Mercury alternatives
Mercury is already the cheapest business bank account we track at a one-person business (free). Here's how the other 2 compare. The closest match, Airwallex, covers 82% of what Mercury does. Each one shows how much of it it covers, capability by capability, next to the price.
What Mercury does
Core: Business bank account, Company cards, Interest & treasury (partly).
Important: Users, roles & approvals, Extended deposit protection, Bills & accounts payable (partly), Invoices & online payment (partly), Accounting software sync, Expense reimbursement, Credit cards & financing (partly), Banking API, Card limits & budgets (partly), Card cashback & rewards (partly).
Also has: Sub-accounts & pockets (partly), International vendor payments (partly), Card payment acceptance (partly), Simple bookkeeping & tax (partly), Cash & check deposits (partly), AI finance features (partly), Non-resident & multi-country onboarding (partly), Multiple legal entities (partly), Receipt capture & OCR (partly), Approval chains & rules (partly), Mileage tracking (partly), AI transaction coding (partly), HRIS & chat integrations (partly).
Alternatives to Mercury at a one-person business, best match first
- Airwallex: free Free Explore plan; SWIFT and FX fees extra abroad (Explore (free plan), 1 Spend user: $0 monthly, domestic transfers free. The page shows no annual prices, so monthly is t). It covers 82% of Mercury; missing or partial: Extended deposit protection, Expense reimbursement (partly), Credit cards & financing, Cash & check deposits. Free plan: Explore: $0/month for up to 10 Spend users; domestic USD and CAD transfers free; no balance or deposit requirement shown.. Last price hike: Aug 2025.
- Wise Business: $22.60/mo +$31 one-time setup fee (Wise Business (single pay-as-you-go account)). It covers 65% of Mercury; missing or partial: Business bank account (partly), Users, roles & approvals (partly), Extended deposit protection (partly), Accounting software sync (partly), Expense reimbursement. Free plan: none.
Other kinds of products that cover part of Mercury
- Brex (Expenses & spend): covers 82% of Mercury; missing or partial: Invoices & online payment, Banking API (partly), Card payment acceptance, Cash & check deposits, Non-resident & multi-country onboarding
- Ramp (Expenses & spend): covers 76% of Mercury; missing or partial: Extended deposit protection, Invoices & online payment, Banking API (partly), Sub-accounts & pockets, Card payment acceptance
- Shopify (E-commerce platforms): covers 65% of Mercury; missing or partial: Company cards (partly), Users, roles & approvals (partly), Extended deposit protection (partly), Bills & accounts payable, Accounting software sync (partly)
- Square (Payments & merchant of record): covers 61% of Mercury; missing or partial: Business bank account (partly), Company cards (partly), Users, roles & approvals (partly), Extended deposit protection (partly), Bills & accounts payable
- QuickBooks Online (Accounting): covers 59% of Mercury; missing or partial: Company cards (partly), Interest & treasury, Extended deposit protection, Accounting software sync (partly), Expense reimbursement (partly)
- BILL Accounts Payable (Expenses & spend): covers 32% of Mercury; missing or partial: Business bank account (partly), Company cards, Interest & treasury, Users, roles & approvals, Extended deposit protection
Prices at every size
- Mercury: a one-person business free, a 5-person company with payment approvals free, $10,000 a month paid abroad $100/mo
- Airwallex: a one-person business free, a 5-person company with payment approvals free, $10,000 a month paid abroad $50/mo (Free Explore plan; SWIFT and FX fees extra abroad)
- Wise Business: a one-person business $22.60/mo, a 5-person company with payment approvals $67.80/mo, $10,000 a month paid abroad $54.15/mo (+$31 one-time setup fee)
Prices are the monthly plan or account fee plus the transfer fees each scenario runs up, in USD on monthly billing (annual-only plans divided by 12, local-currency prices converted at the current rate, before VAT). Interest earned, one-off setup fees and ATM, cash and card-replacement fees are left out; exchange-rate costs count only in the international-payments scenario.
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