image credit: Freepik

US neobank Mercury enters consumer banking market with Mercury Personal

April 18, 2024

Founded in 2017, Mercury states customers of its new solution will have access to features such as customisable debit card limits, worldwide ATM fee reimbursements, no-fee domestic wires and ACH transfers, alongside no minimum balances.

In addition, at the time of its launch, Mercury Personal offers potential customers up to $5 million in Federal Deposit Insurance Corporation (FDIC) insurance cover and a high-yield savings account with a 5% annual percentage yield (APY) for a $240 annual subscription fee.

Read More on FinTech Futures