Banking · Retail bank
Mercury: a US business account held by partner banks
US financial technology company whose business accounts are held by Choice Financial Group and Column N.A., both FDIC members. Open to companies registered in the United States, including those with foreign founders, except for certain founder countries of residence.
Please note
Characteristics
- Family
- Retail bank
- Regulator
- FDIC (banques partenaires) ; OCC (projet de banque nationale)
- Regulator country
- United States
- Deposit guarantee
- Partly
- Remote opening
- Yes
- Currencies
- USD
- Services
- Current account · Payment card · International transfers
- Accepted residencies
- Not provided
- Refused residencies
- Not provided
- Home country
- United States
The company must be incorporated and registered in the United States or a US territory, with an existing or planned US activity; founders do not have to be US citizens or residents, but Mercury does not serve companies whose founders live in certain countries (list not retrieved).
Entities and regulatory status
| Entity | Jurisdiction | Status | Regulator | Protection of funds |
|---|---|---|---|---|
| Mercury Technologies, Inc.groupFinancial technology company, not insured by the FDIC, according to Mercury's legal disclosures. Corporate name not confirmed on the page read. | United States | Platforms and other set-ups | ||
| Choice Financial Groupholds the accountPartner bank named in Mercury's legal disclosures, an FDIC member. Chartering authority and certificate number not retrieved (FDIC BankFind not consulted). | United States | Brands backed by a partner bank | FDIC | FDIC |
| Column N.A.holds the accountSecond partner bank named by Mercury, an FDIC member; national charter inferred from the "N.A." designation. OCC and FDIC BankFind records not consulted. | United States | Brands backed by a partner bank | OCC / FDIC | FDIC |
| Mercury Bank, N.A. (en constitution)groupAccording to Mercury, the OCC granted conditional approval in April 2026 for the formation of this national bank; final approval and the approvals of the FDIC and the Federal Reserve remain to be obtained. Holds no accounts as of the date of consultation. | United States | Banks with their own licence | OCC |
Who can open or keep an account
| Country of residence | Case | Status | Conditions |
|---|---|---|---|
| United States | Opening | Accepted | Companies incorporated and registered in the United States or a US territory, with an existing or planned US activity; certain sectors excluded.support.mercury.com |
| Any residence (general rule) | Opening | Conditions apply | Non-US founders accepted, unless they live in a country or region that Mercury does not serve (separate list not read).support.mercury.com |
| Any residence (general rule) | Keeping after a move | Unknown | Fate of the account if a founder moves to an unserved country: not retrieved. |
A country missing from this table is neither accepted nor refused: the information is not published.
Published figures
- Account feeNot provided
- Brokerage feeNot provided
- Deposit guarantee ceilingup to $250,000fdic.gov · Verified on Nov 2, 2026
- Entry ticketNot provided
Which entity, which status
Mercury states that it is a financial technology company and not an FDIC-insured bank; its banking services are provided by Choice Financial Group and Column N.A., both FDIC members (Mercury, "How Mercury works with partner banks"). Its current status is therefore that of a brand backed by partner banks.
Mercury announces that it received conditional approval from the OCC in April 2026 to form Mercury Bank, N.A. This is a procedural step: final approval and the other approvals have not been obtained, and accounts remain held by the partner banks.
The partner banks' records in FDIC BankFind and the OCC decision were not read; the date of Mercury's article does not match its most recent content, a sign of a page updated without a new date.
Who can open an account
The company must be incorporated and registered in the United States or a US territory, with an existing or planned US activity. Founders do not need to be US citizens or residents, but Mercury does not serve companies whose founders live in certain countries or regions. Money services businesses, online gambling, cannabis, adult entertainment and trusts are excluded (Mercury eligibility requirements).
List of founders' countries of residence that are not served, documents requested and personal account offering: not retrieved.
Account, card and currencies
Business account in US dollars, with cards and transfers, managed online.
Fees, limits and conditions for international transfers: not retrieved.
Protection of funds
Standard FDIC coverage is up to $250,0001 per depositor, per insured bank and per ownership category (FDIC). It applies in the event of the failure of an insured bank, not that of Mercury, as its legal disclosures point out. Mercury also offers a network that spreads deposits across insured banks.
Overall limit of the deposit-spreading network: not retrieved on the page read.
Points to check
- The country of residence of each founder, against the list of countries not served.
- The partner bank that holds the account and any participation in the spreading network.
- The progress of the national bank project, which changes nothing for existing accounts until it is approved.
Sources and verification dates
- 1.
Deposit guarantee ceiling : $250,000
« FDIC deposit insurance covers $250,000 per depositor, per FDIC-insured bank, for each account ownership category. »
Federal Deposit Insurance Corporation, « Understanding Deposit Insurance »Verified on Nov 2, 2026Verified source