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A Better Mercury Business Account

Slash delivers 40× the FDIC² coverage of a Mercury business account, 2%+ cashback¹, and native stablecoin rails. Most teams switch in five 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-friendly API that Mercury gates behind its Pro tier.

Everything a Mercury business account does — FDIC² insured business checking, savings accounts, ACH transfers, wire transfers, treasury management, QuickBooks and Xero — Slash does 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

Opening a Mercury business account: what you need

Mercury's online step application takes about 10 minutes with your documents ready. You'll need:

  • Personal info for KYC: full legal name on government issued ID, date of birth, home address, SSN
  • Work email (custom domain preferred over gmail)
  • Business information: legal name, DBA, physical address (no PO boxes), entity type, formation state
  • EIN (Employer Identification Number) — plus an EIN confirmation letter or 147C from the IRS if requested
  • Articles of incorporation, articles of organization, operating agreement, or bylaws — LLCs submit articles of organization; corps submit articles of incorporation
  • Passport or US address for international founders

Mercury supports LLCs, C-corps, S-corps, and certain sole proprietorships. Restricted business types include adult entertainment, cannabis, money services, and internet gambling. Approval typically runs 1–3 business days after you upload documents.

How Slash compares on application

Slash asks for the same core documents: EIN, legal name, entity type, articles of incorporation, and a government issued ID. Apply online, upload documents, complete KYC. Most accounts approve the same business day — no minimum balance, no monthly fees, no gated api access.

Understanding Mercury Banking

Mercury is a fintech company in San Francisco that offers banking services through FDIC² insured partner banks — not as a chartered bank. The product targets digital-first startups, venture debt recipients, and founders who moved after SVB (Silicon Valley Bank) collapsed in 2023.

Deposits sit at two Member FDIC² partners: Choice Financial Group and Column N.A. Patriot Bank, N.A. comes in through Mercury Vault, the expanded sweep. That differs from fintechs relying on a single banking sponsor like Evolve Bank & Trust.

Mercury's Core plan is free. Plus and Pro add NetSuite automation, Xero sync, wider api access, and ACH transfers at larger transaction ceilings. The IO credit card earns 1.5% cashback. Mercury Treasury is an investment product ($250K minimum, not FDIC² insured).

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

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.