Pricing, Moving Your Money & More
Have questions about Mercury? Check out our FAQs for answers to common questions about using Mercury and our services.
/favicon.ico
Mercury was founded with the idea of making banking better for startups. We spent our first five years creating a powerful bank account that made banking feel less like an obstacle and more like a catalyst.Now, we’re building software to run all your financial operations from that powerful bank account so your company can perform at its best — that means more precision, more control, and more focus. We call it “operational excellence.”We offer:

Checking and savings accounts with no monthly fees

The protection of up to $5M in FDIC insurance through our partner banks and their sweep networks

Debit and credit cards for your whole team

Wires, ACH, and check payments

Treasury management and venture debt options

Time-saving finance automations, including bill pay, invoicing, accounting automations, and coming soon, reimbursements

Customizable permissions that keep you in control

The knowledge, network, and connections you need

An experience over 200K startups love

You’ll need a U.S. company with a federal EIN, your company’s official formation documents, and a picture of your government ID (e.g., a passport or U.S. driver’s license).Customers must have some type of existing or planned operations in the U.S. and a U.S. or international address for their principal place of business. This can be a residential address, but may not be a registered agent, PO box, or UPS box address. Our customer base includes startups and ecommerce companies, as well as venture capital firms with entities in the Cayman Islands, British Virgin Islands, and United Arab Emirates. Upon applying, we’ll review to ensure you have up-to-date formation documents and otherwise satisfy our onboarding requirements.We cannot currently support accounts for businesses with founders or financial controllers living in the countries and regions listed here.

Yes, we’re proud to support U.S. companies founded by people across the globe, as well as founders and venture capital firms with an entity based in the Cayman Islands, British Virgin Islands, and United Arab Emirates. Customers must have some type of existing or planned operations in the U.S. and a U.S. or international address for their principal place of business. This can be a residential address, but may not be a registered agent, PO box, or UPS box address.We cannot currently support accounts for business with founders or financial controllers living in the countries and regions listed here.We’d love to support residents of more countries over time, so let us know at [email protected] if you live in one of the above countries and we’ll let you know if anything changes.

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.

Mercury business banking is free to use. However, certain advanced features may incur fees. These include: making mass payments on our API, accessing Mercury Treasury account management, exchanging money in non-USD currencies, and sending USD internationally with optional premium processing. There are no account minimums, overdraft fees, monthly fees, or account opening fees.Customers have the option to select a paid plan (starting at $35/month) for access to these advanced payment workflows, including more invoicing features, our enriched NetSuite automations and the ability to pay all monthly bills from Mercury. Learn more about pricing here. If your business doesn’t need access to these advanced financial workflows quite yet, don't worry. Our business checking and savings bank accounts are free for everyone. Anyone can send payments from their Mercury account without subscribing to a paid plan. When you're ready, you can upgrade to access the advanced features at the price point that makes sense for your company and volume of business.

While anyone can send payments from their Mercury account without subscribing to a paid plan, using Mercury Bill Pay gives you more precision and control and allows you to pay bills more efficiently. Using AI, Mercury Bill Pay automatically extracts data so there is no need to copy and paste invoice information. Bill Pay allows you to receive bills to a dedicated bill inbox, which helps you manage and prioritize your unpaid bills, organizing them by approval status and due dates. Lastly, Bill Pay allows you to sync your bill data directly to your accounting software.

As a Mercury customer, you have the option to send USD international wires for free. We offer two options for how those wires are processed. The first, coded as SHA, is standard among most banks and while free to you, may result in intermediary bank fees that are absorbed by your recipient. The second, coded as OUR, gives you the option to pay a flat fee of $15 so that any intermediary fees will be charged back to Mercury, making it more likely your recipient will receive the full amount.

Mercury works with two FDIC-insured banks, Choice Financial Group 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 Vanguard.

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.

