Today, we’re announcing that Mercury has partnered with Column N.A., Member FDIC, as an additional partner bank. This marks the latest milestone in our multi-bank partner strategy, which involves partnering with multiple FDIC-insured banks to provide redundancy, resiliency, and the flexibility to serve companies at various stages of growth.
When partnering with a financial institution, we conduct thorough diligence with potential bank partners to examine the fitness and soundness of their businesses. It is critical that every bank we work with is U.S. based and federally regulated, display a commitment to compliance, and exhibit a strong financial position.
Like our existing bank partners, Column N.A provides checking and savings accounts, as well as enhanced payment capabilities, including same-day ACH processing and the ability to accept non-USD wire transactions.
Built and led by financial services veterans from J.P. Morgan, Plaid, Square, Goldman Sachs, and Affirm, Column N.A. is a nationally chartered, regulated bank with developer- and API-first banking solutions. With Column N.A., we also share bold product goals and the determination to build innovative products and user experiences.
To ensure a smooth and frictionless experience, over the coming months we’ll initiate a phased rollout, enabling eligible customers to open accounts with Column N.A.
As Mercury grows, our core focus remains the same: powerful banking and simplified finances so ambitious companies can operate at their best. Our partnership with Column N.A. marks the next step in ensuring that Mercury customers have access to the most efficient, secure, and scalable banking services available.
* Mercury is a fintech company, not an FDIC-insured bank. Checking and savings accounts are offered by our bank partners Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC. Deposit insurance covers the failure of an insured bank. Checking and savings account deposits may be held by sweep network banks. Certain conditions must be satisfied for pass-through insurance to apply.
Catherine Unertl. Catherine leads Financial Partnerships at Mercury.