Side-by-side comparison

Live Oak Business Savings vs Relay Business Checking

Live Oak Business Savings vs Relay Business Checking comparison on Luminxo. Compare fees, features, and transaction limits to find the right business bank account.

Lowest feesLive Oak Business SavingsFree
Highest ratedLive Oak Business Savings4.5/5.0
Most featuresRelay Business Checking7/11

Quick Take

Live Oak Business Savings

Live Oak Bank · Business Savings

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Live Oak Business Savings offers one of the highest APYs for business savings accounts at 4.00%. No monthly fees and only $1 minimum deposit. FDIC insured.

Best for: Businesses wanting to earn top interest on reserves

  • 4.00% APY
  • No Fees
  • $1 Minimum
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Relay Business Checking

Relay · Business Checking

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Relay is a no-fee online business banking platform designed for small businesses. It offers up to 20 individual checking accounts for profit-first budgeting and team expense management.

Best for: Small businesses using profit-first method

  • 20 Checking Accounts
  • Profit-First Budgeting
  • Auto-Transfers
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Side-by-Side Comparison

MetricLive Oak Business SavingsRelay Business Checking
Monthly FeeFreeFree
Free Transactions6/mo5000/mo
Min. Opening Deposit$0$0
APY4%-
FDIC InsuredYesYes
Integrations0+15+
Rating4.5/5.04.5/5.0

Feature Comparison

FeatureLive Oak Business SavingsRelay Business Checking
Mobile App✓✓
Mobile Deposit✓✓
Cash Deposits✗✗
Physical Branches✗✗
ACH Transfers✓✓
International Wires✗✗
Accounting Integrations✗✓
Sub-Accounts✗✓
Invoicing✗✓
Debit Card✗✓
Check Writing✗✗

Who Should Pick Which Account?

Live Oak Business Savings

Among the highest business savings APYs available, with no fees and an extremely low $1 minimum. Great for parking business cash reserves.

Best for: Businesses wanting to earn top interest on reserves

Pros

  • 4.00% APY
  • No monthly fees
  • $1 minimum deposit
  • FDIC insured

Tradeoffs

  • No checking features
  • No debit card
  • No physical branches
  • Limited to 6 transactions/mo

Relay Business Checking

Up to 20 free checking accounts for budget allocation, plus unlimited free ACH transfers and great QuickBooks integration.

Best for: Small businesses using profit-first method

Pros

  • No monthly fees
  • Up to 20 checking accounts
  • Great for profit-first budgeting
  • Real-time expense tracking

Tradeoffs

  • No physical branches
  • No cash deposits
  • No international wires
  • No interest on balances

Frequently Asked Questions

What is the main difference between Live Oak Business Savings and Relay Business Checking?

The biggest tradeoffs are monthly fees, free transactions, and the features included. This page compares those factors directly so you can choose the right fit for your business.

Which has the lowest fees?

Live Oak Business Savings has the lowest monthly fee in this comparison at free.

Which has the most features?

Relay Business Checking has the most features in this comparison with 7 out of 11 tracked features.