Bluevine and Mercury are great solutions for businesses that want high-quality digital banking experiences at an affordable cost. Bluevine is well-known for offering an industry-leading interest rate of 2.0% on qualifying checking balances for Standard Checking and 4.25% for Premier Checking Bluevine offers a one-time, one-month free trial when you sign up for Bluevine Premier, which lets you access all the benefits without paying the $95 monthly fee or completing the fee waiver requirements. , which makes it an excellent option for businesses looking for the most competitive interest-bearing checking account.
Meanwhile, Mercury is a banking platform designed specifically for startups and tech companies. Its biggest advantage is Mercury Vault Mercury is a fintech company, not an FDIC-insured bank. Deposits in checking and savings accounts are held by our banking services partners, Choice Financial Group and Evolve Bank & Trust ®; Members FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through insurance to apply. , which uses partner banks and their sweep networks to extend your Federal Deposit Insurance Corp. (FDIC) insurance up to $5 million. Mercury also offers an interest-bearing account for balances over $500,000 Mercury Treasury, by Mercury Advisory, LLC, an SEC-registered investment advisor. Registration with the SEC does not imply a certain level of skill or training. SEC registration does not mean the SEC has approved of the services of the investment adviser. .
Here’s a summary of what each provider is best for:
- Bluevine Bluevine is a business financial technology (fintech) platform backed by FDIC-insured Coastal Community Bank. : Best for businesses that want a free, digital-only, interest-bearing checking account and access to lines of credit
- Mercury Mercury is a business fintech platform backed by FDIC-insured partners Evolve Bank & Trust and Choice Financial Group. : Best for incorporated startups and tech companies that want to earn high returns through Mercury Treasury Mercury Treasury, by Mercury Advisory, LLC, an SEC-registered investment advisor. Registration with the SEC does not imply a certain level of skill or training. SEC registration does not mean the SEC has approved of the services of the investment adviser. and access extended FDIC insurance up to $5 million Mercury is a fintech company, not an FDIC-insured bank. Deposits in checking and savings accounts are held by our banking services partners, Choice Financial Group and Evolve Bank & Trust ®; Members FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through insurance to apply.
If you’re looking for an account with built in invoicing functions, you may want to consider:
- Novo: With Novo you can create and send invoices for free through its app or website
Looking for an affordable business checking and don’t need access to in-person banking services? Novo is a good choice. |
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Bluevine vs Mercury Business Checking Account Quick Comparison
 Standard Checking |  Business Checking | |
|---|---|---|
Debit Card | Free debit card, mailed within 10 business days of application approval | Free virtual debit card; free physical debit card mailed within a few days |
Physical Checks | Two free checkbook orders per year | No physical check writing abilities |
Accounting Software Integrations | QuickBooks, Xero, Wave, and Expensify | QuickBooks, NetSuite, and Xero |
Business Software Integrations | Includes CashApp, Gusto, Square, Venmo, and Wise | Includes Shopify, Stripe, Zapier, Amazon, PayPal, Gusto, Square, and ADP |
Customer Service | One-on-one support from relationship managers | |
Other Products Available | High-yield treasury account, venture debt, and credit card | |
Other Services Available | Business international payments available in 32 countries and 15 currencies | Mercury Vault, a tool that maximizes fund protection by investing in Mercury Treasury’s money market fund or partner banks’ sweep network |
Our Review | ||
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Bluevine vs. Mercury: Which Business Checking Provider is Right for You?
When To Use
Bluevine vs Mercury Business Checking Account Features
Bluevine | Mercury | |
|---|---|---|
3.8 out of 5★ | 3.9 out of 5★ | |
Cash Deposits | ★★ | 0 |
Reserve Accounts | ★★★★ | ★★★★★ |
Bank Network & ATM Availability | ★★★ | ★★★★ |
Business Software Integrations | ★★★★★ | ★★★★★ |
APY Earnings | ★★★★★ | ★★★ |
International Payments | ★★★★ | ★★★★★ |
FDIC Insurance Coverage | ★★★★★ | ★★★★★ |
Cashback Promos | 0 | ★★★ |
Credit Cards Cashback | ★★★★★ | ★★★★ |
User Access | ★★★★★ | ★★★★★ |
Customer Service | ★★★★ | ★★★★ |
★★★★★ 5: This feature enhances your banking experience at no cost.
