Open a Bank Account in USA

Updated on Wednesday 01st February 2023

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Foreign residents wishing to open a bank account in the USA must comply with certain formalities imposed by banks. While some allow you to open an online bank account as a non-resident, other banks are stricter and prefer the physical presence of the person interested in these services. Discover in this article what are the steps to follow to open a bank account online in USA, with the mention that our company formation agents in USA can help you with all the necessary formalities and documents.
 Quick Facts  
Who can open a bank account in USA

Both natural persons and companies, local or foreign

Formalities to open a bank account

- natural persons: employment contract or proof of income for foreigners;

- legal persons: company documents, certificate of registration for stockholders

Required documents

- Articles of Association for corporations in the USA;

- valid passport, residence certificate, utility bills for natural persons

Types of bank accounts

- saving accounts,

- checking accounts,

- money market accounts,

- investment accounts,

- retirement accounts

Debit or credit card issued with a bank account

Yes, depending of the financial purposes

Cash deposit to open a bank account 

Some banks solicit small deposits

Fees to open a bank account

For issuance of a debit or credit card

Banking services offered (YES/NO)


Possibility to open a bank account online (YES/NO) Yes
Possibility to pay the utility bills (YES/NO) Yes
Overseas money transfers accepted (YES/NO)


Formalities for student bank account

Proof of courses or letter from College in USA

Loans option available (YES/NO)


Offshore bank accounts (YES/NO)


We provide support to open a bank account  Yes

From what age can you open a bank account in the USA?

If you want to open an online bank account in the USA you must be at least 18 years old and be a resident of this country. The chosen financial institution will ask for information about the social security number, personal ID or valid passport, and even the driver's license. These are the most important documents that the bank can request when you want to open a bank account in US from abroad, in 2022, or by any other method, to which are added the standard forms. One of the local agents in the USA can help you with all the formalities to open a bank account online in USA. Here is also a video presentation that explains more on this topic: 


How to open a bank account online as a non-resident in USA

Foreign citizens can open a bank account online as a non-resident in USA in 2022 with fairly simple formalities, but not all such institutions offer such a service. However, it is quite simple to benefit from a non-resident bank account in USA. The online platform of the chosen bank must offer simple steps through which a bank account can be opened, and among these we list:
  •  Filing personal documents such as ID or passport.
  •  Completing the social security number.
  •  Information about the type of account you want to open.
  •  The reason you want to open a bank account in USA. Some might need a bank account for opening a company in USA.

Some financial institutions may also request information about the source of income if the account will be used more for deposits. In addition, those interested in how to open a bank account in US from abroad cannot travel to this country, therefore, it is much easier to make it online. More about how to open an online bank account as a non-resident in USA can be discussed with our agents. We are here to help you start a business in USA and also open a bank account. You can also read the infographic below:

Is a minimum deposit required to open a bank account in the US?

Normally, banks may require a minimum deposit of USD 25 to activate the account, if the documents are accepted. However, there are banks that do not require a minimum deposit but their requirements must be analyzed before opening a bank account in US from abroad. Moreover, you can choose the services of our local agents who can also provide support for those interested in how to open a US bank account from Canada.

Have you decided to open a company in USA? We advise you to collaborate with one of our local specialists who have experience in establishing companies of any kind. In addition to preparing the necessary documents, such as the Articles of Association, they can also take care of registering the company for the payment of taxes. Therefore, there are a number of services that you will need in this endeavor.

How to choose the right bank for your needs

Although it may seem difficult to choose a bank to work with in the future, either for personal interest or for the company, things are quite easy. What you need to consider in choosing the financial institution are the types of services offered, the simplicity with which deposits and transfers are made, the easy use of the online platform offered. In addition, you should consider the fees charged for various services. A tip in this direction would be to analyze each bank offer and find out if the bank has branches in your area of interest.

Those who want to open a US bank account from Canada can contact our specialists. Certain formalities may be different from the usual ones for US residents, so we invite you to talk to us and find out all the details.

Are you thinking of opening a branch in USA? We mention that you can be helped by one of our local representatives, regardless of the American state where you want to develop your business. In addition, you are not obliged to travel to the USA for formalities, you have the possibility to hire foreign workers, and the entire registration process can take up to 5 weeks.

Why invest in the US

The United States is the strongest economy in the world, closely followed by countries such as China, Japan, and Germany. Considered the "Land of Opportunities", the USA is indeed the country where anyone can develop a business, regardless of the chosen field. An experienced, multilingual, and young workforce is one of the strengths offered by the US to foreign investors. Moreover, the business climate is optimal, and the legal system is a transparent one that offers equal rights to those who want to invest in USA, regardless of the country of origin. And to give you an idea of the US economic direction, we present the following statistics:
  1. The United States was ranked 6th out of 190 global economies in terms of business climate, according to the Doing Business report for 2020.
  2. In terms of total FDI stock, the US recorded over USD 10.8 trillion in 2020.
  3. In 2019, most foreign investments were absorbed by the manufacturing sector.
Investors who want to open a company in Delaware have the opportunity to collaborate with our local specialists. Our local agents can handle the preparation of the necessary documents, the opening of a bank account for future financial activities, as well as the registration for the payment of taxes. A company in this American state comes with a series of benefits, among them, a great tax system and without the obligation for shareholders to live in Delaware. Get in touch with us to find out all the aspects that interest you.

We invite you to contact us if you want to open an online bank account in USA in 2022. Our agents can also help you open a company in USA.