Mercury Vs. Relay
Mercury and Relay are prominent contenders in the realm of business checking accounts, each providing distinctive financial solutions to meet diverse business needs. Explore and compare their unique features and benefits to determine the ideal banking partner for your enterprise.
Advertiser Disclosure
Top10BusinessBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.
Please note:
- All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback!
- We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
General Details
Monthly Fee
$0
$0
$30 – Pro plan
Banking Partner
Evolve Bank & Trust® and Choice Financial Group; Members FDIC.
Evolve Bank & Trust and Thread Bank; Members FDIC
FDIC Coverage
Up to $5,000,000
Up to $2,500,000
Editorial Score
Card
Rating
Fees & Charges
Minimum Balance
$0
$0
Overdraft Fees
$0
$0
APY
Up to 5.51%
1%-3%
Outgoing wire Transfers
Free domestic transfers
Free international transfers
Domestic wire transfers: $5 ($0 with Relay Pro)
International wire transfers: $10 ($0 with Relay Pro)
Features
Number of Accounts Available
Up to 15 checking accounts
Up to 20 checking accounts
Transactions
Unlimited fee-free transactions
Unlimited fee-free transactions
Debit Card
1 card per account
Up to 50 individual cards with customizable spend limit
Credit Cards
Check Deposit
Cash Deposit
Bill Pay
Available for Pro plan
3rd-party Integrations
Xero, Quickbooks, and Zapier
Quickbooks, Xero, Gusto, Plaid, and Yodlee.
Bottom Line
Why?
Mercury offers a superior business banking experience with a range of features including competitive APY, an efficient bill pay system, and various credit card options. It’s known for its low rates and a banking experience that caters well to diverse business requirements.
Relay distinguishes itself in the business banking sector with its advanced bill automation and customizable checking accounts. It is particularly suited for businesses looking for a banking solution that can be tailored to their unique needs and financial processes.
Editorial Score
Winner!
Mercury Vs. Relay
Mercury and Relay are prominent contenders in the realm of business checking accounts, each providing distinctive financial solutions to meet diverse business needs. Explore and compare their unique features and benefits to determine the ideal banking partner for your enterprise.
Advertiser Disclosure
Top10BusinessBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.
Please note:
- All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback!
- We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
General Details
Monthly Fee
$0
$0
$30 – Pro plan
Banking Partner
Evolve Bank & Trust® and Choice Financial Group; Members FDIC.
Evolve Bank & Trust and Thread Bank; Members FDIC
FDIC Coverage
Up to $5,000,000
Up to $2,500,000
Editorial Score
Card
Rating
Fees & Charges
Minimum Balance
$0
$0
Overdraft Fees
$0
$0
APY
Up to 5.51%
1%-3%
Outgoing wire Transfers
Free domestic transfers
Free international transfers
Domestic wire transfers: $5 ($0 with Relay Pro)
International wire transfers: $10 ($0 with Relay Pro)
Features
Number of Accounts Available
Up to 15 checking accounts
Up to 20 checking accounts
Transactions
Unlimited fee-free transactions
Unlimited fee-free transactions
Debit Card
1 card per account
Up to 50 individual cards with customizable spend limit
Credit Cards
Check Deposit
Cash Deposit
Bill Pay
Available for Pro plan
3rd-party Integrations
Xero, Quickbooks, and Zapier
Quickbooks, Xero, Gusto, Plaid, and Yodlee.
Bottom Line
Mercury and Relay both offer robust business checking accounts, but with distinct strengths. Mercury leads with a comprehensive business package, boasting a competitive Annual Percentage Yield (APY), efficient bill pay system, a credit card option, and low rates, catering to a wide range of business banking needs. On the other hand, Relay excels with its best-in-class bill automation feature and highly customizable checking accounts, tailored to fit specific business requirements. This makes Mercury the top choice for a feature-rich banking experience, while Relay stands out for businesses seeking tailored financial management.