Mercury logoThe logo for Mercury, featuring a circular emblem with abstract, interconnected swirling lines on the left, and the word "MERCURY" in clean, uppercase letters to the right.

Chase vs. Mercury Business Banking

While traditional banks typically focus on branch-based banking and a collection of separate financial services, Mercury is radically different banking built for startups, entrepreneurs, and ambitious businesses.

Mercury combines banking, cards, payments, invoicing, and real-time insights into one intelligent financial system.
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Loved by 450K+ of the best businesses on the planet

Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.

Why startup and growth-stage companies prefer Mercury over Chase

Built for how you work today

Apply online in 10 minutes with no in-person branch visits and experience banking unlike anything that’s come before.

Cards & expense management

Issue cards, set budgets and controls, and track combined spend in one place.

Use AI to analyze finances

Get answers and complete work with full account context and traceable results.

Real-time insights

See a live view of your company's financial health without spreadsheets or extra subscriptions.

Earn competitive yields

Put idle cash to work with Treasury options yielding up to 4.08%.

Invoicing built into your bank account

Create and send branded invoices with no standalone AR tool.

How Mercury Business Banking stacks up to Chase Business Banking

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Mercury Business Banking
Chase Business Banking
Fast, online application
Fully online.
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Business payments
Free same-day ACH, domestic wires, and USD international wires.
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FDIC insurance
Up to $5M with partner banks’ sweep networks.
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Business credit cards
1.5% cashback on eligible spend. No annual fee. No personal credit checks or personal guarantees.
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Treasury and cash management
Earn up to 4.08% with lower-risk portfolios and same-day access to your money. Exclusively for Mercury account holders.
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Built-in expense management, bill pay, and invoicing software
In-platform and via an API.
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Customer support
Online support available 24/7 (5 minute typical response time). Email support also available.
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You’re creating something to stand the test of time. So are we.

450K+

Entrepreneurs love us

1 in 3

Startups choose Mercury

$20B+

Monthly transaction volume

4.9

Apple App Store rating

Everything you do with money. All in one place.

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Abstracted UI showing various accounts: checking, savings, and credit.

Business Banking

Checking and savings accounts with up to $5M in FDIC insurance through our partner banks and their sweep networks.

Image showing the actions you can take with invoices — send, remind, get paid all in Mercury.

Invoicing

Send polished invoices, track what you’re owed, and get paid the way you want — all from where you manage your banking.

Expense management notifications

Expense Management

Experience hassle-free employee expense management with corporate cards and reimbursements together.

Image showing a real credit card alongside several illustrated credit card designs.

Business Credit Cards

Earn 1.5% cashbackon all spend and unlock more spending power as your balance grows.

graphic depicting treasury allocation split between government money market and ultra short-term bonds

Treasury

Earn yield on idle cash right alongside your operating accounts.

Image showing a signature on a SAFE

Working Capital Loans

Boost inventory, advertising, and more with Mercury Working Capital.

Compare Mercury plans

Mercury Plus

$29.90 per month

For businesses that need more efficiencies and streamlined invoicing.

Open account

Everything you get with a Mercury account, plus:

  • Invoice with ACH debit ($1/transaction)

  • Recurring invoices

  • Unlimited 1099 tax filings

  • Priority Support

  • $50 off eligible LegalZoom Compliance Plans

  • 6 months free Xero

Mercury Pro

$299 per month

For businesses with complex operations that need a relationship manager.

Open account

Everything you get with Plus, and more:

  • Relationship manager

  • Invoice with ACH debit ($0/transaction)

  • NetSuite categorizations

  • Unlimited 1099 tax filings

  • Priority Support

  • $50 off eligible LegalZoom Compliance Plans

  • 6 months free Xero

Get in touch with our team for custom pricing and plan options.
Get Mercury Personal free with any business plan. $240/year, covered.

If you have questions, we have answers

See all FAQs

Mercury is a financial technology company, not a bank — but we're working toward becoming one. In April 2026, we received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Mercury Bank, N.A. Today, we build software to help startups and small businesses run their financial operations, and we partner with regulated banks to hold and safeguard your funds. Banking services on Mercury are provided by our partner banks, Choice Financial Group and Column N.A., Members FDIC. When you open a Mercury account, your funds are held at one of these FDIC-insured banks or their sweep networks. Banking details for each deposit account are available in the Mercury dashboard and on account statements so you can see exactly where your money is held. We're now in the bank organization phase, working toward final authorization from the OCC and pending approvals from the FDIC and the Federal Reserve. Nothing changes for customers in the meantime — you’ll continue using Mercury exactly as you do today.

Mercury supports many types of businesses — from  SaaS, ecommerce, agencies and consultants, and more. Whether you’re a solo entrepreneur, managing a growing team, or overseeing multiple businesses, Mercury is designed to grow with you.

Your checking and savings deposits are held in your name across a sweep networkOpens in new tab of multiple regulated banks. Through this program, we’ve upgraded the FDIC insurance on Mercury checking and savings accounts to up to $5M — 20x the per bank limit.In addition to working with our banking partners to keep your funds secure, Mercury’s world-class fraud engineering and compliance teams work together to build tools and processes that spot suspicious activities and stop them in their tracks.

Yes, you can use Mercury without closing your existing bank account. Mercury allows you to link external U.S. business or personal bank accounts via Plaid, so you can transfer funds between banks ACH and the Move Money flow.Learn more about linking external accounts.

You can convert USD to one of 40+ supported local currenciesOpens in new tab when sending an international wire on Mercury. The exchange includes a 1% currency conversion fee on the USD amount. These are processed and sent by Mercury within 1–3 business days of being requested, but can take up to 5 business days to reach your recipient. Including your wire purpose will help make sure your wire processes faster.

IO is part of Mercury’s suite of banking products and credit cards for ambitious companiesOpens in new tab. Your Mercury account comes with:
  • Checking and savings accounts with up to $5M in FDIC insurance through our partner banks and their sweep networks.
  • Treasury management with up to 4.08% yield
  • Debit cards, and credit cards for eligible customers
  • Reimbursements for out-of-pocket expenses
  • Expense management features to control your team’s spend
  • ACH, check, and wire transfer payments
  • Zero fees on any payments made in USD
  • Access to venture debt and our Investor Database
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.

Yes, using IO may help your company establish a strong credit history and improve your business credit score. Mercury reports IO payment history to Experian, Equifax and Dun & Bradstreet, three major business credit bureaus. Reporting your IO payments can help your company establish a strong credit history, improve your credit score, and open doors to more opportunities for growth and financing.

Banking should do more

Say goodbye to bad design and hidden fees.
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Disclaimers and footnotes

Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. Deposit insurance covers the failure of an insured bank.