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Open a Bank Account in USA
$2,000.00
US LLCs and Corporations are some of the most used vehicles for international businesses. However, foreign-owned US companies and nonresident individuals have traditionally faced challenges when opening bank accounts in US banks without visiting the US.
At Flag Theory, we work with two banks that consistently onboard foreign-owned LLCs and Corporations, as well as non-resident individuals. The accounts come with typical transactional banking facilities such as debit and credit cards, online and mobile banking, among others. The minimum deposit and ongoing balance requirements are some of the lowest within the US. Interest-bearing and money-market accounts are also available. All in all, US banking is an ideal option for foreign entrepreneurs and investors that operate with US companies and non-US individuals that wish to do transact and save in USD.
We can help you open business and personal accounts in the United States. Business Accounts are available for US Corporations and LLCs, regardless of the state of incorporation, and Nonresident Companies, including Offshore Companies. We invite you to carefully review their requirements and services to better understand if their banking services meet your needs.
- US Bank Option 1 (Florida) (US Business Account)
- US Bank Option 2 (California) (US Business Account)
- US Bank Option 3 (California) (US Business Account)
- US Bank Option 4 (New York) (US Business Account)
- US Bank Option 5 (New York) (US Business Account)
- US Bank Option 6 (California) (US Business Account)
- US Bank Option 7 (California) (US Business Account, Personal Account)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
US Bank Option 1 (Florida)
Account Details
| Eligibility | US LLCs and Corporations (Foreign-owned US entities are eligible) |
| Account type and Currency | Corporate Checking & Savings Accounts (USD) |
| Minimum Initial Deposit | USD 25,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 25,000.00 |
| Online Banking | Internet Banking (Web) |
| Cards (Currency) | Visa Debit Card (USD) |
| Other Services | FDIC insured Treasury Accounts Available Money Flow Analytics |
Remote opening: no personal visit to the US is required.
- Business Account
-
Account Details
Eligibility US LLCs and Corporations (Foreign-owned US entities are eligible) Account type and Currency Corporate Checking & Savings Accounts (USD) Minimum Initial Deposit USD 25,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 25,000.00 Online Banking Internet Banking (Web) Cards (Currency) Visa Debit Card (USD) Other Services FDIC insured
Treasury Accounts Available
Money Flow AnalyticsRemote opening: no personal visit to the US is required.
US Bank Option 2 (California)
Account Details
| Eligibility | US LLCs and Corporations (Foreign-owned US entities are eligible) |
| Account type and Currency | Business Checking & Savings Accounts (USD) |
| Minimum Initial Deposit | USD 10,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 10,000.00 |
| Online Banking | Internet Banking (Web) Mobile Banking |
| Cards (Currency) | Visa Debit Card (USD) |
| Other Services | FDIC insured Deposit Accounts Money Market Accounts Certificates of Deposit Linkable to U.S. payment processors |
Remote opening: no personal visit to the US is required.
- Business Account
-
Account Details
Eligibility US LLCs and Corporations (Foreign-owned US entities are eligible) Account type and Currency Business Checking & Savings Accounts (USD) Minimum Initial Deposit USD 10,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 10,000.00 Online Banking Internet Banking (Web)
Mobile BankingCards (Currency) Visa Debit Card (USD) Other Services FDIC insured
Deposit Accounts
Money Market Accounts
Certificates of Deposit
Linkable to U.S. payment processorsRemote opening: no personal visit to the US is required.
US Bank Option 3 (California)
Account Details
| Eligibility | US LLCs and Corporations (Foreign-owned US entities are eligible) |
| Account type and Currency | Corporate Checking & Savings Accounts (USD) |
| Minimum Initial Deposit | USD 100,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 100,000.00 |
| Online Banking | Internet Banking (Web) Mobile Banking |
| Cards (Currency) | Visa Debit Card (USD) Visa Credit Card (USD) |
| Other Services | FDIC insured Deposit Accounts Money Market Deposit Accounts Certificates of Deposit Personal accounts exclusively available to owners and key executives of the business Linkable to U.S. payment processors |
Remote opening: no personal visit to the US is required.
- Business Account
-
Account Details
Eligibility US LLCs and Corporations (Foreign-owned US entities are eligible) Account type and Currency Corporate Checking & Savings Accounts (USD) Minimum Initial Deposit USD 100,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 100,000.00 Online Banking Internet Banking (Web)
Mobile BankingCards (Currency) Visa Debit Card (USD)
Visa Credit Card (USD)Other Services FDIC insured
Deposit Accounts
Money Market Deposit Accounts
Certificates of Deposit
Personal accounts exclusively available to owners and key executives of the business
Linkable to U.S. payment processorsRemote opening: no personal visit to the US is required.
US Bank Option 4 (New York)
Account Details
| Eligibility | US LLCs and Corporations (Foreign-owned US entities are eligible), Foreign Companies |
| Account type and Currency | Corporate Current Account (USD) |
| Minimum Initial Deposit | USD 250,000.00 – USD 1,000,000 (depending on activity) |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | N/A |
| Online Banking | Internet Banking (Web) Mobile Banking |
| Cards (Currency) | Credit Card (USD) |
| Other Services | FDIC insured Cash Management Services Escrow Services Linkable to U.S. payment processors Investment advisory Brokerage Services |
Remote opening: no personal visit to the US is required.
