Side-by-side comparison
Live Oak Business Savings vs Mercury Business Checking comparison on Luminxo. Compare fees, features, and transaction limits to find the right business bank account.
Live Oak Bank · Business Savings
Live Oak Business Savings offers one of the highest APYs for business savings accounts at 4.00%. No monthly fees and only $1 minimum deposit. FDIC insured.
Best for: Businesses wanting to earn top interest on reserves
Mercury · Business Checking
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
| Metric | Live Oak Business Savings | Mercury Business Checking |
|---|---|---|
| Monthly Fee | Free | Free |
| Free Transactions | 6/mo | 5000/mo |
| Min. Opening Deposit | $0 | $0 |
| APY | 4% | - |
| FDIC Insured | Yes | Yes |
| Integrations | 0+ | 20+ |
| Rating | 4.5/5.0 | 4.5/5.0 |
| Feature | Live Oak Business Savings | Mercury Business Checking |
|---|---|---|
| Mobile App | ✓ | ✓ |
| Mobile Deposit | ✓ | ✓ |
| Cash Deposits | ✗ | ✗ |
| Physical Branches | ✗ | ✗ |
| ACH Transfers | ✓ | ✓ |
| International Wires | ✗ | ✓ |
| Accounting Integrations | ✗ | ✓ |
| Sub-Accounts | ✗ | ✓ |
| Invoicing | ✗ | ✗ |
| Debit Card | ✗ | ✓ |
| Check Writing | ✗ | ✓ |
Among the highest business savings APYs available, with no fees and an extremely low $1 minimum. Great for parking business cash reserves.
Best for: Businesses wanting to earn top interest on reserves
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
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.
Live Oak Business Savings has the lowest monthly fee in this comparison at free.
Mercury Business Checking has the most features in this comparison with 8 out of 11 tracked features.