Mercury Review 2025

Mercury is banking built for startups. It is not a bank itself but a financial technology company that partners with FDIC-insured banks to provide a seamless experience for US-incorporated companies.

Key Features

• FDIC Insurance: Up to $5M through partner banks.
• Venture Debt: Access to capital for scaling.
• Treasury: Automated cash management to earn yield on idle cash.

Fee Structure

• Monthly Fees: $0.
• Wire Fees: $0 for sending and receiving USD wires.

Pros & Cons

Pros

• Free to use.
• Designed specifically for tech startups.
• Great perks and partner rewards.

Cons

• Only for US-incorporated businesses (e.g., Delaware C-Corps).
• No cash deposits.

Verdict

For any startup incorporating in the US (via Stripe Atlas or Clerky), Mercury is the default choice. It's free, fast, and integrates perfectly with the startup ecosystem.