Are my funds insured?
Mercury checking and savings deposits are FDIC-insured up to $5M. As a broader effort, we are working on expanding all coverage even further. You can learn more about FDIC insurance through their own FAQ here.
Mercury Treasury deposits are insured by the Securities Investor Protection Corporation (SIPC). In the very unlikely event our brokerage partner fails and your securities cannot be transferred, the SIPC will insure customers with up to $500K in securities and cash.
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.