Holdings vs Mercury
Mercury is a great bank. Holdings is the platform that replaces your bank, your accounting software, and your spreadsheets — for free.
Feature comparison
See how Holdings stacks up against Mercury
| What you get | Holdings | Mercury |
|---|---|---|
| 57 Free Tools | ✅ Included free | ❌ Not included |
| Built-in Accounting | ✅ Included free | ❌ Not included |
| Invoice Generator | ✅ Included free | ❌ Not included |
| Expense Tracking | ✅ Included free | ❌ Not included |
| P&L / Balance Sheet | ✅ Real-time | ❌ Requires QuickBooks |
| Tax Calculators | ✅ Included free | ❌ Not included |
| Monthly Fees | Free | Free |
| APY on Deposits`, holdings: `${SITE_CONSTANTS.APY}%`, competitor: `Up to 4.25% (tiered) | ||
| FDIC Insurance | Up to $3M | Up to $5M |
| Unlimited Sub-accounts | ✅ Free | ✅ Free |
| Physical Debit Cards | ✅ Free | ✅ Free |
| Virtual Cards | ✅ Free | ✅ Free |
| Domestic Wires | Free | Free |
| Team Permissions | ✅ Included | ✅ Included |
| Built-in Accounting | ✅ $25/mo | Not offered |
Why choose Holdings over Mercury
Stop juggling 5 apps — tools, accounting, and banking in one place
Mercury is a bank. You still need QuickBooks, a spreadsheet for tracking, an invoice tool, and a tax prep app. Holdings replaces all of them with one free platform.
Your invoices auto-update your books
Send an invoice in Holdings and it automatically flows into your P&L, updates your balance sheet, and categorizes the income. No manual entry, no reconciliation.
Tax time takes 10 minutes, not 10 hours
Holdings auto-categorizes every transaction, generates real-time P&L and balance sheets, and includes tax calculators. Your books are always tax-ready.
Replace $100+/mo in software with a free platform
QuickBooks ($30-80/mo) + invoicing tool ($15-30/mo) + expense tracker ($10-20/mo) = $55-130/mo. Holdings includes all of it from $0/mo.
Get the Platform Switch Checklist
Thinking about switching? This 5-step checklist covers everything: migrating accounts, setting up your tools, and getting your books connected automatically.
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When Mercury might be the better choice
Mercury may be a better fit if you need venture debt, treasury management for large balances, or if you're already deep in their ecosystem with Mercury Credit.
Frequently asked questions
I already have a bank — why do I need Holdings?
Holdings isn't just banking. It's 57 free tools, built-in accounting, invoicing, expense tracking, and tax calculators. Banking is included, but the tools are what replace your QuickBooks, your spreadsheets, and your bookkeeper.
Can I use Holdings tools without switching banks?
Yes. The tools and accounting features are free for everyone. Banking is optional — you can connect your existing bank and still use Holdings as your financial platform.
Does Holdings offer higher APY than Mercury?
Mercury offers up to 4.25% APY on tiered treasury balances. Holdings offers 1.75% APY on all deposits. If maximizing yield on large balances is your priority, Mercury's treasury product may offer higher rates.
Can I switch from Mercury to Holdings?
Yes. Open your Holdings account in minutes, then transfer funds at your own pace. You can run both accounts side by side during the transition.
What tools are included free with Holdings?
Holdings includes 57 free tools: invoice generator, expense tracking, P&L and balance sheets, tax calculators, receipt capture, cash flow forecasting, and more. All free, all connected to your accounts automatically.
Ready to run your business from one place?
57 free tools. Free banking. Free invoicing. Accounting from $25/mo.
1.75% APY† • Zero fees^ • FDIC insured to $3M*