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.
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
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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.
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