Deposits in Mercury checking and savings accounts are held by our partner banks, Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC. Through sweep networks, these funds become eligible for up to $5M in FDIC Insurance. Certain conditions must be satisfied for pass-through insurance to apply. You can learn more about FDIC insurance on the FDIC website.
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. Funds in Mercury Treasury are not deposits or other obligations of Choice Financial Group, Column N.A., or Evolve Bank & Trust and is not insured by the FDIC.
To see how much coverage you currently have, go to your Mercury Vault.