New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
Hello, I have an enxisting LLC, I do have a ITIN & EIN. I’m a German national & not US based and I wish to open a business/corporate bank account without actually flying to the US, however banks told me I have too. Is that correct?
Dear Michael,
Instead of giving you a lengthy answer allow me to refer you to the article I wrote, dealing with U.S. bank account for non-U.S. business owners.
I hope that gives you some ideas on how to deal with this issue.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
