Because of strict U.S. banking regulations it is very hard for a nonresident to open bank account without a visit to the USA. Taking into account that trip to the U.S. could be exhausting, time-consuming and expensive it's a good idea to have someone professional in the United States who could take care of your American business day-to-day activity, including banking.
At GetBizToUSA we open business operating accounts by becoming a member of client's current or newly established company. The controlling interest is held by the client, and we are listed as a Manager (LLC) or a virtual CFO (Inc) with 0% ownership interest. It allows us to form bank accounts, merchant accounts, and ensure the corporation remains in good standing. Please note that we remain the only signer on the account until nonresident owner(s) can come to the United States to change it.
Below you can learn more about current options:
|Financial institution type||Credit Union||Online Bank||Major Bank|
|Investment account||❌||❌||available upon request|
|Online banking access||'View Only' mode operations are performed through Concierge Banking service||✅||✅|
|Debit card||available upon request $20 per month||✅||✅|
|Opening time||5-10 business days||10-15 business days||10-20 business days|
|Minimum initial deposit||$100||$200||$500|
|Domestic ACH & wires||✅||✅||✅|
|International transfers||available through Master Account||✅||✅|
|Can be used with Amazon or Shopify||can be used with Amazon for individual account||✅||✅|
|Can be used with Stripe or PayPal||can be used with PayPal for personal account||✅||✅|
|Account under your business name||❌||✅||✅|
|Maintenance fee (per month) **||$120||$150||$300|
To order click here
If your business has special needs in terms of international wire transfers, bank of choice, processing time and so on, let us know at [email protected]
Do I have to visit the United States to open bank account? No, you don't. With our service everything can be done remotely.
What is the process? 1. Gathering and submitting required documentation for review by bank. 2. Bank account opening, setting up online banking. Account is operational. 3. Business debit card is issued, activated and forwarded to client.
When do I pay? You can pay our fees after account is open. We accept PayPal, credit cards, wire transfers. Initial account deposit of $100 must be paid in advance — an opened account without deposit is closed permanently by bank within 48 hours after its opening.
Why do you need to represent me in a bank? Can't you just open bank account in my name remotely? Unfortunately, at the moment we can't. Recent changes in bank account opening process have made it almost impossible for NRA (nonresident alien) to remotely open personal or business bank account as a sole owner. That is why we have to be company's Manager (LLC) or CFO (Inc) — someone must be present in a bank at the moment of opening.
How can I trust the Manager/CFO? The Manager/CFO who represents you is a reputable Chartered Accountant in the US with more than 20 years of professional background. More information can be provided upon request. There is also a Consulting Agreement in place that restricts the Manager/CFO from funds misuse and ensures account safety (the draft is available upon request).
Which banks do you work with? The list of banks we work with may vary. Please contact us at [email protected] to get an up-to-date information.
What payment methods do you accept? PayPal, credit card, wire transfer.
Is bank account opening guaranteed? Yes. But if you had any problems with U.S. banks in the past this may take some time for us to figure out the proper solution.
How is it guaranteed? We act as your U.S. representative in a bank. U.S. banks are more relaxed about U.S. residents comparing to nonresident applicants.
What documents do you require? The list of required information and documents may vary. Please contact us at [email protected] for an up-to-date information.
Is company included? No, the pricing covers only bank account opening. For information regarding company setup please contact us at [email protected]
Project Lead of Go Practice, Inc. (Forbes Russia "30 Under 30")Moscow, Russian Federation