Holdings vs Relay
Relay is a great bank. Holdings is the platform that replaces your bank, your accounting software, and your spreadsheets — for free.
Feature comparison
See how Holdings stacks up against Relay
| What you get | Holdings | Relay |
|---|---|---|
| 57 Free Tools | ✅ Included free | ❌ Not included |
| Built-in Accounting | ✅ Included free | ❌ Not included |
| Invoice Generator | ✅ Included free | ❌ Not included |
| Expense Tracking | ✅ Included free | ❌ Not included |
| P&L / Balance Sheet | ✅ Real-time | ❌ Requires QuickBooks |
| Tax Calculators | ✅ Included free | ❌ Not included |
| Monthly Fees | Free | Free (Pro: $39/mo) |
| APY on Deposits`, holdings: `${SITE_CONSTANTS.APY}%`, competitor: `1.00% – 3.00% (tiered) | ||
| FDIC Insurance | Up to $3M | Up to $3M |
| 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 |
| Built-in Accounting | ✅ $25/mo | Not offered |
Why choose Holdings over Relay
Stop juggling 5 apps — tools, accounting, and banking in one place
Relay is a bank. You still need QuickBooks, a spreadsheet for tracking, an invoice tool, and a tax prep app. Holdings replaces all of them with one free platform.
Your invoices auto-update your books
Send an invoice in Holdings and it automatically flows into your P&L, updates your balance sheet, and categorizes the income. No manual entry, no reconciliation.
Tax time takes 10 minutes, not 10 hours
Holdings auto-categorizes every transaction, generates real-time P&L and balance sheets, and includes tax calculators. Your books are always tax-ready.
Replace $100+/mo in software with a free platform
QuickBooks ($30-80/mo) + invoicing tool ($15-30/mo) + expense tracker ($10-20/mo) = $55-130/mo. Holdings includes all of it from $0/mo.
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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
I already have a bank — why do I need Holdings?
Holdings isn't just banking. It's 57 free tools, built-in accounting, invoicing, expense tracking, and tax calculators. Banking is included, but the tools are what replace your QuickBooks, your spreadsheets, and your bookkeeper.
Can I use Holdings tools without switching banks?
Yes. The tools and accounting features are free for everyone. Banking is optional — you can connect your existing bank and still use Holdings as your financial platform.
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.
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.
What tools are included free with Holdings?
Holdings includes 57 free tools: invoice generator, expense tracking, P&L and balance sheets, tax calculators, receipt capture, cash flow forecasting, and more. All free, all connected to your accounts automatically.
Ready to run your business from one place?
57 free tools. Free banking. Free invoicing. Accounting from $25/mo.
1.75% APY† • Zero fees^ • FDIC insured to $3M*