Did you know that you can now open a bank account in the United States without being a resident or having to travel? Yes, you read that right. And here we tell you how.
The year 2025 hasn’t been an easy start for banks worldwide. Constant changes in the global economy, coupled with growing competition in the financial sector, have generated uncertainty and challenges for banking institutions.
In this context, choosing the right bank to manage our personal and professional finances has become more important than ever, as we seek security, reliability, and innovation.
Today, I want to share with you the advantages of opening an account at Mercury Bank, a financial institution that has earned the trust of its clients thanks to its innovative and efficient services, and that presents itself as a solid option in these turbulent times.
Advantages of Opening an Account at Mercury Bank
1. Digital Platform and Accessibility
Mercury Bank offers an easy-to-use online banking platform accessible from any device with an internet connection. This facilitates managing our finances anytime and anywhere, allowing us to conduct transactions, check balances, and stay on top of our investments without leaving home.
2. Completely Online Account Opening with No Maintenance Costs
Opening an account at Mercury Bank is done completely online, eliminating the need to visit a physical branch. Additionally, the entity offers zero account maintenance costs, allowing us to save compared to other banks that apply monthly fees.
3. Free Transfers with No Hidden Costs
Another advantage of Mercury Bank is that transfers between accounts, whether internal or external, have no cost whatsoever. This allows us to conduct transactions without worrying about additional fees that could affect our balance.
4. Integration with Payment Gateways like Stripe
Mercury Bank makes life easier for its clients by offering integration with popular payment gateways like Stripe. This allows users to connect their bank accounts with online payment systems and receive payments more quickly and efficiently.
5. Credit Card for Accounts with Balance Over $50,000
If you maintain a balance of more than $50,000, you’re eligible to receive a credit card, which adds even more flexibility to your financing options.
Outstanding Additional Benefits
FDIC Insurance Up to $5 Million
A standout advantage of Mercury Bank is the FDIC (Federal Deposit Insurance Corporation) insurance coverage of up to $5 million, while most traditional banks only offer coverage up to $250,000. The FDIC is a U.S. government agency created to maintain stability and public confidence in the national financial system. This means your deposits at Mercury Bank are protected and insured in case the bank faces financial problems.
Personalized Customer Service
One of the most notable advantages of Mercury Bank is its customer service, which focuses on providing personalized and quality service.
Requirements to Open an Account at Mercury Bank
If you’re considering opening an account at Mercury Bank, it’s important to keep in mind the necessary requirements to complete the process. Below, I mention the basic requirements you must meet:
1. Have an LLC in the United States
One of the fundamental requirements to open an account at Mercury Bank is having a Limited Liability Company (LLC) established in the United States. An LLC is a business structure that combines the flexibility of a partnership with limited liability protection for owners. As a bank focused on providing services to businesses and entrepreneurs, Mercury Bank requires clients to have an LLC registered in the country.
2. Present a Valid Passport
To verify your identity and comply with anti-money laundering regulations, Mercury Bank asks its clients to present a valid passport as identification. Make sure your passport is current and in good condition before starting the account opening process.
3. Admission of Foreigners
One of Mercury Bank’s advantages is that it allows foreigners to open accounts, making it an attractive option for those looking to expand their business in the United States or manage their finances in dollars. Although it’s not necessary to be a U.S. resident, you do need to meet the requirements mentioned above to open an account.
Comparison: Mercury Bank Advantages vs. Wise, Airwallex, and Relay
After reviewing Mercury Bank’s advantages, it’s useful to compare it with other platforms like Wise, Airwallex, and Relay to understand which best suits your business needs.
Mercury Bank Advantages vs. Wise:
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Insurance coverage: Mercury Bank, backed by Choice Bank, offers FDIC insurance coverage up to $5 million, while Wise only covers up to $250,000. This greater protection is essential if you handle large amounts of capital.
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Physical cards: Mercury Bank is the only one that issues international physical cards, while Wise is not currently enabling U.S. accounts. Their cards are limited to Europe or USD through the United Kingdom (GBP).
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Available credit: Mercury Bank offers a credit card if you have more than $50,000 in the account, adding flexibility to finance your business growth, an option Wise doesn’t offer.
Mercury Bank Advantages vs. Airwallex:
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Insurance coverage: Airwallex, backed by Evolve Bank & Trust, only covers $250,000, in contrast to Mercury Bank’s $5 million, providing greater security for business funds.
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Physical cards: Airwallex only offers virtual cards, while Mercury Bank sends physical debit cards worldwide, facilitating international financial management.
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Available credit: Mercury Bank also offers a credit card if your balance exceeds $50,000, a benefit Airwallex doesn’t have, focusing more on international payments.
Mercury Bank Advantages vs. Relay:
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Insurance coverage: Relay, backed by Thread Bank, offers FDIC coverage up to $3 million, which is lower than the $5 million Mercury Bank provides through Choice Bank.
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Physical cards: Although Relay offers physical cards, they’re only available to customers within the U.S., while Mercury sends cards worldwide.
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International account opening: Relay requires your own U.S. address to open an account, which can be a barrier for non-residents. Mercury Bank, on the other hand, doesn’t have this requirement and allows foreigners to open accounts remotely, with just an LLC and a passport.
Summary Comparison Table
| Feature | Mercury Bank | Wise | Airwallex | Relay |
|---|---|---|---|---|
| FDIC Insurance | $5 million | $250,000 | $250,000 | $3 million |
| Physical cards | Yes (worldwide) | No | No | Yes (U.S. only) |
| Credit card | Yes ($50k+) | No | No | No |
| International opening | Yes | Limited | Yes | No |
| Maintenance cost | $0 | Varies | Varies | $0 |
Additional Benefits for Opening an Account at Mercury Bank
Would you like to get $250 and priority access when opening your Mercury Bank account?
Take advantage of this exclusive offer: open your account using our referral link, make a $10,000 deposit, and you’ll receive $250. Plus, you’ll be placed on a priority list to expedite the account opening.
Don’t Have an LLC Yet?
Don’t worry! At ExpressFormations, we help you open your LLC in the United States and, as part of the service, we include opening the Mercury Bank account. Everything in one place, fast and hassle-free! Contact us now!
Conclusion
Mercury Bank stands out in 2025 as an excellent option for entrepreneurs and businesses looking for a modern, secure, and efficient banking solution. With its 100% digital platform, no maintenance costs, and unique benefits like FDIC insurance up to $5 million, Mercury Bank offers a value proposition that’s hard to match in today’s market.
This article is for informational purposes only and does not constitute financial advice. Consult with a professional before making important banking decisions.
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This article does not offer legal or tax advice. If needed, seek the help of a professional. The information provided is for informational purposes only and is publicly available.
