Relay is an online business-banking platform (via partner Thread Bank) designed to help small businesses organize cash flow with multiple checking accounts and sub-accounts for budgeting (tax, payroll, savings buckets), plus FDIC coverage up to $3M through partners. For group or growing therapy practices it brings structure to money management. Not a PHI tool.
Accounting & TaxVerified June 2026
Relay
Business banking with sub-accounts for organizing practice cash flow.
About Relay
What Relay does
The features that actually matter for therapy practice.
Business checking with sub-accounts
Cash-flow budgeting buckets
No monthly fees (Standard)
FDIC coverage up to $3M
Accounting integrations
Honest assessment
What works and what does not, based on hands-on testing.
What works well
- Sub-accounts for budgeting
- No monthly fees (Standard)
- High FDIC coverage
- Integrates with accounting tools
Where it falls short
- Not therapy-specific
- APY only on savings
- Banking via partner bank
- Not a clinical/PHI tool
FAQ
Common questions about Relay
- What is Relay best for?
- Business banking with sub-accounts for organizing practice cash flow.
Alternatives
Other tools in Accounting & Tax
Bench
Generic bookkeeping with human team used by some therapists.
From $299/moUnverified
FreshBooks
Invoicing-first accounting popular with service-based solo practitioners.
From $19/moUnverified
Heard
Bookkeeping and taxes built specifically for therapists.
From $149/moUnverified
Traktion Accounting
Hands-on accountant team for established therapy practices.
PaidUnverified
Side-by-side
Compare Relay with another option
Relay vs Bench
Generic bookkeeping with human team used by some therapists.
Read comparisonRelay vs FreshBooks
Invoicing-first accounting popular with service-based solo practitioners.
Read comparisonRelay vs Heard
Bookkeeping and taxes built specifically for therapists.
Read comparisonRelay vs Traktion Accounting
Hands-on accountant team for established therapy practices.
Read comparison