Mercury vs. Relay

Which Business Bank Account Fits Your Business?

BankingUpdated November 2026Reviewed by the Loanistry editorial teamHow we rate How we make money

In short

Mercury is better for online, software and professional-services businesses that want free wires, strong integrations and up to $5 million in FDIC sweep coverage. Relay is better for owners who want to split money across many accounts with automatic rules, and for businesses that occasionally deposit cash, which Mercury cannot accept.

Our verdict: Mercury for operations-heavy companies with wires and a finance team.

Mercury

Business checking

4.7/5

Monthly fee$0

YieldUp to about 4% through Treasury (eligibility applies)

OpeningAccount open in days

Cash depositsNo

Check options Read review

Relay

Business checking

4.5/5

Monthly fee$0

Yield1% to 3% on savings balances

OpeningAccount open in days

Cash depositsYes

Check options Read review

Point by point

Mercury

Relay

Monthly fee

None.

None on the standard plan.

Wires

Free domestic and international USD wires.

Fees on outgoing wires on the free plan.

Multiple accounts

Multiple checking and savings accounts.

Up to 20 checking accounts with automatic allocation rules.

Cash deposits

Not supported.

Supported at Allpoint+ ATMs.

FDIC coverage

Up to $5 million through sweep network.

Up to $3 million through sweep network.

A green dot marks the stronger option on that point.

Verdict

Mercury for operations-heavy companies with wires and a finance team. Relay for budgeting-minded owners and anyone who touches cash.

Keep reading

Best Business Checking Accounts of November 2026
Best of Mercury review
Review How to open a business bank account
Guide