Mercury
Modern business banking for startups and small businesses. Popular among non-resident founders but has increased compliance requirements.
Last verified: June 12, 2026Data Incomplete
Key Facts
Data sourced from official vendor pages. See claims table below for individual sources.
Pricing
| Plan | Price | Billing | Includes |
|---|---|---|---|
| Standard | $0 | monthly | Business checking account, Debit cards, ACH transfers... |
| Plus | $35 | monthly | All Standard features, Enhanced treasury yield, Priority support... |
Pros
- No monthly fees or minimum balance
- Modern interface designed for startups
- Treasury product for earning yield on deposits
- Good integration with accounting tools
Cons
- Stricter compliance since 2024—may reject some applications
- May not accept registered agent addresses
- Crypto restrictions in place
Who Should NOT Use Mercury
- Founders in high-risk countries (higher rejection rate)
- Crypto exchanges or high-volume crypto businesses
- Those with only an RA address (may need virtual mailbox)
Alternatives to Mercury
Frequently Asked Questions
Can non-US residents open a Mercury account?
Yes, but you need a US-registered business entity (LLC or Corp) with an EIN. Mercury has increased compliance requirements since 2024.
Does Mercury accept registered agent addresses?
Mercury has become stricter about addresses. Recent reports suggest they may not accept RA-only addresses—you may need a virtual mailbox or physical address.
Is Mercury free?
Yes, Mercury has no monthly fees for their standard business checking account. There are no minimum balance requirements.
How long does Mercury approval take?
Approval can take 1-14 days depending on your documentation and country of residence. Some applications require additional verification.
Is Mercury crypto-friendly?
Mercury has restrictions on crypto businesses. They may reject applications from crypto exchanges or businesses with high crypto transaction volumes.
Data Sources
Every fact on this page is backed by a source. Here are the claims we've verified:
| Claim | Value | Status | Last Checked |
|---|---|---|---|
| Mercury standard account monthly fee | 0 USD/month | Verified | Jun 12, 2026 |
| Mercury Plus account monthly fee | $35/month billed monthly ($29.90/mo billed annually) | Verified | Jun 12, 2026 |
| Mercury supports non-US residents with US entity | true | Not Yet Verified | Jun 12, 2026 |
| Mercury may reject RA-only addresses (stricter compliance since 2024) | true | Community Reported | Jun 12, 2026 |