US Bank Account Services with NCP

U.S. Bank Account Service

Establishing a U.S. bank account for a U.S. entity requires the right steps and documents and finding the bank that is willing to create the account without a local office site inspection or personal U.S. 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. Yes, a lot has changed during COVID, but the good news is we have an option without travel.

[New] U.S. Banking (Non-Travel Option)

Non-travel option. Fee: $197.00 for NCP Clients*. We work with a tech company with a banking platform linked to a real Midwestern U.S. bank. It is a fully functioning bank. It is not Payoneer or other online banking options.

Our banking package includes up to 20 different accounts per entity. Plus, you can set up bank accounts for multiple entities after we set up your first account for you. The managed structure must be the same. 

*Our banking service at $197 is ONLY available to U.S. entities formed by NCP. 

Non-travel option. Fee: $397.00 for Non-NCP Clients*. If you formed your LLC with another company, our fee includes our time to review your articles, address used, and provide our banking service. Our banking package includes up to 20 different accounts per entity.

Our 100% money-back guarantee is simple.

If you submit all the correct forms below and submit them, and your bank account is not opened, we will refund your money within 48 hours that our bank has confirmed they cannot open your account. At this point, we would let the bank know to close out your account as you cannot complete the setup process.

If you don’t have the correct documents, we have separate services and a fee to obtain them for you.

By the way, this is not Payoneer. They provide an excellent service, and we would recommend for foreign sellers that they have BOTH a Payoneer account and a U.S. bank account. The Payoneer account will save you money on foreign currency transfers. A U.S. bank account has the ability for an ACH pull, which is essential in remitting sales tax automatically, and a debit card.

Here are the details…

We have been introduced to a new tech company with a banking platform that has found a Midwestern U.S. bank looking for more clients, both in and outside the U.S., and is not requiring that you go to the bank in person.

The bank location is key for e-commerce sellers who are not sure if they are in compliance with past sales tax. California, for example, is freezing bank accounts for sellers with past sales tax due. Learn more here.

Requirements to open our NEW U.S. Bank Account without Travel:

  • U.S. Entity and EIN (any of the 50 states). If you do not have either set up (correctly), we provide those services on our website on this page.
  • The owner must be a foreign individual (not a foreign company).
  • U.S. Entity Operating Agreement for an LLC or Bylaws for a Corporation.
  • IRS Letter with your EIN. If you do not have it, we will provide you the steps to call the IRS to have them fax it to you. The challenge now is with COVID-19; you cannot call, so you would need to fax, but this may take 2-3 weeks to receive the letter you need.
  • U.S. business address is a real address: a CMRA address (Commercial Mail Receiving Agency), think UPS store, or P.O. box. If you do not have an address, we provide one for $397 for a year. We only offer the year in full address with the bank account (not our month-to-month option for $37.00 per month for 12 months). Learn more here.
  • U.S. phone number. A skype number will work. Go to this link to set up.
  • Personal information on all owners that are more than 25% of the U.S. company.
  • A Government-issued passport in COLOR
  • A business website, any URL related to your business, such as a Facebook page or Instagram page, will be accepted.
  • Your U.S. entity must be formed by NCP.

Important Note: Is anyone else a “co-signer” on your account in the U.S.? No. We are aware of other options where someone will become a signer on your account, and that is how they open the account. We are not on your account and have no access after it is set up. All the confirmation details will go to your e-mail.

Time Frame to Open U.S. Account:

  • After payment and completing our web form with all your details for the U.S. bank account, we will create your account within 72 hours. You will receive a welcome email with the steps to fund your account. You may add signers later.
  • The debit card will be mailed separately to your business address. You will receive that within 15 business days after your account is opened.
  • Postage to mail your debit card with tracking is separate.

How to Fund the Account once Opened:

We recommend you fund your account with $100 to start and test out your account. To fund your account (outside the U.S.), you will send money from your foreign source account (via Wire, TransferWise, etc.) to fund your account. International cards can be linked. There is an additional $1 charge beyond the base fee per transaction.

Non-Disclosure to be Signed. Why?

Our non-disclosure agreement says you will NOT disclose the bank URL to other sellers. If you have someone interested, please send them to us first. We are working with clients first, and, as the process is verified for everyone, we will open the option to more sellers.

We have lost banking options in the past because sellers would share the resource and create issues with the bank. These issues caused the bank to shut down our banking options.

Process After Payment:

  • We will send you an email 24-48 hours with a Non-disclosure to sign as the first step.
  • We will send you an email with an online web form to be completed with the details required to open an account.
  • We will complete the online process through our link, and you will receive an email.
  • Once the bank account is set up, the debit card and bank details will also be emailed.
  • The debit card will be mailed to your U.S. address provided on our application. If you use NCP’s virtual address, postage to mail your debit card with tracking is separate.
  • Once your account is opened, you will have access to the bank’s customer online support, which is very responsive.

After you get started, you will receive a welcome e-mail with a link to fill out your details for your new bank account, and our team will set up the account on your behalf.

Go to one of the links below to get started.

$197 U.S. Bank Account -One-Time Fee for Multiple Entities/Accounts

$397 U.S. Bank Account –One-Time Fee for Multiple Entities/Accounts (Non-NCP Client)