★★★★ 4: This feature has a few minor drawbacks/limits or comes at a slight cost.
★★★ 3: This feature has a few drawbacks/limits or comes at a slightly high cost.
★★ 2: This feature has a few major drawbacks/limits and comes at a high cost.
★ 1: This feature has major drawbacks/limits.
0: This feature is unavailable.
When we compare the Bluevine and Mercury business checking account, Mercury has a very slight advantage over Bluevine since it offers users a signup cashback promo, more subaccounts, and no additional fees for transacting at nonnetwork ATMs. In addition, it allows you to send international payments to more countries.
However, Bluevine isn’t far behind with its option to deposit cash at multiple Green Dot locations, although a fee is collected. Similar to Mercury, Bluevine provides additional subaccounts, high APY, unlimited credit card cash back earnings, and extended insurance coverage but at a marginally lower amount.
Click on each feature below to see more details.
Bluevine: 2 out of 5
Bluevine allows you to deposit cash at Green Dot retail locations for $4.95 per deposit, and at Allpoint+ ATMs for $1 per deposit plus 0.5% of deposit amount.
Mercury: 0 out of 5
Meanwhile, Mercury doesn’t offer any cash deposit facility and has no physical branches nor cash deposit arrangements with any ATM network.
Bluevine: 4 out of 5
With Bluevine, you can open up to five fee-free subaccounts with your main Bluevine business checking account. A dedicated account number is assigned per subaccount.
Mercury: 5 out of 5
Mercury lets you create 14 free subaccounts with your main business checking account. You can designate the subaccounts for different vendors or expense categories, such as payroll, taxes, accounts receivables, or operating expenses.
Bluevine: 3 out of 5
You can use more than 37,000 MoneyPass ATMs to withdraw for free. You get charged $2.50 when you transact from out of network.
Mercury: 4 out of 5
Mercury lets you access over 55,000 Allpoint ATMs for fee-free withdrawals. Plus, there’s no fee for transacting from out of network.
Bluevine: 5 out of 5
Bluevine integrates with CashApp, Gusto, Square, Venmo, and Wise. It also syncs banking data with accounting software like QuickBooks, Wave, Expensify, and Xero.
Mercury: 5 out of 5
Mercury is compatible with payment processors Shopify, Stripe, Square, Zapier, Amazon, and PayPal. It also integrates with accounting solutions QuickBooks, NetSuite, and Xero.
Bluevine: 5 out of 5
Another difference between Bluevine vs Mercury is that Bluevine Standard Checking offers 2.0% APY for qualified balances up to $250,000, and its Bluevine Premier Checking The rate is valid as of 12/4/2023 and subject to change at any time. provides 4.25% for balances up to $3 million with no monthly qualifying activities.
Mercury: 3 out of 5
You only earn an APY through Mercury Treasury Mercury Treasury, by Mercury Advisory, LLC, an SEC-registered investment advisor. Registration with the SEC does not imply a certain level of skill or training. SEC registration does not mean the SEC has approved of the services of the investment adviser. , and you would need funds over $500,000 to earn net returns of up to 4.88% When you make at least $25,000 USD in international payment, the fees may be lower. annually.
Bluevine: 4 out of 5
Currently, Bluevine doesn’t accept incoming international wires—but it allows sending of payments to 32 countries in 15 currencies. International payments sent in USD are charged $25 per payment, while payments sent in foreign currency are charged $25 plus 1.5% of the payment When you make at least $25,000 USD in international payment, the fees may be lower . Bluevine also offers discounts on standard fees for its Premier account, which can reduce your international payment fees.
Mercury: 5 out of 5
Under Mercury, you can send international wires to more than 200 countries and convert USD to more than 18 currencies. A 1% exchange fee applies. Mercury doesn’t charge international wire fees, but intermediary banks do.
Bluevine: 5 out of 5
Your Bluevine business checking deposits are covered by FDIC insurance up to $3 million through Coastal Community Bank and other partner banks.
