Found Business Banking vs Mercury Business Banking

Found pays 1.50% APY on up to $20,000 with Found Plus ($35/month) and 2.50% on all balances with no cap on Found Pro ($80/month). Mercury business checking and savings pay no interest; its separate Treasury investment product needs at least $250,000 and is not FDIC insured.

Mercury's checking, savings, free ACH, free domestic wires and free USD international wires are available on its $0 tier with no subscription. Found's base account is also $0, but its quarterly tax payments, external-transaction imports and paid-tier APY require the $35 or $80 monthly plans.

Found includes automatic tax set-asides, quarterly tax estimates and Schedule C preparation on its free tier, plus optional in-app quarterly federal payments on Plus. Mercury has no built-in tax-estimate or tax-filing tooling; it focuses on invoicing, bill pay and accounting-software sync.

Mercury includes free ACH, free domestic wires and free USD international wires (SHA) on every tier, with a $15 OUR-option fee. Found's fee schedule lists a $10 outgoing wire on its Pro tier; the base and Plus tiers do not publish a separate wire fee, so confirm the cost in-app before sending one.

Found allows one free cash deposit per month, then $2 per deposit, within limits of $2,000 per rolling 7 days and $4,000 per rolling 30 days. Mercury does not accept cash deposits at all, including at partner-bank branches.

Found advertises FDIC coverage up to $250,000 through a single partner, Lead Bank. Mercury advertises eligible sweep coverage up to $5 million through Choice Financial Group, Column N.A. and sweep network banks, subject to program conditions and other deposits held at those banks.

Found supports sole proprietors, single- and multi-member LLCs and corporations, though its own pages disagree on C-corporation support, so confirm your entity type before opening. Mercury's core banking has no published entity restriction, but its optional Treasury investment excludes single-member LLCs, partnerships, LLPs and nonprofits even above the $250,000 threshold.

Is Found Business Banking or Mercury Business Banking better?

Choose Found if you are a self-employed filer who wants tax set-asides, quarterly estimates and bookkeeping handled inside your checking account; its $35 Found Plus tier earns about $300 a year on a $20,000 balance at an unchanged 1.50% APY, which already exceeds the subscription cost if you keep that balance most of the year. Choose Mercury if you send domestic or USD international wires regularly or want free software and API access without a subscription; its $5 million sweep coverage also outpaces Found's single-bank $250,000 limit. Neither pays meaningful interest on large idle balances without a paid tier or a separate, non-FDIC-insured investment product, so confirm wire fees and entity eligibility before you move your operating cash.

Does Found or Mercury charge a monthly fee?

Found Business Banking: $0 (free tier). Mercury Business Banking: $0 (banking is free on every tier).

Which earns more on cash, Found or Mercury?

Found. Found pays 1.50% APY on up to $20,000 with Found Plus ($35/month) and 2.50% on all balances with no cap on Found Pro ($80/month). Mercury business checking and savings pay no interest; its separate Treasury investment product needs at least $250,000 and is not FDIC insured.

Which is better for checking interest?

Found. Found pays 1.50% APY on up to $20,000 with Found Plus ($35/month) and 2.50% on all balances with no cap on Found Pro ($80/month). Mercury business checking and savings pay no interest; its separate Treasury investment product needs at least $250,000 and is not FDIC insured.

Does Found pay more interest than Mercury?

On checking balances, yes. Found pays 1.50% on up to $20,000 with Plus and 2.50% uncapped with Pro, both paid tiers. Mercury's checking and savings pay no interest; its optional Treasury product can yield more but needs at least $250,000 and is a separate investment, not a deposit account.

Can I deposit cash into either account?

Found allows one free cash deposit a month, then $2 per deposit, with weekly and monthly limits. Mercury does not accept cash deposits under any plan, including at its partner banks' branches.

Is Mercury really free, including wires?

Banking itself has no monthly fee on any Mercury tier, and that includes free domestic wires and free USD international wires sent the standard way; choosing the OUR routing option costs $15. Found's Pro tier lists a $10 outgoing wire fee, and its base and Plus tiers do not publish a separate wire price, so confirm in-app first.

Which is better for a single-member LLC?

Both accept single-member LLCs for standard banking. The difference shows up around tax tools and investments: Found's Schedule C tax estimates and set-asides are built for sole proprietors and single-member LLCs, while Mercury's optional Treasury investment specifically excludes single-member LLCs from eligibility even above its $250,000 minimum.