Offer value details
Mercury describes business banking with free checking and savings accounts, virtual cards, free domestic and international USD wires, scheduled and recurring payments, approvals, permissions, accounting integrations, and startup perks.
Qualification requirements
Mercury's FAQ says applicants need official company formation documents, IRS-issued EIN documentation, government ID for at least one person with operating control and any owner with at least 25% ownership, plus company and owner information. Customers must be formed and registered in the United States or a U.S. territory and have existing or planned U.S. operations.
Fees and costs
Mercury says business banking is free to use with no account minimums, overdraft fees, monthly fees, or account-opening fees. Certain advanced features can incur fees, paid plans start at $35/month, non-USD currency exchange has a 1% conversion fee, and the optional OUR international USD wire instruction costs $15; intermediary banks can still deduct fees from free SHA wires.
Availability
Mercury says 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 principal place of business address that is not a registered agent, P.O. box, or UPS box. Unsupported countries and regions, onboarding review, and account approval still apply.
What to verify
- Base account terms, pricing, and feature scope can change.
- Mercury is a fintech company, not an FDIC-insured bank.
- FDIC coverage depends on partner-bank, sweep-network, ownership, and insured-bank-failure conditions.
- Paid workflows, foreign currency exchange, premium international wire processing, Treasury, and card products can add separate fees or eligibility requirements.
- Unsupported countries, control-person residency, business documentation, and onboarding review can prevent approval.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.