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.

Ramp vs. Mercury Business Banking

Mercury provides radically different banking. Agentic banking, corporate cards, spend controls, payments, invoicing, and more in one intelligent financial system.
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Loved by 450K+ ambitious companies

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 Ramp

Banking-native financial workflows

Cards, expense management, payments, invoicing, Treasury, and accounting — all connected.

Cards & spend management

Issue cards to your team and agents, set budgets and spend controls, and track spending in one place.

Use AI to analyze and run your finances

Get answers, take action, and see the account context behind every result.

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 4.21%.

Invoicing and banking in one place

Create and send branded invoices with no standalone AR tool.

How Mercury Business Banking compares to Ramp

Mercury figures reflect current product terms. Ramp figures come from Ramp's published fee schedules, as of November 2026. Terms change — confirm current pricing before you decide.
Mercury Business Banking
Ramp
Takeaway
Transaction fees
Move money fee-free with standard ACH (typically 0–1 business days), same-day ACH (by 12pm PT), real-time payments, and domestic and international USD wires (1–3 business days internationally). Non-USD wires have a 1% currency conversion fee. Plus, send checks by standard mail for free and get up to six complimentary checkbooks annually.
Ramp charges $0.59 for standard ACH, $10 for same-day ACH, $15 for domestic wires, $20 for international USD wires, and $1.99 for mailed checks when funded externally. These fees are waived with Ramp Checking. Overnight checks cost $20, while non-USD payments use Ramp’s FX rates. Physical checkbooks aren't offered.
Moving money shouldn’t come with extra fees or conditions. Mercury keeps core payments free, including ACH transfers, USD wires, and mailed checks, while Ramp waives these fees only when payments are funded through Ramp Checking.
Cashback on corporate card spend
Earn unlimited 1.5% cashback on every purchase with Mercury's IO Card, with no annual fee or personal guarantee required.
Earn up to 1.5% cashback on purchases with Ramp's corporate card, with variable rewards rates based on your business's underwriting profile and creditworthiness.
Mercury provides a more predictable rewards structure, while Ramp’s rates vary by customer.
Yield bearing accounts
Earn up to 4.21% yield with lower-risk portfolios and same-day access to your money. Mercury Treasury is exclusively for Mercury account holders.
Checking Account with 2.00% APY (as of 10/14/2026). Investment account offers up to 4.49% in a custom fixed-income portfolio (as-of 11/05/2026).
Putting your idle cash to work should fit your strategy. Mercury Treasury offers customizable portfolios with a range of risk, yield, and liquidity options, including same-day withdrawals¹ on eligible investments, while Ramp offers yield through different investment structures and liquidity terms.
Invoicing
Create invoices, collect payments, and keep track of incoming revenue — all from your Mercury account.
Invoicing not offered​​​​.‌‍​‍​‍‌‍‌​‍‌‍‍‌‌‍‌‌‍‍‌‌‍‍​‍​‍​‍‍​‍​‍‌‍‌​‌‍​‌‌‌​‌‍‌‍​‌‍‌‌​​‍‍‌‍​‌‍‌‍‌​‍​‍​‍​​‍​‍‌‍‍​‌​‍‌‍‌‌‌‍‌‍​‍​‍​‍‍​‍​‍‌‍‍​‌‌​‌‌​‌​​‌​​‍‍​‍​‍‌‍‌‍‌‍‌‌‌‍‌​‍‌‌​​‌‍​‌‍​‌‌‌​‌‍‌‍‌‍‌​‍‌‍‌​‍‍‌‍​‌‌‍‌​‌‍‌‌‍‍‌‌‍‍​‍‍‌‍‌​‌‍​‌‌‌​‌‍‌‍​‌‍‌‌​​‍‍‌‍​‌‍‌‍‌​‍‌‍‌‌‌‍‌​‌‍‍‌‌‌​‌‍‌​‍​‍‌‍‍‌‌‌​‌‍‌‌‌‍‌‌‌‌‌​‌‍‌‌​​‌‍‌‌‌​​‍‌​​‌‌‌‍‌​​‌‍‌‌‍​‌‌​​‌​‍‌‍‌‌‌‌​‌‌‌‌​‌‌​​‌​‌‍‌‌‌​‌​​​​‍‌‍‍​​‍‌‌​‌‍‌​‍‌‌​‌‌‌‌​‍‌‍‍‌‌‌​‌‍‌‌‌‍‌‌​​‍‌​‌‌‌‌​​‌‌‌‌​‌‍‌​‌‌‍​​‍​‌‍‌‌‌​‌‌‍‌‌​‍‌‍​‍‌​‍‌‌​‌​‌‌‍‍‌‌‍‍‌‌​‌‌‌​‌‍‌‍‌​​‍‌​​‌​‍‌‍‌‌‌‍‌​‌‍‍‌‌‌​​‍​‌‍‌‍‌‍‍‌‌‍‌‌‌‍​‌‍‌​‌‌​​‌‍​‌‌‌​‌‍‍​​‌‌​‌‍‌‌‌‍​‌‌​‌‍‍‌‌‍‌‍‍‌​​‍‍​‌​​‍‍‌‍‌‌‍‌‍‌​‌‌‌‌‍​‌‍‌‌​‍‍‌‌​‌‍​‌‌‍​‍‌‍​‌‍‌‌‌‌‌‍​‌‍‌‍‍‌‌​‌‍‌‌‌‍‍‌‌​​‍‍​‌‍​‍‍‌‍​‌‍‌‌‌‍​‌‍​‌​​‍‍​​‍​‍‍‌‌​‌‍‌‌‌‍​‌‌​​‍​‍‌‌
Getting paid should be as simple as getting work done. Mercury Invoicing lets you create and send invoices, accept payments, and track incoming revenue alongside the rest of your business finances — all in one place.

