Mercury Bank Rejected Me
- Thread starter Alexmorgan
- Start date
- Status
Usually this happens when you don't provide a good enough description of your business, including a decent website, a business plan, data of your partners/clients etc.
Toggle signature
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I did provide all that and yet i got rejected
I already have an account with them for my main company
Do you recommend me reapply again?
If you provided all that and they rejected you it means they don't like your business, it will be useless to retry. You could try with levro.
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Its the same business as the main company i have which have an account with them
Did this happen with you?
Why did you need to duplicate it? This is a red flag
No and I have 6 accounts with Mercury
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Because I wanna move the whole business of the main company to this company as its better naming and to be with International clients and wanted the main first company only for US clients as its required from me from mercury
It doesn't make sense.
You can register a dba for your main company, and you can use it for both us and international clients.
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Its taxation purposes
The new will be just for international as i wanted 0 taxes on it
And the main old i wanna make it for US clients and to be taxed normally and maybe open an office in US soon
The DBA game is something that wont fulfill all that
Do you reapply will give the same result?
Did you mention the plan to use this Entity for Non-US Clients within your application? This might have been your red flag. Mercury requires to read about US-related business activities.
Actually no
I registered it like i did with the first company
But in the question of do i have US clients i choose the second one which is ( I dont have US Clients but planning for it in the next 6 months)
Do you think this option i choose is what made it rejected?
Having US clients doesn't make your company tax resident so tell them that you do. Pay somebody in US to buy something from you.
I guess i will say yes then
But have it worked with someone before on reapplying with mercury?
Since you stated "I dont have US Clients but planning for it in the next 6 months" before reapplying show them a receipt from a US client so you can tell "I told you that i was going to have US clients soon"
BTW they could still reject you if the lack of US clients wasn't the reason for rejecting you.
BTW they could still reject you if the lack of US clients wasn't the reason for rejecting you.
Thank you gentlemen
I guess i will reapply again avoiding the mistakes done before
I hope they accept they are the only reliable banking provider at moment
I guess i will reapply again avoiding the mistakes done before
I hope they accept they are the only reliable banking provider at moment
I didnt yet because they cant handle 7 to 8 figures yearly income as i know
Mercury is working fine with me on that level with my main company
I reapplied again
If they rejected me that's mean its about my nationality and my residency country
Then its about time before they close the main company account in that case
If they rejected me that's mean its about my nationality and my residency country
Then its about time before they close the main company account in that case
Thank you for your advices
Got approved last Tuesday
I was insisted on them because they dont have monkeys with them so they deal on the way that professional banks do
There are some real banks that are not even close to the professionalism of Mercury
Got approved last Tuesday
I was insisted on them because they dont have monkeys with them so they deal on the way that professional banks do
There are some real banks that are not even close to the professionalism of Mercury
- Status