Mercury: Built for startups

Mercury is a financial technology company (not a bank) that partners with Choice Financial Group and Evolve Bank & Trust. It offers US-first VC-backed startups API access and fee-free domestic wires. However, onboarding can be rigorous for non-US residents.

Wise Business: The multi-currency default

Wise Business supports 40+ currencies and offers mid-market FX rates. It is the best choice for agencies paying international contractors or receiving funds globally.

Relay: Small business focus

Relay is built on the Profit First methodology, allowing up to 20 checking accounts and robust accounting integrations. Airwallex also serves cross-border high volume operations well. Always check onboarding requirements per provider to see which fits your specific entity.

Frequently asked questions

Can a foreign-owned Wyoming LLC open a Mercury account?

Yes, but approval depends on your business model, customer base, and clear US nexus. It is not guaranteed.

Does Wise Business replace a traditional bank account?

For many digital businesses, yes. However, some merchant processors require a traditional bank for payouts rather than an EMI like Wise.