Side-by-side comparison

Mercury Business Checking vs Relay Business Checking

Mercury Business Checking vs Relay 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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Relay Business Checking

Relay · Business Checking

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Relay is a no-fee online business banking platform designed for small businesses. It offers up to 20 individual checking accounts for profit-first budgeting and team expense management.

Best for: Small businesses using profit-first method

  • 20 Checking Accounts
  • Profit-First Budgeting
  • Auto-Transfers
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Side-by-Side Comparison

MetricMercury Business CheckingRelay Business Checking
Monthly FeeFreeFree
Free Transactions5000/mo5000/mo
Min. Opening Deposit$0$0
FDIC InsuredYesYes
Integrations20+15+
Rating4.5/5.04.5/5.0

Feature Comparison

FeatureMercury Business CheckingRelay 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

Relay Business Checking

Up to 20 free checking accounts for budget allocation, plus unlimited free ACH transfers and great QuickBooks integration.

Best for: Small businesses using profit-first method

Pros

  • No monthly fees
  • Up to 20 checking accounts
  • Great for profit-first budgeting
  • Real-time expense tracking

Tradeoffs

  • No physical branches
  • No cash deposits
  • No international wires
  • No interest on balances

Frequently Asked Questions

What is the main difference between Mercury Business Checking and Relay 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.