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Mercury
Mercury is a strong digital operating platform for startups and globally oriented U.S. companies. Core checking and savings have no required monthly fee, minimum balance, or overdraft fee, and include cards, permissions, bill pay, invoicing, accounting connections, ACH, domestic wires, and USD international wires. Mercury advertises up to $5 million in conditional FDIC sweep coverage. Its Treasury product can earn investment yield for eligible businesses with at least $250,000 across Mercury, but Treasury is a securities account—not an FDIC-insured savings account—and can lose value. Mercury has no cash-deposit channel or branches, paid workflow plans add complexity, and approval and international availability are conditional.
What to know about Mercury
Mercury is a strong digital operating platform for startups and globally oriented U.S. companies. Core checking and savings have no required monthly fee, minimum balance, or overdraft fee, and include cards, permissions, bill pay, invoicing, accounting connections, ACH, domestic wires, and USD international wires. Mercury advertises up to $5 million in conditional FDIC sweep coverage. Its Treasury product can earn investment yield for eligible businesses with at least $250,000 across Mercury, but Treasury is a securities account—not an FDIC-insured savings account—and can lose value. Mercury has no cash-deposit channel or branches, paid workflow plans add complexity, and approval and international availability are conditional.
Pros
- Feature-rich core banking with no required monthly fee or minimum balance
- Strong domestic and international payments, permissions, API, and accounting tools
- Conditional FDIC sweep coverage up to $5 million for eligible deposits
Cons
- No cash deposits or branch services
- Treasury yield comes from investments that can lose value and require $250,000 eligibility
- Paid workflow plans, partner providers, and international fees add complexity
Scoring breakdown
- Fees4.7/5
- Yield3.8/5
- Integrations4.8/5
- Onboarding4.5/5
- Customer Service4.2/5
Verified product facts
- Monthly Fee
- Core banking $0; optional Plus starts at $35/month or $29.90/month equivalent with annual pricing; higher Pro workflow plan available
- Yield
- No promoted checking APY; eligible Treasury portfolios currently show net yield up to 3.64%, but they are investments, not bank deposits
- Deposit Insurance
- Up to $5 million through Choice Financial Group, Column N.A., and their sweep networks, subject to pass-through conditions and program-bank placement
Where Mercury ranks
Every DollarScout ranking that includes Mercury.
Mercury reviews
Mercury comparisons
Head-to-head matchups featuring Mercury.
Fact-checked July 18, 2026. Sources: Mercury current core and paid-plan pricing, Mercury Treasury eligibility, yields, liquidity, and FDIC disclosure, Mercury FAQ for fees, wires, and Treasury minimums, Mercury USD international wire fee guidance, Mercury international payment availability, Mercury deposit and investment disclosures, Mercury Advisory agreement.