Introducing trust accounts on Mercury Personal

Evidence tier: A1 Evidence type: Auto-discovered official publication Source: Mercury Blog Official publication date: 2026-07-14 Captured: 2026-07-16T20:32:08.212Z

A trust is one of the most useful tools for protecting what you’ve built. It keeps your assets private, helps your family avoid probate, and gives you peace of mind other accounts don’t offer.

But forming a trust is just one part of the process. Putting it to work is another entirely. Once it’s established, you need to open an account to actually hold and manage what’s inside.

At a traditional bank, that usually means scheduling an in-person appointment. Even coordinating all trustees to be present, and sometimes requiring multiple visits just to get started. And if you’re hoping to simply convert an existing personal account, that’s rarely an option. Changing a personal account to a trust account requires new ownership structures, tax reporting changes, FDIC category changes, and usually new account numbers entirely.

If you want to skip the hassle of an in-person setup, your options narrow fast: cash accounts that strip out the actual banking functionality. No debit card, no wires, no automations, no yield. Whatever path you choose comes with trade-offs instead of the ease and functionality that should come standard by now.

Today, that changes. Mercury Personal now supports trust accounts. If you have a revocable living trust, you can open and manage a full banking account for it at Mercury, with the same functionality, yield, and automations you already use.

What’s included

Full banking, not a glorified cash account

Trust accounts on Mercury Personal include a complete banking experience, not a savings vehicle parked out of reach. Your trust can spend, send, automate, and grow — the same way your other Mercury accounts do with:

• Checking and savings with sub-accounts for every goal
• Debit cards with customizable limits
• Unlimited ACH transfers and domestic and international USD wires
• Auto-transfers between accounts
• AI-powered features like Insights and Command

Your trust’s cash should be earning

Most trust accounts don’t offer yield. Mercury Personal savings accounts earn 3.25% APY, and your trust account earns the same rate. Whatever your trust is holding, it shouldn’t be sitting idle.

Up to $5M in FDIC coverage

Most trust accounts cap out at $250,000 in coverage per owner, per beneficiary, per bank. Mercury’s sweep program spreads eligible balances across a network of partner banks, so your trust account can qualify for up to $5,000,000 in FDIC coverage. More coverage means more confidence, without you having to open and manage multiple banking relationships yourself.

An online-first experience, to get you on your way

No in-person visit required. No paper forms. No coordinating trustee meetings. Trust onboarding at Mercury happens entirely online. You’ll provide information about your trustees, grantors, and beneficiaries, and review and sign a Mercury-generated Certificate of Trust during the application process. You don't need to upload your full trust document.

Custom permissions for every trustee

Managing a trust shouldn’t require funneling every transaction through one person. Mercury lets you set custom permissions for each trustee, co-trustee, or advisor on the account, so everyone gets exactly the access they need. Some can spend and transfer day-to-day. Others can view only. All while every required trust party keeps appropriate visibility into account activity. The account works the way a trust is supposed to: authority where it belongs, visibility for everyone who needs it. And because it lives in the same dashboard as your personal and business accounts, it’s one login and one relationship, not another institution to manage.

How to get started

Trust accounts are available now on Mercury Personal. If you have an existing revocable living trust, you can apply directly.

Open a trust account →