Overview

• Mercury is a U.S.-based fintech company (founded in 2017, San Francisco) that offers business banking services targeting startups and small businesses via partner banks (Choice Financial, Evolve Bank, Column)
  It provides FDIC-insured accounts (up to $5 million) without monthly fees and supports multi-state U.S. and select international entities

Services Offered

• Business Checking & Savings: No fees, no minimum balances, with interest on savings .
• Domestic & International Payments: Free wires (domestic/international), ACH, checks .
• Corporate Cards: Physical and virtual debit cards with customizable limits and team access
• Treasury Features: Sweep network for FDIC insurance, API access, invoicing, bill-pay, integrations with Stripe, Plaid, accounting software

Required Documentation for Bank Account Opening

A. Company-Level

• Articles of Incorporation/Organization (US states or qualifying international entities)
• EIN confirmation (IRS CP-575, 147C, or SS‑4 form) — mandatory for U.S. entities
• S. business address (registered agent acceptable); foreign address OK for operations

B. Ownership & Identity

• Passport or U.S. government ID (driver’s license, passport card) for each owner with ≥ 25% equity
• Proof of owner’s address (utility bill or bank statement), sometimes requested
• Company details: business description, industry, source of funds, expected US operations

Account Opening Process

1. Start Online: Register via Mercury’s site—enter email, callsign (account alias), and basic company info
2. Complete KYC: Upload business docs (articles, EIN), IDs for each ≥25% owner; selfie and live verification typically required
3. Provide Details: Company address, ownership structure details, business activity, expected transaction volumes, and U.S. operations plans .
4. Underwriting Review: Automated + manual check; Mercury may request proof of operations within 6 months for foreign founders
5. Approval & Funding: Within 1–3 business days (or up to 4 weeks), you’ll receive login credentials, virtual account, and can deposit funds — no minimum deposit required
6. Card Delivery: Physical debit card shipped internationally within ~2–5 weeks; virtual cards available immediately

Mercury (via Choice Financial / Evolve Bank / Column N.A.) Account Opening Summary