Guide to Opening a Bank Account in America

After establishing a company in America, one of the most important steps is to open a corporate bank account. The US banking system is highly developed and secure, but the account opening process can present some challenges for foreign companies. First, you must have an EIN number. Then you need to prepare your company documents (Articles of Organization, Operating Agreement). Most banks will require you to visit a branch in person, but some digital banks allow remote account opening. Fintech companies like Mercury, Relay, and Brex offer easier processes for foreign entrepreneurs. Traditional banks (Chase, Bank of America, Wells Fargo) may request more documents and sometimes require you to show physical presence in the US. When opening an account, you should carefully compare minimum balance requirements, monthly fees, and international transfer costs.