US Banking for Non-US Owned LLC

Philip J. Fry · Jul 23, 2017

Anyone know of a US bank that has a good business checking for a US LLC whose owner is an International Business Company (IBC)?

My attorney said that Bank of America, Chase, and Citi recently forbid banking for IBCs. He recommended another bank but I haven't been able to get a hold of a representative to confirm.

eliquid · Mar 20, 2020

@Philip J. Fry what did you figure out here?

cobblepot · Mar 20, 2020

Silicon Valley Bank, Mercury.co . they allow corporate cards, team authorization & all

Darth · Mar 20, 2020

Transferwise?

illmasterj · Mar 21, 2020

Mercury seem to be quite flexible.

KevinOH · Mar 21, 2020

Payoneer offers a virtual US bank account. You can receive ACH transfers and checks in the account

Politico · Mar 21, 2020

I'd second TransferWise - their conversion rates are AMAZING. Unfortunately doesn't work for me to bring in deposits from certain places (can't deposit from my non-US, USD bank account, and also Shopify doesn't recognize it as a place to receive payouts)

Philip J. Fry · Mar 21, 2020

eliquid said:
@Philip J. Fry what did you figure out here?

The tax advantage one would get by having a US LLC be owned by a foreign corporation was ended in December of 2018. The situation for the question no longer exists.