Construction Banking Tips, Tricks, and Hacks with Special Guest Deanna Zubrickas

Contractor Success Forum

When it comes to banking, the construction industry comes with some nuances. And if you're using Profit First, you'll have even more specific needs. This week, we're talking with Deanna Zubrickas of Relay Financial, the official banking partner of Profit First. She shares how contractors implementing Profit First can more easily set up bank accounts, manage subcontractors, track expenses, and more.
Topics we cover in this episode include:

• How to avoid spending hours at the bank to set up Profit First accounts
• How to make it easier to pay subcontractors
• Relay helps you identify and track transactions
• Relay's Zero Liability Protection
• Relay's fee structure
• Workflows in Relay
• Relay makes statement downloads easy
• Getting started with Relay and Profit First

DISCLAIMERS

Contractor Success Forum is an informational podcast and does not promote specific products or services. This episode is intended to be educational and does not represent an endorsement of the Relay platform. We recommend listeners do their own due diligence before signing up with Relay, or any other provider.

Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank and Evolve Bank & Trust; Members FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted. *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. APY will vary between 1-3% depending on the balances held. 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. There are no minimum balances or minimum deposits required to earn interest on your account.
LINKS
Visit the episode page at https://CarpenterCPAs.com/relay for more details and a transcript of the show.

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Chương

1. Construction Banking Tips, Tricks and Hacks with Special Guest Deanna Zubrickas (00:00:00)

2. How to avoid spending hours at the bank to set up Profit First accounts (00:02:23)

3. How to make it easier to pay subcontractors (00:03:46)

4. Relay helps you identify and track transactions (00:07:22)

5. Relay's Zero Liability Protection (00:10:56)

6. Relay's fee structure (00:15:37)

7. Workflows in Relay (00:17:17)

8. Relay makes statement downloads easy (00:21:16)

9. Getting started with Relay and Profit First (00:22:27)