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Relay

Bank

Great budgeting (20 sub-accounts) — just needs a real operating address (an overseas home address works, not a virtual one).

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The most solid alternative to Mercury. Accepts an overseas operating address (no US premises needed) — good for non-US founders not yet on the ground. Up to 50 virtual cards, enough to split by team or project. One gripe: the application form is long and clunky — nowhere near as slick as Mercury's.

Eligibility at a glance

Requires SSN
No
Overseas operating address
Yes
Intl wire (out)
$10
Virtual cards
50
Account manager
None

Best for

  • E-commerce that needs to separate revenue, taxes, and operating funds
  • Agencies using sub-accounts as per-client buckets
  • Founders with a real operating address — a home address works, US or overseas, just not a virtual one
  • Teams needing multi-user controls + plenty of virtual cards

Where it falls short

  • The operating address can't be virtual or a PO box (a registered agent is fine as the company address, just not as the operating one)
  • International wires cost $10 out (Mercury is free)
  • No API access

Restricted countries

AfghanistanBelarusBosniaBurkina FasoMyanmarBurundiCambodiaCentral African RepublicCongo (DRC)CubaEthiopiaGuinea-BissauHaitiIranIraqLebanonLibyaMaliNicaraguaNigeriaNorth KoreaPakistanRussiaSomaliaSouth SudanSudanSyriaUkraineVenezuelaYemenZimbabwe

Restricted industries

Money services (MSB)CryptocurrencyCrypto exchangeCrypto-relatedNFTsCannabisDebt collectionPrescription drugsPayday lendingAdult contentHate / bias contentGamblingTelemarketingDating / escort servicesDebt consolidationFirearmsShell companies

Documents to prepare

  • A US-registered company
  • An EIN
  • A tax ID: SSN or passport number (non-residents use a passport number — no ITIN needed)
  • The owner's passport (as government-issued ID)
  • An operating address: a real place of business (a home address, US or overseas, with proof; no virtual / PO Box / registered agent). A registered agent is fine as the company address
  • Details on the company's income and source of funds
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