Comfortable amounts for Mercury Bank like banks you trusted for your USA LLC ?

[troubled soul]

What is the maximum amount of money you use for mercury and feel comfortable ?

On official website they are saying that There is no maximum limit...But do you really trust this type of bank with high balance ?
Even It is not a bank.....

Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Click to expand...

After which amount mercury bank type bank accounts are not Good choice and You should go for tradition bank.
@Martin Everson
What would you suggest for this ?

 

[JohnnyDoe]

https://mercury.com/vault#:~:text=M...ings deposits,more about FDIC insurance here.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Alexmorgan]

after same question i made in this lovely forum everyone advised me a Mercury for my business and im getting 7 digits from many countries with no problem

Just in case prepare all invoices and contracts then you are fine

Their CEO said that some companies with them getting 100s of millions activities on each

they accept legit business only

 

[Martin Everson]

troubled soul said:
After which amount mercury bank type bank accounts are not Good choice and You should go for tradition bank.
@Martin Everson
What would you suggest for this ?
Click to expand...

I wouldn't even do a 7 figures with these sort of non-banks in one go.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnnyDoe]

Martin Everson said:
I wouldn't even do a 7 figures with these sort of non-banks in one go.
Click to expand...

As a Mercury shareholder I tell you that in this case you are wrong. I even suspect that no monkeys are employed by Mercury.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Martin Everson]

JohnnyDoe said:
As a Mercury shareholder I tell you that in this case you are wrong
Click to expand...

Many Credit Suisse shareholders told me I was wrong. It didn't go well for them 🙁.

As always I will let people learn the hard way.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnnyDoe]

Martin Everson said:
Many Credit Suisse shareholders told me I was wrong. It didn't go well for them 🙁.

As always I will let people learn the hard way.
Click to expand...

CS account holders didn't suffer any loss. I am comfortable with up to $5m with Mercury, as that's how much is FDIC insured.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[12345]

EMI id say low-mid 6 figures max. Is mercury significantly different from Wise, Revolut, Bunq etc. ?

 

[Alexmorgan]

12345 said:
EMI id say low-mid 6 figures max. Is mercury significantly different from Wise, Revolut, Bunq etc. ?
Click to expand...

Im doing 7 figures per transaction and no problem

I have a liget business

The different between mercury and wise , revolut , bunq is that Mercury dont open personal accounts so they dont deal with a lot of transactions and games from users

Its just business account i guess this what make it better service quality bank

Yes chase and BOA would be great but if you cant go to US and open it then its mercury