Mercury personal account

[JohnnyDoe]

Just received:

This is a big day for Mercury ”” not only does it mark our 5th anniversary, but it's the official launch day of Mercury Personal. Personal banking 1 has been highly requested by the founders and builders we serve on the business side for years, so I'm beyond excited to bring the Mercury experience to personal accounts. It offers the same powerful UI, a 5.00% APY on savings, 2 up to $5M FDIC insurance, 3 and so much more ”” all for an annual subscription of $240. The waitlist is open now ”” help us spread the word!​

​

As a thank you for helping us build what Mercury is today, I want to invite you to get priority access. We'll be onboarding customers to Mercury Personal slowly to ensure the best experience. By using the link below, you'll be at the top of the list. We'll reach out when a spot opens up.​

Get Priority Access ​

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[daniels27]

It costs $20 per year. But the business is free?

Last edited: Apr 17, 2024

 

[churumbelo]

$240$/year for only a USD account with an EMI. I have never used Mercury, so probably I am missing something. I cannot find if they will accept non-US residents.

 

[ilke]

churumbelo said:
$240$/year for only a USD account with an EMI. I have never used Mercury, so probably I am missing something. I cannot find if they will accept non-US residents.
Click to expand...

You get classic FDIC-insured accounts via Evolve Bank and Choice Financial. You also have access to relatively cheap and quick wires.

They do accept non-US for this; it's one of their main selling points. The personal account is available only for customers who hold business accounts for their US LLCs @ Mercury already.

It's not too bad of a yearly price, I would say.

 

[daniels27]

How much are the personal international wires?

 

[yngmind]

JohnnyDoe said:
Just received:

​

This is a big day for Mercury ”” not only does it mark our 5th anniversary, but it's the official launch day of Mercury Personal. Personal banking 1 has been highly requested by the founders and builders we serve on the business side for years, so I'm beyond excited to bring the Mercury experience to personal accounts. It offers the same powerful UI, a 5.00% APY on savings, 2 up to $5M FDIC insurance, 3 and so much more ”” all for an annual subscription of $240. The waitlist is open now ”” help us spread the word!​

​

​

​

As a thank you for helping us build what Mercury is today, I want to invite you to get priority access. We'll be onboarding customers to Mercury Personal slowly to ensure the best experience. By using the link below, you'll be at the top of the list. We'll reach out when a spot opens up.​

​

​ Get Priority Access​

Click to expand...

That's cool, I haven't received this email though

JohnnyDoe said:
Just received:

​

This is a big day for Mercury ”” not only does it mark our 5th anniversary, but it's the official launch day of Mercury Personal. Personal banking 1 has been highly requested by the founders and builders we serve on the business side for years, so I'm beyond excited to bring the Mercury experience to personal accounts. It offers the same powerful UI, a 5.00% APY on savings, 2 up to $5M FDIC insurance, 3 and so much more ”” all for an annual subscription of $240. The waitlist is open now ”” help us spread the word!​

​

​

​

As a thank you for helping us build what Mercury is today, I want to invite you to get priority access. We'll be onboarding customers to Mercury Personal slowly to ensure the best experience. By using the link below, you'll be at the top of the list. We'll reach out when a spot opens up.​

​

​ Get Priority Access​

Click to expand...

What do I need to apply for an account?​

You'll need a SSN and a U.S. residential address to apply. We may also ask for a copy of a government-issued ID.

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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[berseker]

big bummer that they don't accept non-residents non us persons.

 

[JohnLocke]

That's fantastic news for those who already have a business account with them and want a personal USD account.

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[TheCryptoAnt]

yngmind said:

What do I need to apply for an account?​

You'll need a SSN and a U.S. residential address to apply. We may also ask for a copy of a government-issued ID.
Click to expand...

~sad

 

[Alexmorgan]

yngmind said:
That's cool, I haven't received this email though

What do I need to apply for an account?​

You'll need a SSN and a U.S. residential address to apply. We may also ask for a copy of a government-issued ID.
Click to expand...

I was happy to hear this news

But sad ending here

I hope they change their minds for this

 

[Marzio]

yngmind said:
You'll need a SSN
Click to expand...

Game over.

 

[OffshorePhantom]

SSN can be easily obtained by non-residents too, if you do not have any US source income you will file a 1040-NR but will not pay any taxes.

 

[daniels27]

OffshorePhantom said:
SSN can be easily obtained by non-residents too, if you do not have any US source income you will file a 1040-NR but will not pay any taxes.
Click to expand...

How does this give you a SSN? You will fold your 1040-NR with a W-7 and maybe get an ITIN. SSN is only available at the embassy or SSA and they check your passport stamp. Visa waiver won't get you far.