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Mercury vs Novo at a glance
| Mercury | Novo | |
|---|---|---|
| Best for | US startups and tech companies | US freelancers and very small businesses |
| Pricing model | Free plan | Free plan |
| Available in | US | US |
| Key features | Free core business account Virtual and physical cards Treasury and bill pay | No monthly fee account Built-in invoicing Reserves for setting money aside |
| Website | Visit Mercury ↗ | Visit Novo ↗ |
Pricing
Both use the same pricing model: each has a free plan, with paid upgrades. We never publish exact prices because they change too often; check the current plans on each website.
Where they work
Both are available in US, so where you live will not decide it.
Which one should you choose?
- Choose Mercury: the better fit for US startups and tech companies.
- Choose Novo: the better fit for US freelancers and very small businesses.
Still unsure? Run through these before you sign up for either:
- Who holds the deposits and whether they are covered by a deposit guarantee scheme.
- Fees for international transfers and currency exchange.
- Integrations with your accounting tool.
- Whether your business type and country are accepted.
Frequently asked questions
What is the main difference between Mercury and Novo?
Mercury is built for US startups and tech companies. Novo is built for US freelancers and very small businesses. Both use the same pricing model: each has a free plan, with paid upgrades.
Is Mercury or Novo available in my country?
Both are available in US, so where you live will not decide it.
Is Mercury cheaper than Novo?
It depends on how you use it, and prices change often, so we only list the pricing model. Both use the same pricing model: each has a free plan, with paid upgrades. Compare the current plans on each website before you sign up.
Not sold on either?
There are 11 other business banking & neobanks tools in the directory. Compare them all →
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Information checked 26 October 2026. NxtGenFin is an independent directory, not affiliated with Mercury or Novo unless marked as featured, sponsored or affiliate link. Not financial advice.