Mercury Business Banking
Startup / multi-user digital ops — $0 monthly fee, free USD wires & ACH, no cash deposits, 0% checking APY
Costs & Fees
Monthly maintenance: $0 on deposit accounts. Optional Plus ~$29.90–$35/mo; Pro $299/mo (software subscriptions, not DDA maintenance)
Fee waiver: N/A — core banking is $0 unconditional; Plus/Pro are optional paid software tiers
Transaction fees: No per-item fees on ordinary ACH, wires, checks. Unlimited USD ACH, domestic wires, USD intl wires (SHA), RTP (Column).
Overdraft/NSF: $0 overdraft fee; overdrafts not permitted — items may be rejected. Persistent negative ≥30 days may trigger closure.
ATM fees: Mercury does not charge own ATM withdrawal fee (U.S.). Operator surcharge possible; business ATM rebate not confirmed on current help page. 3% FX on non-USD ATM cash.
Wire/ACH: Incoming domestic: $0. Outgoing domestic: $0. Incoming intl: $0 from Mercury. Outgoing intl USD SHA: $0; USD OUR: $15; non-USD: 1% FX. ACH in/out: $0. Same-day ACH $0 if before 12pm PT and <$1M.
Cash deposit: Not offered — no branch, ATM, retail, or courier cash deposit
Interest & Yields
Checking APY: 0.00% — non-interest-bearing (Column Exhibit 1, Aug 14, 2026)
Savings APY: 0.00% APY on business savings (0.001% rate; Column Exhibit 1). Not a high-yield account.
FDIC coverage: Standard FDIC $250,000 per depositor per ownership category at Choice or Column
Access, Features & Tools
Access
Branch/ATM: No branches. Mastercard chip ATMs for cash withdrawal only — $1,000/card/business day, $3,000 company-wide. No cash deposits.
Mobile app: Trustpilot 4.0 (~2,761 reviews); Google Play ~4.6 (~1.76k); App Store ~4.9 (CA listing)
Cash deposits: None — no Allpoint+, Green Dot, USPS, armored, or night drop
Features
Invoicing/bill pay: Unlimited basic invoices included. Recurring/branding/invoicing API on Plus/Pro. Unlimited bill pay included; multiple GL codes Plus+.
Virtual cards: Included — physical + virtual debit with freeze, merchant lock, spend limits
International: USD ledger only. Pay-out in foreign currency via SWIFT at 1%. Local receiving not disclosed as multi-currency DDA.
Integrations
- ✓ QuickBooks Online bank feed (included)
- ✓ Xero bank feed (included)
- ✓ NetSuite bank feed (included; enriched categorizations on Pro)
- ✓ Gusto payroll integration
Limits & Requirements
Opening deposit: $0
Minimum balance: $0 published
Eligibility: U.S.-formed LLC, corp, partnership typical. EIN letter required. Trusts refused on business onboarding. International founders OK if U.S. entity and not in prohibited residence country.
Best for: No monthly fee (unconditional) Free USD wires and ACH Startup-friendly QuickBooks / Xero / NetSuite Virtual debit cards Multi-user permissions FDIC sweep up to $5M RTP on Column accounts
Pros & Cons
Pros
- ✓ $0 monthly, $0 min, $0 overdraft fee on deposit accounts
- ✓ $0 domestic wires, $0 USD intl wires (SHA), $0 ACH, $0 same-day ACH under $1M/12pm PT
- ✓ Sweep FDIC marketed up to $5M; RTP/FedNow-style rails $0 on Column accounts
- ✓ Strong multi-user, virtual cards, QBO/Xero/NetSuite feeds, bill pay, invoicing on free tier
- ✓ IO charge card 1.5% cashback, $0 annual fee (Patriot Bank; separate product)
Cons
- ✗ Business checking/savings APY 0.00% — yield requires Treasury ≥$250k (SIPC, not FDIC)
- ✗ No cash deposits at all; ATM cash-out capped $1k/card, $3k company
- ✗ Fintech + partner-bank stack; documented closure/freeze complaint pattern
- ✗ 3% card FX and 1% non-USD wire; Plus/Pro needed for advanced AP/AR automation
- ✗ Treasury wrap fee 0.15%–0.60%; Choice consent order and bank migration uncertainty
Strong Pick (digital startups & wire-heavy SMBs)
Mercury is a fintech front end with deposits at Choice Financial Group and Column N.A. (FDIC), optional sweep to $5M. Core checking and savings have $0 monthly fee, $0 minimums, $0 overdraft fee, and $0 USD ACH/wires/RTP (Column). Checking and savings APY are 0.00%. Yield is separate Mercury Treasury (Apex/SIPC, 0.15–0.60% wrap) unlocked at $250k. Cash deposits not offered. Differentiator is startup-grade ops: multi-user permissions, virtual cards, QBO/Xero/NetSuite, bill pay, invoicing on free tier. Weak on 0% checking, no cash, partner-bank risk, and closure complaints. Do not treat Treasury yield as checking APY or Mercury as an FDIC member.