Opening a U.S. business bank account can be a major challenge for non-residents without a Social Security Number (SSN). Yet it’s essential for a U.S. LLC—it’s how you receive payments, manage funds, and integrate with Stripe or PayPal. In 2025, more banks and fintechs allow remote account opening for foreign-owned LLCs, making this one of the hottest and most searched topics right now. Let’s walk through exactly how to do it—step by step.
Why You Need a U.S. Business Bank Account
A dedicated U.S. bank account gives your LLC legitimacy and full functionality:
- Clear separation between personal and business finances (protects liability).
- Enables integration with U.S. payment processors (Stripe, PayPal, Amazon).
- Supports U.S. invoicing, payroll, and tax payments.
- Demonstrates credibility to suppliers, clients, and partners.
Can You Open One Without an SSN?
Yes! The key is your EIN—Employer Identification Number. Once your LLC has one, U.S. banks and fintechs often allow account opening without an SSN if supported with correct documentation and a valid EIN. The IRS official guidance clarifies EIN’s necessity and value:
🔗 IRS – EIN for Non-U.S. Entities
Who Accepts Remote Applications in 2025?
Several U.S.-based fintech banks are leading the way for remote onboarding:
- Mercury: A top choice for startups; accepts EIN and foreign documents.
- Wise Business: Offers multi-currency accounts; no SSN required.
- Relay Financial: Designed for remote teams; EIN and LLC documents required.
Most traditional banks still need in-person visits; U.S. fintechs make it simple.
Step-by-Step Guide to Opening the Account
Step 1: Form Your U.S. LLC & Get an EIN
Your LLC must be legally formed in a U.S. state. Once you have your approved Articles of Organization, apply for an EIN from the IRS following official procedures:
🔗 IRS – Apply for EIN without SSN
Step 2: Choose the Right Bank or Fintech
Compare providers based on fees, features, and foreign-owner policies. At Legal Flow, we’ve helped non-residents get accounts at Mercury, Wise, and Relay—with full support.
Step 3: Prepare Your Documents
Most banks require:
- LLC formation documents and EIN letter (CP 575)
- Authorized signer passport or national ID
- Proof of address (foreign address accepted by fintechs)
- Operating Agreement or bank resolution naming signers
Some may request a U.S. address—your registered agent’s address is usually sufficient.
Step 4: Submit the Application
Most fintechs allow fully online application. Expect steps like:
- Uploading PDFs of docs
- Answering a few questions on your business
- Verifying identity via API or video verification
Mercury, for example, supports ID verification from many countries.
Step 5: Set Up ACH, Wires, and Debit/Card Access
Once approved (usually within days), your account will support:
- ACH transfers
- Domestic and international wires
- Free debit card linked to your LLC
Wire requirements and limits may vary—fintechs often offer clear support.
What If You Want a Traditional U.S. Bank Instead?
Some foreign founders prefer traditional banks for in-person support or loan access. In that case:
- Choose a bank with branches in states you can visit.
- Bring: passport, EIN letter, LLC docs, operating agreement.
- Consider a trip to the U.S., or ask someone you trust to open account via power of attorney.
Even then, you need your EIN and a U.S. presence or POA.
Can You Use Fintech Accounts For Stripe & PayPal?
Yes. These fintech accounts are fully compatible with U.S. platforms. Stripe asks for EIN and U.S. bank routing/account numbers—fully supported. PayPal Business USA also accepts fintech-operated EIN-backed accounts.
Compliance & Reporting You Must Know
Once your account is open, always:
- File IRS Form 5472 + pro forma 1120 if foreign-owned single-member LLC
🔗 IRS – Form 5472 Requirements - File Form 1040-NR if you earn U.S.-sourced income
- File annual state reports and fees in your LLC’s home state.
Final Tips to Ensure Smooth Opening
- Use your registered agent’s address for any U.S. address requirements
- Ensure all documents are clear, up-to-date, and match each other
- Respond quickly to any follow-up questions from banks
- Stay compliant—Late annual filings can jeopardize your account status
How Legal Flow Makes It Easy
At Legal Flow, we streamline this remote process for non-U.S. residents:
- Full LLC formation + EIN application
- Guidance through fintech account selection
- Document review and prep
- Ongoing compliance tracking and support
Visit Legal Flow to open your U.S. business bank account remotely and confidently.