Bank Account for Non-US-Resident / Non-US-Citizen  
 

Q: What type of bank account I will be able to open?

 

A: You will be able to open the following types of US Bank Account:

 

Checking Account is your main, day by day operating bank account. You can use checks, wire transfers, cash withdrawal and debit card payment as the primary instrument for withdrawing money.

With a checking account you can make purchases, pay bills, and give or loan money to anyone you choose. You can also use a check to transfer money from your checking account to a bank account at a different financial institution. Usually, financial institutions allow account holders to make as many deposits and withdrawals as they wish. Many allow account holders to make withdrawals and deposits through automatic teller machines (ATM) as well.
 

Savings Account allow you to generate interest on balance you have in the account. The account have most of the features of saving account. Some banks limit the number of deposits and withdrawals you can make in a saving account.


Money Market Account pays interest at a higher rate than the rate paid on interest-bearing savings and checking accounts. Often, money market accounts impose a minimum balance for the account to start earning interest. The minimum required balance on a money market account is usually higher than that imposed on a checking or savings account. With a money market account, withdrawals are limited to six per month. No more than three of these withdrawals can be by check.

 

Certificates of deposit (CDs), are bank accounts that require the account holder to make a deposit and agree to leave funds in the account for a specific amount of time. In return for this agreement, the financial institution pays interest to the account. Often, the interest paid on a CD is higher that the rate paid on other types of bank account The account holder is required to keep his or her money in the account until the specified term is over. However, some financial institutions allow account holders to withdraw interest, without affecting the principal. In some cases, account holders may be allowed to withdraw their principal funds before their CD matures, but a penalty is typically charged.

 

 

 

 

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Globes America™ assists International Entrepreneurs, Non-US-Residents and Non-US-Citizens in opening a  Business Bank Account and other banking solutions for their US Companies since 2006.

 

We work with first class  Banks which offer  comprehensive  banking solutions to US Corporations and US LLCs owned by Non-US-Residents.

 

We offer our Bank Account Introduction & Submission in two levels: 1) US Business Account 2) USD offshore Business Account for US LLC / Corporations.

 

Globes America™ is an "Introducer" of some of the largest banks in the US and outside the US (Seychelles, Belize, UK (Isle of Man) , Cyprus, Navies, Latvia). We are able to provide you with the most suitable banking solution for your business needs.

 

Printable Bank Account Introduction & Submission Term Sheet (pdf file)

 

 

For more information, requirements, terms & conditions:

***A MUST READ GUIDE***
 

US LLC USA CompanyFree US Incorporation Guide

US LLC USA CompanyFree Name Check

US LLC USA CompanyFree Access to Globes America Specialists

 

 

 

The Patriot Act and Know Your Customer Policy
 

Post 9/11/2001 and the Patriot Act, Non-US-Residents find it difficult to open a US Bank Account or USD based Bank Account. Banks have to open new accounts based on the Know your Customer Policy:

 

Know your customer (KYC) is the due diligence that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information pertinent to doing financial business with them.

 

One aspect of KYC checking is to verify that the customer is not on any list of known fraudsters, terrorists or money launderers, such as the Office of Foreign Assets Control's Specially Designated Nationals list. This list contains thousands of entries and is updated at least monthly. As well as sanctions lists there are lists of third party vendors that track links between persons regarded as high-risk owing to negative reports in the media about them or in public records.
 

 

 

US Corporate Bank Account for Non-US-ResidentHow do we assist you with opening your bank account?

 

Most Commercial and Retail Banks do not allow Non-US-Residents maintain an individual or a corporate bank account due to lack of social security number, business address, credit history and track record.

 

Globes America understands the need of  Non-US-Residents to have a USD Business Bank Account.  We maintain long term working relationships with US and International Banks to provide USD banking solutions for Non-US-Residents. We will work with you to meet the requirements of "Know Your Customer Policy" and open your USD Bank Account.

 

The banks we work with are willing to open an account for US LLC or US Corporation owned by a Non-US-Resident. They expect us to process an initial screening to our clients and prepare a semi due diligence and bank account application. Based on the information we provide to the bank a principal approval to open the account will be granted.

 

Then we will assist you with filling up a complete new bank account application which you will mail to the bank. The bank will process the application in few days and open the account.

 

 

 

What type of business we can assist with opening a U.S. Corporate Bank Account?


