Does Mercury work with crypto businesses?

Yes, Mercury supports eligible crypto and Web3 businesses. Its accounts currently hold fiat rather than cryptocurrency. That is different from holding supported stablecoins in a self-custodial wallet with Bancoli.[2] [11]

Can a founder outside the US apply?

Mercury accepts applications from nonresident founders of eligible US- or US-territory-registered businesses, subject to operations, address and country requirements. Bancoli checks business registration and beneficial-owner tax residence separately, including a limited list of supported US states.[1] [10]

Are both account balances FDIC insured?

No. Eligible Mercury partner-bank deposits can receive FDIC coverage under the banks’ deposit and sweep-program conditions. Bancoli’s supported stablecoins are not bank deposits and are not FDIC insured. The same protection does not apply to both asset types.[4] [11]

Does every Mercury international payment cost 1%?

No. Mercury lists no sending fee for standard USD international wires. Its 1% conversion fee applies to non-USD wires. Intermediary-bank charges and optional processing fees can still apply; check the quote for your route.[6] [5]

Is Mercury Treasury an insured savings account?

No. Treasury is a separate investment product for eligible Mercury customers, with balance requirements, fees and investment risk. Its investments are not FDIC insured and can lose value. It should not be treated as the same product as a bank deposit.[7] [8]

Can I keep my current bank when using Bancoli?

Yes. Bancoli can sit alongside existing bank accounts. That can let your business keep a USD operating account while using supported stablecoins and available Bancoli payment routes. Check eligibility and costs for each part of the workflow.[13]

Bancoli vs Mercury · United States

USD operations.Or stablecoin workflows.

Mercury brings USD banking, cards and spending tools together. Bancoli connects supported stablecoins in self-custody with invoicing and available payment routes. Start with what your business needs to hold, receive and pay.[3] [9] [11]

Get started with Bancoli Compare the details

Bank-payment features require approval. Check eligibility before applying.

Bancoli

From customer payment to supplier payout

Receive USD or supported stablecoins
Hold supported stablecoins in self-custody
Pay suppliers on available routes

Smart USD displays supported stablecoins held in your self-custodial wallet. These assets are not bank deposits and are not FDIC insured.[11]

Reviewed 29 October 2026

This comparison covers Mercury’s US business offering and eligible Bancoli business users. Account availability and payment routes are subject to each provider’s requirements.

Find your fit

Two ways to support your next chapter.

A dollar operating account and a self-custodial stablecoin workflow solve different needs. They can also sit alongside each other.

Consider Mercury

When your eligible US business needs partner-bank USD checking and savings, cards, bill pay and spending controls in one place.[3] [4]

Consider Bancoli

When your business wants to receive supported stablecoins, keep them in self-custody, create invoices and pay suppliers on available routes.[9] [13] [11]

A workflow that works for you

Look beyond the account label.

The assets you hold

Mercury supports eligible crypto and Web3 businesses, but its accounts currently hold fiat. Smart USD displays supported stablecoins held in your self-custodial wallet.[2] [11]

The work you manage

Mercury includes invoicing and bill pay, with advanced workflows depending on the plan. Bancoli also includes invoice creation and tracking, with approved bank-payment features available to eligible users.[3] [9] [11]

The suppliers you pay

Mercury supports USD wires and non-USD wires in 40+ currencies. Bancoli supports supplier payouts in 40+ currencies, including to external bank accounts where available. Currency counts describe payout options, not balances held.[5] [6] [13] [9]

Compare the plan. Then compare the payment.

The subscription is one part of the decision. Check the currency, monthly volume, receiving method and payout route you actually use.

Mercury core business plan

per month

Standard USD international wires have no Mercury sending fee. Non-USD international wires list a 1% conversion fee. Intermediary charges, optional processing and paid features may add costs.[3] [5] [6]

Bancoli Free

monthly membership

Includes invoice creation and supported stablecoin features. Transaction and conversion charges can apply. FX allowances and currency tiers are listed on the pricing page.[9]

Bancoli’s included FX volume and charges vary by plan and currency. An included allowance is not unlimited free conversion. Check the current quote and pricing before sending.[9]

The details that shape your day.

Mercury’s US business offering and eligible Bancoli services. Payment currencies, custody and deposit coverage are different features.
What matters	Mercury	Bancoli
Money held and protection	Partner-bank USD checking and savings. Potential FDIC coverage through bank sweep networks is subject to deposit and program conditions.[4]	Supported stablecoins in self-custody, displayed as Smart USD. Not a bank deposit; no FDIC insurance.[11]
Stablecoins and crypto businesses	Serves eligible crypto and Web3 businesses. Its accounts currently hold fiat, not cryptocurrency.[2]	Supported stablecoins are part of the self-custodial workflow, subject to eligibility and asset availability.[13] [11]
Receiving USD	USD business accounts with bank-payment services, including ACH and wires.[3]	Available ACH and RTP receiving routes require approval. Received USD converts into the supported stablecoin held in your wallet.[12] [11]
Invoicing and expenses	Invoicing, bill pay, cards and expense controls; advanced workflows vary by plan.[3]	Invoice creation and tracking on Free, with features and allowances varying by plan.[9]
International payments	Standard USD wires have no Mercury sending fee. Non-USD wires list a 1% conversion fee across 40+ supported currencies. Other charges may apply.[5] [6]	Supplier payouts in 40+ supported currencies. Pricing depends on currency, plan allowances and available payment routes.[9] [13]
Who can apply	Eligible US- or US-territory-registered businesses with existing or planned US operations. Nonresident founders can apply, subject to country rules.[1]	Supported business jurisdictions and beneficial-owner tax residences. US registrations are limited to supported states; approval is required.[10] [11]

Product availability, fees and approval requirements can change. This is a comparison of published features, not a promise of account approval or a quote for a particular payment.

Check eligibility before you choose.

Mercury requires US or US-territory business registration, existing or planned US operations, and an acceptable principal business address. Nonresident founders may apply, subject to supported countries and other requirements.[1]

Bancoli checks business registration and each beneficial owner’s tax residence. US registrations must be in a supported state; many US states are not supported. Account eligibility does not guarantee every payment rail or destination.[10] [11]

Check Bancoli eligibility

A few useful answers.

Sources, with the details in view.

Based on the official product, pricing and eligibility pages below, reviewed on 29 October 2026. Our “best fit” guidance is an editorial judgment based on these features.

Competitor information refers to the US business offering unless a regional limitation is stated. Follow the current provider terms if a page has changed.

Build around the way you get paid.

Start with supported stablecoins and invoicing. Apply for bank-payment features when you need them. Availability depends on your business, location and approval.

Explore Bancoli pricing Check Bancoli eligibility

Get started with Bancoli