Banking – redesigned from the ground up.

Apply online in 10 minutes to experience banking unlike anything that’s come before.
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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

Don’t just take it from us

The [Mercury] application process was easy and fast. It felt straightforward and nonsense-free. I didn’t feel that I had to be on the lookout for sneaky fees.

Jake Stein

Co-founder & CEO

Common Paper

SaaS

I love how easy it is to process payments without having to call to verify each one. Plus, Mercury’s permission structure lets me give the team access to the info they need while keeping the account secure.

Dina Burkitbayeva

CEO

Freedom Biosciences

Biotechnology

Mercury is so intuitive and saves us so much time. Plus, free international transfers save us a ton of money when we pay our suppliers overseas.

Mark Zhang

CEO

Manta Sleep

Ecommerce

01 / 03

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

Spend management

Self-enforcing expense management with intelligent budgets, employee reimbursements, and cards for teams and agents.

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.

representative Treasury portfolio

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.

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

Mercury Pro

$299 per month

For businesses with complex operations that need a relationship manager.

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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.

For businesses looking to manage banking and spend in one platform, Mercury can reduce the need to maintain separate banking and spend-management tools. Mercury includes checking and savings accounts, corporate cards, budgets, approval rules, receipt capture, and reimbursements in one place.

Mercury Spend is included for all Mercury business banking customers, and is also available standalone for teams that bank elsewhere. A major advantage comes from banking and spend living together — so the fuller picture arrives when your operating cash is on Mercury too.

Both automate the work. Ramp offers greater depth in ERP and procurement workflow configurability, and teams with complex approval chains may prefer it. Mercury connects to QuickBooks, Xero, and NetSuite, applies categorization rules automatically, and learns from your history — and because payments originate from your own account, reconciliation starts already matched.

Mercury's IO card unlocks 1.5% cashback on credit card spend, with startup-friendly limits and no personal guarantee. Ramp earns 1.5% on eligible card purchases and bill payments, with more ways to redeem — statement credits, deposits, gift cards, airline and hotel points, charitable donations, or paying down your Ramp subscription.

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.

Experience radically different banking

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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.