EverBank Business Checking vs Mercury: which one fits your business?
Side-by-side comparison of EverBank Business Checking and Mercury — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Mercury wins on our scorecard (8.3/10 vs 7.5/10).
| Scored on | EverBank Business Checking | Mercury |
|---|---|---|
| Right fit for small biz | 8 | 7 |
| Ease of use | 7 | 9 |
| Fees & pricing | 9 | 9 |
| Customer support | 6 | 6 |
| Features | 7 | 9 |
| Monthly Maintenance Fee | $0 | — |
| Minimum Opening Deposit | $1,500 | $0 |
| Outbound Domestic Wire | $25 | — |
| Transactions included | 200 per month | — |
| Monthly Service Fee | — | $0 |
| Domestic Wires (Send/Receive) | — | $0 |
| International Wires | — | $0 (1% FX fee may apply) |
| ATM Withdrawals | — | Reimbursed at Allpoint locations |
EverBank Business Checking in one paragraph
A powerhouse for businesses with idle cash who want a zero-fee, high-interest home at a stable national bank.
Skip it if: Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Mercury in one paragraph
A brilliant software-first financial platform that eliminates fees for tech startups but carries the risk of automated account freezes.
Skip it if: You own a brick-and-mortar business that needs to deposit physical cash or work in a 'high-risk' industry like CBD or gaming.
Frequently asked questions
Which is better, EverBank Business Checking or Mercury?
On our five-axis scorecard, Mercury scores higher (8.3/10 vs 7.5/10). A brilliant software-first financial platform that eliminates fees for tech startups but carries the risk of automated account freezes.
Who should skip EverBank Business Checking?
Skip it if your business handles a high volume of physical cash or you need a bank with a branch in every city.
Who should skip Mercury?
You own a brick-and-mortar business that needs to deposit physical cash or work in a 'high-risk' industry like CBD or gaming.