Side-by-side comparison

Mercury Business Checking vs Novo Business Checking

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

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

Quick Take

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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Novo Business Checking

Novo · Business Checking

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Novo is a free business checking platform with a powerful app store of integrations. Designed for small businesses, freelancers, and entrepreneurs who want modern banking with no fees.

Best for: Freelancers and e-commerce businesses

  • App Store Integrations
  • Built-in Invoicing
  • Reserves Budgeting
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Side-by-Side Comparison

MetricMercury Business CheckingNovo Business Checking
Monthly FeeFreeFree
Free Transactions5000/mo5000/mo
Min. Opening Deposit$0$0
FDIC InsuredYesYes
Integrations20+30+
Rating4.5/5.04.5/5.0

Feature Comparison

FeatureMercury Business CheckingNovo 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?

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

Novo Business Checking

Best-in-class integration ecosystem with 30+ tools, plus built-in invoicing and reserve budgeting features.

Best for: Freelancers and e-commerce businesses

Pros

  • No monthly fees
  • 30+ app integrations
  • Built-in invoicing
  • Reserve sub-accounts

Tradeoffs

  • No physical branches
  • No cash deposits
  • No interest on balances
  • Higher wire fees

Frequently Asked Questions

What is the main difference between Mercury Business Checking and Novo 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?

Mercury 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.