US bank account for LLC

[notagoy]

Currently I am looking into getting US bank accounts for my LLCs. I have too much in my IBKR LLC accounts and don't like this.

If needed I will travel to the USA for this, but of course I prefer to do it remotely.

I saw Starthub has $29/momth accounts that will give me a proof of address.

With a proof of address in the USA are there any (regular) banks I can open remotely?

 

[Clank]

Do you have ITIN?

 

[notagoy]

Clank said:
Do you have ITIN?
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Only EIN, but I can get an ITIN quite easily I believe.

With an ITIN any good options?

 

[Clank]

johanmichel said:
Only EIN, but I can get an ITIN quite easily I believe.

With an ITIN any good options?
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Getting an ITIN takes at least 4-6 weeks. Once you have it can be easier.

 

[notagoy]

Clank said:
Getting an ITIN takes at least 4-6 weeks. Once you have it can be easier.
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Alright, thanks for the info! I assume that even with an ITIN proof of address in the USA will still be important right? Or can I use the address of the registered agent?

 

[Clank]

johanmichel said:
Alright, thanks for the info! I assume that even with an ITIN proof of address in the USA will still be important right? Or can I use the address of the registered agent?
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Usually they don't accept registered agent address.

 

[notagoy]

Clank said:
Usually they don't accept registered agent address.
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I see. Thanks!

 

[BusinessAsUsual]

Clank said:
Usually they don't accept registered agent address.
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@Clank I already replied to your pm I got a question regarding US bank account for LLC.

 

[yngmind]

johanmichel said:
Currently I am looking into getting US bank accounts for my LLCs. I have too much in my IBKR LLC accounts and don't like this.

If needed I will travel to the USA for this, but of course I prefer to do it remotely.

I saw Starthub has $29/momth accounts that will give me a proof of address.

With a proof of address in the USA are there any (regular) banks I can open remotely?
Click to expand...

How did you top up your ibkr LLC account?
You need a business bank account for that.

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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[Forester]

johanmichel said:
If needed I will travel to the USA for this,
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If you can travel to Florida (this is the best bet), you can open a bank account with not much hassle just walking into a bank branch. And no real proof of address is needed. Just have some at hand.

johanmichel said:
With a proof of address in the USA are there any (regular) banks I can open remotely?
Click to expand...

You want to look here https://jamesbakercpa.com/packages (pay attention to No Travel VIP Bank Account - $2,500); also @yngmind can be able to help you in this situation, too (depending on the circumstances); see here https://www.offshorecorptalk.com/th...-bank-account-for-your-us-llc-remotely.44841/

Generally, @johanmichel: There have already been interesting discussions re: banking for US LLC here at forum. Using the search function is recommended before posting a question! 🙂 (You will probably learn more than it is written here.)

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Clank]

yngmind said:
How did you top up your ibkr LLC account?
You need a business bank account for that.
Click to expand...

You can transfer from your personal IBKR to your company IBKR if you link both accounts.

Not the other way around though.

 

[yngmind]

Clank said:
You can transfer from your personal IBKR to your company IBKR if you link both accounts.

Not the other way around though.
Click to expand...

That's interesting.
Thanks for the information.

OP if you have some big numbers in your IB, we may help with Chase Business Bank account.

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I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion.
___
Business Bank Account for your US LLC Remotely

 

[notagoy]

I am in the process of creating a Schwab LLC account. I asked them if I can get a Schwab bank account when registering. I think it should be possible do this remotely.

 

[Forester]

yngmind said:
How did you top up your ibkr LLC account?
You need a business bank account for that.
Click to expand...

Clank said:
You can transfer from your personal IBKR to your company IBKR if you link both accounts.

Not the other way around though.
Click to expand...

johanmichel said:
I just made transfers from my personal bank accounts here in Poland. I use Relay to remove funds.

Also I made a transfer test to my sole proprietorship bank account over here and that worked fine as well.
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All this is interesting and useful but off-topic for this thread and forum. If anyone wants to continue discussion on this, please go here https://www.offshorecorptalk.com/threads/ibkr-business-vs-personal-accounts.46523/. All relevant posts from this thread has been copied or moved there. Thanks!

(Any further thread hijacker will have a bad time 😉 )

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[EliasIT]

johanmichel said:
Currently I am looking into getting US bank accounts for my LLCs. I have too much in my IBKR LLC accounts and don't like this.

If needed I will travel to the USA for this, but of course I prefer to do it remotely.

I saw Starthub has $29/momth accounts that will give me a proof of address.

With a proof of address in the USA are there any (regular) banks I can open remotely?
Click to expand...

Where do you bank with your company, do you made any decision already ?

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[Shories]

I believe something as simple as https://starthubcenters.com/ and https://mercury.com/ should be enough. If Mercury rejects you, then yeah it's another talk.

 

[Shories]

Clank said:
Usually they don't accept registered agent address.
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This really depends on the bank

 

[notagoy]

EliasIT said:
Where do you bank with your company, do you made any decision already ?
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Hey

I use Wise and Relay for now, but don't feel too safe with this tbh... I need better options, because I'm worried about my funds getting stuck in IBKR...

 

[churumbelo]

johanmichel said:
Hey

I use Wise and Relay for now, but don't feel too safe with this tbh... I need better options, because I'm worried about my funds getting stuck in IBKR...
Click to expand...

How did you open an account with Relay? I think they require a physical US address and perhaps a US phone number as well. I checked it long time ago, so I can't remember 100%

 

[Piano]

Forester said:
If you can travel to Florida (this is the best bet), you can open a bank account with not much hassle just walking into a bank branch. And no real proof of address is needed. Just have some at hand.


You want to look here https://jamesbakercpa.com/packages (pay attention to No Travel VIP Bank Account - $2,500); also @yngmind can be able to help you in this situation, too (depending on the circumstances); see here https://www.offshorecorptalk.com/th...-bank-account-for-your-us-llc-remotely.44841/

Generally, @johanmichel: There have already been interesting discussions re: banking for US LLC here at forum. Using the search function is recommended before posting a question! 🙂 (You will probably learn more than it is written here.)
Click to expand...

Do you know the requirements for that no travel VIP account ?