1. Technology
2. Software Development
3. Clean-Tech and Green-Tech
4. Internet
5. Content Management
6. Life Science
7. Nano-Tech

 

What type of business we can assist with opening a USD Offshore Corporate Bank Account?

 

1. All businesses mentioned above

2. Real Estate

3. E-Commerce (sales of goods and services using online platform)

4. Retail

5. Wholesale

6. Manufacturing

7. Web Design and Web Hosting

8. Online Consulting & Management

 

 

 

What are the requirements to open the account?

 

1. Valid Passport (account signer)

2. Proof of Address (account signer)

3. Certified Articles of Incorporation / Formation*

4. Bylaws / LLC Operating Agreement*

5. EIN Confirmation Letter*

6. US Business Address*
7. Utility Bill

 

If you incorporate your US Business with Globes America, we will provide items 3-6.
You will need to notarize the above mentioned documents.

 

 

 

What is included in your Bank Account Introduction & Submission Service?

  

Our Bank Account Introduction & Submission Service assists you with the process of opening a bank account for your US Company based on the options available at the time. The services includes:

 

1. Presenting the banking options available including specific banks and their policy / procedures to open an account for a Non US Resident.

2. Contact information of each bank to enable you contact the bank and apply.

3. Application forms, instructions and details on the supporting documents the bank requires to open the account

4. Assistance with filing in the application, preparing the supporting documents and applying with the relevant bank

5. Communication with the banker when necessary and setting up an appointment (if required)

 

 

Money Back Guarantee

 

Note: We do not sell ebook or guide like most companies advertising on the web. Globes America will process a principal approval for your Bank Account with a Reputable, FDIC Insured US Bank or USD Offshore Corporate Bank Account, which will allow you to open the account upon submission of the bank's application and identification documents.

 

Globes America will assist you with filling in the applications, forms and all required documents to the satisfaction of the banks.

 

We do NOT provide nominee banking service and we will NOT be a signer in your account. You will be the sole signer of the account. Globes America, Inc or its Representatives will not be nominee(s) or co-signers in the account.

Money Back Guarantee: if for any reason, we have not been able to introduce you to  a US bank account or a USD Offshore Bank Account(within 60 days from your order date) , the fees you have paid to us for Bank Account Introduction & Submission will be fully refunded to you within 7 business days.


 

Privacy Policy

 

Your privacy is important to us. We use the information you provide about yourself when placing an order only to complete that order. We do not share this information with outside parties except to the extent necessary to complete that order. Specifically, we will share your information with banks we apply for your bank account

 

 

Fees Schedule & Bank's Policy

 

Globes America is not a financial institution nor a bank (please refer to our disclaimer below). Approval to open a bank account will be granted by the bank, subject to the bank's sole decision.

 

All fees related to maintaining the bank account and/or transaction fees are subject solely to the bank's fees schedule. Upon processing of your bank account application, the bank will forward you an updated fees schedule for your review.

 

Here are some fees of a bank we work with as of October 1, 2009:
Monthly Account Maintenance $20.00
Incoming Wire Transfer $10.00

Outgoing Wires Initiated Online - Domestic Wire $12.00

Outgoing Wires Initiated Online - USD International $25.00
Outgoing Wires Initiated Online - FX International $25.00

Checks Deposited $0.11

 

 

 

What is included in the Bank Account Introduction Service:
 

We Provide you with bank application forms and a detailed instruction, which helps you to prepare your documents, complete the forms and email them to our company for pre-screening,
 

Prepare corporate documents according to the banks requirements (Articles of Incorporation / Formation, LLC Operating Agreement / Bylaws, EIN Confirmation Letter, Member Certificate / Stock Certificate,
 

Receive your completed bank forms via email, pre-screen them and provide your with recommendations improving presentation of your business information included in the application,
 

Introduce you to the bank and forward your completed new bank account application to the bank for its initial review,

 

Obtain the bank's initial approval on your application,

 

Assist you with all required personal and corporate documents and signed application forms (in paper form) to the bank for its final review,
 

Monitor and support you with your account opening process and helps you to get your account opened in timely manner.


Disclaimer:
 

Globes America is not a financial institution and does not offer or provide any financial services. Our company offers business consulting and incorporation services.
 

