When applying for a bank account with Mercury, it's important to provide the correct address information in accordance with recent compliance changes. This article will guide you through the updated address requirements to ensure a smooth application process.
Why the Change?
In the past, Mercury allowed the use of virtual mailroom addresses, Registered Agents addresses, or PO boxes when applying for a bank account. However, due to recent changes in their compliance requirements, Mercury now requires applicants to provide the actual address from where their business will be managed. This means the place where you are physically located.
What You Need to Do
When applying for Mercury's bank account, you'll need provide a business or residential address, whether it is within the United States or international (it can be your home country's residential address). This address should accurately represent the location from which your business operations are managed.
Mercury will require you to verify the provided address by submitting a utility bill or a bank statement issued within the last 60 days as a proof of address. The document you submit must clearly display the address you provided during their application process.
What if I add the wrong address and my application is rejected?
You'll need to contact Mercury directly at firstname.lastname@example.org and email@example.com and request them to modify that information in your application. Be sure to attach the proof of address document to this email, to make the process smoother. Mercury's team will review everything once again, and you'll be updated.