

Making all of your transactions private by default is extremely easy. This public record has been used to figure out everything from who won The Bachelor before a season aired to an alleged political sex trafficking investigation. When you create a Venmo account, by default all of your transactions are public - which means anyone on the internet can see exactly what you're sending, and to whom. Read more: 6 Best Payment Apps Make all of your Venmo transactions private If you're a vendor considering using Cash App, you're better off creating a business account through Square Payments. Neither app is currently optimized for buying or selling goods or services, though Venmo is working on a business profiles feature to make retail and commercial sales more secure. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.Avoid sending payments to people you don't know and trust through Venmo and Cash App. In the US Currency Cloud operates in partnership with CFSB. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ. Payment services are provided by The Currency Cloud Limited. There are no minimum balances or minimum deposits required to earn interest on your account. Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. APY will vary between 1-3% depending on the balances held. *The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. and may be used everywhere Visa® debit cards are accepted. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Banking services and FDIC insurance are provided by Evolve Bank & Trust and Thread Bank Members FDIC. Relay is a financial technology company, not an FDIC-insured bank.

Learn to manage cash with Relay in our live webinar and Q&A Insights and advice for small business advisors Stay on the money with these actionable tools and strategies The money management platform built for you and your clientsīecome a Banking Partner to help your clients bank smarterĪdvisors share what makes their firm successful Review, approve and pay bills within business bankingĭirectly sync ultra-detailed transaction dataīusiness banking and payroll together at last Relay is the official banking platform for Profit FirstĪutomated savings that earn you 1% to 3% APY* Know precisely what you’re earning, spending and saving
