Relay vs Mercury
Relay is an one of the best online business banking accounts for large teams. How does it compare to Mercury? Read our comparison chart below.
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Relay | Mercury | |
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No-Fee Business Checking - | Banking for Startups - | |
Benefits and Features | ||
Savings | Earn up to 3% APY: Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. | 1 free savings account; more upon request |
Checking | Up to 20 individual business checking accounts; no monthly fees; no overdraft fees | No monthly fees; no balance requirements |
Monthly Fee | ||
APY | ||
Minimum Deposit to Open | ||
ACH Transfer Fee | ||
ATMs | ||
Balance Requirement | ||
Cash Deposit Fee | $0 for cash deposits at Allpoint ATMs | |
Customer Service | Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday | |
Incoming Wire Transfer Fee | ||
Locations | ||
Out of Network ATM Fee | ||
Outgoing Wire Transfer Fee | $5 for domestic; $10 for international | |
Overdraft Fee | ||
CreditDonkey® Reviews | ||
Checking | ||
Fees | ||
Mobile App | ||
Customer Service | ||
Pros & Cons | Pros:
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Bottom Line | One of the best online business banking accounts for large teams... | |
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No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing Relay or Novo.