Find the latest Mercury Banking promotions, bonuses, and offers here.
Currently, Mercury is offering $100 bonus for Ex-Brex customers and “Banking for Startups” with a $500 bonus for spending $10,000 on their Debit Card. Plus earn 5.06% APY on your idle money.
About Mercury Promotions
Located in San Francisco, Mercury is an online banking platform that includes both a business checking account and a business savings account with no monthly fees.
It’s designed with startups in mind and not available for sole proprietors. For businesses with more than $250K balance, they even have an upgraded version called the Mercury Tea Room. The Mercury Tea Room includes perks such as free domestic and international wires, exclusive partner discounts on business products and services.
I’ll review the current offers below.
Mercury Banking $100 bonus
- What you’ll get: $100 bonus
- Account Type: Business Checking
- Availability: Nationwide, online
- Direct Deposit Requirement: No
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: None listed
(No Expiration Date Listed)
Editor’s Note: They are not friendly to sole proprietorship since you’ll need a U.S. company with a federal EIN, your company’s official formation documents, and a picture of your government ID (e.g. a passport or US driver’s license).
| Compare to some of the best business checking accounts such as Chase Business Checking ($300 or $500 Bonus), U.S. Bank Business Checking ($500 or $750 Bonus), Live Oak Bank Business Savings ($300 Bonus), Axox Bank Basic Business Checking ($100 Bonus), Axos Bank Business Interest Checking ($100 Bonus), Huntington Unlimited Plus Business Checking ($1,000 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus). |
How To Earn Bonus
- Open a Mercury account and deposit $10,000 within 90 days.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Mercury Banking $500 bonus
- What you’ll get: $500 bonus
- Account Type: Business Checking
- Availability: Nationwide, online
- Direct Deposit Requirement: No
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: None listed
- Household Limit: None listed
(No Expiration Date Listed)
How To Earn Bonus
- Open a Mercury account and spend $10,000+ via the Mercury debit card to earn $500 bonus.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Mercury Banking Treasury Up to 5.06%
- Get a custom portfolio. Mercury will find the right mix of mutual funds based on your startup’s balance and cash flow.
- Let your funds move themselves. Custom auto transfer rules between your accounts act like an ops team.
- Watch your runway grow. Focus on building your company while Treasury keeps your cash secure and puts it to work.
- Earn up to 5.06% return on your idle cash; interest rates updated weekly.
(Member FDIC)
How To Waive Monthly Fees
- Mercury Banking: None
Bottom Line
If you have a business with a real EIN, then it may be worthwhile to open an account with Mercury. It’s another Fintech company hoping to gain your business by offering this huge spending bonus offer.
*Compare Mercury Banking Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citi, and more!*