About Mercury
Mercury is online banking for startups, small businesses and scaling companies. It combines business checking and savings, cards, payments and bookkeeping tools in one app.
What it does
Mercury lets you open business accounts online, issue virtual cards to team members, and set spending limits and approvals. It can send and receive payments and invoices, and it syncs with accounting software to keep records up to date. Receipts can be attached to card transactions so bookkeeping is simpler.
Key features
- Business checking and savings
- Virtual cards for teams and ad spend
- Invoices and payments
- Receipt matching to card transactions
- Sync with QuickBooks, Xero and NetSuite
Who it's for
Startups, software companies and small businesses that want to run finances from one app. Remote teams and businesses that pay contractors also find the card and payment tools useful.
Pricing and good to know
Mercury offers free checking and savings accounts with no minimum balance, and it states that USD payments have no fees. It is a financial technology company rather than a bank, and banking services are provided through partner banks that are FDIC members. Card rewards, yields and loans have their own terms, so read them before you apply.
Highlights
- Open business checking and savings accounts
- Issue virtual cards for teams and ad spend
- Send and receive invoices and payments
- Match receipts to card transactions automatically
- Sync books with QuickBooks, Xero and NetSuite
