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Mercury

MERCURY BANKING ACCOUNT

Get $150 cashback when you open a Mercury bank account with Elevate.store’s deal.


What is it

Plan Details

How to redeem

Why you need it

Alternatives


What is Mercury?

Mercury is the banking stack for online stores. Offering great features for no monthly fees or minimum balance requirements. Get $150 cashback when you open a Mercury bank account for business, or $300 cashback if you use a .Store domain.


Overview

Open a Mercury bank account for business with no monthly charges or hidden fees.


TL; DR

Get checking and savings accounts, physical or virtual debit and credit cards, domestic and international wires and more with a Mercury bank account. No minimum balance or monthly fees.


Everything that’s included with a Mercury bank* account for business

FEATURE INCLUDED
ACCOUNT OPENING
MONTHLY FEES
CHECKING ACCOUNT
SAVINGS ACCOUNT
DEBIT CARD
CREDIT CARD (FREE FOR 1 YEAR)
SENDING & RECEIVING DOMESTIC WIRES FOR FREE
SENDING & RECEIVING INTERNATIONAL WIRES FOR FREE
1% CURRENCY EXCHANGE FEES**
TEAM MANAGEMENT
PAYMENT MANAGEMENT
THIRD-PARTY INTEGRATIONS
FDIC INSURANCE UP TO 250K

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC. **Contact Mercury to discuss rates if you’re processing >$200K/month.


Plan Details Icon

No monthly fees

Free FDIC-insured checking and savings accounts. No minimum balance or monthly fees.

International Wires

Enjoy free international wires, pay only 1% as a currency exchange fee, and choose from multiple payment options like ACH, checks, and more.

Issue Debit and Credit Cards

Easily issue virtual & physical debit and credit cards for your employees with custom limits. Earn 1.5% cashback on credit card spends.

Automate payments

Automate recurring payments, transfers, and other banking busywork for your store. Create 3-click payment flows.

Seamless Integrations

Save time through reliable, seamless integrations with all the tools your store uses, from accounting software to payment gateways.


Mercury bank account features you’ll love


How to redeem this Mercury deal

Step 1 - Select your deal Click on ‘Get Deal’ to get $150 in cashback from Mercury.

Step 2 - Create your account Sign up to get the deal in your Elevate.store account.

Step 3 - Redeem your deal Click on ‘View Code’ to get the discount code. Redeem on the Mercury website.


Why you need a Mercury bank account

It's good practice to have a separate bank account for business expenses. It helps with accounting, taxes and protects you from personal liability. Online-first banking for business also makes operations easier and more cost-effective.

With a Mercury business bank account, you get several banking for business features with added benefits like no monthly fees, payment automation, and venture debt opportunities.


Important Mercury features


What people love about Mercury

The eligibility criteria


How Mercury compares to Mercury alternatives

FEATURE MERCURY BREX
VIRTUAL & PHYSICAL CARDS Both debit and credit cards Only credit cards
CURRENCY EXCHANGE Included, for a low fee of 1% Not included
FREE DOMESTIC AND INTERNATIONAL WIRES Yes No
MONTHLY FEES No No
MINIMUM BALANCE No No

Elevate Plus

Get more with a .Store Domain

Get $300 cashback on Mercury by verifying your .Store domain name after signup.

Benefits


.Store Domains

Over 1M+ business owners have chosen .Store as the domain for their business. Get a relevant, SEO friendly name that instantly tells your customers that you sell.

To learn more or buy your own .Store domain: Visit the Elevate+ page


About Mercury


Frequently Asked Questions

How to open a Mercury bank account?

To open a Mercury bank business account for your online store, you’ll first need to register your online store as a business in the US and get an Employer Identification Number or EIN. These are compulsory requirements to open a Mercury bank account.

Once you have the required documents in place, just go to the Mercury website, submit details like your name, corporate email address, information about your store and open your account! The process takes no more than a few minutes and can be online from anywhere in the world.


Is Mercury Bank* FDIC insured?

Mercury is a fin-tech company that provides banking services through FDIC insured banks like Choice Financial Group and Evolve Bank & Trust®. Your deposits are stored with these banks and therefore de facto insured for the FDIC limit of $250K. You can find out who the banking provider for your online store is by logging into your Mercury business bank account and visiting mercury.com/legal.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.


Is Mercury Bank* legit for online stores?

Mercury is absolutely legit for online stores. It was started to cater to online stores of all sizes and the features or services offered speak to that. A Mercury account costs nothing to own and operate.

Every Mercury business bank account can apply for multiple debit and credit cards, both physical and virtual, for any employees or partners in the business.

It allows for domestic and international wires, currency exchange at the low fees of 1% and can help you automate vendor payments to take the stress of payment management off you.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.


Is Mercury Bank* safe?

Yes! It is safe for you to bank with Mercury. Here are a few key features to illustrate that.

Mercury has heavy encryption on every page, it offers two-factor authentication with time-sensitive codes and ensures an annual third-party check for possible loopholes in their system. Mercury uses a bcrypt algorithm to encode stored passwords for advanced security.

What’s more, all deposits at Mercury are insured up to the FDIC limit of $250K.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.


Is Mercury a US-based bank*?

Yes, Mercury is based in the US. To be eligible to open a Mercury bank account, you need to have a business registered in the US with a federal EIN or Employer Identification Number. Mercury bank account holders can also access Mercury Treasury, an automated cash management account that lets you invest in U.S. Government securities and money market funds.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.


Does Mercury Bank* provide debit cards?

Mercury does provide virtual and physical debit and credit cards. In fact, for each account, you can create as many debit or credit cards as you need.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.


Does Mercury Bank* offer loans?

Yes, Mercury does offer loans to online stores. In fact, Mercury was specifically created to help new businesses and online stores with banking and fund raising. Mercury bank account holders can be a part of Mercury Raise and connect with the top Venture Capitalists in the country.

Mercury bank account holders can also get a shot at VC debt. Businesses can put their pitch documents together with Mercury's help so that the business has a higher chance of appealing to a VC and getting the loan it needs.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.


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Mercury $150 Back Mercury Banking Account View Details $150 Cashback

Get Deal Get $300 Cashback instead if you use a .Store Domain


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Frequently Asked Questions

How much does a Mercury bank account cost?

Opening a bank account for business is free with Mercury. They charge zero monthly fees, there are no minimum balance requirements and with Elevate.store’s deal, you can get a $150 cashback on opening an account.

Get the deal here or get our Set-up Pack for deals on Mercury and other relevant tools to setup an online store.


Frequently Asked Questions

What are the tools needed to set-up an online store?

Other than XYZ, you'll need a productivity suite and branded email ID, a graphic design tool, a business formation service, a business banking account, a logo maker and a .Store domain name.

Additional Resources

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Note

Mercury is a financial technology company, not a bank. Banking services are provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.