Solopreneur Banking Comparison
Compare fintech banking platforms built for self-employed individuals. Tax automation, multiple accounts, APY, and eligibility requirements at a glance.
Quick Comparison
| Platform | Best For | Free APY | Tax Tools | Multiple Accounts | Sole Prop Eligible |
|---|---|---|---|---|---|
| Found | Quarterly tax estimates | 0% free / 1.5% paid | Excellent | Basic | Yes |
| Relay | Multiple income streams | 1.03% free / 3.03% Scale | Basic | 20 checking free | Yes |
| Bluevine | Earning on cash reserves | 1.3-3.0% | Basic | Limited | Yes |
| Mercury | Incorporated businesses | 2.5% | Basic | Good | No (EIN required) |
Feature Comparison
Tax & Accounting Features
Feature
Found
Relay
Bluevine
Mercury
Auto expense categorization Yes No Basic AI-powered
Tax withholding automation Automatic Manual % No No
Schedule C generation Yes No No No
Quarterly tax estimates Real-time No No No
QuickBooks/Xero integration Limited Yes Yes Yes
Account Structure
Feature
Found
Relay
Bluevine
Mercury
Free checking accounts 1 + Tax Pocket Up to 20 1 Multiple
Free savings accounts Tax Pocket 2 1 Yes
Auto % transfers To Tax Pocket Between all No Limited
Virtual cards Yes Yes Yes Yes
Manage multiple businesses Up to 5 Separate accounts No Yes
APY & Pricing
Feature
Found
Relay
Bluevine
Mercury
Free plan APY 0% 1.03% 1.3%* 2.5%
Max available APY 1.5% 3.03% 3.0% 2.5%
APY requirements $19.99/mo plan $90/mo Scale $2.5K deposits/mo None
Monthly fee (basic) $0 $0 $0 $0
FDIC insured $250K $250K $3M $5M
*Bluevine requires $500/mo card spend OR $2,500/mo deposits for APY eligibility
Eligibility & Extras
Feature
Found
Relay
Bluevine
Mercury
Sole prop (SSN only) Yes Yes Yes No
LLC/Corp support Single-member Yes Yes Required
Free invoicing Unlimited Paid plans Limited No
Credit access No No Up to $250K No
AI features Categorization None None Bill pay, receipts
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Platform Recommendations
QUARTERLY TAX ESTIMATES
Found
Tax automation for self-employed
- Free APY: 0% free / 1.5% paid
- Tax Tools: Excellent
- Accounts: Basic
- Invoicing: Unlimited free
MULTIPLE INCOME STREAMS
Relay
Profit First official platform
- Free APY: 1.03% free / 3.03% Scale
- Tax Tools: Basic
- Accounts: 20 checking free
- Invoicing: Paid plans
EARNING ON CASH RESERVES
Bluevine
High APY on reserves
- Free APY: 1.3-3.0%
- Tax Tools: Basic
- Accounts: Limited
- Invoicing: Limited
INCORPORATED BUSINESSES
Mercury
AI-powered automation
- Free APY: 2.5%
- Tax Tools: Basic
- Accounts: Good
- Invoicing: No
Read the Full Comparison
Deep dive into pricing, features, limitations, and decision frameworks for each platform.
Read Banking Guide