Mercury: 5 out of 5
Mercury Vault Mercury is a fintech company, not an FDIC-insured bank. Deposits in checking and savings accounts are held by our banking services partners, Choice Financial Group and Evolve Bank & Trust ®; Members FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through insurance to apply. provides an option to extend FDIC insurance up to $5 million through Mercury’s partner banks (Choice Financial Group and Evolve Bank & Trust) and their sweep networks.
Bluevine: 0 out of 5
Bluevine does not offer a sign-up cashback bonus.
Mercury: 3 out of 5
With Mercury, you get a $300 cashback promo when you spend $2,000 using your debit card within 90 days of account opening.
Bluevine: 5 out of 5
The Bluevine Business Cashback Mastercard has no annual fee and earns unlimited 1.5% cash back on all business purchases. You will receive an invitation from Bluevine if you qualify for the card. It provides access to Mastercard perks and exclusive discounts to QuickBooks Online, McAfee Intuit products, and more.
Mercury: 4 out of 5
The Mercury IO Mastercard provides 1.5% automatic monthly cashback on all domestic and international spending. Still, this card is only available to businesses with a minimum of $25,000 funds in their Mercury account.
You may want to read our review of Mercury IO Mastercard to learn more about the card.
Bluevine: 5 out of 5
With Bluevine, you can control access for different users. You can categorize user types as administrator, authorized users, or accountant.
Mercury: 5 out of 5
Similarly, Mercury lets you invite team members as multiple users. It has four types of user access: admin, bookkeeper, custom, and card-only.
Bluevine: 4 out of 5
Bluevine provides email support and live customer support through a toll-free number. However, Premier Checking users get priority customer support when they call using the phone number linked to their account.
Mercury: 4 out of 5
Email support and one-on-one support from relationship managers are available with Mercury.
Bluevine vs Mercury User Reviews
Bluevine | Mercury | |
|---|---|---|
Trustpilot Rating | 4.2 (based on 7,600-plus reviews) | 3.8 (based on more than 730 reviews) |
Users Like |
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Users Don’t Like |
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Bluevine has a Trustpilot[1] rating of 4.2 while Mercury has a Trustpilot[2] rating of 3.8. Users praised both providers for their streamlined onboarding process and accommodating customer service.
Most Bluevine customers appreciate the efficient application process for opening a business checking account. Reviewers gave several positive comments with their experience with the customer service team. They said that issues were resolved promptly and that the representatives were very responsive and knowledgeable.
As for Mercury, its users appreciate the very few fees set by the provider. They also reacted positively to the easy signup process and the platform’s simple interface.
Both providers, however, received negative feedback for the lack of transparency surrounding account closures. Bluevine customers did not like having their accounts suspended without reasons provided while some Mercury users also complained that the provider did not offer adequate information about their account suspensions and closures.
Bottom Line
You won’t go wrong choosing between a Mercury vs Bluevine business checking account since both are excellent options if your business seeks an affordable digital-exclusive bank. Bluevine is the best choice for small businesses looking to earn interest on account balances of $250,000 and below. It also provides a Premier Checking Bluevine offers a one-time, one-month free trial when you sign up for Bluevine Premier, which lets you access all the benefits without paying the $95 monthly fee or completing the fee waiver requirements. account that offers a high APY with the interest capped at balances up to $3 million, but you’re required to pay a monthly fee and meet qualifying conditions to waive it.
Meanwhile, Mercury is ideal for tech companies and startups with account balances over $500,000 Mercury Treasury, by Mercury Advisory, LLC, an SEC-registered investment advisor. Registration with the SEC does not imply a certain level of skill or training. SEC registration does not mean the SEC has approved of the services of the investment adviser. that want to earn an interest return. It is attractive if your balance exceeds $3 million since you can access up to $5 million Mercury is a fintech company, not an FDIC-insured bank. Deposits in checking and savings accounts are held by our banking services partners, Choice Financial Group and Evolve Bank & Trust ®; Members FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through insurance to apply. in FDIC insurance through its partner banks and sweep networks.