Globes America does not assist with opening personal (individual) bank accounts.
 

The Client must submit to the bank all required documents, completed and signed bank forms and information requested by the bank.
 

The bank could request any additional information and/or documents from the Client at its discretion and the Client must comply with the bank requirements.
 

The bank makes its own decision about each application based on client's personal documents and business activities. Globes America has no control over the bank's decisions, and does not accept any responsibility for bank's decisions.

 

Q: As a Non US Resident can I open a business bank account for my US Company?

A: Yes. There a few banking options available to Non US Residents to open a business bank account to their US LLC or US Corporation or Non Profit Organization.

 

Q: Do you assist in opening a business bank account?

A: Yes. We offer Bank Account Introduction and submission service to assist our clients open a business bank account. All our US Incorporation Packages include Bank Account Introduction & Submission Service.

 

Q: What are the banking options available to my US Company as a Non US Resident?

A: There are 2 category of business bank accounts available for a Non US Resident:
US Bank Account (most likely will require you or the company authorized signer to identify in person at the bank in the US).
Offshore Bank Account (you don't need to identify yourself in person at the bank).

 

 

Q: What are the differences between US Bank Account and USD Offshore Bank Account?
A: US Bank Account is located in the US v.s. Offshore Bank Account which is located outside of the US (mostly in offshore territories). US bank account is subject to US financial and banking laws v.s. Offshore Bank Account which is subject to the banking laws of the county where the bank is located.

 

US Bank Account has a ROUTING NUMBER which is a domestic ID Number. Using the routing number you can link the account to Paypal, Amazon, Apple, Authoirze.net and other US third party financial institutions. Offshore Bank Account has an IBAN NUMBER which is international ID Number. Using the IBAN you can receive international wire transfers to your offshore account from any bank account worldwide.

 

US Bank Account can be linked to a domestic US Merchant Account v.s. Offshore Bank Account which can be linked to international merchant account.

 

US Bank Account can only be a USD (USA Dollar Currency) account v.s. Offshore Bank Account which can be a multi currency bank account and can be managed in USD, EUR or other available currencies.

 


 

 

Q: What are the options available for  US Bank Account?

A: Post 9/11, the process of opening a US Bank Account for a Non US Resident / Citizen is more challenging than before. Many US Banks will require the signer to have a social security number (SS#).

 

Globes America established working relationships with US Banks to enable Non US Residents / Citizens open a US Bank Account for their US Companies. The standard Procedure will require the account signer to come to the bank, usually in the state where the company is registered and identify himself / herself in person with a passport and a secondary ID (i.e. driving license).

 

 

Q: Can I open a US Bank Account without coming to the US in person?

A: As mentioned above, the standard procedure will require the signer to come in person to the bank.

However, we do offer few options to open a US Bank Account without coming to the US:

 

Newas of April 01, 2013

US Master Card with US Bank Account Number and Routing Number - Remote Opening:
Receive ACH Payment (checks or wires) from major US Companies: PayPal, Amazon, Apple and more

 

 US Pre-Paid Card
 

This is a great option for anyone who needs to receive payments from Major US Companies and is not able to come to the US to open a US bank account.

 

You don’t need to physically be in the US to apply for the card. You will be able to apply ONLINE from your country. You don’t need to have a US Social Security Number. You will be required to provide a copy of your valid passport or valid government issued photo ID showing your legal name and your photo.

 

Once approved, you will receive a pre-paid Master Card with a US Routing Number and Bank Account Number.

 

 

Newas of March 01, 2013

US LLC USA CompanyUS Bank Account - Remote Opening for Candanian Citizens / Residents:

If you are a Canadian Citizen or Resident we can introduce you to a US bank account which enable you to open a US Bank Account from Canada. If you meet the requirements below, you will be able to open your US Bank Account remotely without coming physically to the US.

 

 

Newas of January 01, 2013

US LLC USA CompanyUS Bank Account - For Non US Resident (must sign in person at the bank in the US):

This program is unique and offers a great benefit to Non US Residents in the process of US Bank Account opening. It is a great challenge to open a US Bank Account for your US Company even if you come in person to the bank. Most US banks will require social security number (SSN) or ITIN and US Residential Address. In most cases, the only option available is to open your US Bank Account in the same state where your company is registered. Most Non US Residents register their US Company in Delaware State.

