Mercury vs Finom
On cashback Finom wins (up to 3%); for spending abroad FX markup matters, and Finom does better (2% vs 3%). In short: Mercury if your usage matches its strength, Finom otherwise — the numbers above beat any slogan.
| Mercury | Finom | |
|---|---|---|
| Tier | S | A |
| Rating | ★ 4.8 | ★ 4.4 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| IBAN | condiviso | dedicato · DE, NL |
| Multi-currency | No (single currency) | Yes · 20 currencies |
| Outbound transfers to third-party IBANs | Yes | Yes |
| Utility direct billing | No | Yes |
| SEPA direct debit (SDD) | No | Yes |
| On-chain crypto withdrawal | No | No |
| Interest on balance | 3.61% | 5% |
| ATM withdrawal | not declared | not declared |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | US · 1+ countries | EEA · 25+ countries |
| Regulator | FDIC partner banks | DNB |
| OAM Italy registration | No | No |
| Segment | B2B | — |
| SEPA transfer | — | Free |
| Regions | US | EU/EEA |
| Licences & safety | Banking partner (Choice Financial Group, Evolve Bank) | EMI |
Frequently asked questions
Mercury vs Finom: which is better?
On cashback Finom wins (up to 3%); for spending abroad FX markup matters, and Finom does better (2% vs 3%). In short: Mercury if your usage matches its strength, Finom otherwise — the numbers above beat any slogan.
Which is cheaper, Mercury or Finom?
On the standard spending profile Mercury has the lowest net annual cost: €0 versus €0 for Finom.
Which offers more cashback, Mercury or Finom?
Finom has the highest cashback: up to 3%. Note the top rate often requires token staking and is subject to spending caps.
Is Mercury custodial or self-custody?
Mercury is custodial: funds are held by the platform, while Finom is custodial.
Which is better for spending abroad?
For foreign-currency spending Finom wins, with the lowest FX markup: 2%.