Mercury
Software-first business banking for startups, with $20B monthly transaction volume
What is Mercury?
Mercury is a software-first business banking platform providing checking, savings, treasury, corporate cards, bill pay, and invoicing through partner banks Choice Financial Group and Column N.A. It processes $20B+ in monthly transaction volume and is used by 300K+ entrepreneurs, with the company claiming 1 in 3 US startups bank with them. Treasury yields up to 3.66% APY on $250K+ balances and IO cards offer 1.5% cashback.
Accounting, FP&A, billing, spend management, bookkeeping, and finance automation tools.
See the full Finance & Accounting guide to compare more tools, buyer criteria, and related workflows.
Use cases to evaluate
Open a US business checking account with no minimums and free USD wires
Earn up to 3.66% APY on idle cash via Mercury Treasury money market funds
Issue virtual and physical IO cards with 1.5% cashback and team controls
Run AP with AI bill pay synced to QuickBooks, Xero, or NetSuite (Pro)
Fit to evaluate
YC-style startups raising seed through Series B
SaaS and agency founders wanting modern banking UX
Scaling companies needing $5M+ FDIC sweep coverage
Finance leads who want treasury + AP + cards on one login
Business fit
Right for you if you're a startup, agency, or SaaS company that wants modern banking UX, no minimums, free USD wires, and FDIC sweep coverage well past $250K. Mercury Pro at $299/mo unlocks NetSuite sync and a relationship manager for scaled teams. Skip if you need physical branches, cash deposits, or merchant services, since Mercury is digital-only and doesn't accept cash. Skip if you operate primarily outside the US, as the platform is US-centric for entity formation.
How to evaluate Mercury
Use this category when finance work depends on spreadsheets, manual reconciliation, or slow reporting.
Confirm the exact workflow
Map Mercury to one concrete workflow first, such as open a us business checking account with no minimums and free usd wires. Avoid buying before the owner, trigger, output, and success metric are clear.
Check category fit
Compare accounting workflows, approvals, reconciliation, reporting, and audit trails.
Compare practical alternatives
Shortlist Mercury against CostAllocation Pro, FreshBooks, Wave so the decision is based on fit, effort, and workflow ownership rather than brand recognition alone.
Validate cost and rollout effort
Mercury: $0/mo (free). Mercury Plus: $29.90/mo ($23.95 annual). Mercury Pro: $299/mo ($239.90 annual). USD wires free; FX 1%; international wires free SHA or $15 OUR. Treasury requires $250K+ balance. Also confirm implementation time, support needs, and whether the medium setup matches your team.
Compare Mercury with alternatives
Use this quick comparison before booking demos or moving data into a new system.
| Primary workflow | Open a US business checking account with no minimums and free USD wires, Earn up to 3.66% APY on idle cash via Mercury Treasury money market funds |
|---|---|
| Best-fit team | YC-style startups raising seed through Series B, SaaS and agency founders wanting modern banking UX |
| Implementation effort | Medium setup and maintenance profile |
| Pricing check | Free plan + paid plans |
| Closest alternatives | CostAllocation ProFreshBooksWaveSage |
Mercury pricing
| Model | Free plan + paid plans |
|---|---|
| Snapshot | Mercury: $0/mo (free). Mercury Plus: $29.90/mo ($23.95 annual). Mercury Pro: $299/mo ($239.90 annual). USD wires free; FX 1%; international wires free SHA or $15 OUR. Treasury requires $250K+ balance. |
| Checked |
Common questions about Mercury
What is Mercury?
Mercury is a software-first business banking platform providing checking, savings, treasury, corporate cards, bill pay, and invoicing through partner banks Choice Financial Group and Column N.A. It processes $20B+ in monthly transaction volume and is used by 300K+ entrepreneurs, with the company claiming 1 in 3 US startups bank with them. Treasury yields up to 3.66% APY on $250K+ balances and IO cards offer 1.5% cashback.
What is Mercury used for?
Common use cases: Open a US business checking account with no minimums and free USD wires; Earn up to 3.66% APY on idle cash via Mercury Treasury money market funds; Issue virtual and physical IO cards with 1.5% cashback and team controls; Run AP with AI bill pay synced to QuickBooks, Xero, or NetSuite (Pro).
How much does Mercury cost?
Mercury: $0/mo (free). Mercury Plus: $29.90/mo ($23.95 annual). Mercury Pro: $299/mo ($239.90 annual). USD wires free; FX 1%; international wires free SHA or $15 OUR. Treasury requires $250K+ balance.
Who is Mercury best for?
Mercury fits YC-style startups raising seed through Series B, SaaS and agency founders wanting modern banking UX, Scaling companies needing $5M+ FDIC sweep coverage, Finance leads who want treasury + AP + cards on one login. Right for you if you're a startup, agency, or SaaS company that wants modern banking UX, no minimums, free USD wires, and FDIC sweep coverage well past $250K. Mercury Pro at $299/mo unlocks NetSuite sync and a relationship manager for scaled teams. Skip if you need physical branches, cash deposits, or merchant services, since Mercury is digital-only and doesn't accept cash. Skip if you operate primarily outside the US, as the platform is US-centric for entity formation.
What are alternatives to Mercury?
Common alternatives to Mercury include CostAllocation Pro, FreshBooks, Wave, Sage, Zoho Books, Bench.