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08-29-2006, 01:20 PM #1WHT Addict
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non-us resident with US LLC - need bank account
I was hoping to open a US bank account on the phone with COmmerce One but their policy is to not process international applications... well she said specifically 'Canada'
Is there another bank that allows this? I opened my LLC in Delaware and I am in Canada...
I would like a bank account so ppl can make direct deposits for other services like design... etc...
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08-29-2006, 04:06 PM #2Disabled
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There are tons of offshore banks out there. However, most require a nice sized deposit.
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08-29-2006, 05:23 PM #3Web Hosting Master
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I've heard of some people travelling to the US, producing their ID and a completed W8, and opening an account in person.
If it was feasable, you might be able to do the same.
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08-29-2006, 06:37 PM #4WHT Addict
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wouldn't your ID need to prove that you live in the US?
What's a W8 BTW>>> I'll check the forums...
Originally Posted by Adam-AEC
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08-29-2006, 06:40 PM #5Web Hosting Master
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I don't think you need to live in the US to have a US bank account. Same as you don't have to live in Caymen Islands to have a CI bank account. I *do* believe that if you are not a US citizen, they cannot allow you to open a bank over the telephone, and that it has to be done in person.
A W8 is used so you are exempt from US resident taxes, iirc.
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08-29-2006, 09:00 PM #6Web Hosting Master
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If you have EIN, contact to Wells Fargo.
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08-29-2006, 09:11 PM #7Web Hosting Evangelist
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It appears as though you want a bank account for your LLC.
If so, most banks will require your LLC to have an EIN before a business account will be opened. Otherwise, you will find it pretty much impossible even if you were to go to the branch.
If you are looking for a personal account, you may want to get in contact with RBC Centura for a personal checking account. Your account can be opened in Canada. Otherwise you have to personally attend a bank in the united states to open a personal account other wise.
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08-30-2006, 02:32 PM #8WHT Addict
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Yeah I want a bank account for my LLC. .. i have an EIN number..... Is wells Fargo the only one?
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08-30-2006, 10:52 PM #9How Can I Help You Today?
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Yes, walk in to a wells fargo branch in US, provide them your incorporation documents, your valid ID (passport will do), and EIN. That's it. They will open your account in a minute.
Make sure you get their internet banking, the only drawback is you can not send any wires out of a Wells Fargo account. They will need a site visit for you to get their corporate internet banking which allows wires world wide.
You can always withdraw your money by writing yourself a check to your Canadian bank.
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08-31-2006, 08:38 AM #10Randy
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Some (if not most) states require the members of an LLC hold US citizenship. Check with Delaware law (or a lawyer) to make sure your LLC will hold weight in court... you don't want an LLC if there is no liability protection =).
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