Opening a business bank account might not be the most glamorous part of launching an LLC—but it’s absolutely one of the most important. The right account doesn’t just hold your funds; it sets the stage for how you’ll move money, track expenses, and build financial workflows that scale with you.
That’s why ambitious companies turn to Mercury’s banking and software to power all financial workflows—not just to bank, but to build momentum. Below, we take a closer look at Mercury and how it benefits LLCs looking for a smarter, more intuitive way to manage their money.
About Mercury
Startups and other ambitious companies use Mercury’s banking, credit cards, and financial software to power all their financial workflows—from paying bills and managing expenses to scaling confidently.
Founded in 2017 on the belief that every ambitious company deserves tools to operate at their best, Mercury started with the one thing every business needs: a bank account. But not just any account—a powerful and intuitive one. Every detail, from their streamlined move money flow to the terms of their capital products, is designed with one purpose: to help companies operate at their best.
What sets Mercury apart is its fintech-first model. Mercury isn’t a bank—banking services are provided by partner banks like Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC. That structure allows Mercury to go deep on product innovation, user experience, and customer success—building banking software that’s flexible, fast, and founder-friendly.
But banking is just the beginning. Mercury knows that ambitious companies don’t just need to move money—they need to run payroll, send invoices, close the books, and plan for what’s next. So, they built financial software into their banking platform, ensuring that every money-in, money-out workflow stays accurate, seamless, and real-time. From AI-powered bill pay to recurring invoicing, Mercury gives LLCs the tools to run leaner, smarter, and faster.
Mercury continues to scale rapidly. In March 2025, the company announced a $300 million Series C funding round—comprising both primary and secondary investment—at a $3.5 billion valuation. The round was led by Sequoia Capital, with participation from new investors Spark Capital and Marathon, alongside returning backers Coatue, CRV, and Andreessen Horowitz.
Founded in 2017, Mercury now serves more than 200,000 companies across industries including tech, venture capital, e-commerce, and small business. It has reported ten consecutive quarters of profitability based on both EBITDA and GAAP net income, and generated $500 million in annual revenue in 2024. Customer growth rose by 40% year-over-year, with $156 billion in annual transaction volume—a 64% increase from the previous year.
How Does Mercury Work?
Mercury offers what they call a banking stack—a collection of essential financial tools designed to simplify banking for startups and small businesses alike. Whether you’re running a newly formed LLC or scaling a growing operation, Mercury’s platform is built to give you more control and less busywork.
So, what’s in the stack?
- Business checking account
- Business debit cards*
- Digital tools and integrations
- Check and ACH payments
- Domestic and international wire transfers
- Business savings account*
It’s everything an LLC needs to manage money confidently, in one intuitive interface.
The beauty of the banking stack is its flexibility. Mercury doesn’t box you into a rigid system—it gives you a platform where financial workflows are connected, customizable, and designed to scale. That means fewer logins, smoother payments, and more time spent on actual business-building.
Whether you’re setting up your first LLC or managing multiple accounts across entities, Mercury helps streamline the day-to-day so you can focus on the big picture.
*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC.
Key Features of Mercury’s Bank Account
Mercury’s bank accounts are built to do more than hold your money—they’re designed to give you command over it.
All checking and savings accounts are FDIC-insured, with coverage up to $5 million through Mercury’s partner banks and sweep networks. It’s a level of protection that gives LLCs room to grow without worrying about the basics.
Need cards? Mercury offers both virtual and physical debit and credit cards—issued by Choice Financial Group and Evolve Bank & Trust, Members FDIC—so you can manage spending, issue cards to team members, and keep purchases under control.
Transfers are seamless, too. You get free domestic and international USD wires, plus the ability to schedule and automate recurring payments via ACH, wire, or check.
Team collaboration is baked in. You can:
- Invite unlimited team members
- Set access levels with a three-tier permission system (admin, bookkeeper, custom)
- Create approval rules for large purchases
- Specify who can pay without approval
- Manage team spend with customizable card limits
And when it’s time to close the books, Mercury helps you move faster. You can:
- Automate transfers between accounts
- Approve payments via Slack
- Sync with Xero or QuickBooks for fast, accurate bookkeeping
- Automate payroll using easy wire drawdowns
Is It Easy to Use?
Short answer: yes. Mercury is designed to make banking feel less like a chore and more like a power tool.
Opening a Mercury account is fast and fully online—no paperwork, no waiting in line. Most businesses can apply and onboard in under 10 minutes, and you can start spending right away with instant virtual cards.
Once you’re in, everything’s just a few clicks away. Whether you’re sending a wire, paying a vendor, or reviewing team spend, Mercury’s dashboard is built for simplicity and speed. And with the intuitive mobile app, you can manage your business banking from anywhere—without slowing down.
For LLCs juggling operations, payments, and team access, Mercury offers a clean, streamlined experience that just works.
Transparent Pricing
Mercury keeps things simple: business banking is free to use.
There are no account minimums, monthly fees, overdraft charges, or account opening costs. However, some advanced features come with fees, including:
- 1% currency exchange fee for non-USD international wires
- 1.5% cashback on all credit card spend
- Fees for non-USD debit/credit transactions
- Charges for optional premium processing of international USD wires
Mercury supports domestic and international wires in 30+ currencies, and also lets you send and deposit checks—so you’re covered, no matter how your business moves money.
Final Thoughts
For LLCs that want more than a place to park their funds, Mercury offers a modern banking experience built to match the pace of ambition. From fast onboarding to powerful financial tools, Mercury removes the friction from everyday banking and gives businesses the flexibility to scale smarter.
You get FDIC-insured accounts, seamless payments, built-in financial software, and total visibility across your cash flow—plus intuitive team controls and integrations that make closing the books faster and more accurate.
Best of all? It’s free to get started, with no minimums or hidden fees standing in your way.
Whether you’re launching your first LLC or managing several, Mercury gives you control, clarity, and confidence—everything you need to run your business at its best.
Mercury is the fintech ambitious companies use for banking* and credit cards
*Mercury is a fintech company, not an FDIC-insured bank. Checking and savings accounts are provided through our bank partners Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC. Deposit insurance covers the failure of an insured bank. Checking and savings account deposits may be held by sweep network banks. Certain conditions must be satisfied for pass-through insurance to apply. Learn more here.