I never imagined that a company I trusted with my business transactions would rob me in broad daylight, After receiving a $20,000 ACH, Relay Financial locked my account under the guise of "investigating" my transaction. Despite submitting all the required documents to verify my account, they continued to hold my funds and gohst me.

Fraud is a real issue, but that doesn't give fintechs such as relay an excuse to hold your funds for months while they investigate fraud, even after submitting all the requsted documents 

 The situation felt hopeless, but I soon discovered I wasn’t alone in this. Dozens of other businesses have experienced similar situations with Relay Financial, revealing what appears to be a systematic scam with this fintech company.

I made a website to show complaints i have compiled from online, across sites like reddit, bbb, trustpilot and more, and to show resources if you are in this situation 

I have compiled over 40 similar complaints from amounts as small as $1200 to $70,000 held for months or even years!

Please check it out and add your complaints and storys (and it doesn't need to be relay. It can be any bank or fintech)

Endrelay.com

It is very clear that this company is operating a scam to steal your money, corporations think they can get away with stealing as technically its a civil matter

That has to change, stealing should be considered theft regardless if its me robbing a bank or a bank robbing me

The lack of transparency and accountability within these financial tech companies is alarming. As they continue to operate without facing any real consequences, individuals and small businesses suffer tremendous financial and emotional strain.

The fintech sector should be a safe and innovative space, but the lack of stringent regulations opens the door for scams and theft. Victims, like myself and others, have trusted these companies with their finances, only to be met with exploitation and bureaucratic runarounds when issues arise. Addressing these fraudulent activities is crucial to ensuring the safety and security of consumers in this rapidly growing sector.

It's critical for lawmakers and consumer protection agencies to step in and scrutinize the operations of fintech companies like Relay Financial. By doing so, we can implement stronger regulations to prevent financial scams and protect consumers' rights. We need a comprehensive plan that mandates detailed disclosures and strict audit processes to prevent companies from arbitrarily freezing accounts without just cause.

Join me in urging the Federal Trade Commission and other relevant regulatory bodies to take action against Relay Financial and other similar entities. Let’s demand transparency and accountability, and advocate for policies that protect consumers from these egregious scams. By signing this petition, you can help raise awareness and drive legislative changes that will prevent further victimization in the fintech space.

Sign this petition to hold Relay Financial accountable and pave the way for a safer fintech environment for everyone.