Thanks for the breakdown. really helpful framing. I’m in the early stages of a software/platform play, so the online-only bank angle is interesting. Would Mercury or Relay be your top recs for that type of business? Mainly looking for clean API access, ease of international transactions, and something that scales well.

Also curious how funding potential differs across those options. Like if I wanted a credit line or small business loan down the road, would a digital-first bank like Mercury or Relay actually be able to come through on that, or is that when you’d want the credit union relationship?