Mercury

Mercury offers online business banking services tailored for startups and small businesses, providing a comprehensive platform for managing financial operations. It allows users to open free checking and savings accounts, manage cards and expenses with 1.5% cashback on credit spend, and handle payments with no fees on USD transactions. The platform integrates invoicing capabilities, accounting automations for QuickBooks, Xero, or NetSuite, and offers Mercury Treasury for earning yield on high-liquidity portfolios. Mercury aims to simplify and streamline banking tasks, enabling users to create virtual cards instantly, automate bill payments with AI, and manage customer payments and details directly within the account. It provides tools for total visibility of funds, automated transfers, approval flows, and team management with spend controls. The service emphasizes security with up to $5M FDIC insurance, advanced fraud protection, and granular user permissions. Beyond core banking, Mercury offers advanced financial workflows through paid plans, including enhanced invoicing features, NetSuite automations, and expense reimbursement for more users. It caters to a wide range of businesses, from SaaS and e-commerce to agencies, providing a modern, software-driven approach to business finance.