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.
US Bank Account opening services
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.
Additional Prerequisites to Open US Bank Account
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.
Why to Open a Bank Account in the US
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.