Mercury
VerifiedFeaturedDealBanking built for startups
Data verified Oct 12, 2026
Editorial Verdict
AI-researched, not hands-on testedMercury's onboarding and account terms are genuinely strong for startups -- a 10-minute application, no fees on USD payments, and FDIC coverage up to $5M through partner banks. The one fact every applicant should know: Mercury itself is a fintech, not a bank, so that insurance runs through its banking partners, not Mercury directly.
Reviewed by AIToolPundit Editorial Team · last verified October 2026
About Mercury
Mercury is the banking solution built for startups and tech companies. Open an account in minutes with $0 fees, up to $5M FDIC coverage through partner banks, and powerful API access — used by 100,000+ startups including Andreessen Horowitz portfolio companies.
Screenshots
Commonly Cited Strengths & Limitations
Strengths
- Built on software with tasks done in 1-2 minutes
- Free checking and savings with zero minimums
- No fees on USD payments
- 1.5% cashback on credit spend
- Up to $5M FDIC insurance through partner banks
Limitations
- Mercury is a fintech company, not an FDIC-insured bank
Common Use Cases
- Business banking
- Expense management
- Payments and invoicing
- Accounting
- Treasury and cash management
Details
- Pricing Model
- Free
- Starting Price
- $0/month
- Founded
- 2019
- Team Size
- 201-500
- Headquarters
- San Francisco, CA
- Platforms
- WebiOSAndroid
- Category
- FinTech
Who is Mercury for?
SaaS Founders
Use Mercury's software-first banking to complete financial tasks within the app in 1-2 minutes.
Ecommerce Brands
Rely on Mercury as the part of their finance stack that keeps pace with constant change.
Agencies
Use built-in permissions so accountants can make payments in one click.
Frequently Asked Questions
Is Mercury free?
Yes, Mercury is free to use.
Does Mercury have an API?
Mercury does not currently offer a public API.
What platforms does Mercury support?
Mercury is available on Web, iOS, Android.
What does Mercury integrate with?
Mercury integrates with QuickBooks, Xero, NetSuite.
Is Mercury cloud-based or self-hosted?
Mercury is offered as a cloud-based (SaaS) deployment.
What are the downsides of Mercury?
Mercury is a fintech company, not an FDIC-insured bank
Who is Mercury best for?
Mercury is best suited for SaaS Founders, Ecommerce Brands, Agencies.
What can I use Mercury for?
Common uses for Mercury include business banking, expense management, payments and invoicing, accounting.
How does Mercury compare to Orbiit?
Mercury and Orbiit are both used for fintech. See the full side-by-side comparison for pricing and feature differences.
Key Features
- Business bankingFree checking and savings accounts with zero minimums, plus access to loans.
- Treasury by MercuryEarn up to 4.05% yield via portfolios powered by Morgan Stanley and State Street Investment Management.
- Cards & expense managementEarn 1.5% cashback on credit card spend and control team expenses with cards, reimbursements, limits, and approvals.
- Virtual cardsInstantly create as many virtual cards as needed for any purpose like ad spend or contractors.
- AI bill payAI reads bills, auto-populates details, and remembers recipients so you can approve and pay in seconds.
- PaymentsSend no-fee USD payments globally via wire, ACH, check, and real-time payment.
- InvoicingSend manual and automatic invoices, accept flexible payment methods, and get paid into your Mercury account.
- Receipt reconciliationEmail or upload receipts and they auto-attach to the right card transaction.
- AccountingSync with QuickBooks, Xero, or NetSuite and use AI-powered automations to close books faster.
- Universal searchFind any transaction, vendor, or card, or create payments and transfers from one search bar.
- FDIC insuranceUp to $5M FDIC insurance through partner banks and their sweep networks.
- Account securityFraud and phishing protection, passkeys, and dark web monitoring.
- AutomationsAutomated transfers, approval flows, and AI-powered transaction categorization.
- Team managementCard limits, spend controls, and granular user permissions.
Integrations
Technical Details
- Deployment
- Cloud
- Free Plan
- Available
Official Pricing
Mercury's published plans · verified Oct 12, 2026
Mercury for business
$0/mo
- Business banking
- Checking and savings with zero minimums
Mercury for personal
Contact Sales
- 3.50% APY on savings
- Joint accounts
- Unlimited free USD wires
Contact sales
Contact Sales
Pricing shown above is sourced from Mercury's own published plans as of Oct 12, 2026 and can change at any time -- confirm current pricing on Mercury's own site before purchasing.
Full Mercury pricing breakdown, free plan and cheaper alternatives →
Real Pricing from Verified Users
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Switching Stories
Real migration experiences with Mercury
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