Mercury Bank ITIN Account 2026: Open Business Banking Online

What Is Mercury Bank and Why Do ITIN Holders Choose It?

Mercury is an online banking platform built for startups, freelancers, and small businesses. It partners with Evolve Bank & Trust and Choice Financial Group to provide FDIC-insured accounts. Mercury has no physical branches. Instead, it offers a digital dashboard with banking tools designed for modern businesses.

Mercury by the Numbers

• 100,000+ business accounts opened
• $0 monthly fees and $0 minimum balance
• Up to $5 million FDIC insurance through sweep network
• 1 to 3 business day approval for most applications
• Free domestic ACH and wire transfers
• $20 per outgoing international wire
• Unlimited virtual debit cards at $0 cost
• Integrations with QuickBooks, Xero, Gusto, and Stripe

For ITIN holders, Mercury stands out because it does not require an SSN. Your ITIN works as your personal tax ID during the application. Mercury treats ITIN accounts identically to SSN accounts for features, fees, and access. This makes Mercury valuable for non-resident entrepreneurs who form a US LLC to operate their business.

Does Mercury Accept ITIN Holders for Business Banking?

Yes. Mercury explicitly accepts ITINs as valid tax identification for business account owners. During the application, Mercury asks for your personal tax ID number. Enter your 9-digit ITIN in this field. Mercury also requires your business EIN, which is a separate number from your ITIN.

Business Entity Requirement

Mercury is business-only banking. You need a US-registered LLC, C-corporation, S-corporation, or partnership. Personal accounts are not available. If you do not have a US business entity yet, you need to form an LLC with your ITIN before applying. Popular states for non-resident LLCs include Wyoming ($100 filing fee), Delaware ($90 filing fee), and New Mexico ($50 filing fee).

EIN Requirement

Your business needs an EIN (Employer Identification Number) from the IRS. The EIN is free and can be obtained by mail or fax using IRS Form SS-4. Non-residents without SSNs must apply by mail or fax, which takes 4 to 6 weeks. Learn more about the relationship between ITINs and EINs in our ITIN vs EIN guide.

What Documents Do You Need to Open Mercury with an ITIN?

5 items are required to complete the Mercury application with an ITIN. Have all documents ready before starting.

• Valid ITIN: Your 9-digit IRS-issued Individual Taxpayer Identification Number. Issued through Form W-7 under IRC Section 6109.
• EIN (Employer Identification Number): Your business federal tax ID. Obtained free from the IRS via Form SS-4.
• US-registered business entity: Articles of Organization (LLC) or Certificate of Incorporation. Must show your business name, state of registration, and registered agent.
• Valid passport: Current, unexpired passport from your home country. Mercury uses this for identity verification.
• Business details: Company name, address, website (if applicable), industry category, and a brief description of your business activity.

How Do You Open a Mercury Account with an ITIN?

The process takes 6 steps and 1 to 3 business days from application to approval. Here is the complete walkthrough.

1. Visit mercury.com and click Open Account. Enter your email and create a password. Mercury sends a verification email within 60 seconds.
2. Enter your business information. Provide your LLC name, state of registration, EIN, business address, and a description of your company activities. Select your industry category from Mercury's dropdown list.
3. Enter your personal information. Provide your full legal name (matching your passport), date of birth, and ITIN as your tax identification number. Upload a photo of your passport for identity verification.
4. Upload supporting documents. Mercury requests your Articles of Organization, EIN confirmation letter (CP575), and operating agreement (for multi-member LLCs). Upload in PDF format for fastest processing.
5. Submit and wait for review. Mercury reviews within 1 to 3 business days. You receive an email when approved. Some applications are approved same-day.
6. Fund your account and order debit cards. Deposit via ACH transfer, domestic wire, or international wire ($0 incoming). Order your free physical Visa debit card and create virtual cards instantly from the dashboard.

What Features Does Mercury Offer ITIN Business Owners?

Mercury provides 8 key features that make it the top business banking choice for ITIN holders.

Free Domestic Transfers

$0 for ACH transfers and $0 for domestic wire transfers. Send and receive payments within the US at no cost. Essential for paying contractors, receiving client payments, and managing business payroll.

International Wire Transfers

Send money internationally for a flat $20 fee per transfer. Incoming international wires are free. For lower-cost international transfers, pair Mercury with a Wise ITIN account for multi-currency conversions at 0.3% to 1.5% fees.

Virtual and Physical Debit Cards

Create unlimited virtual cards instantly. Each virtual card gets a unique number, expiration date, and CVV. Set spending limits per card. Physical Visa debit cards ship free within 5 to 10 business days.

Team Access and Permissions

Add team members, bookkeepers, or accountants with custom permission levels (view-only, transfer, or admin). Useful for ITIN holders who work with a US-based CPA for ITIN tax return filing.

Accounting Integrations

Mercury connects with QuickBooks Online, Xero, Gusto, and Stripe. Transactions sync automatically, eliminating manual bookkeeping. This integration is critical for maintaining clean financial records for your US tax obligations.

Mercury Treasury

Earn yield on idle cash through Mercury Treasury. Funds are swept across a network of partner banks for up to $5 million in FDIC insurance coverage. Available to all account holders including ITIN holders.

What Does Mercury Cost for ITIN Holders?

Mercury charges identical fees to ITIN and SSN holders. Here is the complete fee schedule as of May 2026.

How Does Mercury Compare to Relay and Wise for ITIN Holders?

All three banks accept ITINs and charge $0 monthly fees. The best choice depends on your specific business needs.

For a full comparison of all banking options, visit our ITIN bank account guide. For Relay details, see Relay Bank ITIN guide. For Wise details, see Wise ITIN account guide.

Who Should Use Mercury with an ITIN?

Mercury is the best fit for 4 types of ITIN business owners.

E-commerce Sellers

Amazon sellers and Shopify store owners use Mercury to receive marketplace payouts and manage business expenses. Mercury provides the US bank account and routing number required by Amazon, Shopify, and Etsy.

Freelancers and Consultants

Freelancers with ITINs use Mercury to receive client payments via ACH (free), manage project expenses, and integrate with invoicing tools. Mercury works with PayPal and Stripe for payment processing.

Tech Startups

Mercury is the preferred bank for Y Combinator and other startup accelerators. ITIN holders building tech companies get access to the same banking tools used by funded US startups.

Real Estate Investors

ITIN real estate investors use Mercury to hold LLC funds, pay property management fees, and receive rental income. Mercury keeps investment finances separate from personal accounts.