Question 1

Can a foreigner open a business bank account in the US?

Accepted Answer

Yes, foreigners can open a business bank account in the United States, however, most banks will require your business to be registered in the US as well. The specific requirements and processes may vary between banks, but generally, you will need to choose a bank, have the necessary business documentation, such as articles of incorporation or operating agreement, obtain an EIN, and provide identification and proof of address.

If you are not yet ready to set up a business in the States, consider getting your US payment account details with MultiPass.

Question 2

How much does it cost to open a business bank account in the US?

Accepted Answer

The cost to open a business bank account in the US generally varies from 0 to a few hundred dollars, depending on the bank and the type of account you choose. There may also be a minimum deposit requirement.

For a MultiPass multi-currency account with local US account details, the cost of opening ranges from 50 to 500 euros for most tariffs, depending on factors such as your business type, country of incorporation and others.

Question 3

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

Accepted Answer

Yes, many banks in the USA offer the option to open a business bank account online. However, the availability of online account opening may vary between banks, and some banks may still require certain documentation to be provided physically or through other means.

The good news is that you don't need to have a US-based bank to transact in dollars like Americans. MultiPass multi-currency IBAN comes with local US account details and 100% online onboarding.

Question 4

Can I open a US business bank account from another country?

Accepted Answer

Yes, it is possible to open a USA business bank account from another country, provided you have a US-registered business. However, the specific requirements and processes may vary from bank to bank.

At MultiPass we issue US account details to companies registered in the UK and EU. Apply today!

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