Bluevine vs. Relay

There are several differences between Bluevine and Relay, but three of the biggest might be:

• The option to access a Bluevine Line of Credit or revolving balance credit card alongside your checking account
• The ability to earn interest in your checking account
• The speed of mobile check deposits

While Relay offers multiple checking accounts and a savings account, there are few credit options available for businesses that may require additional cash flow to grow. Additionally, out of all Relay’s accounts, interest is only offered in their savings accounts on balances over $1,000. The Bluevine Standard plan earns 1.5% APY^BVSUP-00005 on checking balances that meet activity requirements, while Plus earns 2.7%^BVSUP-00131 and Premier earns 3.7%^BVSUP-00116 after a monthly fee. That means, assuming activity requirements are met, you earn interest on all your money, from the moment it hits your account—not just what you set aside. Finally, Relay’s check deposits can take up to seven days, while Bluevine deposits 97% of checks on the same day (can take up to five business days).

Required documentation may vary slightly depending on what type of entity your business is, but this information broadly falls into three categories:

• First, we'll ask for some basic information to create your sign-in: your full name, email address, mobile phone number, and a secure password.
• Second, we'll want to know about your business: trade name or DBA name, business address and phone number, EIN confirmation letter, annual revenue, entity type, and your industry.
• Third, we'll want to learn about you and anyone who owns 25% or more of the business: home address and phone number, date of birth, SSN, and ownership percentage of the business. We may also ask for the front and back of your driver's license.

For a detailed breakdown of what you'll need by entity type, click here.

We currently offer three Bluevine Business Checking plans: Standard, Plus, and Premier. Our standard plan comes with 1.5% APY, no monthly fees, a three-month free membership to Xero,^BVSUP-00181 and FDIC insurance up to $3 million. With our Plus plan, you get all the great benefits of our standard plan, and 2.7%, 20% off most Standard payment fees, six months of Xero, and more for a waivable $95/month fee. Finally, with our Premier plan, you'll enjoy 3.7% on checking balances up to $3 million, 50% off most Standard payment fees, six months of Xero, and access to priority customer support for a waivable $95/month fee.

Yes, Bluevine accounts are FDIC insured up to $3 million per depositor through Coastal Community Bank, Member FDIC and our program banks. $3 million in FDIC insurance is offered by multiplying the standard $250,000 FDIC coverage across multiple banks. Visit here for more details.

While being a Bluevine Business Checking customer is not required to apply for a line of credit, if you open a business checking account you'll be considered for all our weekly and monthly repayment plans.