Think of your LLC as being another person: it makes its own money, has its own bank account, and has its own expenses. Not only does opening an LLC business bank account make life easier, it also helps you maintain personal liability protection (which is the main reason people form LLCs). One of the first things to do after forming your LLC (and getting your LLC EIN Number) is to open an LLC business bank account. Also, Mercury doesn’t offer phone support, so if you prefer to deal with customer support by phone, a traditional bank may be a better fit. Note: Mercury doesn’t allow cash deposits, so if you need to deposit cash, you’ll also want to open a traditional bank account. We have a Mercury business account and we find it easy to use.
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