Mercury Bank Interactive Demo
Explore a product demo of Mercury, Mercury is a financial technology company that provides business banking services tailored for startups, offering FDIC-insured accounts, debit/credit cards, treasury management, and venture debt through partnerships with regulated banks.
What is Mercury Bank?
Mercury is a digital business banking platform designed specifically for startups and technology companies. Founded in 2017 by Immad Akhund, Mercury provides FDIC-insured business checking and savings accounts with a modern, developer-friendly interface and features built for the needs of venture-backed and bootstrapped startups.
Mercury differentiates from traditional banks with instant account opening (no branch visits), no minimum balance requirements, free wire transfers, multi-user team access with role-based permissions, API banking integrations, and a clean dashboard that shows real-time cash positions.
Mercury's Vault product sweeps cash into Treasury bills for yield. Mercury IO provides corporate cards and credit lines. The platform is the default banking choice for Y Combinator companies and is recommended by most top startup accelerators.
How to get started with Mercury Bank
- 1
Apply online
Go to mercury.com and apply for a business account. The application takes about 10 minutes and is entirely online. You'll need business formation documents (EIN, incorporation certificate) and owner ID.
- 2
Fund your account
Transfer your initial deposit via wire or ACH from another business account. Mercury accounts are opened with $0 minimum balance — no minimum to maintain.
- 3
Issue team cards
Create virtual and physical debit/credit cards for team members with individual spending limits. Set category restrictions and monthly limits per card.
- 4
Set up bill pay and payroll
Use Mercury's Bill Pay to schedule vendor payments. Connect to Gusto, Rippling, or other payroll tools for seamless payroll funding. Set up ACH and wire transfers for recurring payments.
- 5
Enable Vault for yield
Enable Mercury Vault to automatically sweep idle cash into Treasury bills for yield. Funds remain FDIC-insured and are accessible within 1 business day.
Who is Mercury most useful for?
Early-stage startups that need a business bank account that can be opened online in minutes without branch visits or relationship manager calls. Use Supademo to show your finance team how the Mercury dashboard works for expense tracking, team card management, and invoice payments.
Tech companies that want banking with an API — Mercury's API enables programmatic transfers, balance checks, and transaction history for companies building financial automation.
Remote-first companies that need multi-user banking with role-based access for founders, CFOs, and bookkeepers.
Venture-backed startups that need a professional banking relationship that scales with them through multiple funding rounds.
Alternatives to Mercury Bank
Looking for alternatives to Mercury Bank?
Here are four tools worth evaluating depending on your needs.
Better for expense management and corporate cards with strong spend controls. Brex also offers banking. Mercury has a better core banking product; Brex is better for expense management.
Similar digital banking product with multi-account structure for bookkeepers. Popular with small businesses and agencies. Mercury is more popular with venture-backed startups.
Traditional bank with deep startup relationships, debt financing, and enterprise services. Mercury is better for self-service; SVB (post-acquisition by First Citizens) better for companies needing debt products.
Strong spend management and corporate cards with accounting integrations. No checking account product. Mercury and Ramp are often used together.
FAQs on Mercury Bank
Commonly asked questions about Mercury Bank. Have more? Reach out and our team will be happy to help.
Is Mercury FDIC insured?
Yes. Mercury accounts are FDIC insured up to $250,000 per depositor through Mercury's partner banks. Mercury Vault extends coverage to $5M+ through a sweep network of FDIC-insured banks.
Does Mercury charge monthly fees?
No. Mercury has no monthly maintenance fees, no minimum balance requirements, and free domestic wire transfers. International wires cost $35 outgoing. Mercury generates revenue through interchange on card spending.
Can multiple team members access the account?
Yes. Mercury supports unlimited team members with role-based permissions: Admin (full access), Member (limited), and Bookkeeper (read-only). Each role has different transaction and card management permissions.
Does Mercury work with QuickBooks or Xero?
Yes. Mercury integrates with QuickBooks Online, Xero, and other accounting tools via direct sync or CSV export. Transactions are automatically categorized for easier bookkeeping.
What is Mercury Venture Debt?
Mercury Treasury offers venture debt and working capital lines for startups that have raised venture funding. This is available to later-stage Mercury customers who need runway extension or growth capital.
Can non-US companies use Mercury?
Mercury is available to US-incorporated companies only. The business must be a US entity (Delaware C-Corp, LLC, etc.) even if founders or employees are non-US residents.