M&T Business Checking vs Relay: which one fits your business?
Side-by-side comparison of M&T Business Checking and Relay — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Relay wins on our scorecard (8.2/10 vs 7.1/10).
| Scored on | M&T Business Checking | Relay |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 7 | 8 |
| Fees & pricing | 7 | 9 |
| Customer support | 8 | 6 |
| Features | 6 | 9 |
| Simple Business Checking Monthly Fee | $5 (Waived with 5+ transactions) | — |
| Tailored Business Checking Monthly Fee | $20 (Waived with $5k balance) | — |
| Cash Deposit Limit (Free) | $5,000 per month | — |
| Domestic Outgoing Wire | $35.00 | — |
| Monthly Maintenance Fee | — | $0 |
| Relay Pro Fee | — | $30/mo |
| Domestic Wire (Standard) | — | $5 |
| International Wire (Standard) | — | $10 |
| Minimum Opening Deposit | — | $0 |
M&T Business Checking in one paragraph
M&T Business Checking is a rock-solid choice for East Coast businesses that value cash handling and branch access over flashy digital features.
Skip it if: Skip it if you are a 100% digital business that needs automated bookkeeping integrations and high-yield interest on your operating capital.
Relay in one paragraph
The best choice for business owners who want to automate their budgeting through multiple accounts without getting nickel-and-dimed on monthly fees.
Skip it if: Skip it if you run a cash-heavy retail business or need to deposit large physical checks frequently.
Frequently asked questions
Which is better, M&T Business Checking or Relay?
On our five-axis scorecard, Relay scores higher (8.2/10 vs 7.1/10). The best choice for business owners who want to automate their budgeting through multiple accounts without getting nickel-and-dimed on monthly fees.
Who should skip M&T Business Checking?
Skip it if you are a 100% digital business that needs automated bookkeeping integrations and high-yield interest on your operating capital.
Who should skip Relay?
Skip it if you run a cash-heavy retail business or need to deposit large physical checks frequently.