Clarifying Mercury - Their Banking products are separate from their treasury products.
- Mercury checking and savings is free to all small businesses regardless of cash size. You can open one today in 10 minutes if you have your businesses EIN, legal address, and legal info on owners.
- Mercury Treasury, their investment product, requires a $500k in their banking products (checking). You do not need to lockup or open a $500k treasury position, you can do whatever after opening.
That’s a smart move with the 5% APY for business checking by Quickbooks.
“Native yield” feels like it may be a trend for both retail and businesses
Already happening in crypto 🤔
Thanks for this knowledge drop, Allen! I'm exploring Mercury more deeply now to see if it's a fit for me, or my wife! Happy almost 2024!
The account rep I worked with, Hannah, is fantastic in case you want to talk to someone live.
Clarifying Mercury - Their Banking products are separate from their treasury products.
- Mercury checking and savings is free to all small businesses regardless of cash size. You can open one today in 10 minutes if you have your businesses EIN, legal address, and legal info on owners.
- Mercury Treasury, their investment product, requires a $500k in their banking products (checking). You do not need to lockup or open a $500k treasury position, you can do whatever after opening.