Pros
Mercury Vault: This feature provides up to $5 million in FDIC insurance by spreading funds across multiple FDIC-insured banks
Free wire transfers: Mercury does not charge fees for domestic or international wire transfers
API access: Mercury offers a customizable read-write API that allows businesses to create custom dashboards
Cons
No cash deposits: Mercury does not support cash deposits
Limited customer support: Mercury primarily relies on email for customer support and does not offer phone support
No interest on checking balances: Unlike some competitors, Mercury's standard checking account does not earn interest