Memo Bank vs Relay
Updated June 2026 · A structured head-to-head comparison.
The verdict
Both Memo Bank and Relay are credible business banking tools, and the right pick comes down to your priorities.
Memo Bank — Licensed bank for European SMEs.
Choose Relay if you'd rather have a lower starting price (free – $30/mo) and a free plan to start on. Business banking for small business.
Memo Bank vs Relay: side by side
| Dimension | Memo Bank | Relay |
|---|---|---|
| Starting price | Custom | Free – $30/moWinner |
| Free plan | No | YesWinner |
| Pricing model | Subscription | Freemium |
| Best for | Eu Smb, Scale Ups | Small Business |
| Platforms | Web, Ios, Android | Web, Ios, Android |
| Rating | 4.4/5 | 4.5/5 |
Memo Bank key facts
- Vendor
- Memo Bank
- Pricing
- Subscription — Custom
- Free tier
- No
- Platforms
- Web, Ios, Android
- Best for
- Eu Smb, Scale Ups
- Editor rating
- 4.4 / 5
- Founded
- 2017
- Headquarters
- Paris, France
Relay key facts
- Vendor
- Relay
- Pricing
- Freemium — Free – $30/mo
- Free tier
- Yes
- Platforms
- Web, Ios, Android
- Best for
- Small Business
- Editor rating
- 4.5 / 5
- Founded
- 2018
- Headquarters
- Toronto, Canada
Frequently asked questions
Is Memo Bank better than Relay?
Neither is universally better — Relay edges ahead on overall rating, but the best choice depends on price, platforms, and your use case. See the side-by-side table above.
Is Memo Bank or Relay cheaper?
Relay is the more affordable of the two to get started, at free – $30/mo. Memo Bank starts at custom; Relay starts at free – $30/mo.
Can Memo Bank replace Relay?
Yes for most teams — both are business banking tools with heavily overlapping features. The main trade-offs are pricing and platform support, covered in the comparison above.