Bonus has now ended. Please rest assured that everyone who applied prior to today March 24th at 3 pm MT will have their $500 bonus offer honored as long as they meet the conditions.
Offer at a glance
- Maximum bonus amount: $500
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: No
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Mercury is a ‘banking stack for startups and small businesses’ and is offering a bonus of $500 when you deposit $5,000 within the first 90 days
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about
Early Account Termination Fee
I’m unsure if there is any early account termination fee or not
Our Verdict
Previously offered a $500 bonus but that required spending $10,000. I’d recommend reading that thread for more information on the referral process.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
If anybody needs a referral I can give it to you.
This offer is not as good as the expired one but $250
is pretty good and they payout pretty fast. (o:
Refer someone to Mercury. If they deposit $10,000 into their Mercury account in the first 90 days, you’ll both earn $250.
For those who got the $500 bonus and then withdrew the $5k—did the bank give you any trouble?
Opened 03/21 and transferred $5050. Reached out to them to ask when I would receive the bonus on 04/14, they didn’t specifically reply but I got the bonus 04/15
The bank agent is playing dumb and giving different excuses despite that I opened my account during the promo and even had an email confirmation from an agent about the offer after I opened the account. I kept the $5K for 3 days then withdraw. I am going to file a complaint and threatened them to do so but they are playing dumb
Does anyone have the terms to this offer? I’ve asked support for them but not sure if I will get them.
Does anyone have a screenshot of the original terms? Sounds like you had to request to receive them.
I recently applied for the Account with the bonus link on March 21st which was before the offer was pulled. However it took well over a week for them to approve my application due to them wanting more verification of my business. I was waiting multiple business days before they asked for more.
I was eventually approved on March 28th (after the offer was taken down) and went ahead and funded the $5,000. No bonus. I waited a week or so and emailed customer support. They eventually explained that my “Approval date” was after the “eligibility period”
I emailed back saying that I “applied” before the eligibility period ended and asked them to reconsider the decision. I am still waiting to hear back.
Any advice on how I can fight this? Or am I just out of luck?
I am in the exact same situation. They took 2 days to approve my application. Now they are stating that the bonus is based on approval date which is absurd.
I am going to fight this for sure since they are trying to act smart. Now that CFPB route is no more, i am thinking of going through my states attorney general consumer protection office.
They have told me multiple times that they cannot change the decision that has been made. I have since for the terms of the promotion a total of 4 times. They seemingly ignored the first request, I followed up with another request where they didn’t answer me directly, and instead clarified they wouldn’t be paying me. I asked a third time for the terms and after no response and 3 business days later I have requested a fourth time for the terms. In the meantime, I will also be contacting my state consumer protection office. I heard some people have had recent success with the national protection office after recent changes?
Does anyone have a screenshot of the terms for the bonus before it got pulled?
So I applied a couple days before the bonus ended. But they didn’t approve my application until a week later. I went ahead and funded the account but no bonus.
I went ahead and emailed them and finally heard back. They are saying that my “approval” date was after the eligibility period. I emailed back saying that I “applied” before the eligibility period ended using the link they provided.
I’m waiting to hear back. But any advice on how to fight this or am I out of luck? Thanks for any help
I got a little bit weird experience. I opened the account under Mercury.com/partner/sandpbusinessadvisors two weeks ago for the $500 for $5000 deposit and made the deposit but no bonus yet. I emailed them a week ago and no response.
I just logged in and saw a red dot on the alert button, I clicked on it and it said “deposit $10000 before June 19th to get your $500 bonus for the founder shield promotion” or something like that. I mean it disappeared after I clicked on it and I did not get a chance to screenshot or write the terms down. Then I tried to find it but no matter which tabs I checked I did not see it anymore.
Maybe they messed up about which promotion I opened the account with? I checked my screenshot at account opening it was the $500 for $5000 sandpbusinessadvisors promo for sure. I wonder if I should just go ahead and deposit $10000 for the other promo or wait to see if customer service would get back to me.