Why startups, small businesses and growth stage companies prefer Mercury over Novo
Simpler payments, fewer fees
Accounting that's built into your banking platform
Intelligent accounting software built directly into the place your money already lives.
How Mercury's radically different banking stacks up to Novo
Mercury figures reflect current product terms. Novo figures come from Novo's published fee schedules, as of November 2026. Terms change — confirm current pricing before you decide.
Mercury | Novo | Takeaway | |
|---|---|---|---|
Business payments | Free standard and same-day ACH, domestic wires, eligible real-time payments, checks, and USD international wires. | Novo offers free standard ACH transfers, incoming wires, mailed checks, and standard check deposits, with no monthly or minimum balance fees. Fees apply to express ACH, outgoing domestic wires, and express check deposits. | More ways to move money, with fewer fees. Mercury gives businesses a broader set of payment rails without charging for faster ACH or domestic wires. |
Yield-bearing accounts | Novo doesn’t offer a savings account or pay interest on checking balances. Its Reserves feature helps businesses organize funds into budgeting buckets, but those funds don’t earn yield. | Put idle cash to work. Mercury gives eligible businesses access to yield-earning investment options through Mercury Treasury, while Novo doesn't currently offer a comparable way to earn returns on cash balances. | |
Accounting & month-end close | Mercury offers Xero and QuickBooks integrations alongside Mercury Books, a native accounting product — so wherever you do accounting, it's seamless and easy. | Connects to third-party accounting platforms such as QuickBooks and Xero. Novo does not offer a native accounting software. | Why sync into accounting when accounting already lives here? Mercury Books brings the ledger, reconciliation, and reporting directly into Mercury. |
Financing options | Small-business financing options, without an equivalent dedicated venture-debt product. | Capital built for more stages of growth. Mercury supports both near-term needs and longer-term venture-backed growth. |
Banking should do more
Say goodbye to bad design and hidden fees.
Why ambitious businesses love Mercury
Banking with traditional banks is such a huge drain on time and energy. We didn’t want to get bogged down in paperwork and process, we just wanted to get to work. Setting up a Mercury account was a no-brainer.
Kelin Carolyn Zhang
Co-founder, Poetry Camera
Everything you do with money. All in one place.
Compare Mercury plans
Mercury Plus
$29.90 per month
For businesses that need more efficiencies and streamlined invoicing.
Start 30-day free trial
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
Add ons:
Mercury Pro
$299 per month
For businesses with complex operations that need a relationship manager.
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