alt Hacker NewsI just wanted to leave a glowing comment about Mercury itself, since this is one of the few times I’ll be able to.
I’ve been using Mercury for 5 years. In that time, I’ve been able to wire transfer money without having to worry it might disappear (functionally impossible at certain other banks), created hundreds of virtual debit cards each with their own limit and pulling from different accounts, created dozens of accounts (a “place to put money”) named by function (each of my household utilities gets its own account, with an automatic rule to pull in money whenever it gets paid out), and… well, I think that covers everything.
This has given me unprecedented insight into my financial life. I know exactly how much I spend on groceries, on each utility, and on entertainment. I can project ahead and get a burn rate for my household. And my ex wife uses it too, on the same login, which is as easy as “make an account named with her first name” and a corresponding virtual debit card.
I’m convinced the only reason people don’t use Mercury is that they don’t know what they’re missing.
You have to pay for personal banking (a couple hundred a year iirc), but the business banking is free. If you want to try them out, you can start an LLC for a few dollars (at least in Missouri) and get overnight access to Mercury. All that’s required is your EIN.
They’ve been one of the single best products I’ve ever used. The sole wrinkle was when they canceled all their existing virtual cards due to reasons, which threw my recurring billing into chaos. But every great company is allowed at least one mega annoyance, and that one was a blip.
If you’re wondering whether to try them out, the answer is yes, and I’m excited for you to discover how cool it is. https://www.mercury.com
Replies
> I’m convinced the only reason people don’t use Mercury is that they don’t know what they’re missing.
Very well could be true because I had no idea who or what they are.
Do they have strong low level automation support for the customer programmatically even for personal accounts? I use ledger for plaintext accounting for both personal and business and sync of data is slightly annoying, perhaps Mercury’s products solve that trivially?
> I’ve been able to wire transfer money without having to worry it might disappear
I thought that was the whole point of banks - does money randomly disappear when people do wire transfers?
I badly want to try out Mercury, in fact I have an account already, but they don't yet support Zelle. I really hope their national bank charter application gets approved. (They applied for one last December.) Once they support Zelle, I'll drop U.S. Bank, as their app sucks and they don't have an API.
Can confirm. I've been using Mercury for three years now for my LLC. Everything is just so smooth.