top of page

US Corporate Banking

Your Own US Corporate Bank Account for your Delaware Corporation or LLC

​

Option 1

​You are now able to open accounts with different USA banking companies and have your US Corporate bank account. Setup within 5 days without you showing up in person. Your US Bank Account can be opened  at Wise or Mercury Bank. 

 

Option 2

Go through your local bank:

HSBC: If you already have an HSBC account in your local HSBC, and have had for at least a year, you should be able to get them to open an account for your Delaware LLC or Corporation in HSBC USA. Tell your local banker that HSBC does have an International Division.

​

Citibank: If you already have a Citibank account in your local Citibank, and have had for at least a year, you should be able to get them to open an account for your Delaware LLC or Corporation in Citibank USA at a branch in Vilanova, Philadelphia.

 

In any event, you can open bank accounts in most countries with your Delaware LLC or Corp.

 

Fly to the USA and walk into a bank in person (recommended)

​

So far all of our clients that have flown to the USA and walked into a bank in the US have been able to set their US Corporate bank account with one visit.

 

Since New York, NY is a major international hub, a lovely place to visit, and a State that doesn't consider having a bank account there to be doing business there, it's a great place to get a bank account for your company. You can contact any number of banks there. Or, if you want to fly into Philadelphia and drive over to Wilmington, Delaware you can walk into a Wachovia or Bank of America and get an account there. Florida is also recommended.

​

You should contact your favorite banks in the area you plan to visit and see what their requirements are for opening an account for your Delaware LLC or Corporation. Surprises in these cases are not usually good ones, so proper preparation is important. Not all banks will open an account for your Delaware company even if you do show up in person, but many will.

 

Documents we recommend you take with you to the Bank:

  • Corporate documents

  • EIN letter from the IRS (print out of the scan we email you)

  • Your valid Passport and as much other photo ID as you have (originals)

  • Utility bill from your home address in case they want to verify your home address (original)

  • A US office lease from us.

 

Also, be sure to speak to the banker about setting up outgoing wire transfer capability while you're there in the bank. You may not be able to set this up from a distance. Alternatively - if you are transferring money between different currencies you can always setup an www.xetrade.com or www.wise.com account for easy wire transfer ability.

​

Extra documents a bank might ask you for:

​

  • We will help you to get any required documents your chosen bank requires of you.

  • We can supply Certified Copies of your Certificate of Incorporation (Corp) or Certificate of Formation (LLC) as well as Certificates of Good Standing or a Certificate of Incumbency.

  • A Certificate of Incumbency is written by us, your Registered Agent, and declares:

    • the date your company was formed in Delaware

    • your company File number

    • you are in Good Standing with Delaware (if you are)

    • you have an EIN # (if you do)

    • you are the Director/Member of your Delaware Company.

    • If you aren't doing any business in New York State, we can add that statement to the Certificate as well, if your NY bank requires it.

 

Please contact us for details.

​

Beware of Nominee Banking Services.

​

Although this service may feel like your only available option, you should only think of it as temporary at best, until you can come to the USA and open an account properly.

 

If you're thinking of opening a bank account with someone else controlling it, take this into consideration: When a lot of accounts are all opened with the same signor, and 1 account happens to go wrong in the eyes of the government (which is pretty easy these days), what do you think is going to happen? I see two possible scenarios:

​

  1. (and this is the good one). That all the accounts are closed and refunded (this is pretty common with foreign related accounts anyway), or

  2. The government seizes all the accounts (this is more likely) and all the funds in the accounts for an indeterminate amount of time (you know the government doesn't do anything quickly, especially when they have your money).

bottom of page