Mercury review

Mercury gives a new business the most banking for $0 of any account on this list. The base plan has no monthly fee, no minimum balance and no overdraft penalties, and it includes checking and savings, ACH, domestic wires, real-time payments, mailed checks and USD international wires at no charge. Deposits are held at Choice Financial Group and Column N.A., and Mercury says sweep networks extend FDIC coverage up to $5M. The free plan also covers company cards, expense management, reimbursements, unlimited invoices and bill pay, which removes the need for several separate tools early on. Mercury Plus costs $29.90 a month on annual billing and adds recurring invoices, ACH debit invoicing and unlimited 1099 filings, while Pro at $299 a month adds a relationship manager. The main gaps are physical: there are no branches, and the pricing page lists no way to deposit cash, so cash-heavy shops should look elsewhere. Non-USD wires carry a 1% exchange fee.

Who it is for

Startups and online businesses that send many wires and want free banking with built-in finance tools.

Price

Free $0 plan; Mercury Plus $29.90 per month billed annually, Mercury Pro $299 per month.

$29.90 per month For businesses that need more efficiencies and streamlined invoicing.
Quoted from the vendor pricing page on November 12, 2026.

Key features

• $0 plan with no monthly fees, overdraft penalties or minimum balances
• Free ACH, domestic wires, USD international wires and real-time payments
• Up to $5M in FDIC insurance through partner banks and their sweep networks
• Unlimited invoices, bill pay, reimbursements and employee cards with limits
• Treasury with up to 4.21% yield once you hold a $250K Mercury balance

Strengths and weaknesses

• Strength: Domestic and USD international wires cost $0 on every plan
• Strength: Business checking and savings in the free plan
• Strength: Personal banking included free with any business plan
• Weakness: No branches and no cash deposit option listed on the pricing page
• Weakness: Non-USD international wires carry a 1% currency exchange fee
• Weakness: Mercury is a fintech, not a bank, so deposits sit at partner banks

Key facts

• Monthly fee: $0 on the base plan
• FDIC coverage: Up to $5M via partner banks
• Partner banks: Choice Financial Group, Column N.A.

Where it ranks

Mercury is No. 1 in our Best Business Bank Accounts verdict and No. 3 in Best Corporate Cards for Startups.