Banking with Mercury: A Visual Quick Start Guide for Startups (FREE Business Checking and Savings)

[@abdullahmustafawi3165]

Thank you so much. It was so helpful, please keep up the good work!

[@elinausanova2761]

So helpful video with tone of informations. Thanks so much for this video REtipster!!!

[@Retipster]

Thanks for watching, Elina!

[@kikirdgz]

What a great video! Very informative and straight to the point! Thank you so much 🙏🏾

[@Retipster]

Thanks for watching! I'm glad it was helpful.

[@snozzlehead92]

Great tutorial. I have a question: I joined using your affiliate link with the "Deposit $10k and receive $200" promotion. After the sign-up is complete at 12:10 (where it suggests fast-tracking the process by making a deposit) do we need to deposit $10k USD to Mercury as the very first deposit? Or can we deposit a smaller amount first (i.e. $100 USD,) and deposit the $10k later? Also, does the $10k need to be deposited in a single transaction? Or can it be spread across multiple transactions over multiple days/weeks, so that the collective amount equals $10k?

[@nisa7328]

For foreign exchange does it really take the 1-5 business days?

[@k4rim799]

So I need no Itin number?

[@falkimusicon]

I have an account in Mercury, I am going to start advertising to users, I can use the money in the account or I have to get an advertising card to use the money that falls into that account. I speak Spanish, I am using the translator, put the substitutes in Spanish

[@angelayan8712]

I am a REI looking to leave the brick and mortar retarded bank. Good to know you are using Mercury for your purpose and it is doing well. I usually have a big chunk of cash sitting around but it needs to deploy when i need it. How do you park such money with Mercury capitalizing on their high yield? Thanks!

[@Carl4847]

What kind of address fid you use as your business addresa? (PO Box or registered agent? )

[@Retipster]

I used a rented mailbox for mine, but I hear they've started requiring physical addresses verified by utility bills. If you need this kind of verifiable physical address, you can get one through this service: kzbin.info/www/bejne/nai4h5V9nLl1iJosi=Q0_qhMaht__soNId

[@MaDarlinTenoso-w5r]

No contact number in case there's an urgent matter that needs to be fixed.

[@ramsonlontsi3026]

Super insightful

[@ElegantAstronaut]

Hi man, how much should you transfer to activate the account? What is the minimum amount? And do they accept a minimum amount since im not gonna use it for spending (only receiving from stripe as start)?

[@Retipster]

If you want the free money they'll give you (I believe it's $100), I think the number is $10K, but I don't think you technically _need_ to do this just to open the account. Any smaller amount is fine for the purpose of getting it up and running.

[@ElegantAstronaut]

@Retipster thanks for the response man! I just want to use it with srtipe to receive money from my funnels.

[@gastonm]

Hi, is there a way to send a payment request, so the person who recibes it can pay with a credit card? Or thats not posible with Mercury? Thanks!!

[@Retipster]

That's a great question. I think the answer is 'no.' If you need a way to bring money into your account (other than transferring from another exiting bank account you control), I think you'd need a payment processor like PayPal, Stripe or Wise.

[@Jasim25]

Can I use my shopify website for business website?

[@Retipster]

I don't see why not.

[@PhoenixEncore]

I don't see the pros and cons video on Mercury bank in your video list.

[@Retipster]

Thanks for asking! I'm still getting it ready. Should be out soon.

[@PhoenixEncore]

@@Retipster I'll keep an eye out

[@foodieshares3457]

Hi nice info👍The international wires option is not showing in my account and the ACH needs a routine number. The supplier doesn't have routine they gave me sift code. Is there any other way to transfer them money?

[@Retipster]

That's a great question for them. You can email them to ask at [e-mail].

[@GlennGu]

I am not a U.S. citizen and I do not have a business in the United States. Can you register a Mercury Bank account for me? i can pay for this

[@mohammed-elaissaoui]

go get a company, shut up

[@Huy-bp4pz]

If I was declined, how can I reapply ?

[@Retipster]

Why were you declined?

[@dailybestshop4131]

im blocked in this step im not us resident how can I solve it ??please help me !!! "We're unable to accept PO boxes, registered agent addresses, or mail centers as your company address. Please provide a business or residential address, either US-based or international"

[@Retipster]

You cannot provide _any_ business or residential address, even if it's in your home country? I eventually had to give them my home address, which is fine because it doesn't appear publicly. Could you do the same? If you can't figure it out, this guy can probably help you too: tonydurante.net - he specializes in this stuff.

[@dailybestshop4131]

@@Retipster i can provide any address but i have another answer "Due to recent changes in our compliance requirements, we need to verify your company address. Please provide a utility bill or bank statement issued in the last 60 days that lists the address you provided."