Mercury Bank with ITIN: How Non-Residents Can Open Account

What Is Mercury Bank?

Mercury is an online banking platform designed for startups, freelancers, and small businesses. It is not a traditional bank with physical branches. Instead, Mercury partners with Evolve Bank & Trust and Choice Financial Group to provide FDIC-insured accounts through a sleek digital interface. Mercury has become one of the most popular banking choices for US-based businesses because of its zero-fee structure, fast account opening, and powerful financial tools.

For ITIN holders, Mercury stands out because it does not require an SSN to open an account. As long as you have a valid ITIN and a US-registered business entity, you can access the same features as any other Mercury customer. This makes Mercury especially valuable for international entrepreneurs who form a US LLC to operate their business.

Does Mercury Accept ITIN Holders?

Yes. Mercury explicitly accepts ITIN holders for business banking accounts. When you apply, Mercury asks for your tax identification number, and an ITIN works in place of an SSN. You will need to provide your ITIN along with your business's EIN during the application process.

Mercury does not offer personal banking accounts. It is strictly a business banking platform. This means you need a US-registered LLC, corporation, or other business entity to qualify. If you do not have a business yet, you will need to form one before applying. Many non-residents form a single-member LLC in states like Wyoming, Delaware, or New Mexico before opening their Mercury account.

Requirements for Opening Mercury with an ITIN

Before you start the application, make sure you have the following documents and information ready:

• Valid ITIN: Your IRS-issued Individual Taxpayer Identification Number. You will enter this as your personal tax ID during the application.
• EIN (Employer Identification Number): Your business's federal tax ID. Mercury requires this for all business accounts.
• US-registered business entity: An LLC, corporation, or partnership registered in a US state. You will need your Articles of Organization or Certificate of Formation.
• Valid government-issued photo ID: A passport from your home country is the most commonly accepted form of identification.
• Business details: Your company name, address, website (if applicable), and a brief description of what your business does.

Step-by-Step: Open a Mercury Account with ITIN

Follow these steps to open your Mercury business bank account using your ITIN:

1. Visit mercury.com and click “Open Account.” Start the online application by entering your email address and creating a password.
2. Enter your business information. Provide your LLC name, state of registration, EIN, business address, and a short description of your company's activities.
3. Enter your personal information. Provide your full legal name, date of birth, and ITIN as your tax identification number. Upload a photo of your passport for identity verification.
4. Upload supporting documents. Mercury may ask for your Articles of Organization, EIN confirmation letter (CP575), or operating agreement. Have these files ready in PDF format.
5. Submit and wait for review. Mercury typically reviews applications within 1 to 3 business days. You will receive an email when your account is approved.
6. Fund your account and order your debit card. Once approved, deposit funds via ACH transfer, domestic wire, or international wire. Order your free Visa debit card from the dashboard.

Mercury Features for International Entrepreneurs

Mercury offers several features that make it particularly useful for non-resident business owners who operate remotely:

• Free domestic ACH and wire transfers: Send and receive payments within the US at no cost. This is essential for paying contractors, receiving client payments, and managing payroll.
• International wire transfers: Send money abroad for a flat $20 fee per transfer. Mercury supports transfers to most countries worldwide.
• Virtual and physical debit cards: Create unlimited virtual cards for online subscriptions and purchases. Each card can have its own spending limit, making expense management easier.
• Team access and permissions: Add team members, bookkeepers, or accountants to your account with custom permission levels. This is useful if you work with a US-based CPA or financial advisor.
• Integrations: Mercury connects with QuickBooks, Xero, Gusto, and other business tools. Automatic transaction syncing simplifies your bookkeeping.
• Treasury and savings: Earn yield on idle cash through Mercury Treasury, which sweeps funds across a network of banks for up to $5 million in FDIC insurance coverage.

These features make Mercury a strong choice for ITIN holders who need more than just a basic checking account. Whether you run an e-commerce store, freelance business, or tech startup, Mercury provides the tools to manage your US finances professionally. For a broader look at banking options, see our complete ITIN bank account guide.

Mercury Bank Fees for ITIN Holders

One of Mercury's biggest advantages is its transparent, low-fee structure. Here is what you can expect:

Mercury does not charge ITIN holders differently from SSN holders. You get the same fee structure regardless of your tax identification type. For alternatives with different fee models, compare Wise account with ITIN and Relay Bank with ITIN.