Lunar
Pros
- Full Nordic banking licence with deposit protection
- Savings, investing and crypto in one app
- Strong coverage across Denmark, Sweden and Norway
Cons
- Focused on the Nordic region only
- Premium features sit behind paid tiers
Neobank comparison
Lunar vs Mercury
Compare Lunar and Mercury side by side: fees, regulation, platforms.
Lunar
Best for the Nordics
Lunar is the standout licensed neobank for the Nordics, folding savings, investing and crypto into a single r…
VS
Mercury
Best for startups
Mercury is the go-to operating account for venture-backed startups, pairing free business banking with a deep…
Head-to-head comparison
| Feature | Lunar | Mercury |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 1% |
| Savings APY | 2.50% | - |
| Currencies | 4 | 3 |
| Card network | Mastercard | Mastercard |
| Deposit protection | Nordic deposit guarantee up to 100,000 EUR | FDIC up to 5,000,000 USD via partner-bank sweep |
| Regulators | - | - |
| Best for | Best for the Nordics | Best for startups |
| Markets & account | ||
Pros & cons
Mercury
Pros
- Free business banking built for startups and founders
- Extended FDIC cover through a partner-bank sweep network
- Treasury yield and software integrations built in
Cons
- No personal accounts; business and US-incorporated focus
- FX on international payments carries a markup
Lunar
Lunar is the standout licensed neobank for the Nordics, folding savings, investing and crypto into a single regulated app.
Confirm current fees and rates on the provider's site. T&Cs apply.
Mercury
Mercury is the go-to operating account for venture-backed startups, pairing free business banking with a deep sweep network and treasury tools.
Confirm current fees and rates on the provider's site. T&Cs apply.
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