We generally believe that there are better and more customer aligned ways of making money from banking than fees.
We charge no monthly fees and all transactions apart from international wires and domestic (for non tea room customers) wires are free. You can see full pricing on mercury.com/pricing
To be clear thats how most banks make their money.
The only places where fees make banks money is smaller customers. And for smaller customers the fees are extortionate as compared to their deposits.
We think of things in a freemium business models. So smaller customers get things for free and sometimes cost us money but it creates a lot of early good will and they can grow to become big.
This question is part of an AMA with Immad Akhund.
View entire AMA with Immad Akhund.We have 15k newsletter subscribers, and have around ~2k of them in a Slack group. We're starting to encounter issues in terms of community management - specifically, it's hard to pin content like c...
Google lets you subscribe to a calendar using a URL - although when using an Outlook 365 Calendar link, events are copied over once, and then the syncing stops. This seems to be a relatively new is...
Three major considerations I have been using to evaluate the plethora of options available: 1. Effortless/non-intrusive: It shouldn't feel like a video call 2. Price: As this app would be complime...
Interesting...so you don't charge customers at all? Just monetize via their deposits and spending?
Do you think that aligns well w/ giving them the best experience and service?