Mercury

mercury.com
Financial Management
Few Days

Online Business Banking For Startups, Small Businesses & Scaling Companies

How to Replace Mercury

Overview

Mercury is a fintech company offering radically different business banking for startups and scaling companies. It provides checking and savings accounts, business credit cards, payment solutions, invoicing, and treasury management all in one integrated platform. Banking services are provided through Choice Financial Group and Column N.A., Members FDIC.

Features

33 features across 12 categories

Accounting Automations(6)

Multiple GL Codes for Bill PaymentsPremium

Assign multiple general ledger codes to bill payments for better accounting organization

NetSuite IntegrationPremium

NetSuite categorizations and enriched automations available on Pro plan

QuickBooks Integration

Enriched automations and bank feed connections with QuickBooks

Receipt ReconciliationAI

Email or upload receipts and system auto-attaches them to the right card transaction

Transaction CategorizationAI

AI-powered automatic categorization and sync to QuickBooks, Xero, or NetSuite

Xero Integration

Enriched automations and bank feed connections with Xero

Automations(1)

Automated Transfers

Reduce busywork with automated transfers and approval flows

Also in: NocoDB

Banking(5)

Free Business Checking & Savings Accounts

Open free checking and savings accounts with zero minimums and no account opening fees

Mercury Personal Savings AccountPremium

Personal banking with 3.25% APY on savings account, joint accounts, and unlimited free USD wires

Mobile App

Native iOS and Android app with 4.9 Apple App Store rating

Total Visibility Dashboard

Get a clear view of all available funds and money in and out in one snapshot

Universal Search Bar

Find any transaction, vendor, or card instantly or jump straight to creating payments, transfers, and more

Cards & Expense Management(3)

1.5% Cashback on Credit Spend

Earn unlimited cashback automatically deposited into account with no manual redemption or confusing points

Business Credit Cards

Access business credit cards as soon as day one with no minimums, credit checks, or personal guarantees

Virtual Card Creation

Instantly create as many virtual cards as needed for any purpose like ad spend, contractor payments, etc.

Expense Management(1)

Expense Reimbursements

Enable expense reimbursements for team members with free reimbursement for up to 5 active users per month

Invoicing(5)

ACH Debit InvoicingPremium

Send invoices with ACH debit option - $1 per transaction on Plus plan, free on Pro plan

Invoicing

Send manual and automatic invoices, accept flexible payment methods, and manage customer details from Mercury account

Invoicing APIPremium

Create invoices programmatically through API with different limits based on plan

Recurring InvoicesPremium

Set up recurring invoices for automatic billing

Stripe Credit Card Payment Processing

Accept credit card payments through Stripe with 2.9% + $0.30 processing fee

Also in: PayPal Business, Square, Acuity Scheduling

Payments(3)

Bill Pay with AIAI

AI reads bills, populates details automatically, and remembers past recipients for quick approval and payment in seconds

International Wire Transfers

Send USD international wires for free with options for standard (SHA) or premium (OUR) processing

No-Fee USD Payments

Send no-fee USD wires and no maintenance fees, saving thousands of dollars per year

Also in: Lightspeed POS, Acuity Scheduling, Setmore

Security(4)

Dark Web Monitoring

Monitor dark web for account security threats

Extended FDIC Insurance Coverage

Get up to $5M FDIC insurance through partner banks and their sweep networks

Fraud & Phishing Protection

Tech-forward fraud and phishing protection with MFA verification and dark web monitoring

MFA Verification

Multi-factor authentication verification for account security

Also in: Hugging Face, Notion, Airtable

Support(2)

Chat Support

Chat support available for all customers

Dedicated Account ManagementPremium

Relationship manager and dedicated account management for qualifying customers on Pro plan

Taxes(1)

1099 Tax FilingsPremium

Unlimited 1099 tax filings included on paid plans

Team Management(1)

Team Management & Permissions

Curb team spend with card limits, spend controls, and granular user permissions with approval flows and locks

Treasury(1)

Mercury Treasury

Earn up to 3.71% yield with high-liquidity, lower-risk portfolios powered by J.P. Morgan Asset Management and Morgan Stanley

Pricing

Mercury

Free
  • Free checking and savings accounts
  • Business banking
  • Sending and receiving money
  • Company cards
  • Expense management
  • Invoicing
  • Bill pay
  • Accounting automations
  • Treasury (with $250K+ balance)
  • Taxes
  • Receipt reconciliation
  • Team management
  • Automated transfers
  • Chat support

Mercury Plus

$29.90/mo ($239.90/year)
  • Everything in Mercury
  • ACH debit invoicing ($1/transaction)
  • Recurring invoices
  • Invoicing API (500 invoices/month)
  • Multiple GL codes for bill payments
  • Reimburse up to 20 users/month
  • Unlimited 1099 tax filings
  • $50 off LegalZoom Compliance Plans
  • 6 months free Xero

Mercury Pro

Popular
$299/mo ($2,395.90/year)
  • Everything in Plus
  • Relationship manager
  • ACH debit invoicing (free)
  • Invoicing API (unlimited invoices/month)
  • NetSuite categorizations
  • Reimburse up to 250 active users
  • Unlimited 1099 tax filings
  • $50 off LegalZoom Compliance Plans
  • 6 months free Xero

Mercury Personal

$240/year
  • Personal checking and savings accounts
  • 3.25% APY on savings
  • Joint accounts
  • Unlimited free USD wires

Cost Calculator

Keep Paying Mercury

Monthly$29.9/mo
Yearly$359/yr
5-Year Total$1.8k

Build It Yourself

Est. Build Time~4 hrs
Hosting$20/mo
DifficultyEasy

Total Cost Comparison

1 YearSave $119
SaaS
$359
DIY
$240
3 YearsSave $356
SaaS
$1.1k
DIY
$720
5 YearsSave $594
SaaS
$1.8k
DIY
$1.2k

DIY hosting estimate based on Vercel + Supabase free/pro tiers (~$20/mo). Build time estimated from 33 features at easy complexity.

Build vs Buy

Should you build a Mercury alternative or buy the subscription? Estimate based on 33 features.

Buy Mercury

Better Value
Monthly cost$299/mo
3-year total$10,764
Time to deployDays

Build Your Own

Development cost$24,000
Maintenance$360/mo
3-year total$36,960
Dev time~2 months

Buying Mercury saves ~$26,196 over 3 years vs building.

Estimates based on 33 features and a BuildScore of 4/5. Actual costs vary.

Integrations

9 known integrations

J.P. Morgan Asset ManagementLegalZoomMastercardMorgan StanleyNetSuiteQuickBooksStripeVisaXero