Banking Guide
US Banking for Non-Residents
Opening a US bank account is one of the first steps after forming your LLC. Here are your best options.
Mercury
Modern business banking built for startups. Best choice for most international entrepreneurs.
- ✓ No monthly fees
- ✓ Remote account opening
- ✓ Virtual cards
- ✓ FDIC insured
Relay
Free business banking with powerful budgeting tools and multiple checking accounts.
- ✓ No monthly fees
- ✓ Remote account opening
- ✓ Profit First compatible
- ✓ FDIC insured
Wise Business
Multi-currency account ideal for receiving international payments. Not a full bank account.
- ✓ Multi-currency
- ✓ Low FX fees
- ✓ Borderless payments
- ✓ Debit card
Revolut Business
European fintech with US accounts. Good for international payments and multiple currencies.
- ✓ Multi-currency
- ✓ Virtual cards
- ✓ Expense management
- ✓ Mobile-first
What You Need to Open a US Bank Account
Most neobanks (Mercury, Relay) require:
- Active US LLC — Formed and in good standing
- EIN — Your LLC's tax identification number
- Government ID — Passport or national ID
- Proof of Address — Utility bill or bank statement from your home country
- Operating Agreement — Shows ownership structure
Traditional Banks vs. Neobanks
Traditional banks (Chase, Bank of America, Wells Fargo) typically require an in-person visit to a US branch. Some may open accounts for non-residents, but policies vary by branch and can change.
Neobanks (Mercury, Relay) allow fully remote account opening and are designed for startups and small businesses. They're the practical choice for most international entrepreneurs.
Our Recommendation
For most foreign-owned LLCs, we recommend Mercury as your primary business bank. It offers the best combination of features, ease of use, and reliability for international entrepreneurs.
Consider adding Wise Business for receiving international payments in multiple currencies with low conversion fees.