Deposits in Mercury checking and savings accounts are held by our partner banks, Choice Financial and Group, Column N.A., 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 or Column N.A., and is not insured by the FDIC.
Eligible customers may have more coverage, check your Mercury Vault for more information.
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. FDIC deposit insurance covers the failure of an insured bank. Deposits in checking and savings accounts are FDIC-insured through Choice Financial Group and Column N.A. and their Sweep Program Network Banks. Certain conditions must be satisfied for pass-through FDIC insurance to apply. Learn more here.