Mercury business banking has no monthly overdraft fees, minimum balance requirements, or fees for domestic wires, ACH or checks. You can also create and send invoices, make bill payments, and sync transaction details with your accounting software for free.
If your business needs more control, customization, or automation, Mercury offers subscription plans with advanced tools and support, allowing you to choose the setup that works best for your business. Compare plans to find the right fit for your business.
Managing your subscription
To get started on a subscription plan, head to Settings > Plan & Billing and select View all Plans. From there, select your plan and click Upgrade to access features right away. You can manage your plan at any time from this page.
Monthly vs annual plan
Admins can subscribe to Mercury Plus or Pro on a monthly or annual cadence. Annual plans are currently offered at a discounted rate and are charged once a year.
FAQs
How do I pay for a Mercury subscription?
Payments to Mercury subscriptions are withdrawn from your primary account balance. Therefore, it is important to ensure you have sufficient funds each month, your account will be in a 7-day grace period until the payment is made. Afterwards, you will be unsubscribed from the plan and lose access to any features.
When am I charged for my subscription?
The billing cycle begins on the first of the month, so monthly subscriptions renew on the first of the next month and annual subscriptions renew on the first of the same month, next year. If you subscribe or upgrade after the first of the month, you’ll be charged immediately for a pro-rated amount based on the remaining days in the current billing cycle.
What happens when I unsubscribe or downgrade?
Unsubscribed or cancelled accounts will have access to the plan until the end of the term (month or year depending on the plan). Downgraded accounts will also have access to the plan until the end of the term, and will be moved to the new plan at the start of the new billing cycle.
Please note that any time-based features associated with your plan, such as recurring invoices, will be cancelled once you’ve unsubscribed. Please plan accordingly to avoid any disruption.
Why am I paying sales tax for my subscription?
Certain states require sales tax on software-as-a-service that is delivered. If your legal address on file is in one of these states, you will see a sales tax on your monthly invoice. You can read more about sales tax here.
How are overages or fees charged?
Any overages or fees on top of your monthly/annual subscription (e.g. ACH debit transactions are $1/mo on Mercury Plus), you will see the total on the next monthly billing statement.
Mercury is a fintech company, not an FDIC insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.