Mercury logo styled as a lock in three concentric circles.

Banking with built-in peace of mind

Keep your funds, data, and account safe and secure with multiple layers of advanced protection.
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Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC. Deposit insurance covers the failure of an insured bank.

Why 200K+ businesses
bank on Mercury

Profitable since June 2022

We’re focused on sustainable growth.

Up to $5M in FDIC insurance

Made possible through our partner banks’ sweep networks.

97%+ of deposits are FDIC-insured

Our customers’ checking and savings deposits are almost completely insured.

How we keep your funds safe

Your deposits are held in your name

Every Mercury account is structured as an individual demand deposit account (DDA), giving you full ownership, transfer rights, and FDIC insurance eligibility by law — with no middleware in between.

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Demand deposit accounts

Never lose sight of
your funds’ protection

With Mercury Vault enabled on every account, you have an automatic and up-to-date view on exactly how your
funds are protected.

Diversified by design

We spread your deposits across a network of FDIC-insured banks via our partner banks’ sweep networks. The result is your team’s optimal, diversified banking setup — all through a single dashboard.

Learn How Mercury Works

How we protect your account

Automated fraud monitoring

Our world-class fraud detection and compliance teams work together to build tools and processes that spot unusual activities and stop them in their tracks.

Uncompromising MFA

We enforce multi-factor authentication across all your accounts using methods like Touch ID, never settling for insecure options like SMS.

Proactive protection

We use device verification to ward off phishers and services like HIBP to keep leaked credentials from being reused.

Dark web monitoring

To prevent fraud attacks, we monitor the dark web for phishing domains, infostealers, malware, and account sales.

Robust ACH authorization

Designate which vendors can initiate ACH debits from your account and receive notifications about any unauthorized payments.

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Controls that keep you in control

Example of user permissions with ability to use. a card and add transaction attachments

Set user permissions

Give the right level of access to the right people by assigning tiered user permissions to co-founders, accountants, and employees.

Your data. Your eyes only.

Some things should always be kept private. That’s why we go the extra mile to protect your data.
Trust Center

Stress-tested by the best

On top of regular internal and external audits, we pressure test our own security system through bug bounty programs and red team assessments. With ongoing employee trainings, we emphasize security as a shared responsibility across the company.

Conceptual illustration of Mercury's approach to proactive auditing

SOC 2 Type II compliance

Our security protocols and processes are first rate, and we undergo rigorous independent auditing to maintain them.

Robust encryption

We use strong, industry-standard protocols to keep your data safe and confidential, at rest and in transit.

PCI standards

We understand how important your credit card information is and we uphold PCI compliance to ensure it stays safe.

You have questions.
We have answers.

Mercury works with three FDIC-insured banks, Choice Financial Group, Column N.A., and Evolve Bank & Trust. You can locate your Mercury account’s banking provider by logging in and viewing the banking partner listed on your Mercury statements.Through each of our partner banks, Mercury customers get access to a sweep network of trusted banks. This sweep network provides up to $5M in FDIC insurance by automatically spreading your deposits across up to 20 different banks, without requiring you to open and manage separate bank accounts.Our Treasury product is offered through an additional partner, Apex Clearing Corp, who is a FINRA-regulated broker-dealer. The mutual funds that you can invest in through Mercury Treasury are managed by Morgan Stanley and J.P. Morgan.

Sweep networks are a way for customer deposits to be spread across a network of banks. Sweep networks aren’t investment funds — accounts held across the network are treated similarly to money in a typical bank account.

At Mercury, rather than holding deposits with a single banking partner, we give you the choice to opt in to our partner banks’ sweep programs, which then spreads your deposits across a network of established FDIC-insured program banks.

For example, if the partner bank on your Mercury account is Evolve Bank & Trust and you’re opted into Evolve’s sweep program, less than 10% of your Mercury deposits are actually held at Evolve. The majority of your funds are held across several other FDIC-insured banks in Evolve's sweep network. For a full list of banks within our partner banks’ sweep networks, you can review Evolve Documents, Column N.A. Documents, and Choice Documents on our Legal page.

