Grasshopper vs Relay: Which Online Bank Is Better for Small Business?

Get started with Grasshopper to open your business checking account with cashback rewards, high-yield savings, and real human support here: https://startupwise.com/grasshopper/ Get started with Relay to simplify your business finances, manage team spending, and organize cash flow across multiple accounts here: https://startupwise.com/relay/ In this video, I compare Grasshopper and Relay to help you decide which online banking solution is better for your small business. I’ll walk you through how both platforms work, their key differences in features like debit cards, expense management, and automation, and which one gives you more value depending on your business goals. By the end, you’ll know exactly which platform fits your workflow, whether you’re running solo or managing a growing team. Our favorite business must-haves: 💳 Best business credit cards: https://startupwise.com/creditcards 🏦 Novo (best business bank): https://startupwise.com/novo 🖥️ Best AI website builder ($3/month using code STARTUPWISE): https://startupwise.com/hostinger/ ⚙️ Northwest (best $39 LLC formation service): https://startupwise.com/northwestLLC 💰 Payroll with Gusto (get 2 months free!): https://startupwise.com/gusto 👨💼 Best overseas staffing agency (save 80% on payroll): https://paired.so/startupwise Be sure to watch this video until the end because I’ll compare what each bank does beyond basic checking accounts, things like interest rates, savings tools, and team-level controls that traditional banks don’t offer. Most videos stop at surface-level pros and cons, but here you’ll get a real breakdown of what it’s like to actually use these platforms day-to-day, so you can pick the one that helps your business save time and money. From my experience working with founders and small business owners, I’ve found that smart banking comes down to three pillars: simplicity, control, and growth potential. Relay wins if you need multi-account control and advanced team spending tools, while Grasshopper stands out if you want interest-earning accounts, cashback rewards, and direct lending options. Follow this framework to determine what matters most for your business and select the platform that enables you to scale smarter. If you found this video helpful, be sure to check out our other videos on: Grasshopper Bank Review for Entrepreneurs: Is It Worth It in 2025?: https://youtu.be/fHtMYkwWgE8 Why You Should Consider Switching to Relay Bank in 2025 (Pros & Cons Breakdown): https://youtu.be/BUaZgTPRxwE Request New Videos Here: https://forms.gle/k9TtfauggkEpAWNQA More tutorials on our website: https://www.startupwise.com Thanks for watching! I hope you have a wonderful day! – Eric #Grasshopper #Relay #Review Timeline: 0:00 - Introduction 0:46 - What Is Grasshopper Bank and How It Works 2:02 - What Is Relay Bank and How It Works 3:16 - How to Open a Business Bank Account Online 4:12 - How to Use the Grasshopper and Relay Dashboards 5:19 - How Business Debit Cards Work in Grasshopper and Relay 6:05 - How to Earn Interest and Save with Grasshopper 6:52 - How to Track Expenses in Grasshopper and Relay 7:30 - Business Bank Fees and Minimum Requirements Explained 8:02 - How to Get Customer Support for Grasshopper and Relay 8:33 - Business Lending and Credit Options Explained 8:57 - How to Choose Between Grasshopper and Relay 9:55 - Conclusion Disclaimer: Some of the links above may be affiliate links, meaning I may receive a small commission if you click on them. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your due diligence. We appreciate your viewership! In addition, we are not financial advisors. StartupWise does not provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your due diligence before making any financial decisions.