One of the first essential steps after establishing your business in the U.S. is setting up a corporate bank account. The best part? You don’t even have to be physically present in the U.S. – we can assist you in getting your business account effortlessly. Just send us an email or call us!
Why Should You Have A Corporate Bank Account?
To ensure your business runs smoothly, opening a corporate bank account is a must. Banks require various documents to verify your business’s legal standing. The common documents include the approved certificate of formation, an Employer Identification Number (EIN), and at least one company owner to be present for verification.
Each bank has its own set of requirements, so it’s important to check with the specific bank beforehand. Here are a few other important documents that may be required:
Certificate of Authority:
Also known as “Foreign Qualification,” this document permits your business to operate in states outside of where it was incorporated. If your Delaware-based business operates in other states, most banks will ask for this certificate before opening a corporate account. This document is crucial because banks consider the account as part of your business’s operations across state lines.
Certificate of Good Standing:
This document, also known as a “Certificate of Existence,” certifies that your business is up-to-date with its tax filings and complies with all necessary regulations. Many banks require this certificate for loan applications or opening a corporate bank account. It may also be requested by partners or vendors before signing significant agreements.
Advantages of Having a Corporate Bank Account:
•Supports all company types
•No Social Security Number required
•No U.S. mailing address required
•24/7 internet banking and payment services
•International money transfer through IBAN & SWIFT/BIC
•Compatibility with online payment methods like PayPal, 2CO, and AdSense
Debit Card Benefits:
•Easily manage your funds
•Fast and secure international money transfers
•Seamless online transactions
•No need for personal presence in the U.S.
Do You Have to Open a Bank Account in Delaware if You Incorporate There?
Not necessarily. Many business owners prefer to open a bank account in the state where they operate, which may not always be Delaware. Delaware is known for its business-friendly environment, and banks are used to working with Delaware-incorporated companies. This is why obtaining a Certificate of Authority is important for businesses operating outside of Delaware.
You can choose one of our services to help start your business in the U.S., and you can always contact us for further information or questions.
Contact Us
If you have any pre-sales questions, feel free to call us at +1 302 310 21 76 (WhatsApp available!).
