Novo vs Mercury: Built for how you run your business

Compare tools, rewards, and integrations to choose banking that supports your day-to-day operations and keeps everything connected.

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How Novo Compares to Mercury

Mercury

Monthly Fee

$0

Built for Small Businesses

⚠ Strong startup focus

Integrations (Stripe, QuickBooks, Xero, Gusto, Etsy, Amazon, Wise, etc.)

Built-In Invoicing

Automated Budget Allocation

⚠ Limited

Faster Payments (Express ACH)

⚠ Standard ACH

AI-Powered Bookkeeping

Business Credit Card

2% cashback

⚠ 1.5% cashback (charge card, eligibility-based)

ATM Access & Fees

Most networks + up to $7/month reimbursed

⚠ Plan-based limits & fees

Why 250,000+ businesses rely on Novo

With Novo, you get the best of both worlds: the convenience of a modern banking platform and the confidence of knowing your money is backed by Middlesex Federal Savings, a bank that’s been trusted for more than 130 years.

Novo delivers the tools you rely on, the flexibility to keep your business moving, and the dependable experience you expect from a platform built for growth.

Here are just some of the features our customers love:

Integrations

Bring the tools you already use to run your business. Integrate easily with Novo.

Seamless Transfers

Free, flexible money movement including free ACH transfers and free incoming wires

Transparency

No hidden fees or minimum balance requirements

FDIC insured

Coverage up to $250,000 through our partner bank, Middlesex Federal Savings, Member FDIC.

For eligible customers, Novo offers:

The Novo Business Credit Card™

Earn up to 2% cashback* on eligible business purchase with no annual fee, and no rewards caps.

Novo Funding

Get access to last-minute cash with no hidden fees.

Hear directly from the businesses who bank with us

With over 250,000 customers, businesses across the country are using Novo to help manage and grow their bottomlines. See what they have to say about Novo’s tools and products.

Dominique Benson

Engaged Minds Academy

“Novo Funding gave me the cushion to cover expenses smoothly and invest in marketing and backend improvements without worrying about deposit timing.”

customer since 2022

David Degner

David Degner Photography

“The Novo Business Credit Card has been instrumental in helping me manage my monthly expenses effectively. Additionally, it provides a convenient buffer of a few extra weeks when clients extend their payment deadlines, allowing me to pay them off without any financial strain.”

customer since 2021

Daniela Pinaud

Idea Studio Co.

“I’m a designer, so it’s important that I can customize my invoices with my logo. I can do that in Novo."