24 July 2024

Mercury Bank to Close Accounts in Prohibited Countries by August

Written By FinTech Alliance in FinTech

Mercury Bank to Close Accounts in Prohibited Countries by August

US fintech company Mercury Bank has announced it will close accounts for users in several prohibited countries, including Zimbabwe, by August 22, 2024. 

The bank's updated eligibility criteria now exclude account openings and transactions for individuals and businesses in specific countries due to compliance reasons. This decision has led to concerns among affected users, who depend on Mercury Bank for their international financial transactions, potentially disrupting their business operations.

Read more here

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