Neobank comparison
Compare Mercury and Monzo side by side: fees, regulation, platforms.
Best for startups
Mercury is the go-to operating account for venture-backed startups, pairing free business banking with a deep…
Best for budgeting
Monzo turned budgeting into the headline feature of a current account. For UK users who want to see and shape…
| Feature | Mercury | Monzo |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 1% | 0% |
| Savings APY | - | 3.50% |
| Currencies | 3 | 1 |
| Card network | Mastercard | Mastercard |
| Deposit protection | FDIC up to 5,000,000 USD via partner-bank sweep | FSCS up to 85,000 GBP |
| Regulators | - | - |
| Best for | Best for startups | Best for budgeting |
| Markets & account | ||
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.
Monzo
Monzo turned budgeting into the headline feature of a current account. For UK users who want to see and shape their spending, nothing else comes close on usability.
Confirm current fees and rates on the provider's site. T&Cs apply.
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