Business review / United States
Mercury Technologies, Inc. is a financial-technology company, not an FDIC-insured bank. Its US business platform can connect an eligible company to checking and savings at a partner bank, payment workflows, bank-issued debit cards, a separately issued IO charge card and a separately governed Treasury investment service. This review keeps each relationship and protection boundary visible.
Direct answer
The evidence-backed core is checking and savings through a customer-specific partner bank, with ACH, domestic and international wires, mailed checks, bill pay, invoicing, debit cards, team permissions, approvals and accounting connections. The core tier is listed at zero dollars per month with no Mercury monthly, overdraft or minimum-balance fee. That does not make every action free: foreign-currency transfers and card purchases, premium processing, subscription workflows, API mass payments, Treasury, IO conditions, operators and third parties can introduce separate costs.
The strongest fit is a company whose money already moves electronically. Mercury does not accept cash deposits through its partner-bank branches. Physical debit cards can withdraw cash at compatible ATMs, but the current published per-card and business-wide ceilings, business-day reset, operator charges, network rules and currency conversion still apply. A retail business that regularly takes notes and coins needs a documented cash-deposit path elsewhere rather than assuming a partner bank's branch will accept a Mercury deposit.
Interactive US review lens
Mercury is not the bank, exact account-bank assignment is customer-specific, and general eligibility never guarantees approval or a feature limit.
SRC-MERCURY-US-LEGAL · SRC-MERCURY-US-PRICING · SRC-MERCURY-US-BUSINESSLegal and product structure
The current customer statement, product agreement and transaction screen control when a public page lists several possible institutions.
Mercury supplies the interface and financial workflows. It states that it is a fintech, not an FDIC-insured bank. The Mercury brand must not inherit the charter, FDIC membership or product obligations of a partner bank.
Current legal and business-disclosure summaries name Choice Financial Group and Column N.A. The current business-banking FAQ also names Evolve Bank & Trust. Mercury's own bank- switching guidance shows why a customer statement and governing agreement must identify the live account bank and routing details.
Eligible funds can move from the core bank to programme banks on a customer-specific list. The list, placement capacity, exclusions, excess bank, records and balances can change. Programme banks are not general-purpose Mercury account providers.
Choice or Column issues eligible Mercury debit cards. Patriot Bank, N.A. issues the IO charge card. A bank issuer for one card does not make IO a deposit account or make debit- card funds a Patriot deposit.
Mercury Treasury is offered by Mercury Advisory, LLC through a separate investment and brokerage structure. It is not a Choice or Column checking deposit, is not FDIC insured, is not guaranteed by the banking providers and can lose value.
IO, Working Capital and Venture Debt are not checking features. The current business disclosure names separate Mercury lending subsidiaries for the latter products. This review does not treat credit availability as an account entitlement.
Dated pricing
The observed public pricing view showed annual pricing with a fifteen-percent discount. Monthly cadence, Enterprise pricing, overages and optional products remain separate.
Core banking and essential tools. The current pages list no monthly, overdraft or minimum- balance fee and no Mercury fee for ordinary domestic ACH, wires or mailed checks. Account- specific and third-party costs still apply.
This is the observed annual-pricing display, not the undiscounted monthly cadence. The page includes recurring invoicing, a 500-invoice API allowance, reimbursement capacity and action-specific charges or user overages.
This is also the observed annual-pricing display. It adds a relationship manager and higher workflow allowances. Enterprise remains custom priced, and plan taxes or overages are not included in the headline.
| Action | Published entry point | Boundary |
|---|---|---|
| Domestic ACH | USD 0 | Limits, returns, premium processing and compliance remain separate. |
| Domestic wire | USD 0 | Recipient bank, timing, cut-off and account limit still control. |
| Mailed check | USD 0 | Provider-stated delivery is seven to fourteen business days. |
| USD international wire | USD 0 | Intermediary, recipient and optional premium-processing fees can remain. |
| Non-USD international wire | 1% conversion fee | Supported currency, route, recipient and timing conditions apply. |
| Non-USD debit or IO card transaction | Up to 3% | Issuer, currency, network, refund and product conditions apply. |
| Plus ACH-debit invoice | USD 1 per transaction | Plan, invoice, overage and current pricing terms control. |
| 1099 filing | USD 5 per form on core | Current Plus and Pro presentation lists included filings. |
A business should model the exact actions it expects rather than equating a zero monthly account fee with zero total cost. A team can stay on core banking and still send payments, while paid tiers chiefly change workflow automation, invoicing, reimbursement, accounting and support capacity. Treasury fees, card foreign-currency fees, expedited processing, physical-card upgrades, external operators and taxes belong in their own lines.
