How do I apply for a Mercury bank account?

OtoCo offers a $299 one-time Mercury Bank application service that pre-fills and submits your Mercury application using documents on file for your entity.

Before you apply

• Your OtoCo entity must exist (Delaware or Wyoming Series or Standalone LLC, including BYOE)
• An EIN is recommended — the Banking tab will prompt you to add one or Continue without EIN
• A U.S. business address helps — consider the Virtual Mailing Address ($249/yr)

How to apply

Option A — Banking tab

1. Open your entity DashPanel → Banking tab (marked BETA)
2. Pay the $299 application fee
3. OtoCo pre-fills Mercury with your entity documents and submits

Option B — OtoCo AI Ask in Workbench: "Open a business bank account" or "Apply for Mercury"

What OtoCo attaches

• Series LLCs — Certificate of Formation, Operating Agreement, EIN letter (when issued) — auto-generated
• Standalone / BYOE — only documents already uploaded to your entity

You then complete personal details on Mercury's hosted flow (beneficial owner info, business description).

After submission

Track status on the Banking tab: approved, pending, information_requested, etc. Mercury reviews on its own timeline — usually fast, but not guaranteed.

Full guide: Banking & EIN