If you want cheap, I'd go with Zoho. $12 a year per mailbox.
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When did Zoho stop offering a free tier?
They still offer free email but you can't use your own domain with it.
Is it any good?
I've had a good experience with them. It's pretty much just worked and I never have to think about it. They do have larger plans and ones that have a lot of other services. But their basic email lite plan is $12 a year per mailbox (which can have aliases but not multiple passwords) for 5GB of storage. Or $15 for 10gb.
When you say “cheap”, what kind of budget have you got in mind? What’s the total number of users, you said 5 users per shared mailbox, but are they all different, i.e. 5 users x 5 mailboxes = 25 users? Or is there some overlap?
Or whatever MS is calling their solution this week? M365 / O365 / Exchange Cloud.... I see the request for cheap and easy, but that's generally an "or" statement.
Those are three separate products and the names haven’t changed. While there are multiple tiers of each and more stuff included in the bundles than I mentioned, the general breakdown is:
EO is email only
O365 is Office + Email
M365 is Windows + Office + Email
OP could probably use EO with 5 users and 10 shared mailboxes. Granting the 5 users Full Access to the mailboxes they need would meet their needs.
I use mxrouter, maybe a good option depending on your exact use case
Fastmail or mxroute
Get Microsoft Business basic licenses. $6 each. You get the business emails, 1tb of OneDrive space per user, and access to all Office products.
Per month or year?
Per month