
U.S. Bank Account Service
Establishing a U.S. bank account for a U.S. entity requires not only the right steps, documents, but also finding the bank that is willing to establish the account without a local office site inspection, or personal US utility bill for the signer.
NCP has worked with several banks since 1997, and we understand their concerns and compliance guidelines to help you navigate your U.S. bank account set up.
Is Travel Required to Establish a U.S. Bank Account for a U.S. Entity?
Let’s cover the most important question, is travel required? Yes, travel is required but even then most banks will not set up the account for you. See our case study below.
Before that, we will share that we have access to a new beta test option which is a fully functioning bank account with the ability to do an ACH pull (which is important for automating sales tax compliance), and other major bank features. Reach out to our team for more details at support@launchwithconfidence.com.
Case Study: One of our clients had a Citibank account set for a US LLC. They were coming to an event in Las Vegas, and we suggested they attempt to use the same bank for their new LLC. Citibank (as most banks may likely do) said they treat each new bank account as a separate set up for a new entity.
Citibank now requires a U.S. personal utility bill of the signers and an office site inspection. They were not able to just add a new bank account, even though they had a previous account that is still open. In the end, they used our service with another major bank, the personal US utility bill was not required, nor the office site inspection.
The great news is that our clients were able to go to our recommendation and service and set up their account for their new LLC the same day.
Email NCP at support@launchwithconfidence.com for our latest fees and services to help you open a U.S. bank account on your U.S. entity. Travel is required (check on our non-travel, beta option).