Estate planning at Mercury

Yes, but only on Mercury Personal accounts. Mercury Personal Checking and Savings support up to 5 individual POD beneficiaries or 1 trust as a POD beneficiary. Individual beneficiaries require a full name, date of birth, and home address (SSN optional). A trust beneficiary requires the legal trust name and EIN. Business accounts (checking, savings, Vault, Treasury) do not support POD or TOD designations; ownership transfer on business accounts is governed by the entity's operating agreement, corporate bylaws, or partnership agreement.

Mercury Vault uses a sweep network to automatically distribute your deposits across up to 20 FDIC-insured partner banks. Each partner bank holds up to $250,000, ensuring full FDIC coverage at each institution. By aggregating these partner banks, Mercury Vault provides up to $5 million in total FDIC insurance without requiring you to open or manage separate bank accounts. Mercury Vault is available on business accounts. Mercury Personal accounts also offer up to $5M FDIC insurance through Column N.A.'s sweep network.

No. Mercury Treasury is an investment account, not a deposit account, and is not FDIC insured. Treasury funds are invested in U.S. government securities and money market funds. Treasury balances are protected by SIPC insurance up to $500,000 (including $250,000 for cash). A minimum balance of $250,000 is required to qualify for Mercury Treasury.

Mercury business accounts are available to U.S.-registered business entities including LLCs, C-corporations, and limited partnerships (LPs). Ineligible entity types include trusts, sole proprietorships without a registered business entity, and businesses that frequently deal with physical cash. Mercury requires state-filed formation documents during the application process. Mercury Personal is available to individual U.S. residents (founders and professionals), separately from the business account eligibility requirements.

Mercury is a fintech company, not a bank. Business deposit accounts (checking and savings) are held at FDIC-insured partner banks Choice Financial Group, Column N.A., and Evolve Bank & Trust (Mercury announced in March 2025 that it is transitioning away from Evolve). Mercury Personal accounts are held at Column N.A. The IO corporate credit card is issued by Patriot Bank N.A. Mercury applied for its own OCC national bank charter and FDIC insurance in December 2025.