Is there a US bank for easily creating new business checking accounts remotely?

You may have some luck with Silicon Valley Bank. We came across them as an option when we were shopping around for our business checking. They can set up an account remotely, but only service the tech industry. Not sure what industry your business falls into? Also, it’s not as easy as filling out an online form, they assign you an account rep and you have a call, send paperwork, etc. but it can be done remotely. Hope this helps!

I live abroad and recently formed an LLC (in Wyoming if you must know) and I was planning to call up a Wells Fargo or other bank in WY to try to set up the biz account remotely. The LLC company, while absolving themselves of any involvement with this, told me that people had had some luck setting up an account remotely with them in the past.

Then I happened to be visiting the states briefly, like for a few days, and I went into a WF and they set me up in about 2 hours. They said that a law had changed VERY recently (like in the last few months) that made it impossible to set up biz accounts remotely; they were not doing it anymore and good thing I had not tried to do it over the phone from abroad.

I have a mailing service in FL which is my “official” address but it can get flagged with CC applications and the like (and Charles Schwab would have none of it when I tried to apply for that no-ATM-fee account with that address and couldn’t come up with an alternative). So in the WF, the address got flagged as well as a ‘commercial mailing service’ or something so they said to just use my friend’s place where I was staying down the street. They said they wouldn’t send ANYTHING to that address but needed it to put in the residential address field (despite the fact that I don’t live there and have nothing to do with that state) and I could put the LLCs address on my other docs like mailing address, etc, no problem.

Anyway sorry for the tangent but thought my experience might be useful to you somehow.

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Check out Can’t recommend them highly enough.

Simple is only for US residents. Totally worthless…

Sorry. I thought this thread was about US banks. Don’t you need to be a US citizen to have an account any US bank?

You can have a US based account even if you are a foreigner, but for you also need to be a resident :frowning:

This is awesome. Im still paying $15/mnth to BofA just to maintain that US presence.

Very simply, has anyone gone through these to find out which of these can be utilised even as a non citizen and be opened 100% remotely?

Interesting. Looks like it’s for personal checking, not business checking. But might still work. Thanks.

Citibank allows non US residents to open accounts, but you have to do it personally in a US branch i think with your passport and a document that proves you live abroad like a gas or electricity bill.

I don’t think there is an easy way to do it because of Patriot Act and anti money laundering legislation. I wish there was a “Simple Bank” for startups. Unreal how antiquated and overpriced business banking is.


@tylertringas I’ve set up a Wells Fargo business checking account remotely, but you do need to have some proof of residency in the state.

Years ago I was able as a non US citizen and non-resident to open accounts at Chase, but not remote. I had to show my ID and a proof of address.
It might be possible to open an account without seeing a banker if you have a US SSN (Social Security Number). But since “Know Your Customer” is en-vogue a foreigner will probably need to show ID in person.

Side note: A smaller bank in California accepted my foreign visa or MasterCard as proof of address) :slight_smile:
And one more: I experienced big problems when I tried to make a wire from USA (Chase) to overseas online - they just stop it for “security reasons”. So there is a chance your money might be stuck in the US :unamused:. I never had such an issue in Hong Kong or UK.

Simple closed my account even as a US citizen because I don’t own a home or rent an apartment in the US any longer. Chime Bank flagged me because I forgot to VPN.

Sorry to hijack the business thread.

Did anyone find a good business bank? Chase froze my debit card. I have to fly back to the US. I’d love to provide them the 2 pieces of ID, unfreeze everything then ask them to transfer out and close my relationship.

I recently opened business accounts with both

BoFI, La Jolla CA. My contact is Mustapha O. 858-649-2130


Seed co.

Seed required a personal utility bill to verify my identity. I have no permanent or residential address, and they took my mobile phone bill as proof of residence. My mobile phone is addressed to small mom n’ pop commercial mailbox in a very affluent Los Angeles neighbourhood with brand and zip code cache. Just saying the zip code gains unearned rapport/respect with agents you can use to your advantage. DM me for a referral if you like.

Both accounts were opened completely online with freshly started 2017 Wyoming LLCs which I opened remotely.

For personal banking, you can try Schwab or Simple, but both IME were pains in the ass to work with.

SVB is good at wine and coding and genetic engineering. They’re impeccable at what they do. I have several investor friends with 8 figure SVB accounts and was warm referred. They denied my application in 2012, even though I’m involved with a biotech startup. See, my firm’s abilities wasn’t within the SVB sphere of expertise. If you’re outside of that scope they don’t have the resource network for you and won’t take you. SVB only wants companies they can win with.

I tested a couple other online business banks but they weren’t worth the effort.

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Hi I tried US Bank this morning in person in San Diego and I just registered my LLC in Wyoming. They DENIED me unless I can prove my LLC does business in CA (and I have to register with the state)… I told them that doesn’t apply to online businesses but they said sorry that’s our policy… The person who opened US Bank… How did you do it? Wells Fargo asks for address verification in both the RESIDENTIAL AND BUSINESS like a lease, tax statement, utility bill… Obviously annoying.
I’m trying with Small Business Bank which is a purely online bank and services all states. My understanding is the bank of your choice has to have a presence in Wyoming… Is that wrong?

Hey guys, I’m a little bit late to the “party” but I recently opened a “borderless business account” with Transferwise. They are a fintech startup but extremely legit and regulated by UK, European and US authorities. They are 100% compliant. In 10 days they send you a debit card linked to the account.
The coolness factor is that on the same account you can basically open two accounts (if you want) one personal and one business, where you fill your tax details and the likes.
You can receive and send money in any currencies and upload money from whatever source and leave it on the account.
They have real accounts in any major continent, so it’s like a cloud server, they basically sublet their account to you but with your own unique Iban and all normal details. So if you need to receive wires or stuff, you have different bank accounts for each area.
Example: I have bank details at a bank in the US (a real bank) for the North America area, Deutsche Bank account for the European area, a Barclays account for the UK, etc. It’s like Amazon seller accounts. And in fact I easily linked those to each account.
On top of that, you change currencies at the best rate on the market (this is their core offer), without being robbed by hidden fees and pumped change rates of the traditional banks. Go check it out.

I use Seed for my LLC. I see a bunch of mentions for Simple upthread (which I also use, but they’re personal accounts only) - it’s worth noting that Seed was founded by a few Simple alumni.

I’ve had a great experience with them, and IIRC it hasn’t cost me much of anything to have the account for a year or so now.

Similar story here. One West Bank denied me a business account in CA because they are required to “visually inspect the site” of the business, and my business is registered outside of CA. I like kyshoc’s idea of using, I think I’ll try that next time.