Mercury logoThe logo for Mercury, featuring a circular emblem with abstract, interconnected swirling lines on the left, and the word "MERCURY" in clean, uppercase letters to the right.

Breakthrough banking for biotech & life sciences

The secure and powerful all-in-one banking solution for researchers and builders in therapeutics, diagnostics, devices, software, and beyond.
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Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. Deposit insurance covers the failure of an insured bank.

Empirically better banking for biotech & life sciences

Deposit protection is in our DNA

Get up to $5M in FDIC insurance through our partner banks and sweep networks — plus access additional security through a money market fund.

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Bar graph showing the difference between the industry standard of 250K FDIC insurance, and Mercury's expanded FDIC insurance of 5M.

Put your company’s idle cash to work

Set rules to automatically move surplus funds from your operating account to your Mercury Treasury account and earn up to 3.94% yield with funds offered by J.P. Morgan Asset Management and Morgan Stanley.

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Your expanded health and life science support team

Get a dedicated Relationship Manager who is deeply ingrained in the industry to assist with your growth — guaranteed for all Mercury Pro customers and those with a $10M+ balance.

Message exchange with life sciences support team

Banking should do more. Now it can.

Simplified send a wire UI

Send payments without the fees or phone calls

Pay team and contractors with free USD wires, ACH, and checks without leaving the lab, and even save time with recurring payments.

Fictional invoice highlighting three specific items: Item 1 - credit card number, item 2 - name, item 3 - total amount

Streamline bill payments and 1099 filing

Seamlessly forward all your bills to your inbox, collect W-9s, file federal and state 1099-NEC and MISCs, and sync with your accounting software.

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Earn 1.5% on everything you explore

Earn cashback, with credit cards for your team, and stay in control with customized spending limits for each card (and no annual fees).

Extraordinary banking has its perks

Quickbooks logo
QuickBooks30% off for 6 months
AWS logo
AWSMercury members are eligible for up to $5,000 AWS Activate credits
Hatch Bio Labs
Hatch Bio Labs50% off the first month's license fee
Camber Road logomark
Camber Road1% off
Omnisync
Omnisync10% off pro plan for 12 months
opengrants
OpenGrants90% off the OpenGrants platform for a year and 20% off all consulting services

Partnering with industry leaders

At Lactiga, we’re focused on R&D so we want to minimize time spent on banking. Mercury’s intuitive dashboard and long list of (free!) payment options has helped us quickly transfer funds by wire, ACH, and check – even internationally – and it all feels so easy.

Viraj Mane, PHD

Co-founder & CSO, Lactiga

Frequently asked questions

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 here.For more information on eligibility and required documents, please see this article.

Mercury business banking is free to use. There are no account minimums, overdraft fees, monthly fees, or account opening fees. However, certain advanced features may incur fees. These include: making mass payments on our API, accessing Mercury Treasury account management, making non-USD business debit or credit card transactions, exchanging money in non-USD currencies, and sending USD internationally with optional premium processing. Customers have the option to select a paid plan (starting at $35/month) for access to these advanced payment workflows, including more invoicing features, our enriched NetSuite automations, and reimbursing out-of-pocket expenses for more than 5 active users per month. Learn more about pricing here. If your business doesn’t need access to these advanced financial workflows quite yet, don't worry. Our business checking and savings bank accounts are free for everyone. Anyone can send payments from their Mercury account without subscribing to a paid plan. When you're ready, you can upgrade to access the advanced features at the price point that makes sense for your company and volume of business.

As a Mercury customer, you have the option to send USD international wires for free. We offer two options for how those wires are processed. The first, coded as SHA, is standard among most banks and while free to you, may result in intermediary bank fees that are absorbed by your recipient. The second, coded as OUR, gives you the option to pay a flat fee of $15 so that any intermediary fees will be charged back to Mercury, making it more likely your recipient will receive the full amount.

Your checking and savings deposits are held in your name across a sweep network of multiple regulated banks. Through this program, we’ve upgraded the FDIC insurance on Mercury checking and savings accounts to up to $5M — 20x the per bank limit.In addition to working with our banking partners to keep your funds secure, Mercury’s world-class fraud engineering and compliance teams work together to build tools and processes that spot suspicious activities and stop them in their tracks.

Mercury checking and savings deposits are FDIC-insured up to $5M through our partner banks and their use of sweep networks. As a broader effort, we are working on expanding all coverage even further. You can learn more about FDIC insurance here.

Even though opening a Mercury account is free, we make money in a number of different ways. We earn interest on deposits, foreign exchange processing on international wires, and fees paid on Mercury Treasury and Mercury Venture Debt. Additionally, when you use your debit card or IO credit card, Visa and Mastercard charge a fee to the merchants — we receive a percentage of this fee, known as interchange. We also have subscription revenue from our financial workflows products and Mercury Personal.

Mercury is fully integrated with accounting tools like QuickBooks Online, Xero, and NetSuite, allowing you to sync your transactions. Additionally, you can authorize wire drawdowns, most commonly used for payroll processing, with payroll providers such as Gusto, Sequoia One, ADP, and TriNet. Mercury is also compatible with payment processors like Stripe, Square, Shopify, and Paypal.

Open your account in 10 minutes or less

Get started with banking you can trust with your breakthrough.
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Disclaimers and footnotes

Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. Deposit insurance covers the failure of an insured bank.