This program enables you as a Non US Resident to open your US Bank Account in various locations throughout the US. It means that if you have a Delaware Company, you will be able to open the account in Florida State or in any state listed below: AZ – Arizona, FL – Florida, IL – Illinois, IN – Indianapolis, KS – Kansas, MN – Minnesota, MO – Missouri, NV – Nevada, WA – Washington, WI – Wisconsin  

 

 

US LLC USA CompanyTechnology Company:

The Technology Program purpose is to assist innovative companies from all over the world with expanding their business into the US Market. If you are a technology company we can assist you with opening a bank account with a US Bank without been present in the US.

 

US LLC USA CompanyEstablished Business (12 months or more):

The purpose of the "Established Business Program" is to assist foreign companies with proven banking records expand their business in to the US. If you have an existing  business in your country or in the US for 12 months or more, we can assist you with opening a bank account with a US Bank without been present in the US.

 

US LLC USA CompanyForeign Company with a US Person as an Authorized Bank Account Signer:

The purpose of this option is to assist foreign companies with a US Person who can act as the bank account authorized person to expand their business in to the US. If you have a US Company and a US person who can act as the account signer, we can assist you with opening a bank account with a US Bank without been present in the US.

 

US LLC USA CompanyUS Bank Account for a Real State Investment Company (New York State) :

The purpose of this option is to assist foreign real estate investors to open a business bank account to manage their banking and financial needs without coming to the US. If you have a US Company registered in New York State and you are in the process of purchasing a real estate property in New York State, we will be able to assist you with opening a bank account for the company remotely.

 

US LLC USA CompanyOffshore Business Bank Account for your US Company (Belize / Cyprus / Seychelles / British Virgin Island and more...):

The purpose of this option is to assist a US Company owned by a Non US Resident / Citizen open an offshore business bank account. This option is suitable for you if you need to have a bank account outside the US or if you are unable to meet the requirements of the US Banks mentioned above. The advantage of this option is the ability to open your bank account remotely from your country without coming in person to the bank. Once the account has been setup, you can manage it online using the online platform the bank will provide you with.

 

Q: What banking services and features available using the business bank account?
A: The banks we work with offer online banking system with the following features:

a. Online banking system that allows you review and manage your bank transactions

b. Incoming and outgoing Wire transfers

c. Incoming and outgoing International Wire transfers

d. Debit / Credit card to the owners

e. Check book and online billing capabilities

f.  Customer Service and personal banker

 

 

Q: What banks are available to me?
A: We work with many US and International Banks which offer banking facilities to US companies owned by Non US Residents. Citi Bank, PNC Bank, Bank of America, Chase JP Morgan, Wachovia, Wells Fargo, Commerce Bank, Wilmington Trust, SVB, Barclays, Lloyds, HSBC and more.

 

 

Q: What are the documents require to open a business bank account for my US Company?

A: In order to apply for a business bank account you will have to provide the bank the following documents:

 

1. Valid Passport (account signer)

2. Proof of Address (account signer)

3. Certified Articles of Incorporation / Formation*

4. Bylaws / LLC Operating Agreement*

5. EIN Confirmation Letter*

6. US Business Address*

7. Utility Bill

 

Notes:

1. If you incorporate your US Business with us, we will provide items 3-6. 
2. for offshore bank account You will need to notarize the above mentioned documents.

3. some offshore banks will require apostille of the certificate of association / incorporation / formation

 

 

 

 
 

 

Open a US Bank Account
 

 Fees
 

 


 

Bank Account Submission $699*

Business Bank Account
USD Checks
Incoming Wire Transfers
Outgoing Wire Transfers
Debit Card
Online Internet Banking
Complete Internet Access
Manage your account from any where in the world

 

*if you incorporate with us and order US Incorporation Package + US Business Address.

 

**If you are already Incorporated the fees for US Bank Account Submission
 

Open a US Bank Account

 

 
Business Services, Business Licenses & Permits, Bylaws & Operating Agreements, Registering a Business Name (DBA), Employer Identification Number (EIN).
Do Business in Additional States Business Structures, Limited Liability Company (LLC), C Corporation, S Corporation,
Nonprofit Corporation, Professional Corporation, Limited Partnership

GlobesAmerica.com 2009   |    http://GlobesAmerica.com   |   info@GlobesAmerica.com