Holdings vs Relay
Relay organizes your money into buckets. Holdings does that plus auto-categorizes every transaction, generates financial reports, and gives you real accounting.
Feature comparison
See how Holdings stacks up against Relay
| Feature | Holdings | Relay |
|---|---|---|
| Monthly Fees | Free | Free (Pro: $39/mo) |
| APY on Deposits | 1.75% | 1.00% – 3.00% (tiered) |
| FDIC Insurance | Up to $3M | Up to $3M |
| Built-in Accounting | ✅ Included free | ❌ Not included |
| Auto-Categorization | ✅ Included free | ❌ Not included |
| P&L / Balance Sheet | ✅ Included free | ❌ Requires QuickBooks |
| Sub-accounts | Unlimited (free) | Up to 20 (free) / 40 (Pro) |
| Physical Debit Cards | ✅ Free | ✅ Free |
| Virtual Cards | ✅ Free | Pro only ($39/mo) |
| Domestic Wires | Free | $5 each |
| Team Permissions | ✅ Included | ✅ Included |
| Bookkeeping Add-on | $100/mo | Not offered |
Why choose Holdings over Relay
Full accounting software included
Relay requires QuickBooks ($30+/mo) or Xero for accounting. Holdings includes auto-categorization, financial reports, and tax-ready books at no extra cost.
Unlimited sub-accounts at no cost
Relay caps free accounts at 20 sub-accounts (40 on Pro at $39/mo). Holdings offers unlimited sub-accounts on every plan.
Free virtual cards and wires
Relay charges $39/mo for virtual cards and $5 per domestic wire. Holdings includes both free on every account.
When Relay might be the better choice
Relay may be a better fit if you\'re already integrated with their profit-first allocation system and prefer their specific budgeting approach over general-purpose sub-accounts.
Frequently asked questions
How are Holdings sub-accounts different from Relay buckets?
Both let you organize money into separate accounts. Holdings adds auto-categorization, accounting reports, and fund tracking on top — so your sub-accounts double as accounting categories.
Does Holdings integrate with QuickBooks like Relay?
Yes, Holdings can export to QuickBooks and Xero. But since Holdings includes its own accounting software, most users don't need a separate tool at all.
Is Holdings really free? Relay has a paid tier.
Holdings is free — no monthly fees, unlimited sub-accounts, free virtual cards, and free wires. Features that Relay puts behind their $39/mo Pro plan are included on every Holdings account.
Can I switch from Relay to Holdings?
Yes. Open a Holdings account in minutes and transfer funds at your own pace. Your transaction history in Holdings starts fresh with auto-categorization from day one.
Which has better APY?
Holdings offers 1.75% APY on all deposits. Relay offers 1.00–3.00% tiered APY depending on balance and plan. Your effective rate depends on your balance level.
Ready to switch?
Open your Holdings account in minutes. Keep your current bank during the transition — move at your own pace.
1.75% APY† • Zero fees^ • FDIC insured to $3M*