Float Financial vs Mercury: Pricing and Ratings Compared (2026)
Entry prices and free plans as read on each vendor's pricing page, and user ratings as published on review sites, for Float Financial and Mercury side by side. This page compares data; it is not a hands-on review.
On the data: On the data below the two are close or not directly comparable, so we do not name a winner for this pair.
Short on time? Here's the quick answer
Based on published vendor pricing and features and on public review data, here's who should pick what:
Float Financial
Manage business accounts, payments, expenses, and controlled CAD and USD cards
Best for you if:
- • You want essentials is listed as a free tier
Mercury
Business banking for startups. Open an account online in minutes
Best for you if:
- • You want a fully free tool (Float Financial requires payment)
| At a Glance | Float Financial | Mercury |
|---|---|---|
Starts at | Free plan, paid from C$10/user/mo, billed monthly Professional plan | Free plan, paid from $240/year Personal plan |
Category | Expense Management Finance | Finance Expense Management |
Rating | n/a | 4.6/5 G2 4.4 · Capterra 4.8 182 reviews |
Free plan | Yes | Yes |
Watch out for | 0.25% FX rate on foreign transactions | Treasury requires $500K minimum deposits |
Choose Float Financial or Mercury?
Choose Float Financial if
- You want essentials is listed as a free tier
- You want no personal guarantee, according to Float
- You work in expense management, not finance
Choose Mercury if
- You want a fully free tool (Float Financial requires payment)
- You want no fees
- You want great UX
- You work in finance, not expense management
In-Depth Analysis
Float Financial
Manage business accounts, payments, expenses, and controlled CAD and USD cards
Float Financial's pricing is fair and competitive for Canadian businesses, with a generous free Essentials tier offering unlimited virtual cards and up to $3M in credit, while the Professional tier at $10/user/month (minimum $100/month) is reasonable for growing teams.
Watch out
0.25% FX rate on foreign transactions
Strengths
- Pro: Essentials is listed as a free tier
- Pro: No personal guarantee, according to Float
- Pro: Both CAD and USD cards are issued
Weaknesses
- Con: Prices are shown in CAD only, with no USD prices
- Con: The 1% cashback rate requires a qualifying level of monthly spending per card program, and terms, eligibility and caps apply
- Con: More than twenty physical cards require the Professional plan
- Con: Float states it is not a bank
Key features
Mercury
Business banking for startups. Open an account online in minutes
Mercury's Business Banking and Treasury tiers are exceptionally generous, offering core banking services and high-yield options for free.
Watch out
Treasury requires $500K minimum deposits
Strengths
- Pro: No fees
- Pro: Great UX
- Pro: API access
Weaknesses
- Con: Limited credit options
- Con: US only
Key features
Plans and prices: Float Financial vs Mercury
| Tool | Plans and prices | Source |
|---|---|---|
| Float Financial |
| floatfinancial.com/pricing read Oct 21, 2026 |
| Mercury |
| mercury.com/pricing read Oct 28, 2026 |
Prices as read on each vendor's own pricing page on the date shown. Plans are listed per tool and are not matched against the other tool's plans: a plan name or price in one column says nothing about the same row in the other. Details on Float Financial pricing and Mercury pricing.
Key Takeaways
Float Financial
- Choose if you want manage business accounts, payments, expenses, and controlled CAD and USD cards
Mercury
- Choose if you want business banking for startups. Open an account online in minutes
What the data shows
On the data below the two are close or not directly comparable, so we do not name a winner for this pair.
- Only Mercury has a published user rating (4.6/5 from 182 reviews); Float Financial has none we can show.
- Entry prices are not ranked, they are charged on different bases: Float Financial C$10/user/mo, billed monthly; Mercury $240/year.
- Both have a free plan.
Criteria: user rating (only above 20 reviews on both sides, gap of 0.2 or more), entry price (only on the same billing basis), free plan. How we rate
Frequently Asked Questions
How do Float Financial and Mercury compare in 2026?
On the data below the two are close or not directly comparable, so we do not name a winner for this pair. Only Mercury has a published user rating (4.6/5 from 182 reviews); Float Financial has none we can show. Entry prices are not ranked, they are charged on different bases: Float Financial C$10/user/mo, billed monthly; Mercury $240/year. Both have a free plan.
What are Float Financial and Mercury used for?
Float Financial: Manage business accounts, payments, expenses, and controlled CAD and USD cards. Mercury: Business banking for startups. Open an account online in minutes.
What does Float Financial cost vs Mercury?
Float Financial's cheapest paid plan is Professional at C$10/user/mo, billed monthly; it also has a free plan. Mercury's cheapest paid plan is Personal at $240/year. Prices read on the vendors' pricing pages, latest check Oct 28, 2026.
What's the main difference between Float Financial and Mercury?
Float Financial's main strength: essentials is listed as a free tier. Mercury's main strength: no fees.