Novo vs Mercury: Built for the way you work
Compare tools, rewards, and integrations to choose banking that supports your day-to-day operations and keeps everything connected.
How novo compares to Mercury
Less tools, more money in
"I was using personal accounts, sending invoices in Google Docs, and getting paid through PayPal. It felt messy and unprofessional. Now I have a dedicated account, seamless invoicing, and I just download my reports come tax season."
Features
Mercury
Monthly fees
$0
$0
Built for
Small businesses
Tech Startups
Integrations
Built-in Invoicing
Automated Budget Allocation
Faster Payments
Automatic Expense Categorization
Business Credit Card Rewards
2% cashback (eligibility-based)
1.5% cashback (eligibility-based)
ATM Access & Fees
Most networks + up to $7/month reimbursed
No bank fee; operator fees may apply
HOW TO PUT NOVO TO WORK
Our all-in-one dashboard lets you see what's coming in, what's going out, and what needs your attention without digging through spreadsheets.
What other independent business owners are saying
No delays, no friction, no headaches
Novo has completely simplified how I manage my business finances. I can track cash flow in real time, organize expenses, and move money fast. No delays, no friction. It keeps me focused on clients instead of fighting with outdated banking.
Frequently asked questions
Novo includes key tools like invoicing, expense categorization, integrations, and cashback rewards with no monthly maintenance fee. Some products, like the credit card, have eligibility requirements. Mercury also offers free banking, with certain features and products, including its credit card, available based on eligibility and account setup.
Yes. Novo includes built-in invoicing, so you can create, send, and track payments in one place. Mercury also offers invoicing, with features that may vary based on usage and setup.
Novo helps you stay organized with Automatic expense categorization, integrations like QuickBooks, and clear transaction tracking. Mercury offers invoicing, expense tracking, and integrations, with functionality that may depend on setup and connected tools.
Novo is designed for how you run your business every day — sending payments, tracking expenses, and managing cash flow in one place. Mercury provides core banking and financial tools, often used by tech startups and digital businesses.
Novo has no monthly maintenance fee, so you can manage your finances without added overhead. Mercury also offers $0 monthly fee business banking accounts.
