Ramp vs Mercury
Why businesses choose Ramp over Mercury
Ramp runs banking, cards, expense management, bill pay, and procurement on one platform. Ramp customers save 7.5%+ and close their books over 3x faster after switching.¹
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Top 3 reasons leaders pick Ramp over Mercury
Consolidated Financial Automation Platform
Automation & Ease of Use
Best-in-Class Integrations
Compare Ramp vs. Mercury
“Invoices, cards, tokens. The categories change but the principle doesn't: know where the money is going, remove the work around it, and make sure the spend is worth it.”
Maciej Mylik. Finance
ElevenLabs
Why Ramp stands out
Ramp isn't just a corporate card. Banking, cards, expense management, bill pay, and procurement run on one platform, and direct ERP integrations keep your books clean in real time.
dollars saved
hours saved
integrations
FAQ
Neither is a bank. Ramp is a financial technology company, and Ramp Checking Account deposits are held at First Internet Bank of Indiana, Member FDIC. Mercury describes itself as a fintech company, not an FDIC-insured bank, with banking services provided through Choice Financial Group and Column N.A., Members FDIC.
The Ramp Checking Account pays 2.01% APY² on eligible funds with no monthly fee and no minimum balance. Mercury's checking account is non-interest-bearing. Its yield product is Mercury Treasury, an investment account that requires a $250,000 balance across Mercury accounts.
Ramp Checking Account deposits are eligible for FDIC coverage of hundreds of millions of dollars through IntraFi's ICS network⁴, subject to pass-through conditions. Mercury says its checking and savings deposits are insured up to $5M through its partner banks' sweep networks. FDIC insurance does not cover the Ramp Investment Account or Mercury Treasury.
Ramp's policy agents automate 85% of expense reviews. When Ramp determines a transaction is in policy, it's correct 99% of the time. With Ramp's receipt integrations, 70%+ of transactions have receipts within 24 hours.
Ramp has deep, bi-directional integrations with QuickBooks, NetSuite, Sage Intacct, Workday, and Xero, including GL custom fields for NetSuite.
Yes. Many businesses start by running cards and bill pay on Ramp while keeping their existing account, then open a Ramp Checking Account for the cash that funds those payments. Target-balance rules keep the amount you need for upcoming bills in checking, and you can move more over when it makes sense.