Prohibited Countries – Mercury Bank (opens in new tab)

(support.mercury.com)

2 pointsabsqueued23d ago2 comments

2 comments

The email I received says "Due to recent changes in how we determine account eligibility, we are no longer able to support accounts for businesses with physical or residential addresses in these countries. As a result, we will be closing the Mercury account1 for xxx xxx, LLC on May 1, 2026."

So is this the end for Non-US founders? This was the only bank that offered accounts/fin service without being physically present.

GregReve19d ago

we built VaultLeap because of this. VaultLeap gives founders ACH and IBAN accounts that convert to stablecoin. You can move your funds onchain or convert back to USD/EUR bank account.

We charge lower fees than Wise and Mercury. Feel free to dm me on twitter @gregreveret for any questions

j / k navigate · click thread line to collapse

2 comments

absqueuedOP23d ago

So is this the end for Non-US founders? This was the only bank that offered accounts/fin service without being physically present.

GregReve19d ago

we built VaultLeap because of this. VaultLeap gives founders ACH and IBAN accounts that convert to stablecoin. You can move your funds onchain or convert back to USD/EUR bank account.

We charge lower fees than Wise and Mercury. Feel free to dm me on twitter @gregreveret for any questions

j / k navigate · click thread line to collapse