US Business Bank Account for Non-Residents


US Business Bank Account for Non-Residents - To open a business bank account as a non-resident in the United States, you have a couple of options depending on where you are in the stage of setting up your company. We partner with financial institutions in the United States who specialize in setting up business bank accounts for non US resident owners of US companies, that we would be happy to introduce you to. To find out more information on banking options for non-residents download our comprehensive services brochure.


US Business Bank Account


There are some challenges that can make finding a good bank in the US difficult for non-residents, but by following a few guidelines, you should be able to find one that works without much difficulty.

The challenge with banking in the US is that the landscape is constantly changing, another difficulty with the US banking system is that not all bank employees are up to speed on requirements for non-residents, and they may not be familiar with their bank’s policies regarding non-residents either.

You may walk into a Wells Fargo or Bank of America, and the teller or manager may tell you that they don’t accept foreign nationals opening business bank accounts – even though those banks actually do. While you may have been rejected by an individual who wasn’t fully aware of the bank’s policies, you may still be able to open an account there with a different manager or at a different branch. Knowledge is key in this area.

Despite these challenges, you can still find a bank that will accept you as a non-resident fairly painlessly by following a few guidelines, infact, we partner with US financial institutions who specialize in the area of setting up business bank accounts for non-resident, non US citizen / US company owners.

Catering to Non-Residents


To open a US business bank account, financial institutions are required based on the KYC guidelines to request specific documentation when opening an account . You’re likely to be asked for the following documents when opening a US business bank account which we provide as part of our formation services:

• Photo ID for the director opening the account (Foreign passport acceptable).
• Proof of personal address for the named director (Utility bill or Driving License).
• Articles of incorporation / organization.
• EIN (Federal Employer Identification Number) confirmation letter.
• Proof of business address.

Can I open a business bank account remotely and online? - There’s no legal issue with opening a bank account in the US as a non-resident and yes you can infact do this online. However, do remember that for a company account, your business must be registered in the US legally and you must have an EIN tax ID issued by the IRS. We provide all the necessary documentation as part of our formation services for this and we can refer to you to our banking partners who specialize in providing business banking services to non-resident owners of US businesses when you incorporate a US company with us.

1. You Pick a State


Step 1 of our process to get your company registered is to obtain a US business address for your company in the state you wish to set your business up in. We provide this alongside digital mail forwarding services.


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2. We Incorporate


Step 2 is to select your entity type and structure and we then file your company with the Secretary of State. We will also obtain an EIN Tax ID from the IRS on your behalf. These filings we process via our legaltech platform.


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3. Bank Setup


Once we have your company formation complete and have your articles back from the state, alongside your EIN tax ID IRS letter, we can put you in touch with our banking partners to get your account setup.


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Identity Notarization

For step 1 in your company formation, we will use an online notarization service to validate your identity as the company founder or representative. To complete this simple process we use a online notarization platform provided by our partner, NotaryCam, the online notary public.


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US Business Address

To open a company in the United States, you are required to have a US business address in the state of incorporation. Once step 1 has been completed, we will obtain a registered business address for you in the state of your company formation. This address serves as a business address and registered mail forwarding address.


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Filing Documents with State

For step 3 in your company formation, the filling of incorporation documents with the state or federal government is required. As part of our U.S company formation services we will file these documents on your behalf. This is part of our incorporation service.


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Obtaining an EIN Tax ID

An EIN Tax ID is required by the IRS and U.S Banks to track your business associated income and operate your business legally. As part of our U.S business formation services we will obtain an EIN on your behalf. This is part of our incorporation service.


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Registered Agent Services

If you’re forming a corporation or a limited liability company, you’ll need to select a registered agent for your business and provide the agent’s name and address on the formation documents you file with the state. We can provide this service on your behalf. We offer registered agent services in 50 states.


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Bylaws and Resolutions

Bylaws and resolutions are the initial decisions of your corporation’s board of directors and basic "operating rules" of your corporation. As part of our U.S company formation services we will provide initial drafts of these on your behalf. This is part of our incorporation service.


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U.S Business Bank Account

Foreigners (non-U.S. residents) can open a U.S. business bank account for their company. You don’t have to be an American or a U.S. resident to open a business bank account in the U.S. There are 2 main options for foreigners who need to open an account, in person or via an international branch.


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International Docs Delivery

As part of our service for international clients, where you select the option for a corporate kit, we will deliver your business incorporation documents, EIN tax ID forms and any additional selected supplements to you anywhere in the world as part of our service offering.


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