Frequently asked questions
Mercury is radically different banking for entrepreneurs – engineered from the ground up to help you truly understand and manage your money like never before.Everything you need is built in: cards, invoicing, bill pay, spend management, and built-in AI that surfaces real-time insights and drives financial work end-to-end. And because it all lives in one place, it gets smarter the more you use it – surfacing what you need, when you need it, in ways a patchwork of tools never could.We offer:
- Free business checking and savings accounts with no minimums or monthly fees
- Up to $5M in FDIC insurance through our partner banks and their sweep networks
- Debit and credit cards for your whole team, earning 1.5% cashback on credit spend
- Free USD wires, ACH, and check payments
- Treasury management with up to 3.80% yield
- Built-in spend management, invoicing, bill pay, 1099s, accounting automations, and more
- Mercury Command, built-in AI that helps complete financial work through natural language
- Powerful API, MCP, and CLI capabilities to connect Mercury data and actions to your other tools
- Multi-factor authentication, device verification, dark web monitoring, automatic risk screening on payments, and customizable permissions
- Working capital loans, venture debt, and SAFEs to help you grow
- Personal banking with high-yield savings accounts
- An experience trusted by more than 300K entrepreneurs
You’ll need your company’s official formation documents, your IRS-issued EIN document, and a government ID (e.g., a passport or U.S. government identification document – see all acceptable documents here) for at least one person with operating control of the business, as well as any owner with at least 25% ownership of your company. You'll also need to provide some information about your company and its owner with operating control.Customers must be formed and registered in the United States or a U.S. territory, have some type of existing or planned operations in the U.S., and have a U.S. or international address for their principal place of business. This can be a residential address, but may not be a registered agent, P.O. box, or UPS box address. Once you apply, we’ll review to ensure formation documents are up-to-date and that your company otherwise satisfies our onboarding requirements.We cannot currently support accounts for businesses with founders or financial controllers living in the countries and regions listed hereOpens in new tab.For more information on eligibility and required documents, please see this articleOpens in new tab.
Mercury supports all types of businesses — from SaaS and ecommerce companies, to agencies, consultants, law firms, and real estate developers. Whether you're a solo entrepreneur, managing a team, or overseeing multiple businesses, Mercury is designed to fit your business as you grow. We accept most U.S. companies that aren’t money services businesses or involved with adult entertainment, cannabis or internet gambling. Our product might not be the best fit for businesses frequently dealing with physical cash and we cannot open accounts for trusts.