s trusted reputation in the industry brings stability and reliability to their services. While not as digitally innovative as Relay, Wells Fargo appeals to businesses seeking a familiar and reliable banking experience.
Editorial Score
Winner!
Relay Vs. Wells Fargo
Compare Relay and Wells Fargo for business banking solutions. Relay stands out with its modern features and intuitive platform, while Wells Fargo offers comprehensive services and a well-established reputation. Explore their unique offerings and considerations to make an informed choice for your business’s banking needs.
General Details
Monthly Fee
$0 / $30 (pro)
$10 / $25 / $75 *According to plan
Number of Accounts Available
Up to 20 checking accounts
Single checking account
Accounts payable automation
Available for Relay Pro plan ($30 per month)
Banking Partner
Evolve Bank & Trust and Thread Bank, Members FDIC
Wells Fargo Bank, Member FDIC
Editorial Score
Card
Rating
Fees & Charges
Overdraft Fees
$0
$35
Early Account closing Fee
$0
$0
ATM Withdrawal fee
Full ATM fee reimbursement
Free at Wells Fargo ATMs $2.5-$5 fee at non-Wells Fargo ATMs
Features
Transactions
Unlimited fee-free transactions
100 /250 free transactions *According to plan then $0.50 per transaction
Debit Card
Up to 20 individual cards with customizable spend limit
1
Credit Cards
Outgoing wire Transfers
Domestic wire transfers: $5 ($0 with Relay Pro)
International wire transfers: $10 ($0 with Relay Pro)
$25+ for domestic transfers
$40+ for international transfers
Check Deposit
Cash Deposit
Bill Pay
3rd-party Integrations
Quickbooks, Xero, Gusto, Plaid, and Yodlee.
QuickBooks, Xero, ADP®, and more.
Bottom Line
In conclusion, when comparing Relay and Wells Fargo for business banking solutions, it becomes evident that Relay offers a more modern and streamlined approach. With its user-friendly interface, customizable workflows, and advanced automation capabilities, Relay empowers businesses to optimize efficiency and streamline financial operations. On the other hand, while Wells Fargo boasts a trusted reputation and an extensive branch network for in-person support, it may not provide the same level of digital innovation as Relay. Ultimately, the choice between Relay and Wells Fargo depends on the specific needs and preferences of the business owner, with Relay standing out as a leading option for businesses seeking a modern and efficient banking solution.