Deposit and sweep treatment
Mercury's marketing describes potential FDIC coverage through partner banks and their sweep networks. The Choice agreement explains the mechanics more precisely: a core bank can place eligible funds into programme accounts at banks on a customer-specific list. The standard FDIC maximum applies at each bank for the same ownership category, not once per app, card, checking label or savings label.
Deposits held directly, through Mercury or through another intermediary at the same core or programme bank aggregate in the same insurable capacity. Programme-bank deposit limits can be lower than the standard maximum. A programme can use an excess bank without regard to the insurance limit after available capacity is filled, which can leave some funds uninsured. Customers can exclude certain banks under the agreement, but cannot assume every displayed bank is accepting the maximum on a given day.
Pass-through treatment also depends on beneficial ownership, account titling and records. The FDIC makes the determination when an insured bank fails. Deposit insurance addresses bank failure; it does not insure Mercury service availability, payment errors, fraud losses, Treasury investments, IO credit obligations or balances above the applicable limits.
Payments and account limits
Mercury assigns account-specific ACH, wire and check-deposit limits. A temporary increase request is a review path, not an approval or completion promise.
Eligible accounts can send ACH payments with team approvals and separation of duties. Mercury lists zero dollars and a zero-to-one-business-day provider estimate. Account limits, same-day eligibility, return rules, recipient details, holidays and risk review remain.
Domestic wires are listed at zero dollars with a zero-to-one-business-day estimate. The sender must still validate beneficiary and routing details because a sent wire can be hard or impossible to recover.
The current page lists USD international wires at zero dollars and one to three business days. Intermediaries, recipient banks, supported destinations, documentation and optional processing can change total cost and arrival.
Supported local-currency payments use a stated one-percent conversion fee. Mercury says it processes them in one to three business days and the recipient can take up to five; neither figure is an end-to-end guarantee.
Mailed checks are listed at zero dollars and seven to fourteen business days. Address, postal, recipient, stop-payment, fraud and funding conditions make this a different route from ACH or wire.
Mercury assigns ACH, wire and check-deposit limits to the account. An eligible web request can ask for a temporary increase with invoices or other evidence; the stated one-to-two- business-day review is not guaranteed approval.
Debit, IO and cash
Account funding, debit spending, charge-card credit and ATM cash are governed by different issuers, limits and recovery paths.
Funded eligible accounts can create virtual or physical debit cards tied to checking. Choice or Column issues the card. Admins can set spending windows and team controls, but recurring charges, force posts and preauthorisations can behave differently from a simple dashboard limit.
Patriot Bank issues IO. Mercury describes an introductory daily-repayment path and higher- limit daily or monthly paths after balance and usage review. A USD 15,000 total Mercury balance is a current qualification threshold for requesting the higher path, not a guaranteed credit limit.
A separate invitation-only beta can connect an external business bank account without a Mercury deposit account. It uses external balance and transaction data, monthly autopay and a required primary connection. That beta must not be presented as ordinary IO availability.
Physical debit cards can use compatible Mastercard-network ATMs. The current pages list up to USD 1,000 per card per business day and USD 3,000 per business per day. Virtual debit and IO cards are not approved for ATM use.
Mercury explicitly says partner-bank branches cannot accept cash deposits for Mercury accounts. Check, ACH and wire are cited funding alternatives. A bank's physical location does not create a Mercury branch network.
Settled debit, IO and eligible ACH-pull transactions can use the documented self-service dispute flow. Pending, failed, internal and wire states differ. A chargeback can take time and filing never guarantees a refund.
Treasury boundary
The current eligibility page requires an approved Mercury business account, a US entity, a supported physical location, at least USD 250,000 in total deposits and a supported entity type. It currently excludes nonprofits, partnerships, LPs, LLPs and single-member LLCs from Treasury. Those are application gates, not a promise of acceptance or a recommendation to invest idle operating cash.
