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 and automatically uploads formation documents for your entity.

Before you apply

• Your OtoCo entity must exist (Delaware or Wyoming Instant / protected series or Standalone LLC, including BYOE)
• An EIN is recommended — the Banking tab will prompt you to add one or Continue without EIN
• A physical address (anywhere — not registered agent) plus proof such as a utility document in a member’s name. You can use Virtual Mailing Address ($249/yr) or your own address where mail can be received. See Mercury Bank Documents.

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 and automatically uploads your entity documents

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

What OtoCo attaches

• OtoCo Instant / protected series — Master Certificate of Formation (UI label: Certificate of Formation), Operating Agreement, and EIN letter (when issued). Same packet if a protected series was added later under the same Master. See Mercury Bank Documents.
• Standalone / BYOE — only documents already uploaded (that entity’s state-issued Certificate of Formation, Operating Agreement, EIN letter)

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 guides: Mercury Bank Documents · Banking & EIN