Novo vs Mercury - Which is the Better Business Bank Account?

Open a Novo & Mercury business checking account here:

In this video, I go over Novo and Mercury, two popular online bankings for business owners. I break down their features, fees, and customer service to help you decide which one is the right fit for you. Whether you’re a freelancer, entrepreneur, or run a startup, this video will equip you with the knowledge to make an informed decision about your business banking needs.

Our favorite business must-haves:
💳 Best business credit cards:
🏦 Novo (best business bank):
🖥️ Best AI website builder ($3/month using code STARTUPWISE):
⚙️ Northwest (best $39 LLC formation service):
💰 Payroll with Gusto (get 2 months free!):
👨💼 Best overseas staffing agency (save 80% on payroll):

Be sure to watch this video all the way through, because I'll cover the signup process for both platforms and give you my personal recommendation based on the type of business you run. Overall, Novo is better suited for freelancers, entrepreneurs, and small businesses, while Mercury caters to startups seeking venture capital and investor connections.

Are you a freelancer, entrepreneur, or small business owner looking for an online banking with invoicing, expense insights, and integrations with popular business tools? Then Novo might be the perfect fit for you. This video is perfect for you if you’re looking for an online banking for your small business, startup, or freelance business. Learn about Novo vs Mercury, online business banking, business checking account, startup banking, freelancer banking, mobile banking, and small business tools.

If you found this video helpful, check out our other videos about business banking, credit and more:

Business Banking Playlist:

Novo Review: Best Business Banking Account for 2025?:

Mercury Review: Best Business Banking Account for 2025?:

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Thanks for watching! I hope you have a wonderful day!

-Sam

#Business #Businessbanking #LLC

Timeline:
0:00 - Intro
0:10 - Overview
0:30 - What Is An Online Banking
1:00 - Novo
1:55 - Features
2:37 - Fees
2:52 - Customer Service
3:05 - Integrations
3:22 - How to Setup An Account With Novo
6:21 - Mercury
6:39 - Features
7:11 - Fees
7:22 - Customer Service
7:30 - Integrations
7:46 - How to Setup An Account With Mercury
9:40 - Which Platform Is Better
10:58 - Conclusion

Disclaimer: Some of the links above may be affiliate links, meaning I may receive a small commission if you click on them. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your due diligence. We appreciate your viewership!

In addition, we are not financial advisors. StartupWise does not provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your due diligence before making any financial decisions.

Mercury is a financial technology company, not a bank. Banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC.

[StartupWise]

Hope you guys enjoy the video and get some value from it!
Open a Novo & Mercury business checking account here:

Our favorite business must-haves:
💳 Best business credit cards:
🏦 Novo (best business bank):
🖥 Best AI website builder ($3/month using code STARTUPWISE):
⚙ Northwest (best $39 LLC formation service):
💰 Payroll with Gusto (get 2 months free!):
👨💼 Best overseas staffing agency (save 80% on payroll):

[estherchira]

Novo it is. Very clear info and you sound very refreshing.

[alexlegrand]

Does novo support non residents with llc?

[TerenceMohan]

I have a question. I am not from the US. I do have a LLC registered in the US and EIN. Is it possible for me to register for Novo or Mercury? And which one would you advise in my case?

[chrisder]

Hello, they tell me that they have closed my account, but is this legal?

[PiwFun]

What about don’t have LLC yet just start.

[socialhawkeye]

Dont you have to wait 6months to apply for up to 75K loan