Opening US Bank Account
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Opening US Bank Account

if you are looking to conduct business with either customers or suppliers in the US, you will need a convenient way to receive money from your buyers, and to pay for goods or services that you may buy in the US. As an individual or a small company located outside the US, the traditional solution is to establish a business checking account in a US bank.

bank account


Through your US bank account, you can pay your US suppliers via check or by wire transfer. Likewise, your US customers and clients can pay you by check, by direct deposit or by wire transfer into your US bank account. You can move money into, or out of, your US bank via international wire transfer through your local bank in your home country.

The difficult part for most small businesses is actually establishing that bank account in the US


If you have already have an account with a large international bank that also has banking operations in the US, they may be able to help you establish an account in the US, depending on the nature of your existing relationship with the bank.
There are also firms, based in the US, who offer services to foreign companies looking to open US bank accounts. Their fees and services vary widely.

Perhaps the simplest option for freelancers, online sellers, and businesses outside the US are global payment platforms, which can save you the colossal hassle of opening a US bank account but still provide you with all the benefits of having one.

Click Red Buttom to sign up and get a US receiving account


You can transform your business to a revenue-producing asset that lets you work as much or as little as you want.


With few exceptions, you will need to visit the bank in the US where you wish to open the account. This is required to verify your identity, and to allow the bank to validate the documents and information needed to open your account. You will need an official photo ID, proof of home address, bank statements from your home country bank, and perhaps other verification. Ask the bank for details.

To open a business account, you will need to register as a business in one of the 50 States, preferably where you will be doing most of your business. This applies whether you are a single person or a small company. The required documents will vary depending on whether you register as a sole proprietorship, an LLC, a corporation or other business structure recognized in the US. Ask the bank for their actual requirements. You may need to arrange with a US attorney in advance to legally establish a US-based business entity.

You will not necessarily need a warehouse, factory, or office in the US, but you must still provide an actual address (not a Post Office Box) for your US-registered business, preferably near the bank where you are opening the account. Some businesses use the offices of an attorney, a Registered Agent, or other specified representative of the company. You will need to set up these arrangements before opening the account, and verify that the bank will accept them.

  • For most businesses, this will be an Employer Identification Number — an  EIN — which is required by the bank, and your business, for reporting information to the US federal tax authority, the Internal Revenue Service (IRS). You can obtain this number directly from the website, along with written confirmation of your EIN, which you must provide to the bank when opening the account.
  • When opening the account, you must usually complete a W-8Ben form for the IRS, which is needed for non-residents who don’t have US Social Security numbers.
Online Sellers
 Receive payments from top eCommerce marketplaces to one consolidated account
 View upcoming payments and payment history for your eCommerce sites
 Reach customers in the US, UK, EU, Japan, China, Canada and Australia with accounts in multiple currencies
 Receive payment for items purchased in your stores – immediately
 Pay your suppliers and contractors for FREE
 Provide vendors with a way to debit your account on a regular basis
 Access funds the way you choose – withdraw to bank or spend online and in stores


t’s important to understand that the US has recently passed laws that place strict controls on how — and if — US banks can establish accounts for non-residents and for businesses located outside the country. This is designed to prevent money laundering and other international criminal activity.

In addition, individual states often have their own banking regulations that may affect the requirements for opening business accounts for foreign companies. And these regulations can vary widely from State to State.

Further, most commercial banks will have internal policies that govern how they handle accounts from overseas customers — both to comply with law, and to protect the bank against potential fraud or other possible losses. These policies may also be different in each bank.

The best approach is to directly contact the bank in the State where you will be opening the account and ask about their policies and procedures