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Let’s face it, if you want smooth business transactions online, having bank details in the US is a must. But cross-border financial complexities make it pretty hard to have your own business account there. The good news is, it is possible to get your very own business account in the US as a non-US citizen if you know how it’s done. 

Choose a bank that has a non-residential banking facility and prepare documents like a passport, business documents, proof of address, and TIN. Submit everything and wait for your approval. You can also use a professional service like Business Globalizer to avoid mistakes.

Let’s go through the detailed process and the things you must know before you get started.

Can I Open A US Business Bank Account As A Non-Resident?

Yes, non-resident or resident, everyone can open a US business bank account. But, will you have to struggle to find a bank that will proceed with you? Most US banks will need you to have a US address and a tax identification number. You’ll need an Employer Identification Number (EIN). It’s a nine-digit unique number. The Internal Revenue Service (IRS) uses it as an official identifier of your LLC. 

However, some banks allow opening an account with your passport and a business address from outside the US. Here, you must provide more documentation and complete identity verification steps.

Can I open a business bank account in the USA online?

You can open a US business bank account online. But the process can be more challenging than opening an account in person. You can apply for a business account or start the application online. But you must visit the bank at some point with your documentation. Some non-major banking institutions will allow you to complete the whole procedure online. But these banks won’t be able to offer a wide range of resources like the major ones.  

How to Open a US Business Bank Account as a Non-Resident - Detailed Procedure

Depending on the bank, the opening process of a US business bank account may vary. Regardless of the banks, the average procedure involves the following steps:

Step 1: Choose a bank: Research banks that offer business accounts for non-residents. Choose one that best fits your needs.

Step 2: Prepare your documentation: Gather the necessary documentation required by the bank. They are your passport, business documents, proof of address, and tax identification number.

Step 3: Submit your application: Fill out the details and submit it either online or in person.

Step 4: Wait for approval: Wait for the bank to review your application and approve your account. Depending on the bank, the process may take several days to a few weeks.

Required Documents For Opening US Business Bank Account

The required documents of a non-resident are like the requirements of US residents. The documentation will vary on several factors. They include - business type, residentship, living state, bank type, etc. 

Nonetheless, in general, you have to provide the following documents:

  • A valid passport or government-issued ID

  • Proof of business registration (LLC approval documents, LLC operating agreement)

  • Proof of address (lease agreement or utility bill)

  • Tax identification number (TIN) or employer identification number (EIN)

  • Optional: A US phone number of your LLC

How To Choose The Right Bank For My Business Account

Choosing the right bank for your business depends on your needs and preferences. Some factors to consider when choosing a bank include:

Costs: Look for a bank with reasonable fees for account maintenance, transactions, etc. Also, see how are the transaction fees, foreign currency fees, ATM fees, and if there’s any minimum balance required. 

Services: Consider the services, such as online banking, mobile banking, and card processing. Also, if you have to connect the account to your current payment solutions, see if that’s prohibited.

Reputation: Research the bank's reputation and customer reviews to ensure they have a good track record. You can reach out to fellow account holders from outside the US, possibly from your own country. 

Considering these factors, four major banks in the USA that offer the facility for non-US citizens are:




Bank Of America

Only if you have an LLC in a state where BOA operates

$16 up to $29.95 monthly maintenance fee. But can be zero if you have $5,000 to $15,000 combined average monthly balance.

Wells Fargo

They offer business account options in all US states.

The monthly maintenance fee is $10 unless you have $500 minimum daily balance and $1,000 average ledger balance.


They have a special “international personal banking division” to deal with it. 

The minimum initial deposit is $1 and the monthly fee of $15, which is waived with a monthly collected balance of $5,000.

JPMorgan Chase

Biggest banking option in the list and the best fit for bigger transactions.

The minimum initial deposit is $25 to open a business checking account. Can be more depending on the type of account.

Remember that most banks will ask you for a valid US address. Banks use this address to send documents and for other legal purposes. 

If you have an LLC in the US, that should solve the issue with a mailing address, especially if you’re doing it with a service like Business Globalizer.

How long does it usually take to open an account?

The time it takes to open a U.S. business bank account as a non-resident varies depending on the bank and the complexity of your application. Generally, the process can take anywhere from a few days to a few weeks.

Some banks offer online account opening, which can expedite the process. On the other hand, several banks may require in-person visits or additional documentation, which can slow down the process. 

Further, if the business has complex ownership or multiple signers on the account, it would take longer to activate the account. We recommend you check the specific bank for their estimated timeline for account activation.

Perks Of Having A US Business Bank Account

Opening a US business bank account will be beneficial for several reasons. Some common benefits include-

Access to the US market: Having a US business bank account can make it instantly better for you to do financial deals without worries of back and forth doing currency conversions.

Ease of doing business: With a US business bank account, you can easily do business with US clients, suppliers, and vendors without getting asked or being cornered every now and then.

Faster transactions: As you’re cutting all the unnecessary conversions and don’t have time zone delays, you’ll do business faster in the US market with a US business account. 

Convenience in payments: You can effortlessly receive payments, pay bills, and manage your business finances if dealing with US local businesses of any sort.

Business Credibility: Having a U.S. bank account lends credibility to your business and makes financing or partnerships in the US much easier as you’re dealing with account details under your name.

Better compliance with regulations: Most businesses require compliance with US regulations like Patriot Act and AML laws. When you have your own business account in the US, you’re reducing the risk of legal issues down the line.

Competitive advantage: With your own business bank account in the US, you’re getting a financial advantage over other businesses in your local market. While others struggle doing conversions, you’re closing deals with US local businesses with smoother transactions. 

How Business Globalizer helps you open a business bank account in the USA?

Business Globalizer is a company formation agency specializing in helping non-residents open business bank accounts in the United States. 

At Business Globalizer, we-

  • Provide personalized assistance throughout the entire process

  • Ensure necessary support for choosing the right bank

  • Help you in preparing your documentation, and submit your application. 

  • Offer additional services such as tax consulting, bookkeeping, and virtual office assistance.


Do I need to be physically present in the US to open a US business bank account?

Not necessarily. You can open a business account in the US without being present in person in the US. You can just open an account by applying online. 

Will my US business bank account be subject to US taxes?

US business bank accounts are subject to US tax laws. But as a non-US resident, you will be eligible for certain tax exemptions or credits, depending on your home country's tax treaties with the US.

Do I need a US-based business entity to open an account?

Non-US residents can open a US business bank account for their foreign business entity. But you may need to provide additional documentation. Some banks even want a local address which you can get if you get an LLC for your business.

What fees can I expect when opening a US business bank account?

Fees for opening and maintaining a US business bank account can vary depending on the bank and type of account. However, standard charges include monthly maintenance fees, transaction fees, and wire transfer fees.

Will I get reduced costs if I have a business account in a local US bank?

Most US banks offer lower wire transfer fees or free ACH transfers with other US bank accounts. This will give you peace of mind while sending or receiving payments with US local businesses. 


Getting your US business account without US citizenship should now be easier for you. Prepare all the necessary documents after choosing the bank you’re going with. The best option is to get an LLC set up with a physical address in the US that gives you an EIN to use in the account opening process. And if you need assistance along the way, Business Globalizer is here to help. We will guide you through the process and ensure your application is complete and accurate. 

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