Deposit insurance: Mercury, Relay, Bluevine, Found, Novo and Lili are financial technology companies, not FDIC-insured banks. Deposits are held at their partner banks: Choice Financial Group, Column N.A., Thread Bank, Coastal Community Bank, Lead Bank, Middlesex Federal Savings, F.A. and Sunrise Banks, N.A., each a Member FDIC. FDIC insurance covers the failure of the insured bank that holds the deposits. It does not cover the failure of the technology company. Because the account is held for you at the insured bank rather than by you, this pass-through coverage applies only if certain conditions are met, including proper account titling and records from which each owner's interest can be determined. Mercury, Relay, Bluevine and Lili hold deposits through a sweep or custodial arrangement. Where a provider sweeps into more than one insured bank, each publishes its own current list of program banks and that list is where those banks are identified. Check it, rather than any headline coverage figure, before treating a balance above $250,000 as insured. The standard maximum is $250,000 per depositor, per insured bank, for each ownership category. Confirm current terms with the provider before you deposit.
How this page is funded: No provider has paid for a position in this ranking, and none of the links on this page earns this site a commission. This page is general information about business bank accounts, not financial or legal advice. Fees and terms change; confirm them with the provider before you apply.
🤝Mercury and Relay tie at the top for Missouri LLCs with 85/85 · No monthly fee
Counted as full-service brick-and-mortar offices (FDIC service type 11), so drive-throughs, limited-service and trust facilities are excluded. FDIC office counts are chartered-office counts and will not match a bank's own marketing branch count, which uses no published definition. Source: FDIC BankFind Suite, locations endpoint, snapshot 08/21/2026.
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Provider
Score
Monthly fee
Features
=1
MercuryFintech
85/85
Free
via Choice Financial Group & Column N.A.OnlineMulti-memberSub-accts
Branch counts for Missouri are the full-service brick-and-mortar offices recorded in the FDIC BankFind Suite, locations endpoint, snapshot 08/21/2026. FDIC office counts are chartered-office counts and will not match a bank's own marketing branch count, which uses no published definition. Fees and account terms were read from each provider's own pricing and legal pages on 2026-08-21.
The Missouri banking market
A branch count means nothing without the state it sits in. The first two figures below are counted from the same FDIC index as the branch numbers in the table above, under the same definition, so they are directly comparable. The third answers a different question and is explained beneath it.
Full-service branches1,959
FDIC-insured institutions248
Headquartered in Missouri193
Chase, Bank of America and U.S. Bank run 209 of those branches between them, 10.7% of the state total. The other 245 FDIC-insured institutions with a branch in Missouri are not ranked here, so a local bank you already use may still be worth a call. Credit unions are in none of these counts, because they are insured through the National Credit Union Administration rather than the FDIC, and a small number carry private share insurance instead. The largest by assets of the FDIC-insured institutions with their main office in Missouri is UMB Bank, National Association, at $72.3 billion in its 03/31/2026 call report, and it runs 44 of the branches counted above. Main office is where the charter sits, not where the business is: an institution headquartered in Missouri may take most of its deposits somewhere else, and the biggest charter in a state is not necessarily one that offers business accounts at all.
Nationally the 08/21/2026 snapshot records 71,985 full-service branches, belonging to the 4,242 FDIC-insured institutions active on that date. Asset figures on this page are each institution's own call-report value rather than the branch snapshot, the most recent of them dated 03/31/2026.
Provider Reviews for Missouri LLCs
#1MercuryFintech
No monthly feeDeposits at Choice Financial Group and Column N.A.Online openingMulti-member LLCSub-accounts
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. Additional checking and savings accounts, each with its own account number.
#2RelayFintech
No monthly feeDeposits at Thread BankOnline openingMulti-member LLCSub-accounts
Relay is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. Up to 20 checking accounts per business on the free plan.
#3BluevineFintech
No monthly feeDeposits at Coastal Community BankOnline openingMulti-member LLCSub-accounts
Bluevine is a financial technology company, not a bank. Banking services provided by Coastal Community Bank, Member FDIC. Five sub-accounts on the free plan, each with its own dedicated account number.
#4FoundFintech
No monthly feeDeposits at Lead BankOnline openingMulti-member LLCSub-accounts
Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. Every Pocket, including the Taxes pocket, carries its own account number.