- Business Account
-
Account Details
Eligibility US LLCs and Corporations (Foreign-owned US entities are eligible), Foreign Companies Account type and Currency Corporate Current Account (USD) Minimum Initial Deposit USD 250,000.00 – USD 1,000,000 (depending on activity) Minimum Monthly Average Balance (To Avoid Fall-Below Fee) N/A Online Banking Internet Banking (Web)
Mobile BankingCards (Currency) Credit Card (USD) Other Services FDIC insured
Cash Management Services
Escrow Services
Linkable to U.S. payment processors
Investment advisory
Brokerage ServicesRemote opening: no personal visit to the US is required.
US Bank Option 5 (New York)
Account Details
| Eligibility | US LLCs and Corporations (Foreign-owned US entities are eligible) |
| Account type and Currency | Corporate Current Account (USD) |
| Minimum Initial Deposit | USD 500,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 500,000.00 |
| Online Banking | Internet Banking (Web) |
| Other Services | FDIC insured Dedicated Banker and Account Manager Certificates of Deposit Linkable to U.S. payment processors Foreign Exchange Business Money Market Accounts |
Remote opening: no personal visit to the US is required.
- Business Account
-
Account Details
Eligibility US LLCs and Corporations (Foreign-owned US entities are eligible) Account type and Currency Corporate Current Account (USD) Minimum Initial Deposit USD 500,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 500,000.00 Online Banking Internet Banking (Web) Other Services FDIC insured
Dedicated Banker and Account Manager
Certificates of Deposit
Linkable to U.S. payment processors
Foreign Exchange
Business Money Market AccountsRemote opening: no personal visit to the US is required.
US Bank Option 6 (California)
Account Details
| Eligibility | US & Foreign Crypto Companies (Including Offshore Companies) |
| Account type and Currency | Corporate Current Account (USD) |
| Minimum Initial Deposit | USD 100,000.00 – USD 5 Mio (Depending on Activity) |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 100,000.00 – USD 5 Mio (Depending on Activity) |
| Online Banking | Internet Banking (Web) |
| Cards (Currency) | Visa Debit Cards (USD) |
| Other Services | FDIC insured Loans Cash Management |
Remote opening: no personal visit to the US is required.
- Business Account
-
Account Details
Eligibility US & Foreign Crypto Companies (Including Offshore Companies) Account type and Currency Corporate Current Account (USD) Minimum Initial Deposit USD 100,000.00 – USD 5 Mio (Depending on Activity) Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 100,000.00 – USD 5 Mio (Depending on Activity) Online Banking Internet Banking (Web) Cards (Currency) Visa Debit Cards (USD) Other Services FDIC insured
Loans
Cash ManagementRemote opening: no personal visit to the US is required.
US Bank Option 7 (California)
Account Details
| Eligibility | US LLCs and Corporations (Foreign-owned companies are eligible), Companies in Hong Kong, China and Taiwan |
| Account type and Currency | Corporate Checking Account (USD) |
| Minimum Initial Deposit | USD 10,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 10,000.00 |
| Online Banking | Internet Banking (Web) |
| Cards (Currency) | Visa Debit Cards (USD) |
| Other Services | FDIC insured Term Deposits Merchant Services |
Remote opening: no personal visit to the US is required.
Account Details
| Eligibility | Individuals residing in the US, Hong Kong, China and Taiwan |
| Account type and Currency | Personal Checking Account (USD) |
| Minimum Initial Deposit | USD 10,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | USD 10,000.00 |
| Online Banking | Internet Banking (Web) |
| Cards (Currency) | Visa Debit Cards (USD) |
| Other Services | FDIC insured Term Deposits Merchant Services |
Remote opening: no personal visit to the US is required.
- Business Account
-
Account Details
Eligibility US LLCs and Corporations (Foreign-owned companies are eligible), Companies in Hong Kong, China and Taiwan Account type and Currency Corporate Checking Account (USD) Minimum Initial Deposit USD 10,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 10,000.00 Online Banking Internet Banking (Web) Cards (Currency) Visa Debit Cards (USD) Other Services FDIC insured
Term Deposits
Merchant ServicesRemote opening: no personal visit to the US is required.
- Personal Account
-
Account Details
Eligibility Individuals residing in the US, Hong Kong, China and Taiwan Account type and Currency Personal Checking Account (USD) Minimum Initial Deposit USD 10,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) USD 10,000.00 Online Banking Internet Banking (Web) Cards (Currency) Visa Debit Cards (USD) Other Services FDIC insured
Term Deposits
Merchant ServicesRemote opening: no personal visit to the US is required.
Our banking support services include introductions to payment processors and merchant accounts to better support our e-commerce clients. Whether you just need standard credit card processing or specialized services for high-risk processing, we are happy to help you with introductions that can empower your business.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.