SeedTime Money (Christian living & Personal Finances) Why Your Business Bank Account Is Holding You Back (and how to fix it with Relay)
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Jan 11, 2025 Deanna Zubrikas, a Relay Bank team member and expert in the Profit First methodology, shares her insights on transforming business banking. She discusses how traditional banks can hinder entrepreneurs with fees and poor service, while Relay offers fee-free accounts and innovative features. Deanna explains the benefits of integrating Relay with the Profit First method for better financial management. Listeners will also learn about Relay's exciting upcoming features like a new credit card and enhanced payment requests designed to streamline their processes.
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Bob's Banking Journey
- Bob describes his 17-year struggle with traditional business bank accounts, including high fees and poor customer service.
- He eventually found Relay Bank and has been happy with its simplicity and lack of fees.
Profit First and Relay Bank
- The Profit First method prioritizes taking profit first, then covering expenses.
- Relay Bank integrates seamlessly with this method, simplifying financial management.
Automating Finances
- Implement a system like Profit First to automate tax savings and avoid future tax debts.
- Prioritize essential financial tasks by automating them.
