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 6 June 2026Chase Business figures as of 6 June 2026Last reviewed 6 June 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 6 June 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 6 June 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 6 June 2026. Verify with Chase. |
| Transaction fees | No monthly fee or overdraft fee on the standard account. Some advanced workflows, such as large volume API payments and certain non United States dollar card transactions, can carry fees. As of 6 June 2026. Verify the current rate card with Mercury. | Business Complete Banking includes a set monthly allowance of transactions, with a per item fee beyond the limit. The detail varies by account tier. As of 6 June 2026. Verify the current rate card with Chase. |
| FX fees | Sending United States dollars internationally and non United States dollar transactions can carry fees that vary by route. Unclear at a single headline rate, so verify with Mercury. As of 6 June 2026. | 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 6 June 2026. |
| Minimum deposit | No account minimum and no account opening fee. As of 6 June 2026. Verify with Mercury. | No minimum opening deposit is published for Business Complete Banking. As of 6 June 2026. Verify with Chase. |
| Multi currency | Accounts are United States dollar based. International United States dollar payments are supported, and some currency features carry fees. As of 6 June 2026. Verify with Mercury. | Chase business checking is a United States dollar account. It is not marketed as a multi currency account. As of 6 June 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 6 June 2026. Verify with Mercury. | Aimed at United States registered businesses, generally with a United States taxpayer identification number and often in branch identity verification. As of 6 June 2026. Verify 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 6 June 2026. | The United States, with branches concentrated across many states. As of 6 June 2026. |
Use the table to weigh the differences. The usual question is whether you want a digital first account with treasury tools and no monthly fee, which points toward Mercury, or a traditional bank with branches and cash handling, which points toward Chase Business. Confirm the latest fees and eligibility with each provider.
Open a business account
Both providers accept business customers in their supported markets. Fees and eligibility shown as of 6 June 2026. Confirm current terms with the provider before applying.
Visit Mercury → Visit Chase Business →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 6 June 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 6 June 2026. Confirm current terms with each provider before applying.