New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.


Opening of business bank account

Asked by: Michael  — 26 September, 2012

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?

Answered by: admin  — 26 September, 2012

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.

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