Yes, you can send international wires in 30+ currencies by going through the Send Money flow in your Mercury dashboard. As a Mercury customer, USD international wires are free for you to send, and for $15, you also have the option to send a type of wire designed to cover any transaction fees your recipient incurs. Non-USD wires incur a transparent 1% currency exchange fee to help cover the cost of processing.Companies formed outside the US are not able to use the international wire features at this time.

As a Mercury customer, you have the option to send USD international wires for free. We offer two options for how those wires are processed. The first, coded as SHA, is standard among most banks and while free to you, may result in intermediary bank fees that are absorbed by your recipient. The second, coded as OUR, gives you the option to pay a flat fee of $15 so that any intermediary fees will be charged back to Mercury, making it more likely your recipient will receive the full amount.

Like most business credit cards on the market, IO is a charge card, which means that you will need to pay off your full IO balance every pay period. Your pay period may be daily or monthly, depending on the average cash balance in your Mercury account. We’ll automatically deduct your full balance from your chosen Mercury account on a date of your choosing. You can also pay off your card early at any time.

Mercury has a startup-friendly underwriting model — we understand that our customers may be newly incorporated, retain low cash balances, and have limited credit or banking history. Because all IO customers hold cash within Mercury, we can more accurately understand your financial position, and offer a higher credit limit than what is typically offered to startups by traditional banks.

Your credit limit will be determined by your Mercury account balance. Your limit might increase as your Mercury balance increases, but your credit limit may also decrease. Currently, we reassess your business limit following large withdrawals and deposits.

We don’t charge annual fees or foreign exchange fees on IO cards . And because you’ll pay off your IO card automatically each month, you won’t incur any interest.Customers have the option to select a paid Mercury plan (starting at $35/month). IO card features are free to use, though if you want to use our enriched NetSuite accounting automations to sync your IO card transactions to NetSuite, you’ll have to upgrade to a paid plan. QuickBooks and Xero enriched automations, as well as the ability to import bank feed connections across QuickBooks, Xero, and NetSuite, are free. Learn more about pricing.

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:

Vanguard Treasury Money Market Fund (VUSXX) is 99.5% invested in U.S. government-backed securities. It is one of the most conservative investment options offered by Vanguard.

Morgan Stanley Ultra-Short Income Portfolio (MULSX) is a mutual fund that invests in highly-liquid instruments such as commercial paper and Certificates of Deposit. It carries the highest Fitch rating for underlying credit quality and very low sensitivity to market risk.

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.

Mercury Bill Pay is an automated accounts payable solution that allows you to easily manage all your company’s bills with precision. Paying bills out of your Mercury account means that there is no middleman, giving you more visibility and control of your funds from end to end. You eliminate third-party processing of your funds and hold on to your money longer. Receive or drag and drop bills into your bill inbox and we'll automatically populate bill details for you and detect any duplicate invoices. Approve bills effortlessly and prevent unauthorized payments with a pre-approved vendor list.

All customers can process five free bills per month, but also have the option to upgrade to a paid plan (starting at $35/month) in order to pay more bills, as well as unlock certain capabilities like more invoicing features and our enriched NetSuite accounting automations. Learn more about pricing here. If your business doesn’t need access to these advanced financial workflows quite yet, don't worry. Our business checking and savings bank accounts products are free for everyone. Anyone can send payments from their Mercury account without subscribing to a paid plan, and when you're ready, you can upgrade to access the advanced features at the price point that makes sense for your company and volume of business.

While anyone can send payments from their Mercury account without subscribing to a paid plan, using Mercury Bill Pay gives you more precision and control and allows you to pay bills more efficiently. Using AI, Mercury Bill Pay automatically extracts data so there is no need to copy and paste invoice information. Bill Pay allows you to receive bills to a dedicated bill inbox, which helps you manage and prioritize your unpaid bills, organizing them by approval status and due dates. Lastly, Bill Pay allows you to sync your bill data directly to your accounting software.