Snapshot
Mercury and Lili 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 22 December 2025Lili figures as of 22 December 2025Last reviewed 22 December 2025
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 Lili suit different businesses. 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 22 December 2025.
Mercury vs Lili at a glance
| Feature | Mercury | Lili |
|---|---|---|
| Account type | Checking and savings provided through partner banks that are members of the FDIC. Mercury is a financial technology company, not a bank. | Business checking with banking services provided through Choice Financial Group, Member FDIC. Lili is a financial technology company, not a bank. |
| Who it suits | United States registered startups and growing companies, including those with founders based abroad, that want a digital first account with no monthly fee on the free plan and modern software. | United States based sole proprietors, single member LLCs and small businesses that want a low cost account with built in tax and bookkeeping tools. |
| Monthly fee | Free plan with no monthly fee. Mercury Plus is about 35 US dollars a month and Mercury Pro is about 350 US dollars a month, with lower rates when billed annually. As of 22 December 2025. | Lili Core has no monthly fee. Lili Pro is 15 US dollars a month, Lili Smart is 35 US dollars a month and Lili Premium is 55 US dollars a month, with a discounted rate for the first three months on paid plans. As of 22 December 2025. |
| Transaction fees | No monthly fee or overdraft fee on the standard account. Some advanced workflows, such as high volume API payments and certain non US dollar card transactions, can carry fees. As of 22 December 2025. Verify the current rate card with Mercury. | No monthly fee on the Core plan. Paid plans add features such as fee free overdraft up to 200 US dollars through BalanceUp and cash back on debit purchases. Some services may carry charges. As of 22 December 2025. Verify with Lili. |
| FX fees | Sending United States dollars internationally and non US dollar transactions can carry fees that vary by route. Unclear at a single headline rate, so verify with Mercury, as of 22 December 2025. | Lili is a domestic United States dollar account. International payment options and any related fees should be confirmed with the provider, as of 22 December 2025. |
| Minimum deposit | No account minimum and no account opening fee. As of 22 December 2025. Verify with Mercury. | No large minimum opening deposit is published. As of 22 December 2025. Verify with Lili. |
| Multi currency | Accounts are United States dollar based. International United States dollar payments are supported, and some currency features carry fees. As of 22 December 2025. | This is a United States dollar account and not a multi currency account, as of 22 December 2025. |
| Integrations | Accounting integrations including QuickBooks and Xero, an API, bill pay, expense management and treasury tools. Verify current integrations with Mercury. | Built in invoicing, expense tracking, tax savings buckets and accounting reports. Verify current integrations with Lili. |
| Eligibility | Businesses formed and registered in the United States or a United States territory. Founders in many countries can apply, though some regions are not supported. As of 22 December 2025. Verify eligibility with Mercury. | United States based businesses, including sole proprietors and single member LLCs, whose owners are at least eighteen and are United States citizens or residents. As of 22 December 2025. Verify eligibility with Lili. |
| Broadly available in | The United States. The business must be a United States entity, though founders living in many countries can apply. As of 22 December 2025. | United States only. As of 22 December 2025. |
Use the table to weigh the differences. Mercury and Lili tend to differ most on account type and currency support, so match those to how your business moves money, then 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 22 December 2025. Confirm current terms with the provider before applying.
Visit Mercury → Visit Lili →Questions about Mercury and Lili
Which is better for my business, Mercury or Lili?
It depends on your needs. The table on this page compares Mercury and Lili on account type, fees, currency support, eligibility and availability using each provider's published terms. 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 Lili?
Often yes, subject to each provider's eligibility rules. Some businesses keep more than one account, for example one for everyday banking and another for currency conversion or cards. Check eligibility with each provider before applying.
Are the fees on this page current?
Each figure is shown with the date it was recorded, 22 December 2025. 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 22 December 2025. Confirm current terms with each provider before applying.