Donna Genie walks through why small-business banking is broken at traditional banks, then shows how Relay fixes it: no fees, online transfers, bill pay, virtual credit cards with spending limits per card, and direct feeds to accounting software like Xerox.
For a long time now, we've been looking for the ultimate solution to what is a great bank for a small business. Most banks have trouble spots. They either have too high fees, they don't offer the right service, or you are a little fish in a big pond and you get terrible customer service. Well, we've come up with a great new revolutionary way to deal with banking for small businesses and I'm excited to share this with you. We are partnering with Relay. Relay is what we call a neobank. Neobanks are sort of a newfangled bank. They are backed by FDIC protection of a bank, just like you've normally seen a brick and mortar bank. So you have all the protections of that, but they build a layer of a platform on top that adds all the good things that we've always been looking for in small businesses. Things like no fees, none free bill pay, ease of transferability. So all of this is all online. You can transfer money between your accounts with Relay and you can transfer back and forth into a traditional bank account if you need to as well. You can also get credit cards or even online credit card, virtual credit cards that you can use for specific employees, for specific purposes, projects to be able to track things individually. Again, no fees. You can also set spending limits. So if you wish that you could give an employee a credit card where they could spend no more than $100 a day to buy some little supplies here or there, you can do that. If one day comes and they need to spend $200, all you need to do is pop online and adjust that amount to that spending capacity for that day. It has so much flexibility. It's kind of the dream, what we've been looking for for a long time in the banking world. We also have the ability to have a direct feed. Now, I know that doesn't mean a whole lot to you, but what that means is that as those transactions happen, they will automatically come into Xerox and they'll play very nicely. We don't have to deal with all the security challenges that we deal with with traditional banks in a lot of cases. So very smooth flow of information. Awesome ability to use that functionality online. We think this is going to revolutionize the banking world for our clients and I hope you'll take advantage of this if you would like to give it a shot. Again, there's no risk, it's no fee. We will help you get set up. It just takes a matter of minutes. We will set it up online and then you'll verify a few things via your Social Security car or your driver's license and Social Security information, just like you normally would to open a bank account. So let me know if you would like to give this a shot, and I will be happy to set you up and you can learn how wonderful this can be. Thank you.
