IMPORTANT MESSAGE FROM TAX USA'S TEAM
about US bank account
Because we get the question below 1000 times every day, and because we are sure, that you are also asking yourself the same question, we have decided to write this message:
I AM A NON US RESIDENT
CAN I OPEN US BANK ACCOUNT?
So we want to save you time & a lot of money:
CAN YOU OPEN AN ACCOUNT?
The answer is : Yes, you can.
Under the US patriot act and the strict money laundering laws,
US banks must verify the account beneficial owner's identity (that's you).
To do that, most banks require that you will visit the bank in person
and identify yourself before the bank representatives. This means you have to travel to the USA, pay for lodging, and expenses.
DOES NOT MAKE SENSE, RIGHT?
WE THINK SO TOO.
SO WE FOUND FEW SOLUTIONS.
WE FOUND FEW BANKS AND PAYMENT SOLUTIONS PROVIDERS
THAT ALLOW NON US RESIDENTS TO OPEN ACCOUNTS REMOTELY.
What is a payment solution provider?
It's a financial institution, governed and licensed in the USA
to provide customers with official US routing number and allow customers to send and receive US and International wires.
Is this a real bank? No.
But it does allow you to accept funds from US customers
via wire transfers and e-checks.
Which real banks work with non US residents?
We have found 3 US banks that allow non residents to open accounts remotely. Each bank has different requirements and focus, such as specific industries (High-Tech, Health, Finance...) , Company stage (Seed / Funded...) and more.
Can I check with the banks
if they open my account before I open my LLC?
No, the bank will not review your application before you have all applicable incorporation documents and have official US EIN for your LLC. So, you can only try to open an account after you open your LLC.
So what are my options?
To help our customers, we have developed a very low cost incorporation package, so you will be able to open an LLC and apply to open bank account with 5 banks and payment solutions providers.
Incorporation fee $59
Gov fee (Delaware) $90*
Legal US address $99
Total only $248!!! and you have LLC
*Gov fee (Wyoming) $102 | All other states
Then you buy our
5 Bank lists for non US resident $49
Official EIN Service $49
and you have all you need to apply for a bank account
All together only $346
You can use our banks list to apply with 1 bank, 2 banks, 3 banks,
4 banks or 5 banks. You can contact the banks, and follow the instructions
in the list to submit your new account application to the bank
Do you guarantee the banks will open your account?
NO, WE CAN'T
Because we don't know anything about you, or your business!
we can tell you that if you are legitimate business person
with a real and legitimate business
you have good chance to open an account.
If you meet the requirements of real banks in the list, then you might even be able to open an account remotely with a real physical bank!!! But again, we want to be 100% fair with you, so we can't guarantee it.
WHAT WE CAN DO IS...
lower the incorporation fee so much
that you only risk $346
THAT'S WHAT WE HAVE DONE!
We have reduced the incorporation cost so much,
So you pay $346 and try to open an account
if you succeed - great! you have US company with bank account!
If not, you lost only $346. That's it.
WE HOPE THIS HELPS
We have helped thousands of non residents to open LLCs and Bank accounts. We can help you too, but we want to make sure you understand what is doable under the current very strict US laws.
SO WHAT'S NEXT?
Next, you should start the incorporation process,
open your US company
and apply for bank account!
ONE MORE OPTION
We have also developed a premium incorporation service which includes:
US COMPANY + BANK ACCOUNT + MERCHANT ACCOUNT
This service significantly increases your chance to open an account
because it is based on a package that is designed for NON US RESIDENTS who live outside of the USA and don't have Social Security Number. This is premium service where we accompany you in every step of the way and maximize your chance to open an account.
I have visited many incorporation websites
and they promised me a bank account.
How is that possible?
We know that many sites advertise and make promises they can't deliver. We all must comply with the same strict US banking laws, so there is no way anyone can guarantee you that the bank will open your account without careful and detailed due diligence on your business and even then, the bank may have additional information requests before approving your application.
Our mission is to make the US incorporation and bank account opening process 100% transparent and reliable. So we are giving you all the information up front and we do not guarantee anything we can't deliver!
So, be very careful with anyone who guarantee or promise anything on behalf of a real licensed US bank!
OUR APPROACH IS DIFFERENT!
We want you to know from start, that it's likely that you will be able to open an account, but since it's the sole desecration of the bank you apply with, we can't guarantee it before you actually apply and the bank go through detailed due diligence.
STILL HAVE QUESTIONS?
CHAT WITH US
TAX USA TEAM
Incorporation since 2004