The US is one of the largest markets in the world. Having a US bank account allows entrepreneurs to receive payments from American clients, manage funds in USD, and expand their business in the US market. It’s especially beneficial for e-commerce, consulting, and software-based businesses.
Who Can Open a US Bank Account?
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Foreign entrepreneurs with a registered US company
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Amazon FBA, eBay, Etsy sellers targeting the US
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Freelancers working with US-based clients
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Entrepreneurs seeking investments or crowdfunding in the US
Benefits of a US Bank Account
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Direct payment from US customers
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Manage funds in USD
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Access to business loans and financial services
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Easier sales on US marketplaces
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Lower costs for international transfers
Required Documents
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Passport
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US company formation documents (LLC or Corporation)
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EIN (Employer Identification Number)
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US address (company or virtual office)
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Sometimes ITIN (Individual Taxpayer Identification Number)
Ways to Open a US Bank Account
1. In Person in the US
Many banks require you to visit a branch in person:
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Bank of America, Wells Fargo, Chase are popular options
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Schedule an appointment and bring all required documents
2. Online Banking and Fintech Solutions
To open an account remotely:
3. Through Stripe Atlas
Stripe Atlas helps you incorporate in the US, get an EIN, and open a US bank account with partner banks like Mercury or Silicon Valley Bank.
Things to Consider
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Keep documents updated and accurate
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Ensure address and company details match
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Have a business model compliant with bank policy
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Some banks require a minimum initial deposit (e.g., $500–$1,000)
Popular Banks and Online Options
Bank / Platform |
Features |
Bank of America |
Large branch network, high trust |
Wells Fargo |
Small-business-friendly services |
Chase Bank |
E-commerce solutions |
Mercury |
Fully online, startup-friendly |
Wise Business |
Multi-currency support |
Payoneer |
Global payment network |
Pro Tips for Success
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Set up your company and get your EIN first
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Research online banking alternatives
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Clearly explain your US business plans to the bank
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Compare fee structures to avoid unnecessary costs