neobank
Mercury
Headquarters: San Francisco, United States • Founded: 2017
About Mercury
Mercury is a financial technology company, not a bank. Banking services are provided by Choice Financial Group and Evolve Bank & Trust. It is widely used by tech startups and crypto founders for corporate treasury and payments, allowing direct integrations with exchanges and stablecoin on-ramps.
Regulations & Trust Profile
Banking License Type
state charter
Licensed/Regulated By
FDIC
MiCA Compliant (EU)
No / N/A
Deposit Insurance
FDIC (up to $5,000,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
Free
Crypto Trading Fee
1%
Wire Transfer Fee
Free
Crypto Withdrawal Fee
Free / N/A
Pricing Notes: Free domestic and international wires.
Pros
- Tailored for startups
- Up to $5M FDIC sweep insurance
- No monthly fees
Cons
- Not a direct bank
- Requires business verification
Frequently Asked Questions
Is Mercury safe for crypto?
Yes, Mercury is a digital-first neobank that integrates crypto trading, holding, and payments within its app, offering direct card cashbacks and instant buy/sell orders.
Is Mercury FDIC insured?
Yes, standard cash deposits are insured under the FDIC scheme up to $5,000,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does Mercury support business accounts?
Yes, Mercury supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does Mercury operate in?
Mercury operates primarily in United States, and supports international clients from US.
What are Mercury's crypto fees?
Monthly account fees are $0. Crypto trading fees are 1.0%.
Can I send crypto directly from Mercury?
No, Mercury only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.
Coverage
Target Audience
business
Minimum Deposit
No minimum
Mobile Banking Apps
iOS, Android