Mercury
Plus
Flat price, whole team$35.00
× 12 months$420.00
Per year
$3.50 per person / mo
$420
Mercury vs Novo
Compare with for .
Mercury
42%
match · $420/yr
Novo
54%
match · $0/yr
What matters most?
Fine-tune
What you'd pay
Entry plan for 10 people, billed yearly where offered. Prices checked Oct 2026.
Novo
Free
Free to use$0.00
Per year
$0
Free to start
Mercury
From $35Free plan
Incorporated US startups, including VC-backed teams and companies with non-US founders, that want free wires, high FDIC coverage and a clean banking dashboard without a monthly fee.
vs
Novo
From FreeFree plan
G2 3.5 · 11 reviewsVery early, low-complexity companies and founder-led service businesses that want a free account with invoicing and rarely send wires.
Side by side
| Mercury | Novo | |
|---|---|---|
| Pricing | Free banking; optional Plus $35/month or Pro $350/month ($29.90 and $299/month billed annually) | Free business checking ($0 monthly fee, $0 minimum balance) |
| G2 Rating | Not yet verified | 3.5 (11 reviews) |
| Best For | Incorporated US startups, including VC-backed teams and companies with non-US founders, that want free wires, high FDIC coverage and a clean banking dashboard without a monthly fee. | Very early, low-complexity companies and founder-led service businesses that want a free account with invoicing and rarely send wires. |
Pros and cons
Mercury
Pros
- No monthly fee and no minimum balance on core banking
- Free domestic and USD international wires
- Up to $5M in FDIC coverage through sweep networks
- Accepts US-formed companies whose founders live in many countries
Cons
- No cash deposits
- Treasury yield only unlocks at $250,000 in Mercury balances
- 1% fee on non-USD wires and 3% on non-USD card spend
Novo
Pros
- Free account with no balance requirement
- Reserves make tax and payroll set-asides easy
- Many e-commerce and payments integrations
- No overdraft or insufficient funds fees
Cons
- FDIC coverage limited to the standard $250,000
- Outgoing domestic wires up to $45 and no interest on balances
- No cash deposits
Related comparisons
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Emily RodriguezUpdated October 2026
Best Business Bank Accounts for Startups
Mercury is the best default business bank account for most US startups: no monthly fee, $0 domestic and USD international wires, and up to $5M in FDIC coverage through partner banks' sweep networks. Choose Brex if you are funded and want cards and spend management in the same product, or Chase if you handle cash.
+1
Emily RodriguezUpdated October 2026Accounting & FinanceEmily RodriguezUpdated October 2026
Mercury vs Brex
Choose Mercury if you want the best all-round business bank account with free wires and a simple 1.5% cashback card. Choose Brex if you need a corporate card with detailed spend controls, global coverage or treasury yield below $250,000.
+1
Emily RodriguezUpdated October 2026