Can I open a US bank account in a different state from the state of incorporation?
Asked by: Celia - 16 February, 2012
I am a Canadian considering incorporation of a C-corp or LLC for an internet-based online sales business in one of the incorporation-friendly states such as Wyoming. As I live near the Canada-US border, I am wondering whether I can open a US bank account for my corporation in Seattle for a Wyoming incorporated business? Or does the bank account have to be in the same state of incorporation? I do not have any physical location in the USA.
Thank you for your help!
I am a Canadian considering incorporation of a C-corp or LLC for an internet-based online sales business in one of the incorporation-friendly states such as Wyoming. As I live near the Canada-US border, I am wondering whether I can open a US bank account for my corporation in Seattle for a Wyoming incorporated business? Or does the bank account have to be in the same state of incorporation? I do not have any physical location in the USA.
Thank you for your help!
Answered by: Robert Kowalski - 16 February, 2012
Dear Celia,
You can open a bank account for your company in any jurisdiction, regardless of where your company is registered.
In the US most banks would require you to supply them with a letter signed by your company attorney or a CPA stating that the company does not do business in the state where you are opening this account. Typically they would supply you with a sample of such letter, or you can look it up online.
Dear Celia,You can open a bank account for your company in any jurisdiction, regardless of where your company is registered.
In the US most banks would require you to supply them with a letter signed by your company attorney or a CPA stating that the company does not do business in the state where you are opening this account. Typically they would supply you with a sample of such letter, or you can look it up online.
