Having a bank account in the US offers numerous advantages, especially for international businesses that deal with American customers. Managing cash flow and ensuring consistency with IRS records are key concerns for businesses operating in the US, and a US bank account provides a seamless solution.
Advantages of Having a US Bank Account
1. Streamlined Payments
US businesses generally prefer to work with US banks for payment transactions. Methods like ACH transfers are only available to US bank accounts, while accepting checks from foreign banks can lead to lengthy processing times (sometimes up to 60 days) and extra fees ranging from $15 to $50. Having a US bank account significantly simplifies the payment process.
2. Improved Online Payment Options
For businesses using online payment platforms such as PayPal, eBay, 2Checkout, or Stormpay, a US bank account offers greater convenience. Payments received via these platforms can be processed faster and more economically when linked to a US bank account.
3. Global Access with US Benefits
Even if you’re not a US resident, you can benefit from having a US bank account. A US bank account can offer the following:
•Support for all types of companies
•No need for a Social Security Number
•No need for a US mailing address
•Access to 24/7 internet banking and payment services
•Debit card availability
•Quick and secure money deposits
•International wire transfer options with IBAN and SWIFT/BIC codes
•Compatibility with platforms like PayPal, 2CO, and AdSense
•No need to be physically present in the US to open an account
With a US bank account, you can also save on fees and expedite your payment processes, making it an ideal solution for companies operating globally.
You can choose one of our services to start your business in the US, and you can always contact us for further information or questions.
If you have pre-sales questions, call us at +1 302 310 21 76 (You can also text on WhatsApp!).
