How do I open an American bank account?

Opening an American bank account as an international business is often a surprisingly lengthy and complex procedure. First, you will need to have established your business as an entity in the US by forming a subsidiary first. Ask your lawyer to help you open a business bank account in America.

Before you can open an American bank account for your business, you will need to have established your business as an entity in the US. This will require you to have formed a subsidiary. Only then can you open an American bank account. However, the process is renowned for being complex and lengthy, so ask your lawyer to assist you:

  • If you have created a LLC, you may need more than one business bank account.
  • You may also need to open a US bank account in person, but it is also possible to open an American bank account remotely in some instances.

Make sure that you have all the necessary documentation to hand, including paperwork to prove that you’ve registered your business in the US: these will most likely either be called ‘Articles of Organisation’ or ‘Articles of Incorporation’ depending on the legal structure of your subsidiary.

Similar questions about 'Establishing a presence'

What do I need to open a US bank account? Who can help me set up an American bank account? What happens if my US employee signs off the sale of goods or services? How do tax levels vary from state to state? What are the time differences between the UK and USA? What is the cheapest way to explore the US market? How easily can I withdraw from the US if I change my mind? Is the USA the largest importer of UK goods and services? Is it easy for a British business to expand into the USA? Is now a good time for a UK business to expand into America? How long does it take to start trading in the US? What are the tax implications of setting up a business in the USA? Do foreign corporations have to report profits if they are operating in America? Has Foothold America helped UK-based businesses to expand into the US before? Why does it take so long to set up a subsidiary in America? Why do I need a Federal Tax ID number? Where can I get support and advice if I am considering expanding to the US? Are my US employees allowed to sign off on sales of goods and services? How do I set up a company in the US? How do I expand my business to the USA? Why should I explore the US market? What is a subsidiary? Why do I need a subsidiary? What is a C corporation? Should I set up a C corporation or an LLC? How is an LLC taxed? How is a C corporation taxed? Why do I need an EIN? What is a Federal Tax ID number? What level do I pay tax at in the US? Why does my business need an American bank account? What is the easiest way to explore the US market? Is there a low risk way to explore the US market? Is my business ready to explore America? Can a British business explore the US market? What should I consider when choosing a location for my expanding business? Who can help me to set up a subsidiary in the USA? Will my US employees expose my business to US corporation tax on sales they generate? What can the US market offer my business? How do I form a subsidiary? Which states should I set up my subsidiary in? How much does it cost to set up a subsidiary? How long does it take to set up a subsidiary? What is an LLC? What is an EIN? What is the IRS?

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