Best bank account for Delaware LLC?

[tomwis]

With which bank should I open an account?

The main goal is to be able receive funds from Stripe and transfer them to my home country in Europe. This is a single-member non-resident LLC for pass-through taxation.

I think the requirements are:
1. easy to setup (without travelling to the USA, limited paperwork, etc.)
2. have low(est) fees
3. no monthly/yearly cost?
4. fast transfers (fast from Stripe to that bank and international transfer from the bank to the bank in my home country).

I'd be grateful for any recommenations.

P.S. "Modern" thinking tells me I should probably look at Transferwise or Revolut, but I'm happy to be talked out of this idea.

Last edited: Feb 3, 2021

 

[Sols]

You don't really have many options aside from Transferwise and maybe Mercury.

You can try‌ opening accounts with US banks and sometimes it does work, but it's not going to‍ be free or cheap and will almost always require a trip to the US.

 

[exprtadvisrdev]

Another option is Evolve Bank and Trust, sometimes they accept foreign owned LLCs without introducers.‌ You will also find people on internet that can open you a bank account for‍ your LLC in bank of america but as @Sols said it won't be cheap (around⁠ 3k)

 

[tomwis]

Thanks @Sols and @eadeveloper. I ddn't realize it is that difficult.

Can anybody share‌ some bad experiences about Transferwise then?

Also - what about Payoneer?

 

[Fred]

If you are able to use Stripe you are not in high risk business‍ that said Payoneer should work as well for you. For only receiving Stripe payouts this⁠ would be the easiest way to setup but keeop in mind Payoneer is very limited⁤ and expensive compared to Transferwise.

 

[fshore]

Keep in mind that stripe USA require your to have a SSN, and they also‌ require a real physic bank, not EMI.
Ach transfers in the US are fast, but‍ few regular bank makes it easy to transfer out of the USA.

 

[tomboy]

Could you recommend some “people” that can open a⁤ BOFA account ? I’m interested and I don’t mind paying a one time 3k fee⁣ for it.

 

[exprtadvisrdev]

ibsc.llc opened my personal account last month, they claim they can open a business⁠ account (I haven't tested if it's true)

 

[Fulton Abraham Sanchez]

There are︀ also banks in Puerto Rico that offer open an account remotely.

 

[tomwis]

Interesting, I heard some good words about moving money through Puerto Rico.‍ But is it useful in my case? I don't think Stripe would accept connecting Puerto⁠ Rico bank for a US LLC.

 

[Fulton Abraham Sanchez]

Yes, but only of the PR bank⁠ has its own ABA

 

[f2kmtl]

Do you have a list of banks that will open the account‍ remotely ?

 

[TerraMan]

Check out RelayFI bank. Similar to Mercury, but with more features and better customer support.‌

 

[tomwis]

"We charge for outgoing domestic and international wires ($10 and‍ $50, respectively)" - 2x / 2.5x more expensive than Mercury.

 

[exprtadvisrdev]

Actually it doesn't look that bad, thanks for bringing it‍ up I didn't know about it. I will see if I test them with one⁠ of my LLCs

 

[Fulton Abraham Sanchez]

The alternative could be banking in Puerto Rico international banks. They‍ are part of the US banking system and accept clients remotely.

 

[f2kmtl]

does anyone have a list of banks in Puerto Rico that allow accounts to be‌ opened remotely ?

 

[Fred]

There are only a few.

Just google‍ for the list of swift codes of Puerto Rico - google the banks and contact⁠ them.

There you go.