Snapshot
Mercury and Chase Business compared on the points that usually decide a business account: account type, monthly fee, currency support, eligibility and where each one is available.
Mercury figures as of 11 October 2026Chase Business figures as of 11 October 2026Last updated 11 October 2026
General information, not financial, legal, or tax advice. There is no single best account. The right fit depends on your business. Verify current terms and eligibility with each provider before applying.
Mercury and Chase Business represent two models. Mercury is a financial technology company built for startups and digital first businesses, with no monthly fee on the standard account and treasury tools. Chase Business is a traditional bank with a nationwide branch network, cash and check handling and a monthly fee that can be waived by meeting a condition. Use the comparison below to weigh account type, fees, currency support and eligibility against how your company operates, then confirm the latest terms with each provider. Figures are shown as of 11 October 2026.
Mercury vs Chase Business at a glance
| Feature | Mercury | Chase Business |
|---|---|---|
| Account type | Business banking from a financial technology company, not a bank, with banking services and deposit insurance through partner banks that are members of the Federal Deposit Insurance Corporation. Adds treasury and spend tools for startups. | Business checking from JPMorgan Chase Bank, a chartered bank that is a member of the Federal Deposit Insurance Corporation, with a nationwide branch network. Tiers include Business Complete Banking, Performance and Platinum. |
| Who it suits | United States startups, technology companies and digital first businesses that want a no monthly fee account with treasury tools and a modern dashboard. | United States businesses that want a traditional bank with branches, cash and check handling, card acceptance and in person service. |
| Monthly fee | Free plan with no monthly fee. Plus is about 35 United States dollars a month and Pro is about 350 United States dollars a month, with lower rates if billed annually. As of 11 October 2026. Verify with Mercury. | Business Complete Banking has a 15 United States dollar monthly service fee, waivable by meeting one qualifying condition. Performance and Platinum tiers carry higher fees with their own waiver thresholds. As of 11 October 2026. Verify with Chase. |
| Transaction fees | No monthly fee, overdraft fee or minimum balance on the free plan. ACH, domestic wires and international wires in United States dollars are free. Non United States dollar card transactions carry a 3% currency exchange fee. As of 11 October 2026. Verify the current rate card with Mercury. | Business Complete Banking includes debit card purchases, up to 20 checks and deposits, and up to 5,000 United States dollars of cash deposited in branch each statement period. Additional items can carry fees. As of 11 October 2026. Verify the current rate card with Chase. |
| FX fees | International wires in United States dollars are free. Non United States dollar international wires carry a 1% currency exchange fee, and non United States dollar card transactions carry 3%. As of 11 October 2026. Verify with Mercury. | International payments and currency conversion carry fees that vary by route and method. Unclear at a single headline rate, so verify with Chase. As of 11 October 2026. |
| Minimum deposit | No account minimum and no account opening fee. As of 11 October 2026. Verify with Mercury. | Chase states there is no minimum deposit required to open Business Complete Banking. As of 11 October 2026. |
| Multi currency | Accounts are United States dollar based. International United States dollar payments are supported, and some currency features carry fees. As of 11 October 2026. Verify with Mercury. | Chase business checking is a United States dollar account. It is not marketed as a multi currency account. As of 11 October 2026. |
| Integrations | Accounting integrations including QuickBooks and Xero, an API, bill pay, expense management and treasury tools. Confirm current integrations with Mercury. | Accounting connections and integrated card acceptance through QuickAccept, plus online and mobile banking. Confirm current integrations with Chase. |
| Eligibility | Businesses formed and registered in the United States or a United States territory, with United States operations or plans. Founders in many countries can apply, though some regions are not supported. As of 11 October 2026. Verify with Mercury. | Aimed at United States registered businesses, generally with a United States taxpayer identification number. As of 11 October 2026. Verify the documents required with Chase. |
| Broadly available in | The United States. The business must be a United States or United States territory entity, and some founder regions are not supported. As of 11 October 2026. | The United States, with branches concentrated across many states. As of 11 October 2026. |
Mercury suits a United States LLC or corporation, including one whose founders live outside the United States, that pays by ACH and wire and wants no monthly fee. Chase Business Complete Banking suits a United States business that deposits cash or checks at a branch and takes card payments through QuickAccept. Its 15 United States dollar monthly fee is waived with a 2,000 United States dollar minimum daily ending balance or one of four other conditions.
Open a business account
Both providers accept business customers in their supported markets. Fees and eligibility shown as of 11 October 2026. Confirm current terms with the provider before applying.
Visit Mercury → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers. Visit Chase Business → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers.Questions about Mercury and Chase Business
Which is better for my business, Mercury or Chase Business?
It depends on your needs. The table on this page compares Mercury and Chase Business on account type, fees, currency support, eligibility and availability using each provider's published terms. Mercury is a financial technology company built for startups and digital first companies, while Chase Business is a traditional bank with branches and a full deposit account. Weigh those against how your business operates, then confirm current terms with each provider. This is information, not advice.
Can I open both Mercury and Chase Business?
Often yes, subject to each provider's eligibility rules. Some United States businesses use a Mercury account for digital operations and a Chase Business account for branch access and cash handling. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded. Mercury and Chase Business figures are shown as of 11 October 2026. Fees and eligibility change, so confirm current terms with each provider before you apply.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with each provider before applying.