Mercury
Free US business banking built for startups — no fees, no minimums.
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My Experience
Mercury is the go-to business bank for US startups. Free tier includes checking, savings, and virtual cards. Great dashboard and integrations with accounting tools. Only available for US-registered companies.
Pros
- +Free checking and savings accounts with no monthly fees
- +Virtual cards and physical debit cards included
- +Clean dashboard with great integrations for accounting tools
Cons
- −Only available for US-registered companies
- −No cash deposit support
- −Higher tier features require $250K+ in deposits
Best For
US-registered startups looking for a modern, fee-free business bank account.
Key Features & Limitations
- •Requires a US-registered business entity (LLC, C-Corp, etc.) — no personal accounts
- •No monthly fees, no minimum balance, no overdraft fees on standard tier
- •Free virtual debit cards and physical debit cards included
- •No cash deposit support — all deposits via wire transfer or ACH
- •Higher tier features (Treasury, FDIC sweep) require $250K+ in deposits
- •Integrates with accounting tools like QuickBooks, Xero, and Ramp
