Mercury Bank Account Setup Guide
Easybrise Team
Banking Specialist
Mercury is an independent financial technology company providing banking services through partner banks. This guide is intended to help founders understand the typical application process and prepare required documentation before applying directly with Mercury.
Why Choose Mercury for Business Banking
- Online-first business banking platform
- Supports non-US founders with compliant documentation
- Integrates with payment processors such as Stripe
- Enables domestic and international transfers
- Provides debit card and treasury features (subject to approval)
Mercury Application Requirements
Approval depends on business legitimacy, documentation accuracy, and risk review by Mercury.
- Formed US LLC or Corporation
- EIN (Employer Identification Number)
- Certificate of Formation / Articles of Organization
- Operating Agreement (for LLCs)
- Owner passport (clear, unexpired)
- Proof of address (utility bill, bank statement)
- US business address (virtual address accepted)
- Business website or description of activities
Note: Banking approval is determined solely by Mercury and its partner banks based on internal compliance review. EasyBrise is not a bank and cannot influence approval outcomes. EasyBrise does not open bank accounts or act on behalf of Mercury. We provide formation documentation that founders may use when applying directly.
Mercury Application Process
Create Mercury Account
Sign up at mercury.com using your personal email. You'll verify your email before proceeding.
Enter Business Information
Provide your LLC name, EIN, formation state, and business address. Ensure everything matches your formation documents exactly.
Add Owner Information
Enter details for all owners with 25%+ ownership. This includes name, address, date of birth, and passport information.
Upload Documents
Upload clear copies of your formation documents, EIN letter, passport, and proof of address.
Describe Your Business
Provide a clear explanation of your business model, customers, and expected activity. Vague or incomplete descriptions may result in rejection.
Submit and Wait
Review and submit your application. Mercury typically reviews applications within 1-3 business days.
A clear website, matching documents, and a verifiable business purpose may improve clarity during Mercury's review process.
Preparing for Application Review
- Clear and legible documents can help prepare a stronger application
- Matching information across all documents may improve clarity during review
- A professional website describing your business can help prepare your application
- A detailed business description (avoiding vague terms) may improve clarity
- A legitimate US business address (not PO Box) can help prepare for verification
- Responding promptly to any verification requests may improve the review process
Common Rejection Reasons
Applications may be declined if required verification standards are not met.
| Issue | Solution |
|---|---|
| High-risk business type | Provide detailed explanation and compliance plans |
| Vague business description | Be specific about products/services and customers |
| Document mismatch | Ensure names and addresses match exactly |
| Poor document quality | Upload clear, high-resolution scans |
| No online presence | Create a basic website describing your business |
| Incomplete application | Fill out all fields completely |
Important: Certain business types have higher rejection rates, including gambling, adult content, cannabis, and cryptocurrency. Contact Mercury directly if you're in a restricted industry.
Frequently Asked Questions
Common Mistakes to Avoid
- Applying before receiving EIN confirmation
- Using personal email instead of business email
- Uploading blurry or cropped passport photos
- Not having a website or online presence
- Providing vague business descriptions
- Mismatching information between documents
Mercury Approval Checklist
Complete checklist to help prepare your Mercury application documents
Checklist Preview:
- EIN received and confirmed
- Certificate of Formation available
- Operating Agreement prepared
- Clear passport scan (all pages)
- Proof of address (less than 3 months old)
- +5 more items...
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