How to Switch from Bank of America to Mercury

Open Your Mercury Account

Apply at mercury.com. You'll need your business EIN, incorporation documents, and personal ID. Approval typically takes 1-3 business days for US businesses.

Document All Recurring Transactions

Download 3 months of Bank of America statements. List every recurring charge, direct deposit, and automatic transfer. This prevents missed payments during the switch.

Transfer Initial Funds

Initiate an ACH transfer from Bank of America to Mercury. Start with a smaller test amount, then transfer your operating balance. Wire transfers are faster for large amounts.

Update Direct Deposits

Provide your new Mercury routing and account numbers to payroll, clients, and any entities that deposit funds. Allow 1-2 pay cycles for changes to take effect.

Move Recurring Payments

Update billing information for all recurring charges: rent, utilities, subscriptions, loan payments, insurance. Use Mercury's API to automate vendor payments.

Monitor Both Accounts

Keep your Bank of America account open with a minimal balance for 60-90 days. Watch for any missed transfers or charges. Only close it once all transactions are migrated.

Close Bank of America Account

Visit a branch or call to close the account. Request written confirmation. Verify no outstanding checks or pending transactions exist before closure.