Novo vs Mercury
Mercury charges nothing for US wires or same-day ACH and 3% on card spending abroad; Novo charges for same-day ACH and up to $45 a wire, adds no card fee abroad and refunds ATM fees. Enter a month of your banking to see what each would cost.
Novo vs Mercury
Novo: Express ACH 1.5%, US wires up to $45, no card fee abroad · Mercury: US wires and ACH free, 3% on card spending abroad
Each account for the month
Each company's published fees. Novo's domestic wire is priced at its fee schedule's ceiling, so a month with wires shows the most Novo would charge. Mercury's card fee is the 3% on its pricing page, which its disclosure words as “up to”; exchange rates are each card's own and not in the figures. International wires sent are not compared. Novo sends them through its Wise integration, at a fee shown before you confirm. Neither account takes cash deposits.
Novo and Mercury fees, side by side
On sending money in the US, Mercury's fee is $0 on every line, so Novo's is the same or higher: same-day ACH and outgoing wires are the two Novo charges for. Novo charges less on card spending in other currencies, where on $1,000 Mercury's fee is $30.00 and Novo adds none, and at other banks' ATMs, where Novo refunds up to $7 a month of the owners' fees.
Three businesses, priced
Every fee for the month, with Novo's wires at the ceiling in its fee schedule. The consultant's month depends on that wire fee: Novo costs less only if it is under $30.00, the figure one of Novo’s help articles gives as its most.
What the fees leave out
Each account on its own
The Novo fee calculator prices a month at Novo with express check deposits too, and the Mercury fee calculator prices a single payment on any of Mercury's rails. To set Novo against Bluevine, see Bluevine vs Novo; Mercury against Bluevine, Relay or Wise Business, see Mercury vs Bluevine, Mercury vs Relay and Mercury vs Wise. More business platforms are on the fintech calculators page.
Novo vs Mercury: common questions
Is Novo or Mercury cheaper?
For sending money in the US, Mercury: its US wires and same-day ACH cost $0, where Novo charges up to $45 a wire and 1.5% (at least $0.50, at most $20) for same-day ACH. Novo charges less on two things: card spending in other currencies, where it adds no fee of its own and Mercury charges 3%, and other banks' ATMs, where Novo refunds up to $7 a month of the owners' fees. Mailed checks, standard ACH and wires received in dollars are free at both.
What do Novo and Mercury charge for wires?
Mercury charges $0 for a US wire and $0 for a USD wire abroad, or 1% for a wire in another currency. Novo's fee schedule says up to $45 for a US wire and one of its help articles up to $30; Novo shows the exact fee before you send. Novo's international wires go through its Wise integration. Receiving a wire in dollars is free at both.
Is same-day ACH free at Novo and Mercury?
At Mercury, yes: same-day and next-day ACH both cost $0. At Novo, standard ACH is free and same-day ACH, which Novo calls Express ACH, costs 1.5% (at least $0.50, at most $20) of the amount, rounded down to the cent. On a $500 payment that is $7.50.
What do Novo and Mercury charge on card spending abroad?
Mercury charges a 3% currency exchange fee on card transactions in another currency (its disclosure words it as up to 3%). Novo charges no fee of its own on debit card purchases abroad. On $1,000 of spending that is $30.00 at Mercury and $0.00 from Novo, before each card's exchange rate.
Do Novo and Mercury charge ATM fees?
Neither adds a fee of its own to a withdrawal in dollars, but the ATM's owner may. Novo refunds up to $7 a month of those owners' fees; Mercury publishes no refund. Mercury charges a conversion fee on cash taken out in another currency; Novo says it charges no ATM fee abroad.
Can you deposit cash with Novo or Mercury?
Neither accepts cash deposits. Novo suggests buying a money order and depositing it as a check in its app; Mercury suggests funding the account by check, ACH or wire.
Do Novo and Mercury charge monthly fees?
Neither does on its basic account. Novo has no paid plans. Mercury Plus costs $35 a month and Pro $350 ($29.90 and $299 a month billed yearly), for tools such as recurring invoices and priority support; they change none of the payment fees above.
Do Novo or Mercury pay interest?
Novo does not: its fee schedule lists a 0% APY and Novo offers no savings account. Mercury's yield comes through Mercury Treasury, which needs a $250,000 balance and takes a yearly fee of 0.15% to 0.6% of what is held in it.
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Last Updated: Novo's fees read from its fee schedule on October 18, 2026 and its help centre on October 19, 2026; Mercury's from its pricing page, its disclosure and its help centre on October 18, 2026.