#5NovoFintech
No monthly feeDeposits at Middlesex Federal Savings, F.A.Online openingMulti-member LLC
Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC. Novo Reserves are virtual allocations inside one account, not separate accounts with their own account numbers.
#6LiliFintech
No monthly feeDeposits at Sunrise Banks, N.A.Online openingMulti-member LLC
Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. Lili's tax and savings buckets subdivide the balance of a single account. They are not separate accounts with their own account numbers.
#7U.S. Bank Business EssentialsTraditional
116 U.S. Bank branch offices in Missouri, 5.9% of the 1,959 full-service bank branches the FDIC records statewide. That is the largest of the three national branch networks in the state.
No monthly feeFDIC insuredMulti-member LLCSBA loans
Deposit products are offered by U.S. Bank National Association. Member FDIC. U.S. Bank markets a 26-state branch network, though the FDIC records full-service offices in 29 states. It does not publish whether a business outside that footprint can open an account online, so confirm before applying. U.S. Bank does not publish whether one business may hold several business checking accounts, so the site makes no claim either way.
#8Bank of America Business Advantage FundamentalsTraditional
49 Bank of America branch offices in Missouri, 2.5% of the 1,959 full-service bank branches the FDIC records statewide.
Bank of America, N.A. Member FDIC. Most applications complete online, but Bank of America states some complex business types require a visit to a financial center. A second Business Advantage account can be linked without an additional monthly fee.
#9Chase Business Complete BankingTraditional
44 Chase branch offices in Missouri, 2.2% of the 1,959 full-service bank branches the FDIC records statewide.
Deposit products and services are offered by JPMorgan Chase Bank, N.A. Member FDIC. Chase does not support online opening for multi-member or multi-manager LLCs; every member or manager must attend a branch in person. Chase does not publish whether one business may hold several business checking accounts, so the site makes no claim either way.
Frequently Asked Questions
Missouri's LLC act does not require an LLC to maintain a separate business bank account, but running business income and expenses through a personal account is one of the factors courts weigh when deciding whether to disregard an LLC's liability shield. Veil piercing is a fact-specific doctrine and the weight given to any single factor varies by state and by case. A dedicated account also makes bookkeeping, tax filing, and any later financing or audit far simpler. Licensed professions are a separate matter: see the last question below. This is general information, not legal advice.
Yes. Mercury, Relay, Novo, Lili, Found, and Bluevine all allow you to open an account entirely online with your LLC's EIN, formation documents, and a government-issued ID. No branch visit is required, and none of them asks for a minimum opening deposit.
For a single-member LLC in Missouri, Mercury and Relay tie for the top score, at 85 out of a possible 85. They are online providers with no Missouri branch network, so they score nothing on the branch component. Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. Compare the full ranking above before deciding, because the branch component of the score changes from state to state. This is general information, not financial advice.
The FDIC records 1,959 full-service brick-and-mortar bank branches in Missouri, run by 248 FDIC-insured institutions, in its 08/21/2026 snapshot. Chase, Bank of America and U.S. Bank account for 209 of the state's branches, or 10.7%; the rest belong to other FDIC-insured institutions this comparison does not rank. Separately, the FDIC lists 193 institutions whose main office is in Missouri, the largest by assets being UMB Bank, National Association, which runs 44 of them. That is a different count: an institution can be headquartered here without running a single branch here. Credit unions are in none of these counts, because they are insured through the National Credit Union Administration rather than the FDIC, and a small number carry private share insurance instead.
No state's LLC act requires an LLC to hold a separate bank account, and Missouri's is no exception. Separate account requirements can still reach an LLC through its industry rather than its entity type: real estate brokerage, legal practice, insurance and construction escrow rules in many states require client or trust funds to be held in a segregated account. Check the rules for your licence, not just the LLC act. This is general information, not legal advice.
Edmond Hui is a software engineer and serial entrepreneur based in New York who has founded multiple online businesses across e-commerce, media, and information publishing. Before transitioning into tech, he spent years as a commercial real estate professional closing deals totaling over 100,000 square feet, giving him firsthand experience with business formation and entity structuring. He built MyStateLLC to provide the free, state-specific LLC guidance he wished existed when forming his own companies.
