US LLC opening Bank account

[michaeldon]

Hi guys

I have a US LLC which will be a disreagarded entity as I am a non US resident. I need to get a decent US account for it. I have an account with Mercury but I am afraid to use it because the reviews are so bad (losing money etc).

For remote account opening, Revolut require an officer of the LLC to be a US resident. If I fly to the US Bank of America will oepn an acount but they require the same. However I met a non resident who opened an account with BOA using some kind of US address "without issues." I don't know the full details of that.

So what are the options?

- do I need to find a friend in the US and actually appoint him a director of the LLC? Maybe he could just tell the bank he is one? I read that the appointment of the LLC officer need not necessarily be public so it's hard for the bank to check? If I use a friend I don't want to get him into any difficulties because of false declarations etc.
- Could I just get a mailbox style address and tell the bank that's my address? Do they want utility bills?

Maybe I am over thinkng it?

 

[FilipinoLawyer]

Hi guys

I have a US LLC which will be a disreagarded entity as I am a non US resident. I need to get a decent US account for it. I have an account with Mercury but I am afraid to use it because the reviews are so bad (losing money etc).

For remote account opening, Revolut require an officer of the LLC to be a US resident. If I fly to the US Bank of America will oepn an acount but they require the same. However I met a non resident who opened an account with BOA using some kind of US address "without issues." I don't know the full details of that.

So what are the options?

- do I need to find a friend in the US and actually appoint him a director of the LLC? Maybe he could just tell the bank he is one? I read that the appointment of the LLC officer need not necessarily be public so it's hard for the bank to check? If I use a friend I don't want to get him into any difficulties because of false declarations etc.
- Could I just get a mailbox style address and tell the bank that's my address? Do they want utility bills?

Maybe I am over thinkng it?

I was able to open corporate accounts with Trynovel.com, Brex, Wise with no issue using the US LLC. I am also a non US resident. You should not have any issue as long as you have the formation documents and the EIN letter.

 

[clemens]

documents and the EIN letter.

as a non US citizens it will be possible to get such a letter?

 

[ih8socialism]

as a non US citizens it will be possible to get such a letter?

Yes you can request an EIN as non US Citizen

 

[FilipinoLawyer]

as a non US citizens it will be possible to get such a letter?

You can apply for it yourself. Or you can ask get the same website forming your company to get the EIN letter for you.

 

[michaeldon]

I was able to open corporate accounts with Trynovel.com, Brex, Wise with no issue using the US LLC. I am also a non US resident. You should not have any issue as long as you have the formation documents and the EIN letter.

Thank you!

 

[SimpleGuy]

Hi, I have a foreign-owned US-LLC incorporated in Delaware. I met the same situation in 2018 as you so I came to US to open a bank account. The first day I went to all banks (wearing a lacoste tracksuit) and all of them rejected me (in the order bank of america, td bank, city bank, wells fargo…) Idk if I was rejected because at this time I didn’t speak well english or because I wore bad. Then I was forgiving but I wear my best shirt and my best pants and I went back to bank of america and met a wonderful latina girl who understood that I only spoke french (i’m french) so she calls her coworker from Ivory Coast who spoke french as well. In fact I needed a personal address in the US so we entered the address of the Airbnb. With this I submitted the certificate of formation and the statement of authorized person then they opened the account.
4 years later, today, it’s good but they take a lot of fees, 3% on each foreign currency spending, 5$ on each withdrawal + 3%, they only offer account in USD and it’s very difficult to apply for their credit card (travel rewards) to avoid foreign transactions fees. Actually I’m searching for a better solution but I don’t find anyone.

 

[howyoudoin]

it’s very difficult to apply for their credit card (travel rewards) to avoid foreign transactions fees

I wonder if there's a work around

Why did you open an account only at 1 bank?

 

[SimpleGuy]

I wonder if there's a work around

Why did you open an account only at 1 bank?

Because it’s the only bank who accepted me. Then I opened a TransferWise account but it’s not really a bank account and they do not provide a debit card for US companies yet.

 

[howyoudoin]

Because it’s the only bank who accepted me. Then I opened a TransferWise account but it’s not really a bank account and they do not provide a debit card for US companies yet.

Ok, do you know why they don't give you travel rewards card? Because you're not a citizen?

 

[SimpleGuy]

Because I don’t have a SSN or ITIN, it’s mandatory to have one to get this kind of card

 

[howyoudoin]

Because I don’t have a SSN or ITIN, it’s mandatory to have one to get this kind of card

Oh. You can't get ITIN as a non US person?

 

[JohnnyDoe]

Oh. You can't get ITIN as a non US person?

Yes you can, no problem. Plenty of firms that can do this for you if you don’t want to deal directly with IRS

 

[SimpleGuy]

Yes you can, no problem. Plenty of firms that can do this for you if you don’t want to deal directly with IRS

Of course but then you must pay tax in the US.

 

[JohnnyDoe]

Of course but then you must pay tax in the US.

Not at all, an ITIN per se doesn’t make you liable to US taxation.

 

[Fulton Abraham Sanchez]

Local banks will accept if your friend comes to the branch in person and opens the account, and he is a director showing in public company records that the bank can see. Banks do not accept mailbox address.

There is an option in Puerto Rico that opens remotely, but needs introduction.

 

[fortunespeculator]

Local banks will accept if your friend comes to the branch in person and opens the account, and he is a director showing in public company records that the bank can see. Banks do not accept mailbox address.

There is an option in Puerto Rico that opens remotely, but needs introduction.

Which ia that option?

 

[extremedox101]

I went back to bank of america and met a wonderful latina girl who understood that I only spoke french (i’m french) so she calls her coworker from Ivory Coast

what the f**k

You can apply for it yourself. Or you can ask get the same website forming your company to get the EIN letter for you.

i have sent faxes to irs and get it for free .

 

[XanaX]

I was able to open corporate accounts with Trynovel.com, Brex, Wise with no issue using the US LLC. I am also a non US resident. You should not have any issue as long as you have the formation documents and the EIN letter.

I was accepted by trynovel but I don't know if I can make international wire with it?

 

[SimpleGuy]

Actually the best option is Mercury if you are non-resident