Starting a new business is hard — but finding the right bank shouldn’t be. If you’re launching a startup in the US in 2025, especially as a foreign founder or new LLC owner, choosing a bank that understands your needs is crucial. Many traditional banks require a Social Security Number (SSN), charge high fees, and offer outdated services.
In this guide, we’ve handpicked 5 of the best startup-friendly banks that offer modern, no-hassle banking — even for international founders with ITIN only. Let’s dive in.
✅ What Makes a Great Startup Bank?
When choosing a business bank, consider the following:
- No or Low Monthly Fees
- Easy Online Application
- ITIN Support (No SSN Required)
- Fast Approvals & Digital Banking
- Integrations with Accounting Tools
- Modern UI and Strong Customer Support
🔝 Top 5 Startup-Friendly Banks (2025)
1. Mercury
- Best For: Tech startups, SaaS, and international founders
- Supports ITIN: ✅ Yes
- Fees: No monthly fees, no minimum balance
- Notable Features: Virtual cards, API access, FDIC insured
- International Friendly? Yes — can open from abroad with LLC + ITIN
💡 Mercury is one of the most recommended banks for startups in the US. Their fully online process is ideal for non-residents with an LLC.
2. Relay
- Best For: Small teams, multiple users, accounting integrations
- Supports ITIN: ✅ Yes
- Fees: Free tier available
- Notable Features: Sub-accounts, team permissions, bill pay tools
- International Friendly? Yes, but US address may be required
Relay is built with growing businesses in mind — ideal if you want to manage team expenses with transparency.
3. Bluevine
- Best For: Startups needing credit lines
- Supports ITIN: ✅ Yes (with more verification)
- Fees: Free checking, interest-earning account
- Notable Features: Line of credit up to $250k, invoice factoring
- International Friendly? Limited — US presence often needed
A strong choice if you’re scaling and may need funding later.
4. Lili
- Best For: Solo founders and freelancers
- Supports ITIN: ✅ Yes (some restrictions may apply)
- Fees: Free basic plan; paid plans available
- Notable Features: Tax tools, auto-savings, mobile-first
- International Friendly? Mostly for US-based users
If you’re a solopreneur or freelancer running an LLC, Lili is lightweight and fast to set up.
5. Brex
- Best For: Funded startups and fast-growing tech teams
- Supports ITIN: ✅ Yes (must meet criteria)
- Fees: No account fees
- Notable Features: Corporate cards, rewards, spend tracking
- International Friendly? For incorporated US entities only
Brex is a premium choice for fast-scaling startups with investors or revenue.
📝 How to Open a US Business Bank Account (2025 Steps)
- Form Your LLC (Preferably in Wyoming or Delaware)
- Get an EIN from the IRS
- Apply for an ITIN (if no SSN)
- Choose a Bank from the list above
- Submit Documents: LLC certificate, EIN, Passport/ITIN
- Verify Your Identity — usually via video or utility bill
- Account Opened! Use instantly if virtual cards available
💬 FAQ – Common Questions
Can I open a business bank account without SSN?
Yes — many fintech banks like Mercury, Relay, and Bluevine support ITINs.
Which bank is best for non-US residents with LLC?
Mercury is the top choice due to ease of access and no-fee structure.
How long does it take to open an account?
Some banks (Mercury, Relay) approve within 24–72 hours online.
Do these banks work with Stripe, PayPal, Shopify?
Yes — most support integrations with major payment platforms.
📌 Final Thoughts
You don’t need to settle for outdated, high-fee banks. With tools like Mercury, Relay, and Bluevine, startups in 2025 can get a fast, simple, and international-friendly banking experience. Whether you’re a solo founder, a small team, or just starting your LLC from abroad, these banks can get you up and running without the hassle.
💼 Ready to open your business account? Start with Mercury — the #1 startup bank trusted by thousands of founders.