Frequently Asked Questions
Business Bank Account Opening
Options for Non-Residents
Most US banks require the company owner or managing member to be an American citizen or permanent resident before they allow you to open an account. That means you’ll typically need to submit a Social Security Number (SSN), an Individual Taxpayer Identification Number (ITIN), and proof of address in the United States.
You’ll also be required to submit an identity document such as a passport, driver’s license, government-issued photo ID, and, when applicable, immigration documents.
This makes opening a bank account for non-residents challenging if they try and do it by themselves.
Some banks like Bank of America and Chase will let you open an account even if you’re not a US citizen if you travel and meet them in person in the USA. Other banks like HSBC may let you open an account via your local branch in another country. (For example: If you bank with HSBC in India already – you may be able to approach them and ask if they can remotely open a bank account in HSBC in the USA for your USA legal entity). It is rare that a bank will do this and when they do they often require huge minimum account balances.
When you order business bank account opening services via our website we do the paperwork for you, submit it to the bank, ask any follow-up questions for you, assist with the enhanced due-diligence, and move your application along.
We have partnered with several banks so we can provide multiple solutions depending on your specific needs, without you having to travel to the USA or obtain an SSN or ITIN.
This service is only available as part of a formation package.
We do not do stand-alone account openings.