Relay Financial Banking $300 Signup Bonus For Depositing $10,000

Offer at a glance

• Maximum bonus amount: $300
• Availability: Nationwide
•  Direct deposit required: None
• Additional requirements: None
• Hard/soft pull: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None listed
• Household limit: None listed
• Expiration date: None listed
• Insurance: FDIC (partnered with Evolve Bank & Trust, Member FDIC)

The Offer

Direct Link to offer

• Relay Financial, a platform for small business banking and cash management, is offering the following signup bonus. Open a new account and fund with $10,000 and receive a $300 bonus when you maintain it for 90 days 

Avoiding Fees

Relay has no monthly fees and no minimum balance and no overdraft fees.

Our Verdict

Previously this was only $150, but it also only required a $100 deposit. Account also earns up to 3.3% APY:

• When you are subscribed to the Starter Plan, the interest rate on your savings accounts is 1.02% with an APY of 1.03%.
• When you are subscribed to the Grow Plan, the interest rate on your savings accounts is 1.73% with an APY of 1.75%.
• When you are subscribed to the Scale Plan, the interest rate on your savings accounts is 2.99% with an APY of 3.03%.

Starter is $0 a month and others are $30 and $90 a month so really only starter that is worth considering. The bonus works out to be ~12% APY for the 90 days for a total of 13% APY, not a bad deal although for most people the earlier $150/$100 deal was probably better. Will add this to our list of the best bank account bonuses. 

Hat tip to reader megabr