As a Globalfy customer, we provide you with a direct application link to Mercury, increasing your chances of opening an account with them.
However, it's essential to note that you must still submit all of your company’s documents and information to Mercury for review. To assist you in this process, we've prepared a step-by-step guide on how to apply:
First. Go to our page with the Mercury to start the application: mercury.com/partner/globalfy
Then click on “Open account”.
After this, enter your name, last name, email and password*:
*Please note that this will be the email address and password that you will use in the future to enter your account and follow up the application stage. Therefore, please ensure to enter this information correctly, as any errors will result in delays during the process.
Moving forward, you will need to enter the legal name of your company and set up a callsign*.
*The callsign will be the website address of your bank account (URL), which can be modified as you please.
And if your call sign is already taken, you will get an alert indicating to enter a new name for it.
Then you will need to confirm if your business falls into one of the following categories that you must select according to the activity of your company:
*If your company is not involved with any of the categories, you can click on the blue button “None of the above”.
Then you will start the 5 steps of the application and see this page:
You must complete all the information for the 5 stages.
1st stage:
Here you must fill, the legal business name of your company, and confirm if it has a doing business as.
To know better what a “doing business as” is, kindly refer yourself to this article of our blog if you don’t have a DBA you can skip this step.
Country of incorporation will be the United States.
In phone number, you must enter a number where the bank can call you if necessary. It can be either an US number or a number from your country. The important thing here is that the bank can get in touch with you easily at that number.
In “Employer identification number” you enter your EIN number. If you don’t remember the number or don’t have the document, you can get in touch with our customer support here, and we will provide the document to you.
In “Company website” you can enter your company website, but if you don’t have one yet, you can skip this step since it is optional.
In “Company type” you can select the structure of your company, that can be either of the following:
If you are unsure of your company’s structure, you can get in touch with our customer support team here, and we will assist you with this question.
- In “Industry” please select the category that better describes the operation of your company.
- In “Tell us about what your company does” please share a brief but complete description of the activities that your company does.
- In “Major Investors” if you have any US major investor please select the category, if you don’t please skip this option.
2nd stage:
Company address:
In “Company address” you must enter the information of your business address in the US that is the same address that appears in your formation documents.
Then in this part of the application:
Enter the address where you work the most, it can be either in the US or an address from abroad. If your offices are located outside the US, you can put your business address in your country or also your residential address.
3rd stage:
Here, you must enter the details of any member in your company with at least a 25% of ownership.
In “Job tittle” please enter the position of the member that you are adding, it can be any of the following: (This is just informative).
For every member, you will need to fill out the following information, so please make sure that you have all the details before submitting the information:
To add more members, you need to click on “Add another owner profile” after filling out all the information of the prior member and follow the same steps as before:
When you finish adding the members, you can click on the checkbox below.
And then click on Next to move on with the application.
4th stage:
In “Company documents” you must upload your company documents such as:
- EIN letter.
- Certificate of formation/Articles of organization.
- Operative agreement.
For the certificate of formation/Articles of organization, you can click on Document type’s drop-down menu and choose the option that is best for you:
*You can select Articles of organization here, as this is the document provided by Globalfy when your company was formed. (It is called “Certificate of formation” in some states, kindly select the option according to your state document).
Then attach the document in this box:
And lastly, do the same for the EIN official letter:
If you don’t have your company formation documents, please feel free to contact our customer support team here and request for these documents.
5th stage:
Please fill out the information requested and click on “Review your application”.
You will have a last chance to review all the information that was submitted by you. If everything is ok, you can click on “Review your application”.
The Mercury normally takes between 3-4 business days to review your documents and give you an answer by email, so it is important to be attentive to your email during this time.
Also, if any document was not correctly uploaded or if the Mercury’s requires more details of your business, they will also get in touch with you by email requesting this information.
After this, you will receive an email with the results of the application. If approved, you will have access to your bank account immediately, and you can enter using your email address and password previously set up.
For any queries during this process, check out the Mercury FAQ section for detailed answers to common questions. Mercury offers various banking features for startups, including FDIC-insured accounts up to $5 million, ensuring your funds are safe and secure.
If you still have any questions or need further assistance regarding this topic, we are available to assist you. Simply click here to submit your support request and our team will assist you.