Opening a company bank account in the United States became almost impossible for foreigners since introduction of the “Patriot Act”. However, the good news is: It still can be done.
If your Delaware Company has all prerequisites (Company in good standing, US tax number (EIN), US business address) we can assist to open a corporate bank account in Delaware or in NY.
Your corporate bank account will be open with one of the largest banks in the United States. Online banking, check book and VISA card is included. Only you or your named signatories will have access to the bank account – we won’t provide “nominee banking” as other providers might do.
To open an account for your Delaware Company we require certified copies of the company documents and 2 pieces of ID for all bank account signatories. A copy of your passport and Driver’s License is usually enough. We do not need certified company documents if you formed your Delaware Company through us.
A US tax number for the company is required if none of the company directors (Corporation) or members (LLC) are US citizens or resident in the United States.
Either the applicant shows up in person at the bank (trip to the United States required) or a representative/company officer based in Delaware opens the bank account on behalf of the company.
Last not least a business address in the United States for receiving statements, cards and online banking codes is required.
A Delaware registered company is not obliged to maintain its bank accounts in the State of Delaware or the USA. In fact the company can open bank accounts anywhere worldwide. However, international clients who form a Delaware company with the intention to do business in the United States will at some stage require a local company bank account in the United States.
A US corporate bank account simplifies payments for US and Canadian customers. Usually US-based clients prefer to pay to a local bank account rather than by international wire transfer. If your company needs to compete in very competitive markets favorable payments terms often make the difference between a client placing an order or going somewhere else.
The US company bank account is essential if you regularly receive checks from US clients (e.g. Webmaster business). Cashing US checks via American banks cost almost nothing and it takes only days while international banks charge high processing fees and take 1-4 weeks to clear these checks.
Another important reason to open the company bank account in the United States could be access to US card processing facilities, which are not available to international clients.
The general procedure to open a corporate bank account in the United States remained unchanged since the 60’s: US banks ask for proof confirming that the company exists and that it is in good standing.
Our Services before you deal directly with the bank by yourself:
Independent advice to help you to choose the right bank;
Support regarding due diligence requirements;
Assistance with filling in the required forms;
Provision of properly legalized corporate documentation where applicable;
Recommending you to the bank based on your individual profile and due diligence documentation;
Representing you before the bank in the course of account opening;
Our bank account introduction is a professional service provided by Atrium to European or Offshore company owners as an approved bank intermediary. While we cannot guarantee the bank will open an account for every client, by using our professional expertise, we can significantly increase the success rate for account opening. We also can reduce potential application hold ups with incorrect or missing documents that the client may not have been aware of.
Factors we consider when recommending banks for account opening: client’s citizenship and country of residence, types of transactions involved (trading / manufacturing / real estate / investment), volume of payment transfers, investment requirements, confidentiality, soft currency requirements, as well as language issues when communicating with the bank.
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types. Therefore Atrium combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
UK Residency is not a legal requirement
There are no legal restrictions that prohibit non-UK residents from opening a business account. However, most banks will not accept applications from overseas due to fraud concerns and the additional administration costs.
HSBC can provide a business account for UK-registered companies with non-resident directors and shareholders. However, the owner(s) of the company must travel to the UK to sign a bank mandate and present their photographic ID and proof of address documentation.
BARCLAYS offers an international business account with no stipulation for any directors or shareholders to be UK residents, under same terms.
International Recommended Banks:
ABC Banking Corporation, Mauritius
Atlantic International Bank, Belize
BlueOrange Bank, Latvia (****)
Banco Sabadell, Spain, Madrid (*)
Bank of Nevis International Ltd
Bankinter, Spain, Madrid (*)
Barclays Bank, UK (*)
BFI, Cape Vert
BOC, Bank of Cyprus, Cyprus
BOSLIL, Bank of Saint Lucia Limited
Capital Security Bank, Cook Islands
CIM Banque, Switzerland
Citizens Bank, USA (*)
Euro Pacific Bank, St. Vincent & Grenadines
First Gulf Bank, Dubai (***)
Hellenic Bank, Cyprus
Heritage International Bank & Trust Ltd, Belize
HSBC, Hong Kong (*)
HSBC, UK (*)
Loyal Bank, St Vincent & The Grenadines
Millennium BCP, Portugal
NatWest, UK (*)
Nedbank Private Wealth – Isle of Man
Noor Bank, Dubai (**)
Pacific Private Bank, Vanuatu
Vanuatu National Bank, Vanuatu
Verso Bank, Estonia
(*) Personal meeting required
(**) Personal meeting at the branch in Dubai or at Noor Bank Lawyers in Switzerland
(***) Please note the clients do have to travel to Dubai to set up the bank account, any high net worth individuals or clients who can deposit a min of US$200,000 in the bank we can set up from London (UK)
(****) Merchant Account Services available, too
> If either of these banks or jurisdictions to set up your corporate bank account suits you, we shall be very pleased to assist you…
(a) If extra legalization and/or corporate documents are required by the bank, additional fees apply;
(b) Bank own account opening fees and costs (if any) will be charged from the first deposit to your account;
(c) Bank fees and costs are not included into our bank introduction fees;
(d) Any of the banks above always have their final word, after due diligence processed, by accepting you or not as their customers, depending on their own evaluation; however, you are always free to open your company’s bank account by yourself, with some other bank of your selection.