If you applied for an account from mercury bank and got a rejection email, this article will outline the next steps necessary to obtain your US business bank account. We will answer all your common questions and ensure you leave with a suitable solution.
What Are Neobanks?
Neobanks are a new type of online-only fintech companies that operate similarly to banks. Neobanks offer most, if not all, of the services that traditional banks do, such as the ability to open and manage a checking or savings account, make payments, and transfer money.
What is an Employer Identification Number (EIN)?
An EIN also known as a Federal Tax Identification Number, is a unique nine-digit number assigned to businesses and organizations for tax purposes.
An EIN is required for businesses with employees, as well as for certain business activities such as opening a bank account or applying for business loans. It is also necessary for filing tax returns and conducting other tax-related tasks.
Many organizations such as banks require proof of address to verify their customers residence. One of the first documents usually requested is a utility bill. However, for many, their living circumstances exempt them from having a utility bill in their name.
Any foreigner can obtain a US credit card once they take into consideration the specific requirements of each bank. Armed with a little knowledge, this process can be seamless and your chances of approval increase significantly.
If you are looking for a free US virtual address for your business, you have come to the right place.
Are you looking to create an official non-PO Box business address that is separate from your home address. Need access to your mail regardless of what state or country you may have travelled to? Need an address to start an LLC, open a bank account, or to put as contact information on a public webpage or in email? A virtual business address is exactly what you are looking for.
Whether you are a tourist, an international student, an undocumented immigrant, an internet entrepreneur, visiting the US for business or trying to operate a US based business from overseas, it is possible and easy to open a US bank account without being a resident, a citizen, owning a social security number (SSN) or Individual Taxpayer Identification Number (ITIN).