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Outgrow Mercury Banking

Slash delivers 40× the FDIC² coverage, 2%+ cashback¹, and native stablecoin rails. Most teams switch in about five minutes. No monthly fees. Keep your vendors. Onboarding in minutes. No monthly fees. Keep your vendors. Onboarding in minutes.

Rejuvaknee
Nuzzle
Eragon AI
Dualentry
Corgi
Bland
Hike
Primal Herbs
Privy
Noor
Triumph
Blink Digital

Why businesses switch from Mercury to Slash

Features
Slash
Mercury
  • Unlimited virtual cards for every user
  • Granular card spend controls
  • Multi-entity management in one platform
  • Stablecoin payments (USDC, USDT, USDSL) and on/off ramping support
  • Global account (available in 100+ countries)³
  • Treasury yield over 3.93% for businesses with over $500K⁴
  • Developer-friendly API for card issuing and payments

Four reasons founders and finance teams leave Mercury

Cashback

Mercury's IO card caps rewards at 1.5%. Slash pays up to 2%+¹ on every eligible purchase, with no categories to track and no spend minimums.

FDIC² coverage

Mercury Vault tops out at $5M. Slash places deposits across 800+ FDIC² insured banks via IntraFi, for up to $200M+ in coverage — forty times what Mercury offers. Same $250K per-depositor-per-bank deposit insurance mechanic underneath.

Stablecoin rails

USDC, USDT, USDSL, all native. Pay international suppliers in stablecoin and skip the FX bill. Mercury has nothing comparable.

Global USD and developer API

Receive and pay in USD from 100+ countries³. Issue cards globally. Build on a developer API that Mercury gates behind its Pro tier.

Everything Mercury does — FDIC² insured business checking accounts, savings accounts, ACH transfers, wire transfers, treasury management, multi-entity dashboards, QuickBooks and Xero integration — you'll find on Slash too.

Hear from businesses that switched

  • “We use Slash as our primary bank for outgoing payments — the cashback rewards are incredible, even better than Amex in our case. It's become an essential part of how we manage ad spend.”
    Jay-Jay P.
    Jay-Jay P.Founder & CEO, Hike Footwear
  • “Slash's working capital solution was a game-changer — quick approval and innovative underwriting helped us launch our new store quickly and accelerate growth.”
    Arjun Dhillon
    Arjun DhillonACD Logistics
  • “Before Slash, our finance team juggled multiple platforms for on ramps, custody, and banking. Now everything lives in one place, saving us countless hours and eliminating errors.”
    Max Segall
    Max SegallPrivy.io

Outgrow Mercury. Switch today.

Apply online. Migrate vendors, cards, and team access in one afternoon.

Get Started

Understanding Mercury Banking

Mercury is a fintech company headquartered in San Francisco. It offers banking services through FDIC² insured partner banks rather than running its own core banking. The product targets digital-first startups, venture debt recipients, VC-backed tech companies, and founders who moved over after SVB (Silicon Valley Bank) collapsed in 2023. Mercury is a financial services company, not a chartered bank.

Deposits sit at two Member FDIC² partners: Choice Financial Group and Column N.A. Patriot Bank, N.A. and additional insured banks come in through Mercury Vault, the expanded sweep. That setup contrasts with fintechs relying on a single banking sponsor like Evolve Bank & Trust.

Note: Mercury business banking is a separate entity from Mercury Financial LLC, a consumer subprime credit cards company acquired by Atlanticus in 2025.

What Mercury includes

Business checking accounts, savings accounts, a Mercury Mastercard debit card, and the IO credit card (1.5% rewards, no annual fee). Mercury Treasury is an investment product, not a deposit account — $250K minimum, not FDIC² insured. Core plan is free for small businesses; Plus and Pro add NetSuite automation, Xero sync, higher bill-pay volume, wider api access, and ACH transfers at higher transaction ceilings.

Where Mercury falls short

No cash deposits. No stablecoin rails. Basic card controls. US-only global reach. FDIC² caps at $5M. Teams processing high-volume check payments and international wires, or running multiple entities, tend to outgrow Mercury within the first year. Brex competes for a similar audience, but Slash is built for what comes after traditional banking relationships, not before.

Switching takes 5 minutes

  1. Apply online. Five-minute application with your EIN and business details.
  2. Import vendors and team. Bulk-invite users, relink recurring bills, pull in saved payees.
  3. Move balances. Transfer cash on your timeline. Keep your Mercury account open during the handoff.

FAQs

Ready to switch?

Open your Slash account. Earn up to 2%+ cashback¹, pay in stablecoin, and get $200M+ FDIC² coverage — 40× Mercury's ceiling.

Footnotes

¹ Up to 2%+ unlimited cashback on eligible spend. Cashback tiers vary by plan. See terms at slash.com/cashback. ² FDIC insurance up to $200M+ is provided through Column N.A. and the IntraFi program, which distributes deposits across 800+ FDIC insured member banks. Standard FDIC insurance maximum is $250,000 per depositor, per Member FDIC bank, per ownership category. See terms at slash.com/legal/column-sweep-agreement. ³ Global USD accounts in 100+ countries for eligible international businesses. Country restrictions apply. ⁴ Treasury yield as of 2026-04; variable. $500K minimum balance qualifies. See terms at slash.com/treasury. Banking services provided by Column N.A., Member FDIC². Slash is a financial services company, not a bank. Treasury services are not FDIC² insured.