How to Set Up Your Bank Account with Mercury

We’ve loved using Mercury for our banking, and we would recommend them to any other fund or company getting started. Below is the 14 step process we followed to get our account set up in under a week.

P.S. You can get $250 cash when you spend $10k on a new Mercury debit card within the first 90 days using this link.


Visit Mercury. Click on the tab of “Open Account” in the top right corner.

Insert the following information in the next screen:

  • First name
  • Last name
  • Email address
  • Password

Check the box and agree to receive an electronic communication then click “Create Account”.


Insert the following information about your company:

  • Your company name
  • Your role in the company – You can select among founders, CFO, Investor, Manager, etc.

Then click “Next”.


Choose your call sign or the specific permalink for your company.


Click “Looks Good”.


Select the type of your company and what it deals with among the following:

  • Registered with SEC
  • Publicly traded
  • Owned by a public company
  • Gambling
  • Money service business
  • Firearms
  • Controlled substances
  • Government organization
  • Tax program
  • Adult entertainment

Only the above 3 categories will be accepted by Mercury. If your company is one of the three select them and click “Next” or click “None of the above” to proceed.


From this step, you will be directed to a total of 7 steps about your business. You will be needing the mentioned necessary documents from now on.

Get started and click on “Start Your Company Profile”.


First to fill is your COMPANY INFO that includes:

  • Company name
  • Legal business name
  • Employer identification number (EIN)
  • Company type (LLC, LLP, C corporation, Non-profit, etc.)
  • Industry (e-commerce, Entertainment, Fitness, IT, etc.)
  • Description about your business up to 280 words

Complete & click “Next”.


The second is to fill your COMPANY CONTACTS with the following:

  • Country
  • Business address
  • City
  • State/Province
  • Postal code
  • Phone number

Complete & click “Next”.


Third is to fill your COMPANY OWNER’S PROFILE with the following:

  • First name
  • Last name
  • Email address
  • Job title (CEO, Founder, Partner, etc.)
  • Postal code
  • Percentage of ownership (must be more than or equal to 25%)

Once complete click “Continue” check the box to certify then click “Next”.


Fourth is to fill in your BUSINESS NAMES. If your business is having DBA (doing business as) select Yes and attach the Trade name document, if not select No and then click “Next”.


Fifth is to attach the FORMATION DOCUMENT. You can attach any one of the following from the list below in the format of PDF/JPG/PNG:

  • Articles of incorporation
  • Articles of formation
  • Assumed name certificate
  • Good standing certificate
  • Certificate of formation
  • Other related documents

Once uploaded, click “Next”.


Sixth is to attach the EIN VERIFICATION DOCUMENT. You can attach IRS documents like CP 575, 147 c, IRS-returned or the screen shot including your EIN. Upload & click “Next”.


Write some additional information about your business: 

  • Define about suppliers you are working with
  • Define your products and services
  • Your store’s website address
  • How do you receive payments currently?

Once done click “Review Your Application”.


Next, to AGREE to TERMS & SERVICES of Evolve Bank read carefully then click “Agree and Submit Company Profile”.

Your application is now submitted and being processed. Mercury will notify you about the application status within 2-4 working days.

Once approved, you will be able to manage your transactions.

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