Step By Step Mercury Bank Account Guide (Updated 2025)

This FREE Step By Step Mercury Bank Account Guide is updated frequently to reflect all the changes happening with Mercury Bank and US banking regulations.

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Founders usually reach out to me after their Mercury bank account applications have been rejected. They reach out to me when they are on the back foot.

After rejection, they need help with how to get in touch with Mercury, how to find out the reasons for rejection, how to reapply, and more, for their applications to be approved.

After the 1st rejection, founders get worried and start overthinking about the problems they will face without a US bank account. It worsens if you are on a timeline and need to share your bank details with your clients urgently.

Founders should ideally have all the information and an understanding of the process overview before they apply so they can submit a high-quality and accurate application.

You have to make it easy for the onboarding team at Mercury to approve your application and that can be done when there are no mistakes in your application and you have checked all the boxes they need.

So I decided to write this detailed and step-by-step guide that will:

• Give you an overview of the entire process with screenshots.
• Give you the common reasons for rejection that you have to avoid.
• Give examples to ensure you submit a high-quality application.
• Significantly improve your chances of approval on the first try.
• Give you actionable next steps on how to get your application approved once it is rejected for the 1st time.
• Get yourself a US business bank account with Mercury, making your life easy in running your US business.
• And the best part, it is FREE of cost.

I am also a preferred Mercury banking partner, and they also sent me some merch.

THIS GUIDE IS FOR YOU IF:

• You need a US bank account for your US Company.
• There is no point in incorporating your US company without a US bank account.
• Without a US bank account, you cannot run your business smoothly.

• You want to get a complete overview of the process (I have attached screenshots) BEFORE you apply for your Mercury bank account, so you are fully prepared with the information and documents you need.
• You don't want any last-minute surprises or confusion.
• You want to know the dos and don'ts, the common reasons for rejection, where others make the most mistakes, and what you should be careful about.
• Your Mercury bank account application has been rejected once, and you want to reapply after discovering the reasons for rejection.

Here's everything you get in the Step By Step Mercury Bank Account Guide:

1. About Mercury Bank            
2. Why Mercury Bank?
3. Benefits of a Mercury Bank Account   
4. Disadvantages of a Mercury Bank Account
5. Super Important Links
6. Other Important Links
7. Requirements for your bank account application
8. Step-by-Step Guide (Detailed Steps with Screenshots and Guidelines)
9. Common Rejection Reasons and Criteria
10. Bank Account Application Rejected (1st time) - What to do? Alternatives that I can apply for?
11. Mercury Contact Information
12. Change in Business Information

THIS GUIDE IS NOT FOR YOU IF:

• You are confident of filling out the application and don't need the help of this guide.
• If you already have experience applying for a Mercury bank account. In this case, too, I recommend using my partner link (https://mercury.com/partner/remotebusinesslife) to apply for your Mercury account for the following 3 additional benefits:
  • 1. Your application is expedited and processed faster. You skip the queue with this link.
  • 2. If your application is rejected, I can check with my point of contact at Mercury to find out the reasons and help you reapply.
  • 3. If you deposit $ 50,000 into your Mercury bank account (opened through my partner link) within the first 90 days, you'll receive $750 cashback as a reward.
• If your Mercury application has been rejected twice or more, the chances of it being accepted after two rejections are negligible, and hence, I do not recommend purchasing this guide.
  • If your Mercury application has been rejected twice or more, grow your business in the US to have more suppliers, clients, employees, partners, revenue, and expenses in the US, update your social media profiles, and get some social media coverage if possible (though not mandatory) and then re-apply for a Mercury bank account.
  • The gap between a rejection and reapplication should be a minimum of 6 months. When you decide to reapply after growing your business, that would be the right time to come back to purchase and make the most of this guide so you can apply accurately and more confidently.
  • In the meantime, you can open a bank account with other banking service providers like Airwallex (Airwallex is offering a $500 bonus sign-up for eligible clients who sign up through my partner link).
• If you are a founder residing and operating from one of the Prohibited Countries, Mercury will not be able to open a US bank account for you.
• Mercury will not be able to open a US bank account for you if you are a founder operating in the following industries or businesses. Adult Entertainment Businesses, Money Service Businesses, Controlled Substances, Counterfeit Goods, Cryptocurrency Mining, Cryptocurrency FBO/MTL Activity, Personal Use (businesses with no customers or services or products), Shell Corporations, Trusts, Businesses that frequently deal with physical cash.

Here is a screenshot from my Mercury Bank Account. I have the account myself, and I know the exact process required to open it, which I have shared with you in this guide.

Best way to use this Guide:

1. Read the complete guide first and re-read it if you have any confusion.
2. Prepare all the documents and information required for the application in advance.
3. 30-45 minutes to peacefully complete the full application, including the selfie verification process.

Regular Updates and up-to-date Information

This guide is regularly updated to reflect:

1. Changes in the Onboarding and Application Process of Mercury.
2. Changes in the list of acceptable and non-acceptable information and documents.
3. Changes in Risk and Acceptance Policies and Parameters of Mercury.

For this guide's most current, accurate, and reliable version, ensure that you purchase it from this official page only. Acquiring the guide from other sources may result in receiving outdated or incorrect information. We bear no responsibility for any content obtained from unauthorized sources or actions taken based on such information.

Important Disclaimers:

• I do not work at Mercury, nor do I approve or reject your application.
• Purchasing this guide does not guarantee approval for your Mercury bank account application.
• If you need a guarantee that your bank account application will be approved after purchasing this guide, this guide is NOT for you.
• This guide provides an overview of the process with screenshots, significantly increases your chances of being approved, shows you what you need to be prepared with, helps you submit a high-quality application, helps you avoid the common reasons for rejection, and shows you remedies to extract the reasons for rejection (in case your application is rejected) so you can successfully reapply.

Founders using this guide have written back to me with positive feedback. Their Mercury bank account applications were approved within 1-3 days and sometimes even on the same day, though that is rare.

Need Help? Have Questions?

If you have any questions or are confused about the guide's contents, reach out to me at hello@remotebusinesslife.com from the same email ID used to purchase it. I will verify your identity and reply within 24-48 hours.

If you contact me from another email ID that I cannot verify, I will not be able to reply.

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Notice: For the most current, accurate, and reliable version of this guide, please ensure that you purchase it exclusively from my official page. Acquiring the guide from other sources may result in receiving outdated or incorrect information. The author bears no responsibility for any content obtained from unauthorized sources or actions taken based on such information.

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