Mercury
Business banking built for startups and growing companies.
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Mercury is a fintech business bank account that has become a favorite among LLCs, startups, and growing freelance businesses. It offers a clean interface, API access, treasury accounts with yield, and no monthly fees. Mercury's additional features like venture debt and SAFE agreements make it uniquely suited for freelancers who may eventually want to raise investment.
Our Scores
4.5
Ease of Use
4.6
Features
4.7
Value
4.3
Support
Pros & Cons
Pros
- ✓No monthly fees, no minimum balance
- ✓High-yield Mercury Treasury accounts (money market funds)
- ✓Excellent API for developers and automation
- ✓Virtual and physical Visa debit cards
- ✓Integrates with QuickBooks, Xero, Stripe, and more
Cons
- ✗US entities only (no sole proprietors — need an LLC or Corp)
- ✗No multi-currency accounts
- ✗Customer support primarily via email (no phone)
- ✗No cash deposit option
Best For
- →LLCs and S-Corps
- →Tech freelancers and developers
- →Freelancers planning to grow into a startup
- →Anyone wanting high-yield treasury accounts
Not Ideal For
- ✗Freelancers who need international multi-currency accounts
- ✗Expats outside the US
- ✗Anyone needing a physical debit card immediately
Pricing
Mercury
Free
- ✓Checking & savings
- ✓No transaction limits
- ✓Physical + virtual cards
- ✓ACH & wire transfers
- ✓Accounting integrations
Mercury Plus
$35/month
- ✓Everything in Mercury
- ✓Dedicated account manager
- ✓Higher wire limits
- ✓Premium support
Frequently Asked Questions
Can a sole proprietor use Mercury?
Mercury requires a registered business entity — an LLC, S-Corp, or C-Corp. Sole proprietors without a formal business entity cannot open a Mercury account.
Is Mercury FDIC insured?
Yes. Mercury accounts are held at Choice Financial Group and Evolve Bank & Trust, both FDIC members. Deposits are insured up to $250,000 per depositor per bank.
How does Mercury compare to Relay?
Mercury is better for LLCs, S-Corps, and tech companies. Relay is better for sole proprietors and "Profit First" practitioners who want multiple sub-accounts. Both are free.
Other Banking Options
Tax Information Notice
This content is for informational and educational purposes only. It does not constitute tax, legal, or financial advice. Tax laws change frequently. Always consult a qualified CPA or Enrolled Agent for your specific situation.