What is the process of opening a business bank account?
Hey. I want to open an online business in the USA, and I am non-resident. Is the process of opening a business bank account complicated there? Any recommendations?
Here is the list of the most common and standard documents to open a business bank account. Check with the bank you choose if they require any additional documents.
Articles of organization
Business Tax Identification Number (EIN)
Corporate resolution to open an account (Most banks have a boilerplate form they can provide)
Fictitious name filing (DBA/Doing Business As), if different than the corporate name
Your personal ID and information (For verification and security checks)
Non-resident and non-citizen of the USA, you should apply for an ITIN (Individual Taxpayer Identification Number)
Hope this helps.
Every bank has different requirements. I would recommend reviewing options with the most popular big banks with a reasonable footprint near where your business operates. Look for the features that would benefit your business the most. Then contact them directly.