Relay: who holds your money
Relay Financial Technologies, Inc.
Relay is not a bank. Relay says customer money is held at Thread Bank, with insurance reaching customers as pass-through FDIC insurance at the partner bank, subject to the app's recordkeeping. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Relay is not a chartered bank, and customer money sits at Thread Bank, which has letter B on this site. Federal deposit insurance passes through Relay at Thread Bank, provided Relay’s records identify each customer. Coverage is $250,000 per depositor, per insured bank, for each account ownership category. Relay’s disclosure was read on September 5, 2026.
Partner banks
- Thread BankFDIC #9499 · program bank11.0%above the insured limitB61.7
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
Relay is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. FDIC insurance available for funds on deposit through Thread Bank, Member FDIC. Certain conditions must be satisfied for pass-through FDIC insurance to apply.
relayfi.com · as of September 5, 2026