No any explanation
well i did a really simple website selling web design and seo services (no ecommerce was more consulting website) but nothing. Anyway was good, chat for support tawk, well written.. No idea.. Maybe they wanted to see and ecommerce?
But with relayfi can I make later Kraken account for sending btc to my real account?
www.trynovel.com
ramp.com
You might ask, Why did they reject you! Ask yourself these questions.
do you have a functional website? a privacy policy? terms and conditions? Faq? contact form? do you have a US business address (not virtual) with a US phone number on your website?. Did you tell them that you will serve US clients/suppliers/businesses...etc.?
If your answer to my above questions is no, then you need to work on your website and business first, then apply to a bank account. Also if you deal with anything related to crypto, then don't look for US neo banks, they have no appetite whatsoever for unregistered crypto businesses, and you better look for other options like Bankera, advcash...etc. who work with crypto-related companies.
Having said that, there are other neo banks like mercury such as:
Relay | Online Business Banking | On The Money, All The Time
Relay (Relay Financial), is an all-in-one business banking and money management platform helping businesses understand what they're earning, spending & saving.relayfi.com
The AI-powered spend platform for startups to enterprises
Spend smarter with integrated corporate cards, expenses, travel, and payments — in 100+ countries.www.brex.com
Novel Business Banking
Modern U.S business banking. All your business financial apps in one place: banking, payouts, cards, invoicing & more!Spend Management, Corporate Cards & Accounts Payable Solutions | Ramp
Make expense management easy with Ramp’s spend management platform. Combine global corporate cards, travel, expenses and accounts payable to automate finance operations and improve efficiency.
(Ramp is more like a corporate card (better than brex in some cases), and not a bank account, for ramp you need to have a business account (any of the above could work), have a 75k in your business account and most of your business spending in the US such as hosting, marketing...etc)
But seriously, you need to work on your business first and then apply for a bank account, otherwise, no neo bank will onboard you and you will have to travel to the US to find a solution.
I created my LLC for a online marketing company. The website looked professional with a good domain/name. I said that *some* of our customers are from the US, which is why I am applying. Also had a ‘real’ adress + US phone number matching the area code (delaware). I also had social media accounts set up. Basically everything so that it looks like a real business with lots of paying clients. They didn’t approve me right away, but asked me to answer a few more questions and I was approved. As MiddleEuroAsia said, you need to work on your website and your digital footprint.
Good for you, you lucked out, after some time, they can and will start investigating your invoices and where are they coming from if you started to receive large amount of money, I had some talks with some interesting folks last week and they told me that these challenger banks (mercury, novel...etc) will start cracking down on businesses that has no affiliation to the US.
Then, you have nothing to worry about
. Then, you have nothing to worry about
If I have any advice for you, it will be to try using other services like the one I mentioned above in this thread, you never know what could happen and diversifying in general is not a bad idea.
Why dropping them? you can send ACH transfers from them to wise directly without dropping them, at least your money in mercury and the likes is insured, and you can use wise for it's intended purpose only - cheap money transfers.
I mean mercury is basically free. 0 monthly fees, 0 transfer fees, no minimum balance required and top of that, your money is insured, there are 0 negatives and lots of positives, while wise, only has the advantage of cheap money transfers, that it. Plus you can transfer the money from mercury to your brokerage account if you want to.
