Forming an LLC in the United States is a major milestone — but to truly start doing business, you’ll need a U.S. business bank account.
For non-residents, this can seem complicated. You might wonder:
“Can I open a U.S. bank account without living there?”
“Which banks allow foreign owners?”
Good news: yes, it’s possible. With the right documents and approach, you can open a business bank account remotely or during a short visit to the U.S.
Why a U.S. Business Bank Account Is Important
Having a dedicated business bank account gives your LLC:
- Financial credibility with international clients.
- Access to global payment processors (Stripe, PayPal, Wise).
- Easier tax filing and accounting.
- Separation of personal and business funds.
Without it, managing your U.S. operations and collecting payments becomes very difficult.
Options for Non-Residents
1. Traditional U.S. Banks (In-Person Setup)
Banks like Bank of America, Chase, and Wells Fargo allow non-residents to open accounts, but you’ll need to visit a local branch.
Requirements:
- LLC formation documents (Articles of Organization).
- EIN confirmation letter from the IRS.
- Passport and proof of address.
Tip: Schedule an appointment before your visit to confirm what documents are needed.
2. Online & Digital Banks (Remote Setup)
If traveling to the U.S. isn’t possible, you can use fintech alternatives:
- Wise Business – Great for global payments and multi-currency accounts.
- Payoneer – Ideal for eCommerce sellers.
- Mercury Bank – Designed specifically for startups and foreign founders.
These digital platforms offer remote verification, making them perfect for non-residents who formed their LLC online.
Required Documents for Bank Account Opening
Here’s what most banks ask for:
- Certificate of Formation / Articles of Organization
- EIN (Employer Identification Number)
- Operating Agreement
- Passport of each LLC member
- U.S. business address (physical or virtual)
Step-by-Step: How to Open Your Account
- Form Your LLC – Make sure your U.S. LLC is properly registered (Delaware, Wyoming, or Florida are popular choices).
- Get Your EIN – This acts like a tax ID number for your company.
- Prepare All Documents – Keep digital and printed copies ready.
- Choose Your Bank – Decide between traditional (e.g., Chase) or digital (e.g., Mercury).
- Submit Your Application – Online or in-person, depending on the bank.
- Verification & Activation – Once approved, you’ll receive your account details and can start transacting internationally.
Common Mistakes to Avoid
Using personal bank accounts for business transactions.
Applying for a bank account before receiving an EIN.
Missing verification deadlines from online banks.
Not understanding your bank’s fees and limits.
Final Thoughts
Opening a U.S. business bank account as a non-resident is absolutely possible with proper preparation. Whether you choose a traditional bank or a digital one like Wise or Mercury, having the right documents and guidance is key.
At Corpulate.com, we help entrepreneurs like you not just form your LLC but also set up your banking, EIN, and tax compliance — everything you need to operate globally with confidence.