What it is
Mercury offers US business checking and savings accounts, cards, invoicing and treasury products designed for startups, with banking services provided by partner banks. There are no monthly fees on the core account.
Who it suits
US startups and tech companies that want startup-shaped banking with treasury options.
Regulation and protection
Financial technology company; banking services by FDIC-member partner banks.
How it charges
No monthly fees, no minimum balance and free ACH and domestic wires on the core account. Revenue comes from treasury yield and card interchange rather than account fees; paid tiers add finance-team features.
Getting started
Apply online with your US formation documents and EIN. Founders abroad can apply, subject to country restrictions. Expect a few days for approval; venture-backed companies tend to move faster.
At a glance
- Free plan
- Yes
- Multi-currency
- USD-centric
- Accounting sync
- Yes
- Is a bank
- No (partner banks, FDIC via sweep)
- Headquarters
- San Francisco
- Founded
- 2017
Strengths
- Built for startups: cards, treasury, investor-friendly features
- No monthly fees
- Clean software and API
Watch for
- US companies only
- Not itself a bank
Readers ask2 questions answered
Is Mercury a bank?
No. Mercury is a financial technology company; banking services are provided by partner banks, with FDIC pass-through coverage via sweep networks.
Can a non-US founder open a Mercury account?
Mercury serves US-incorporated companies; founders can be abroad, but some countries are excluded. Check eligibility before applying.
How it comparesIts standing in 1 comparison
Best for venture-backed startups
- Free plan
- Yes 2 of them share this
- Is a bank
- No (partner banks, FDIC via sweep) 1 provider in this comparison
- Multi-currency
- USD-centric 1 provider in this comparison
- Accounting sync
- Yes 4 of them share this
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