Opening a US business bank account is crucial for running a successful LLC. But if you’re a non-resident without a Social Security Number (SSN), the process can seem daunting. Fortunately, there are workarounds that allow foreign entrepreneurs to set up a business bank account in the U.S. legally and effectively.
Why You Need a US Business Bank Account
A dedicated business account allows you to:
- Accept payments from US customers
- Pay for business expenses
- Maintain legal and financial separation between personal and business finances
- Build business credit
Can You Open a US Bank Account Without an SSN?
Yes, but not all banks offer this option. Some traditional banks require an SSN, but many fintech and online banking platforms are more flexible and welcome non-residents.
What You’ll Need
To open a US business bank account without an SSN, you typically need:
- Your LLC formation documents (Articles of Organization)
- An EIN from the IRS (can be obtained without an SSN)
- A US mailing address (can use a virtual mailbox)
- Passport or government-issued ID
- Operating Agreement for your LLC
Step-by-Step Guide
1. Form Your LLC
Choose a business-friendly state like Wyoming, Delaware, or New Mexico. Complete your LLC formation before attempting to open a bank account.
2. Get an EIN from the IRS
You can apply for an EIN without an SSN using IRS Form SS-4. Check our full guide: How to Get an EIN Without an SSN.
3. Choose a Suitable Bank
Some banks and fintech companies that support non-residents:
- Mercury (great for tech startups)
- Relay Financial (supports multiple users and integrates with accounting tools)
- Payoneer (offers a US receiving account)
💡 Tip: Many online banks don’t require you to visit the U.S. in person.
4. Prepare Your Documents
Ensure all your documents are accurate and match your LLC’s registered name and address.
5. Apply Online or In-Person
Submit your application through the bank’s website or schedule an in-person appointment if required.
Common Challenges & Tips
- Address Verification: Use a reputable virtual mailbox service.
- Name Mismatch: Ensure your LLC and EIN details match exactly.
- In-Person Requirements: Avoid banks that require in-person visits if you’re not in the U.S.
Conclusion
While opening a US business bank account without an SSN can be challenging, it’s entirely possible with the right approach. Focus on online-friendly banks, prepare your documents carefully, and use a virtual address service if needed.
Need help choosing the right bank? Check our comparison of Best Online Business Bank Accounts for Non-Residents in 2025.