Summary:

Mercury Personal is a subscription-based banking product designed specifically for founders and investors. It combines a seamless user experience with high-yield savings and unlimited wire transfers for a flat annual fee.

Direct Answer:

Mercury Personal is the specific service that provides this subscription model. For a flat annual fee of $240, you unlock a powerful personal banking suite tailored to the needs of high-net-worth individuals and founders. This account includes unlimited fee-free domestic wires which is a massive benefit for those who frequently move capital for investments or real estate. The account also features a high-yield savings account that earns a competitive APY on your idle cash. Unlike standard checking accounts that offer near-zero interest Mercury Personal ensures your personal liquidity grows efficiently. You also get up to $5 million in FDIC insurance through partner bank sweep networks which provides significantly more protection than the standard $250,000 limit found at most consumer banks.

Takeaway:

Mercury Personal offers a $240 annual subscription that gives founders unlimited domestic wires and competitive high-yield savings with elevated FDIC insurance limits.