Mercury

Banking for startups

4.2•86 reviews•

617 followers

Banking for startups

4.2•86 reviews•

617 followers

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Online banking

•

Startup financial planning

Confidently run all your financial operations with software built from a powerful banking core. Scale with business bank accounts & debit and credit cards.

This is the 10th launch from Mercury. View more

Mercury Personal

Powerful personal and joint accounts on Mercury

Mercury Personal makes optimizing your finances feel effortless. Earn a competitive yield in your savings account, set custom automations, and share tailored access. And now, collaborate with your spouse or other trusted person via joint accounts.

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Launch tags:

Fintech•Personal Finance•Banking

Launch Team

Alexey Likuev

Mercury

Maker

📌

I’m excited to share that the tech-powered banking* experience loved by over 200K ambitious companies is no longer reserved just for business. With Mercury Personal, we’re able to offer powerful personal banking and software that allows you to optimize your personal financial strategy with ease. You can earn a competitive yield in your savings account (currently 4.25% APY),** send unlimited domestic wires and ACH payments for no additional cost, manage and plan your shared finances with your spouse or partner via a joint account, and invite additional users with custom permissions. Plus, you can rest assured that your money is protected with up to $5M in FDIC insurance through our partner bank and their sweep network.*** You get all this and more for one annual subscription of $240. *Mercury is a financial technology company, not a bank. Business banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC. **Annual Percentage Yield (APY) is accurate as of 11/21/2024. This is a variable rate account. The interest rate and annual percentage yield may change at any time and without prior notice. ***Mercury is a fintech company, not an FDIC-insured bank. Deposits in personal checking and savings accounts are held by our banking services partner, Choice Financial Group; Member FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through insurance to apply. Learn more here.

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8mo ago

Mike Staub

I'm confused, isn't the product still behind a waitlist? Why not wait until it is GA before launching on PH?

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8mo ago

Alexey Likuev

Mercury

Maker

@mikestaub today's launch is about joint accounts! We only had individual accounts up to today, and now you can open a joint account or convert your existing individual account to a joint one.

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8mo ago

Chris Messina

Ambassador

@likuev can you update the product name to be "Mercury Joint Accounts"? Otherwise it's confusing/misleading! Thanks!

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8mo ago

Mario Y. Peshev

Beta Testers Hub

One of my favorite fintech solutions on the market. 2 US LLCs hosted with Mercury. Highly recommended!

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8mo ago

Appwrite — The open-source Vercel alternative

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Mercury Launches

Mercury Personal Powerful personal and joint accounts on Mercury

Launched on December 10th, 2024

Mercury Expense Reimbursements Reimburse out-of-pocket employee expenses right from Mercury

Launched on October 8th, 2024

SAFEs by Mercury Streamline the entire SAFE fundraising process on Mercury

Launched on October 3rd, 2023

View all Mercury launches

Do you use Mercury?

4.2

Based on 86 reviews

Review Mercury?

Mercury is highly praised for its user-friendly interface and startup-focused features, making it a preferred choice for many businesses. Product Hunt users appreciate its elegant design and ease of use, while Central (YC S24) highlights its intuitive interface and treasury product. erxes Inc commends Mercury's support for startups and its community engagement. However, some users report issues with customer support and account closures, indicating room for improvement in reliability and communication. Overall, Mercury is a strong option for startups seeking modern banking solutions.

+84

Summarized with AI

Pros

intuitive interface (21)

startup-friendly features (18)

easy account setup (9)

responsive customer service (8)

integrations with business tools (4)

no fees (3)

seamless account management (3)

virtual cards (3)

support for startup community (2)

treasury product (2)

Cons

unreliable service (10)

slow support (8)

account closure without warning (7)

compliance issues (3)

low card limits (2)

slow fund availability (2)

Pros

Cons

Reviews

All Reviews

Helpful

Okorie Okpanku

•1 review

My account was closed since December 2020. I still don't know why. Nobody has said anything. Last I heard all African founders were locked out. I just want my money sent to me or back to my clients

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3yr ago

Nicolas C.

•2 reviews

These people have no respect for their clients. It is unfortunate that I have to leave this review, but it is merited. Mercury is a service not a bank. They partnered with Evolve Trust to provide an "easy banking" service for entrepreneurs and startups... and they are failing at this miserably. One of the most important things for a startup is to have funds available quickly. We've made small to large deposits into the account with Mercury and seven (7) days later, still waiting for the funds, and customer service is unresponsive. We have had to go out of our way to open bank accounts with another bank in order to pay contractors. Not sure how Mercury defines this as a great experience. It is pathetic to say the least. Save yourself the headache. Mercury is a joke.

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3yr ago

Dan Cortazio

•7 reviews

Mercury – Solid Banking for Startups, But Support Could Be Quicker Mercury’s been a great option for startup banking... easy to set up, slick interface, and it integrates well with all the tools I need. I’ve been happy with the experience overall, especially since it’s built with startups in mind. Why It Works: - Simple Setup and Interface: Setting up an account is a breeze, and the dashboard is clean and intuitive. No fuss... just a straightforward experience. - Startup-Friendly Features: They’ve got all the basics plus perks like cash management and venture debt options that make sense for early-stage companies. Feels like it’s really built for us. Where It Could Improve: - Support Delays: Here’s the downside... support can be painfully slow. I had a case where I needed to increase my card limit to make a larger purchase, and it took several days to get a response and even longer to get it approved. For a company that’s raised capital, waiting that long just to make a necessary purchase isn’t ideal. It definitely slows things down. - Low Card Limits: The spending limits themselves are low, especially for businesses with decent funding. Having to go through hoops to raise limits each time is frustrating when you’re trying to move fast and get things done. Overall Thoughts Mercury is a solid choice if you’re looking for a startup-focused banking solution with a great interface and useful features. But... the slow support and low card limits make it tough when you’re running at startup speed. With quicker support and more flexible spending options, it could really be the perfect solution for growing companies.

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9mo ago

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Okorie Okpanku

•1 review

My account was closed since December 2020. I still don't know why. Nobody has said anything. Last I heard all African founders were locked out. I just want my money sent to me or back to my clients

3yr ago

•2 reviews

3yr ago

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9mo ago