U.S. Bank Account Opening
Remote Bank Account Opening For Nonresidents
We understand that it is difficult for a nonresident to open a bank account in the U.S. without paying a visit. Also, getting a visa for nonresident business owners is time consuming. That is why, it is always good to have a professional hand in the US who can take care of all your business operations in the US including opening a bank account.
Our process at Veteran Visual is simple, we add ourselves as a member in our organization and help you open a bank account in the US. Being a 0% ownership partner of the company, Veteran Visual allows you to have the complete ownership of your US Bank Account as well as merchant accounts to make sure that your business is ever expanding and you do not face any hurdles operating from the US.
Compare U.S. Bank Account Opening Packages
Use the comparison chart below to determine which account opening package is right for you.
|Service type||Corporate Account||Trust Account|
|Financial institution type||Major U.S. bank||Credit union|
|Business checking account||✔||✔|
|Platinum status *||✔||X|
|Opening time||8 business days||5 business day|
|Minimum initial deposit||$100||$100|
|Domestic ACH & wires||✔||✔|
|Can be used for Amazon or Shopify||✔||✔|
|Can be used for Stripe or PayPal||✔||X|
|Account under your company name||✔||X|
|U.S. company required?||Yes||No|
|Maintenance fee **||$150 per month||$150 per month|
- All incoming wires are free of charge (instead of $15 fee)
- $0 account fees
- Four outgoing wires are free of charge (instead of $25 fee for U.S. and $40 fee for international wire)
** Maintenance fee covers:
- Platinum status (for Corporate Account only)
- Ensuring account compliance, to preserve long term account sustainability
- Resolving online banking support issues
- Visiting bank offices to sign additional documentation where required
- Forwarding bank mail
- Attending to issues raised by bank on the account
- Insurance premium for being an account signatory
3 months of maintenance are paid initially in advance
Find out below the type of
bank account you need for your company
A trust account is such a business account which is owned by Veteran Visual as well as our client. You can use this account for e-commerce platforms, American & international wire transfers and making transactions in U.S only stores. However, Trust Account is not supported in collaborating with merchants like Stripe, Paypal or other merchant services.
A Corporate Account is created in one of the major US Banks with complete functionality for our clients under their American Company Name. A Corporate Account can be used for taking payments from your customers in America as well as international clients, setting up merchant accounts like Paypal, Stripe and 2Checkout, sending payments in your home country without any hurdles as well as doing everything any business entity in the US can do.
Frequently Asked Questions
No. We will be doing everything remotely hence there is no need of a physical presence.
- Submission of required documents by the bank in the US for initial review.
- Commencement of bank account, activation of online banking to make the account operational for you.
- Once business debit card is handed over to us by the bank, it is activated by our company and then sent to you at your home country.
All the payments are upfront through Paypal, Debit or Credit Card as per your convenience.
Our every customer is a happy customer, our reviews and testimonials on different platforms including Trust Pilot as well as on our website is a proof of customer satisfaction.
The prices listed here are just for the opening of bank account. If you wish to get the idea about costs of setting up a company in the US, you can get back to us via email at info@veteranVisual.com
The list of banks vary in different time of the year. For current list of banks, please drop us an email with your query at firstname.lastname@example.org
Unfortunately, the current laws and regulations of the US banking sector does not allow a non-resident of the US to set up a business account in the country. Hence, it is necessary to provide a physical entity in the US who would be visiting the bank to set up your personal or business bank account. That is why you will be required to add us in your list of Members or directors with 0% profit interest to be present there while opening the bank account.
Our payment methods include wire transfer, Paypal, Debit or Credit Card.
The account opening with Veteran Visual is a guaranteed process. However, if you have already applied in any of the US banks previously and faced rejection, the time duration will be extended to prepare a proper resolution between your business and the bank.
Banks in the US are more prone to provide their services to US nationals and US residents. Hence, having a physical presence in the bank to set up the business account makes it easier for us to help you in this regard.