LLC AND BANK ACCOUNT IN USA

[12345]

I opened a business bank account at Bank⁠ of America in Wilmington, Delaware. My LLC was formed in the same state, Delaware but⁤ I think it doesn't matter. It was flawless, no documents needed about nature of my⁣ business, everything took around 30 minutes.

Because of regulations it's not possible to apply for⁢ a US bank account online as non us resident, you'd always need to do it︀ in person.

Apart from the bank account you can also apply for a credit card︁ which gives you nice benefits like 1.5% cash back or free American Airlines miles, I︂ plan to get myself a card soon

Keep in mind that for a business bank︃ account you need EIN as well as ITIN

 

[OffshorePhantom]

Thank you for the info! About the credit card︂ you mentioned are you talking about a personal credit card or a business credit card︃ linked to your business?

Yeah to open a bank account even on Mercury, Brex etc︄ you need an EIN. ITIN for those neo banks it is not mandatory though.

 

[12345]

A business⁤ credit card

 

[Alexmorgan]

Is your company annonymous?

 

[12345]

No, it's under my real name.‌ There is no option to be anonymous unless you use fake documents which is very‍ risky

 

[Alexmorgan]

I mean is‍ your company in public records?

 

[12345]

No. Some‌ USA states like Delaware, Wyoming and New Mexico don't have public online records of company‍ shareholders

 

[Forester]

@12345, thanks for the really interesting and useful︂ information. It is true that BofA used to be quite open to non-residents in general;︃ but honestly, I would not expect to happen something like the process you described in︄ these days, at least not on the East Coast...
BTW, would you mind sharing your︅ citizenship, evt. current residency (but I guess that the latter was not much of the︆ BofA interest, you are simply non-resident, correct? /of course, if not residing in Iran etc./)?︇

 

[Clearsky Network]

I`m not a US expert, but our lawyers usually advise⁤ on incorporation in Delaware and account with Mercury or Dime.

It is also possible to⁣ open accounts with banks like Chase (you will be charged high onboarding fees), but as⁢ a start up wouldnt recommend.

 

[12345]

polish citizenship

 

[Forester]

I do not consider‍ myself being a US specialist either, however FMPOV, different states have different pros and cons,⁠ as Delaware (perhaps the most reputable and the most expensive), Wyoming (perhaps the cheapest but⁤ not much open to any business), New Mexico (the issues go there fast), Nevada (perhaps⁣ the most open to various businesses but searchable public records)...
Thanks for pointing at Dime⁢ – it's new to me. Do they really onboard – remotely – subjects outside of︀ New York and New Jersey?

Thank you.

 

[Clearsky Network]

They do depending on business activity

 

[Forester]

Thanks!

 

[bibing]

Which State? And was the LLC incorporated in that State?

 

[koohl]

can you name more rather than others? I know‍ the first one you mentioned but after that my knowledge stops, always ready to learn⁠ about new services 🙂

 

[OffshorePhantom]

Another could be Novel Business Banking or traditional banks like Chase, BoA etc.‍ I am pretty sure there are lot of services 🙂

 

[koohl]

they will require‍ personal visit if I read the many threads around here correct?

 

[OffshorePhantom]

Yeah, traditional banks most definitely.

 

[12345]

Company incorporated in Delaware, bank account opened in Wilmington, Delaware but it doesn't matter, bank‍ reps said it can be opened in any state

 

[PinkCat]

Funny, I tried with them also with US corp and as a non resident, they didn't⁣ even allow me to sit, told me at the door they can't open anything for⁢ me 🙂