If you trade within the U.S. or do transactions with U.S. clients, you may be asked to process payments via local payment methods. Even though some businesses state they use services such as PayPal or Wire Transfers, these methods may sometimes be inconvenient, time-consuming, and costly. Therefore, having a US Bank account might prove beneficial in this regard.

  • Many international small, medium, or large-scaled businesses operating need a US bank account for their American customers. The main reason behind this is the problems foreign currencies bring about. The expectations of customers in the US are the consistency of IRS records and the convenience of managing cash flow.
  • Internationally operating businesses in the US generally work with US banks when it comes to payment. Some enterprises use check while others use ACH transfer method. ACH only works with the banks within the US accepting checks may also bring some other problems for the process and credibility of payments. Sometimes this process can reach up to 60 days. It also costs an extra fee between $15 and $50. So, having a bank account in the US will probably ease your payment processes.
  • Additionally, if you are using payment services such as PayPal, Ebay, 2Checkout, and Stormpay; you probably know how inconvenient, time-consuming and economically unfavorable receiving payment is. If you operate online and accept payments via services such as PayPal and Ebay, it is always a good idea to have a US bank account.
  • It is important that a business owner separates their personal and business banking
  • A business bank account helps maintain accurate records, make deposits, withdrawals, wire transfers, prepare reports, and much more…
  • With a business bank account, you will have lessened your tax liabilities by keeping your business revenue and expenses separate from your personal assets
  • Business banking relationship may also help you to secure bank loans

The main question that you might be asking is probably this: “Can I open a US Bank account as a non-US resident?”

Especially after 9/11, the U.S. government makes the process of opening a bank account in the US difficult for non-residents. The essential point is that it has become difficult, not impossible.

Here are some methods you can try. First, you can try applying to online banks. You may have a chance to open a bank account on some platforms such as Silicon Valley Bank or Everbank. However, this process might prove to be a little time-consuming and difficult.

Alternatively, you can plan a trip to the U.S. and talk to the banks to open a bank account. To do this, you need to collect the required documents before you come to the U.S. and you must be able to demonstrate your credibility to the banks. To proceed with this method, you need a U.S. visa which again proves to be burdensome. Therefore, it might be beneficial for you and your business to get the assistance of professionals, which we can provide.


Please do not hesitate to consult us if you have any questions or inquiries!