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Why shouldn’t I use this for personal banking. Sounds great


> Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.


Betterment's Cash Reserve[1] might be of interest to you. It's a similar concept, where they spread your deposits among multiple program banks to give you a higher level of FDIC insurance.

[1]: https://www.betterment.com/cash-reserve




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