Mercury vs Novo

Two banking tools side by side. Prices are the starting plan a small business would pick, in USD.

Compare	MercuryMercury	NovoNovo
In one line	Business checking built for online companies	Free online business checking with ATM fee refunds
Starting price	Free	Free
Six-person team	$0/mo	$0/mo
Plans	No monthly fee; Plus $29.90/mo, Pro $299/mo (billed annually)	No monthly fee; no minimum balance; ATM fees refunded up to $7/mo
Pricing model	Free	Free
Free trial	—	—
Users	Unlimited	Account owner plus cards
Both connect to	QuickBooks Online, Xero
Also connects to	Puzzle, Kick	FreshBooks
Team size	Just me · 2–10 people · 11–50 people · 51–200 people	Just me · 2–10 people
Available in	US	US
Phone support	None listed	None listed
Live chat	None listed	Every plan
Support hours	Not published	Not published
Incidents posted	5 incidents posted on Mercury's status page in the 90 days to Oct 27, 2026; 0 marked major or critical by Mercury. Status page	We found no public status page for Novo.
Capterra score	4.9 / 5 from 58 reviews	Not listed
Trustpilot score	3.9 / 5 from 2,876 reviews	4.0 / 5 from 4,873 reviews
Fit: Retail shop	50	55
Fit: Restaurant or café	40	45
Fit: Service business	80	85
Fit: Agency or studio	92	85
Fit: Trades or contractor	55	70
Fit: Online store	90	82
Why people pick it	No fees Clean software and API	No fees or minimums Good app integrations
Where it falls short	No cash deposits Not a chartered bank	Awkward for cash deposits No branches
	Visit Mercury ↗	Visit Novo ↗

Six-person prices are what a team of six would pay on the published plans; "Not listed" means those plans don't cover six. How we calculate prices