This guide will show you how to open a mercury bank account and give you a short review of Mercury Bank.
How to Open a Mercury Bank Account in 2022 (Step by Step)
Introduction to Mercury
Mercury is not a bank in the traditional sense. It is a banking service offered by Evolve Bank & Trust. It is the best banking solution for foreign entrepreneurs and startups looking to start and scale their businesses in the US.
Mercury offers a variety of features for small business owners like bank-level security, spend management, team collaboration and management tools, analytics tools, virtual cards, integration with payment gateways and accounting software, and much more.
On Trustpilot, Mercury Bank gets the majority of positive feedback. According to one of their customers, Mercury is a very well-done platform that runs more smoothly without bank fees. It proves that Mercury is one of the best digital banks in the United States.
If you’re thinking to open a mercury bank account, be prepared to take advantage of the most attractive rates on the market.
There are no monthly charges, monthly service fees, account opening fees, or electronic transfer fees. And if your account has at least $250K in it, then neither do we! As a special reward for taking out one of these limited-amount accounts, you’ll get a free debit card.
What is the Requirement to Open a Mercury Bank Account?
To open a mercury bank account, you must have a registered business in the United States.
How to Open a Mercury Bank Account
In this guide, We will walk you through the steps to open a mercury bank account:
First, you have to visit Mercury Bank’s website and click on the Open Account button.
As you click on the Open Account button, another page will open in front of you, where you have to enter your basic details like your name, email address, and password to create your account.
Next, give your company’s name and describe what you do for this company.
Then, you have to choose your team’s callsign.
If your company is associated with any of the business following, then choose it. Otherwise, click the None of the Above button.
Now you have to read PATRIOT Act Disclosure us and click to OK, Let’s Go button.
After that, you will be directed to a new page. Click on the Start Your Company Profile button.
Once you click the Start Your Company Profile button, you’ll have to enter some information about yourself and your business.
In the first section, they will ask you about your company’s business and legal name, your company’s URL (if you have one), the type and industry of your company, your Employer Identification Number and you also have to provide some explanation about your business.
In the second section, you are required to provide your company’s complete address and phone number.
Now they will ask you about your (Company Owner) details including your full name, email address, ownership percentage, and role in the company.
If your company using DBA (Doing Business As) you have to select Yes otherwise click on No.
You have to now upload a copy of your company’s formation documents. If you own an LLC, please upload a picture of your Certificate of Formation.
Then, you have to upload your company’s Employer Identification Number for verification.
When you have finished providing all the information, click on the Review Your Application button. The review process usually takes about five to seven business days.
Having a company website and social media presence can help you get approved for Mercury as we get a lot of messages from people about rejection due to a lack of an online presence.