Mercury Bank Bonus: Grab $250 for New Business Accounts

Mercury Bank, a fintech company offering banking services through partner institutions, presents a lucrative opportunity for new business account holders. Secure a $250 bonus by depositing $10,000 within 90 days of account opening. This promotion complements an existing $500 bonus offer requiring a $5,000 deposit within the same timeframe. Both bonuses utilize the cumulative balance across checking and savings accounts; maintaining the required amount for a single day suffices. Mercury's business accounts boast attractive features, including no monthly fees, no minimum balance requirements, free domestic and USD international wires, and physical/virtual cards. While currency exchange incurs a 1% fee, the absence of monthly charges makes this a compelling proposition. The application process, however, may be more rigorous than traditional banks, potentially requiring an EIN, official company formation documents, and government-issued ID. Sole proprietors might face challenges unless demonstrating a substantial business presence. Approval typically takes 10-15 minutes. The article emphasizes that while bank bonuses, like those offered by Mercury, can be a great way to supplement income, potential applicants should carefully weigh the application requirements and approval process before proceeding. The author also highlights their success in earning over $6,000 from bank bonuses in 2022. This offer is available nationwide and involves a soft credit pull, requiring no direct deposit or credit card funding. While the closing fee remains unspecified, the potential financial reward is significant for those who qualify.

(Source: https://dannydealguru.com/mercury-500-business-account-bonus/)