Mercury Advisory, LLC offers Treasury through a separate advisory and brokerage structure. Securities are not bank deposits, are not FDIC insured, are not guaranteed by Choice or Column and can lose value. Yield snapshots, advisory fees, underlying funds, settlement, liquidity, tax and market risk can change. This review intentionally publishes no current universal yield because the user's balance, product, date and fee tier must be rechecked.
Eligibility and onboarding
Mercury and its banking providers can request evidence, restrict products or decline an application after review.
The company must be formed and registered in the United States or a US territory and have existing or planned US operations. A qualifying international founder can apply without US citizenship or residence, but the business itself still needs the approved formation.
Mercury requires a physical principal place of business and can accept a residential address. Registered-agent addresses, P.O. boxes and UPS Store addresses do not satisfy the current principal-address rule.
The application collects each individual with at least 25% direct or indirect ownership and one person with significant management responsibility. Ownership through another entity must be traced to people rather than stopping at the holding company.
Expect legal name, formation records, industry, business description, source of funds, operating plan and identity evidence. Mercury may ask for more documents, especially for complex ownership or activity.
The current public guidance excludes trusts and identifies money-service, adult, cannabis and internet-gambling businesses among unsupported types. Additional industries can require review, and a short public list is not a permanent underwriting rule.
International founders remain subject to the current prohibited-country and sanctioned- region list. That list can change, so this review links the current eligibility source instead of copying every country into durable editorial copy.
Support and reliability
Signed-in customers can open the dashboard messaging widget on web or mobile. Mercury says messaging is available around the clock and typically receives a response within five minutes. Someone who cannot sign in can use the public contact flow or email help@mercury.com, but account-specific information requires identity and email matching.
NeobankDB did not open an account, submit onboarding documents, send a payment, request a higher limit, migrate a bank, file a dispute, test card delivery, contact support at several times, measure uptime or compare resolution outcomes. The page therefore publishes no support score, reliability score, application-speed score or overall numerical rating.
Current pages scope Evolve differently; customer documents control.
Cash deposits are explicitly unsupported.
Approval, partner, sweep, limits, cards and Treasury retain gates.
Onboarding, support, reliability and recovery outcomes were not field tested.
A stale material fact would block current publication until reverified.
No numerical score is published because required test components are missing.
Score state / intentionally empty
Pricing and product evidence is not a substitute for measured application, payment, reliability, support, dispute, card, cash, Treasury and bank-migration outcomes. Publishing a number now would create precision the evidence does not support.
Complete source ledger
Each source remains dated and scoped. Provider marketing, legal terms, bank programme agreements, support guidance and FDIC rules answer different questions.
Mercury · official legal · observed 2026-07-13
Open official sourceMercury · official product · observed 2026-07-13
Open official sourceMercury Support · official eligibility guidance · observed 2026-07-13
Open official sourceMercury Support · official fee schedule · observed 2026-07-13
Open official sourceChoice Financial Group and Mercury · official legal · observed 2026-07-13
Open official sourceMercury · official payment guidance · observed 2026-07-13
Open official sourceMercury Support · official credit product guidance · observed 2026-07-13
Open official sourceMercury Support · official investment eligibility guidance · observed 2026-07-13
Open official sourceMercury Support · official operational guidance · observed 2026-07-13
Open official sourceMercury · official legal · observed 2026-07-13
Open official sourceMercury · official fee schedule · observed 2026-07-13
Open official sourceMercury Support · official card guidance · observed 2026-07-13
Open official sourceMercury Support · official cash access guidance · observed 2026-07-13
Open official sourceMercury Support · official limit guidance · observed 2026-07-13
Open official sourceMercury Support · official limit guidance · observed 2026-07-13
Open official sourceMercury Support · official support guidance · observed 2026-07-13
Open official sourceMercury Support · official credit product guidance · observed 2026-07-13
Open official sourceMercury Support · official dispute guidance · observed 2026-07-13
Open official sourceFederal Deposit Insurance Corporation · protection scheme guidance · observed 2026-07-12
Open official sourceFederal Deposit Insurance Corporation · protection scheme guidance · observed 2026-07-12
Open official source