Side-by-side comparison

Axos Basic Business Checking vs Mercury Business Checking

Axos Basic Business Checking vs Mercury Business Checking comparison on Luminxo. Compare fees, features, and transaction limits to find the right business bank account.

Lowest feesAxos Basic Business CheckingFree
Highest ratedMercury Business Checking4.5/5.0
Most featuresMercury Business Checking8/11

Quick Take

Axos Basic Business Checking

Axos Bank · Business Checking

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Axos Basic Business Checking offers no monthly fees, free domestic wires, and unlimited transactions. A solid online-only option for businesses that don't need physical branches.

Best for: Online businesses wanting low-cost banking

  • Free Domestic Wires
  • 1.01% APY
  • No Monthly Fee
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Mercury Business Checking

Mercury · Business Checking

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Mercury is a fintech banking platform built for startups and tech companies. It offers free business checking with no minimums, robust API access, and seamless integrations with modern accounting and payroll tools.

Best for: Startups and tech companies

  • API Access
  • Team Roles
  • Mercury Treasury
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Side-by-Side Comparison

MetricAxos Basic Business CheckingMercury Business Checking
Monthly FeeFreeFree
Free Transactions5000/mo5000/mo
Min. Opening Deposit$0$0
APY1.01%-
FDIC InsuredYesYes
Integrations8+20+
Rating4.3/5.04.5/5.0

Feature Comparison

FeatureAxos Basic Business CheckingMercury Business Checking
Mobile App✓✓
Mobile Deposit✓✓
Cash Deposits✗✗
Physical Branches✗✗
ACH Transfers✓✓
International Wires✓✓
Accounting Integrations✓✓
Sub-Accounts✗✓
Invoicing✗✗
Debit Card✓✓
Check Writing✓✓

Who Should Pick Which Account?

Axos Basic Business Checking

Free domestic wires and no transaction limits set it apart from other digital banks. Good value for wire-heavy businesses.

Best for: Online businesses wanting low-cost banking

Pros

  • No monthly fee
  • Free domestic wires
  • Up to 1.01% APY
  • Unlimited transactions

Tradeoffs

  • No physical branches
  • No cash deposits
  • No sub-accounts

Mercury Business Checking

No-fee banking with excellent developer tools, team management features, and startup-friendly perks like Treasury and venture debt connections.

Best for: Startups and tech companies

Pros

  • No monthly fees
  • Excellent integrations
  • Team permissions and sub-accounts
  • Modern UI and API access
  • FDIC insured up to $5M via partner banks

Tradeoffs

  • No physical branches
  • No cash deposits
  • Limited international support for non-USD

Frequently Asked Questions

What is the main difference between Axos Basic Business Checking and Mercury Business Checking?

The biggest tradeoffs are monthly fees, free transactions, and the features included. This page compares those factors directly so you can choose the right fit for your business.

Which has the lowest fees?

Axos Basic Business Checking has the lowest monthly fee in this comparison at free.

Which has the most features?

Mercury Business Checking has the most features in this comparison with 8 out of 11 tracked features.