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Guide to Mercury’s benefits and features for businesses

In today’s business world, traditional banking is no longer enough. Companies need fast, secure, and flexible solutions that keep pace with their growth. This guide provides a comprehensive overview of Mercury’s benefits, features, and tools designed to help your business thrive.

What is Mercury? 

Mercury is a financial technology company (fintech) that makes business banking simple and fully digital. Designed for startups, small businesses, agencies, remote companies, and freelancers, it provides business accounts with no hidden fees, modern financial management tools, and services delivered through trusted partner banks — Choice Financial Group, Column N.A., and Patriot Bank — all FDIC members in the United States.

Security

  • Coverage up to USD $5 million through FDIC insurance.
  • Protection via partner banks and Sweep Networks.
  • Advanced fraud and phishing prevention technology, with multi-factor authentication (MFA).
  • Multi-user controls: assign roles, permissions, and restrictions, with full visibility of transactions.

Advantages and Features

  • Fast, fully online account opening.
  • Business checking and savings accounts.
  • No monthly fees, no overdraft penalties, and no minimum balances.
  • Budget setup for teams and departments.
  • Automations and custom shortcuts to save time and reduce errors.
  • Integration with platforms like Stripe and Shopify.
  • Built‑in invoicing: create and send professional invoices directly from the Mercury app.
  • Interactive demo available: explore Mercury’s dashboard and features before signing up at demo.mercury.com.

Physical and Virtual Cards

  • Unlimited issuance of debit and credit cards (physical and virtual).
  • The Mercury IO Card is issued by Patriot Bank, FDIC member, under a Mastercard license.
  • Full control: set spending limits and manage transactions in real time.
  • Ideal for distributed teams and projects with specific budgets.

Check Deposits

  • Mercury allows deposits of U.S. bank checks via remote deposit from the dashboard (Add Funds flow).
  • Initial deposit limits depend on company verification and transaction history, but can be adjusted.
  • eChecks are not accepted.

Free Transfers

  • Domestic ACH and Wire: 0–1 business days.
  • International USD transfers: 1–3 business days.
  • Checks: delivery in 7–10 business days and receipt in 5 business days.

Treasury

  • Earn up to 3.80% annually with Mercury Treasury, available for accounts with a minimum balance of $250,000.
  • Centralized management: no need to move funds across different platforms to generate returns.

Eligibility for Non-U.S. Residents

  • Mercury supports U.S. companies founded by entrepreneurs from anywhere in the world.
  • It also accepts entities based in the Cayman Islands, British Virgin Islands, and United Arab Emirates, as long as they have existing or planned operations in the United States.
  • To open an account, businesses must provide a valid U.S. or international business address.
  • Residential addresses are allowed, but the following are not accepted: 
    • PO boxes
    • UPS addresses
    • Registered agent adresses

Accepted Businesses

  • Mercury accepts most U.S. businesses, but does not support:
    • Money services businesses.
    • Adult entertainment, cannabis, or online gambling companies.
    • Trusts.

  • The platform is best suited for technology-oriented companies and is not ideal for businesses that frequently handle cash.

Customer Support

  • Mercury’s support team can be reached via chat, email, or form through its official site.
  • Requests are reviewed and answered promptly.