Can anyone help me find a reference for opening a silicon Valley Bank Account from a Non US Country?
I've recently applied for a Silicon Valley Bank (SVB) account for opening a checking account for my US based Company (LLC). I am not a US citizen but reside in India.
I got a call from them asking me if I have been funded by an angel or VC to which I replied with a yes. As I have been funded by an Angel, though the investment is not huge. They said that if I don't reside in US, they would either require me to have a $100k or more investment OR a reference from an investor or someone already having an SVB account.
So, they said they would not be able to help me open an account with them unless I get a reference.
Can anyone here suggest me a solution to this? Does anyone here have an SVB account who could kindly refer me or give me ideas on how they found a reference?
Looking forward to get help from this awesome community.
Expert Answers
Sort by Date
Sort by Votes
Jul 7, 2014
Garish,
I would carefully and accurately comply with exactly what any financial institution requests. As you may or may not know, all financial institutions are following money laundering regulations.
Jun 19, 2014
HI Garish,
Give Mark Gallagher a call. He is a managing director locally in Boston for SVB. He should be able to point you in the right direction.
617-630-4180
Good Luck!
-Jason
Jun 19, 2014
Ask the people that have invested in you... obviously they are investors and know other investors...and they have a vested interest in you finding a SVB account....
Thanks a lot. I'll contact Mark.