As a financial technology company, Mercury is subject to a number of regulations that are standard across the financial services industry, including know your customer (KYC) and know your business (KYB) obligations, anti-money laundering (AML) rules, and the Office of Foreign Assets Control (OFAC) sanctions. 

Likewise, our banking and service partners such as Evolve Bank & Trust, Choice Financial Group, Apex Clearing Corp, Wise, and others are subject to rules and regulations specific to their business type. We work closely with our partners to comply with applicable laws and regulations so that we can provide the best customer experience possible.

Your Mercury Treasury account is held in your name at our partner, Apex Clearing Corp, a FINRA-regulated broker-dealer that has been in business for over 40 years. This means that every time a customer signs up for Mercury Treasury, we open an account in their name at Apex, which holds their funds in custody. A few other things to note about Apex:
  • It maintains a detailed record of each Treasury customer’s holdings and is prohibited from using any of these funds or securities for its own purposes — or from commingling them with its own customers’ holdings.
  • It is regulated by the SEC and FINRA.
  • It is regularly audited and must publish its financial statements to the public.
  • It is required to keep excess capital on hand to ensure customer deposits are protected.
We’ve worked with experienced regulatory counsel to set this up. Regardless of what happens to Mercury, any funds and securities held at Apex will remain safe and accessible.

Funds invested via Mercury Treasury are protected in several ways:
  • Your Mercury Treasury account is held in your name with our partner, Apex Clearing Corp. Apex Clearing Corp maintains a detailed record of each Treasury customer’s holdings and is prohibited from using any of these funds or securities for its own purposes, and from commingling them with its own customers’ holdings. Because assets are held in your name, they remain available to be transferred to an account at another broker in any of the following events:
    • Mercury bankruptcy, financial instability, sale or acquisition
    • Apex bankruptcy, financial instability, sale or acquisition
  • Apex is regulated by the SEC and FINRA, and is regularly audited and must publish financial statements to the public. Apex is also required to keep excess capital on hand to ensure customer deposits are protected.
  • Mercury Treasury offers two mutual funds that invest in lower-risk, short-term debt securities, such as Treasury bills, municipal debt, or corporate bonds. See the fund prospectuses for details on each fund’s holdings:
  • Mercury Treasury accounts are covered by the Securities Investor Protection Corporation (SIPC) insurance. This applies in the event that assets are lost or missing from a customer’s accounts during the time a financially-troubled or failed brokerage firm is being unwound. SIPC protects $500,000 worth of securities and cash, with maximum protection for cash of $250,000 and $250,000 in investments.

SOC 2 is an intensive auditing procedure that an independent third party uses to evaluate Mercury’s security, confidentiality, and systems availability. This assessment covers everything from background checks on our personnel to evaluations of our system architecture.

Mercury is SOC 2-compliant, meaning you can have confidence in our operations and service commitments — and peace of mind that we take pride in them. If you need our SOC 2 report for your own compliance records, reach out to us at [email protected] and we’d be glad to help.

Mercury makes security a top priority. Here are some measures we take to ensure your security:
  • Require HTTPS on all pages, and use HSTS to ensure browsers only ever connect to Mercury over a secure connection.
  • Employ a third party to perform penetration testing each year to check for vulnerabilities.
  • Hash and store all passwords with the bcrypt algorithm — never as plaintext.
  • Use time-based one-time passwords for two-factor authentication. We never send authentication codes via insecure channels like SMS.
  • Encrypt our database and all uploaded images, with additional encryption for sensitive data like social security numbers.
  • Never store your debit or credit card numbers.
Learn more on our Security page.

To report a security vulnerability or join our bug bounty program, please contact [email protected].

Experience a new standard
in banking security

Build with complete confidence when you start banking with Mercury.
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Disclaimers and footnotes

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