Entering the US market is exciting—but opening a bank account as a foreign business can feel overwhelming. Different rules, ID requirements, tax obligations, and limited bank options often cause confusion and delays.
The good news: Several US and international banks do offer business accounts specifically designed for foreign-owned companies—even if you don’t have a US Social Security Number or a US address.
This guide breaks everything down clearly, with expert insights and a list of banks that accept non-resident or foreign entity applications.
Several US and global banks offer business accounts for foreign companies, including JPMorgan Chase, Bank of America, Citibank, and HSBC. Fintech platforms such as Mercury also support non-US founders. Requirements typically include a US-registered business entity, EIN, and identity verification.
What Counts as a “Foreign Business” in the US?
A foreign business is any company where:
- The owners are non-US residents, or
- The company is registered outside the US but seeks US banking access
- The US-registered entity is foreign-owned (e.g., LLC owned by non-US citizens)
Many international businesses form US LLCs to operate with American customers, payment processors, or Amazon FBA.
Which Banks Offer Accounts Specifically for Foreign Businesses in the US?
Below is the most complete and up-to-date list of banks and fintechs that accept foreign-owned US entities or non-resident business owners.
1. Traditional US Banks That Support Foreign-Owned Companies
Traditional banks often require in-person verification, but several still work with foreign owners if documentation is complete.
JPMorgan Chase
JPMorgan Chase
Best for: Established foreign businesses wanting strong banking relationships.
Key notes:
- Requires in-person visit
- Accepts foreign-owned US LLCs
- Strong global wire support
- Ideal for businesses needing merchant services, credit cards, or treasury solutions
Bank of America
Bank of America
Best for: International companies needing multi-currency options.
Key notes:
- In-person visit required
- Supports foreign ownership
- Offers Zelle, global FX, and robust corporate tools
Wells Fargo
Wells Fargo
Best for: Companies seeking nationwide branch access.
Key notes:
- Requires US address for the business
- Accepts foreign-owned entities
- Offers international wire support
Citibank
Citibank
Best for: Asian, European, and LATAM businesses operating in the US.
Key notes:
- Accepts international ownership
- Strong global banking network
- Better for medium-to-large corporations
2. Global Banks With a Strong US Presence
HSBC
HSBC
Best for: Global businesses needing cross-border corporate banking.
Key notes:
- Supports accounts for non-US residents
- Seamless international transfers
- Strong presence in Asia, Europe, and Middle East
3. Fintech Platforms Accepting Non-US Founders (Remote-Friendly)
Fintechs offer the easiest onboarding, often 100% online, with no need for a US visit.
Mercury
Mercury
Best for: Startups, e-commerce, and SaaS companies owned by non-US founders.
Key notes:
- 100% online application
- No SSN required
- Accepts many foreign founders if entity is US-registered
- Integrates with Stripe, PayPal, Amazon, Shopify
Silicon Valley Bank (SVB)
Silicon Valley Bank
Best for: Tech startups with global ownership.
Key notes:
- Strong startup focus
- International founder friendly
- Excellent treasury and venture debt options
Comparison Table: Best Banks for Foreign Businesses in the US
| Bank / Platform | Non-US Owners Accepted | Remote Application | Best For | Notes |
| JPMorgan Chase | Yes | No | Corporations, LLCs | In-person visit required |
| Bank of America | Yes | No | General business | Great branch network |
| Wells Fargo | Yes | No | High-volume businesses | US address often required |
| Citibank | Yes | Sometimes | International firms | Strong FX solutions |
| HSBC | Yes | Sometimes | Global operations | Cross-border expertise |
| Mercury | Yes | Yes | Startups & e-commerce | Fastest onboarding |
| Silicon Valley Bank | Yes | Sometimes | Tech startups | VC-friendly |
Requirements to Open a US Business Bank Account as a Foreign Company
While each bank varies, most require:
1. A US-Registered Business Entity
- LLC or Corporation (C-Corp or S-Corp—with restrictions)
- Formed in states like Delaware, Wyoming, or Florida
2. Employer Identification Number (EIN)
Issued by the IRS to identify your business.
3. Articles of Organization / Incorporation
4. Operating Agreement (LLC)
Shows business ownership.
5. Passport for All Foreign Owners
Some banks may ask for:
- Secondary ID
- Proof of address (domestic or international)
6. US Business Address (Sometimes Required)
Virtual office addresses are often accepted; PO boxes are not.
Step-by-Step: How a Foreign Business Can Open a US Bank Account
- Register a US LLC or Corporation
Delaware and Wyoming are most popular. - Obtain an EIN from the IRS
Can be done online or via fax for foreign owners. - Prepare Documentation
Include operating agreement, passports, and proof of address. - Choose the Right Bank
Fintech for speed, traditional banks for long-term credit needs. - Complete Identity Verification
Fintechs do this online; banks often require in-person visits. - Deposit Initial Funds
Usually $25–$100 for basic accounts. - Set Up Online Banking & Payment Tools
Connect Shopify, Amazon, Stripe, or PayPal as needed.
Common Challenges for Foreign Businesses (and How to Solve Them)
1. No SSN or ITIN
Many banks reject applicants without a US SSN.
Solution: Use banks/fintechs that explicitly accept foreign owners (e.g., Mercury).
2. In-Person Visit Requirements
Traditional banks require physical verification.
Solution: Use fintech platforms to get started, then open a traditional bank later.
3. Proof of US Address
Some require utility bills or leases.
Solution: Use a compliant virtual business address provider.
4. High Compliance Scrutiny
Banks conduct enhanced due diligence for foreign owners.
Solution: Provide clear business purpose and transaction expectations.
Real-World Examples
Example 1: European SaaS Startup
A German founder forms a Delaware LLC and opens a Mercury account remotely. After 12 months of growth, they open a JPMorgan Chase account for credit and treasury services.
Example 2: Middle Eastern Trading Company
A Dubai-based trading firm opens a US entity to work with Amazon FBA. They start with HSBC for cross-border banking and later add Bank of America for local transactions.
Example 3: Latin American E-commerce Brand
A Chilean e-commerce brand forms a Wyoming LLC and opens an account with Silicon Valley Bank due to startup support and international wire capability.
FAQ
1. Can a non-US citizen open a US business bank account?
Yes. Many US banks accept foreign owners as long as you have a US-registered entity and an EIN.
2. Do I need to visit the US to open the account?
Not always. Fintech platforms like Mercury allow 100% remote applications.
3. Can I open a US business bank account without an SSN?
Yes. Several banks and fintechs accept passports for foreign owners.
4. Which bank is easiest for foreign businesses?
Mercury is typically the fastest and simplest for non-resident founders.
5. Do I need a US address?
Some banks require a US business address, but fintechs are more flexible.
Conclusion
Understanding which banks offer accounts specifically for foreign businesses in the US is essential for operating smoothly in the American market. Whether you choose a fintech like Mercury or a global institution like HSBC, the key is preparing proper documentation, choosing the right banking partner, and aligning your account type with your business model..