Are you looking for the best bank in Georgia for your small business? In this guide, we compare Relay and Signature Bank of Georgia to help entrepreneurs find the best fit for their small business or startup.
While Signature Bank of Georgia offers traditional banking tools for business owners, Relay’s platform is designed to help businesses with their money management, making it one of the top choices for small-to-medium businesses. Read more and compare banks below.
In this article:
What is Relay?
Relay is a modern online banking platform designed for small to medium-sized businesses. With a focus on digital-first experiences, our platform offers a range of features tailored to the unique needs of businesses, including:
Seamless, online account opening
Efficient money management tools
No hidden fees
Robust customer service
Relay is the preferred choice for businesses looking for a banking partner that understands and caters to their needs.
What is Signature Bank of Georgia?
Signature Bank of Georgia, established in 2005, is a community bank headquartered in Sandy Springs, outside of Atlanta. Their services are tailored to the residents and businesses of Georgia.
With a commitment to personalized service, Signature Bank of Georgia offers a range of financial services for businesses. Their solutions are designed to meet the ongoing demand of businesses by providing traditional tools.
With modern banking solutions, Signature Bank of Georgia has carved a niche for itself in Georgia banking.
Relay vs. Signature Bank of Georgia: Comparison Chart
Features/Services | Signature Bank of Georgia | Relay |
Open Account Online | ✅ | ✅ |
Online Banking | ✅ Web, Apple iOs and Android Mobile Apps | ✅ Web, Apple iOs and Android Mobile Apps |
Monthly Account Fees | For Business Builder Account: No monthly service charge up to 200 items a month; .25¢ per each additional item thereafter. | $0 |
Minimum Opening Deposit | $100 - $500, depending on the account | None |
Minimum Balance Requirement | Varies by account | None |
Overdraft Fees | None | $0 |
Money Movement | Insert fees here Wire Transfer: $0.25 per deposit or credit made $0.25 per check or debit made. $0.10 per on-us per transit item for Business Analysis account, none for other accounts ACH Payments: $0.15 per ACH credit $0.25 per ACH debit for Business Analysis account, none for other accounts | Wire Transfer: $5 domestic, $10 international (Free with Relay Pro) ACH Payments: Free |
ATM Access | 55,000+ | 55,000+ |
Branch Locations | 3 (2 Full Service) | Online-only |
Interest-bearing accounts | ✅ Varies by account | ✅ 1-3% APY on savings depending on balance |
Business Credit Cards | ✅ | ⛔️ |
Online Reviews |
Online banking
Relay offers a comprehensive online banking platform that allows businesses to manage their finances seamlessly. With Relay, businesses can:
Open up to twenty checking accounts
Easily transfer funds between accounts
Integrate popular accounting tools, QuickBooks, Xero, and Gusto
Handle cash management with auto-transfer
Signature Bank of Georgia also offers online banking services, allowing businesses to access their accounts, transfer funds, and manage their finances from the comfort of their office or home. Their platform is designed to be user-friendly, meaning businesses can easily carry out their banking tasks.
Profit First Banking
At Relay, we understand the importance of planning for your financial future. That's why we've integrated the Profit First method into our banking platform.
With Relay, businesses can set up multiple accounts to allocate funds, making small business administration a breeze. Our platform allows businesses to manage their operating expenses, owner's pay, profit, and other funds without the hassle of multiple bank fees.
While Signature Bank of Georgia offers multiple business banking accounts, they do not have a specific system in place for Profit First banking. Each business account comes with its own set of fees, which might not be productive for businesses looking to set up multiple accounts.
Customer Support
At Relay, we pride ourselves on our dedicated Customer Experience team, available from Monday to Friday, 9:30 AM to 6:30 PM ET. We provide multi-channel support, including chat, email, and phone. Businesses can reach out in the manner that's most convenient for them.
Signature Bank of Georgia offers customer support through phone, email, chat, and in-person channels. Their team is trained to assist businesses with any questions or issues they might encounter, ensuring a smooth banking experience.
Making the Right Choice for Your Business Banking Needs
Choosing the right banking partner is crucial for the success of your business. Both Relay and Signature Bank of Georgia offer a range of services tailored to the needs of businesses.
While Signature Bank of Georgia combines traditional banking values with modern solutions, Relay offers a digital-first approach oriented towards financial success.
To find the right fit for your business, consider your goals and the type of support you need. Then, choose the banking platform that aligns with your business plan. And if you're ready to sign up for Relay, you can !
Banking Built for Business Owners
No account fees or minimums; 20 checking accounts; 2 savings accounts with 1.00%-3.00% APY; 50 virtual + physical debit cards. Open account 100% online.
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