For the complete documentation index, see llms.txt
For the complete documentation index, see llms.txt
Can I open a U.S. business bank account without a U.S. address or SSN?
Yes. You can open a U.S. business bank account as a non-U.S. founder with doola’s support, and you do **not** need to be physically present in the U.S. to do it. Bank requirements can still vary by provider.
To get started, you generally need to complete the process in this order:
1. **Form a U.S. company first**
Non-U.S. founders typically need a U.S. company before opening a U.S. business bank account. doola can help incorporate your business in states like Delaware or Wyoming and provide your formation documents and a Registered Agent (RA) address for banking and legal purposes.
2. **Get an EIN from the IRS**
After formation, obtain an **EIN (Employer Identification Number)**. This is your business tax ID and is usually required for the bank application.
3. **Choose a bank that works for non-U.S. founders**
doola primarily recommends **Mercury**. If Mercury is not a fit for your country or business, **Slash** is the next option, followed by **Relay**. Mercury is described here as a startup-focused digital banking platform offering **FDIC-insured** accounts, and it supports founders **without SSNs or ITINs**.
4. **Use your RA address where the bank allows it**
For banking and legal purposes, an RA address may be used when supported by the bank. Requirements can vary by bank.
5. **Prepare your verification documents**
Banks may ask for:
- **Certificate of Formation**
- **EIN confirmation**
- **Operating Agreement**
- Founder ID such as a **passport**
- Optional proof of business activity, such as a **website, invoices, or payment receipts**
6. **Complete the application carefully**
Enter your company and founder details **exactly as they appear on your legal documents**. Upload all required files and answer eligibility questions honestly.
7. **Complete any extra verification**
After submission, the bank may request additional checks such as a **selfie** or **proof of address**.
8. **Wait for review and approval**
Approval can take about **1–7 business days**.
9. **Access and fund your account**
Once approved, you typically get your account details and **immediate online access**. You can fund the account through:
- **Wire transfer**
- **ACH**
- Payment processors such as **Stripe** or **PayPal**
10. **Understand card delivery limits**
Physical debit cards are usually shipped **only to U.S. addresses**.
11. **Stay compliant after opening the account**
Ongoing compliance includes maintaining your **RA address**, filing **annual reports**, and keeping accurate records for **IRS reporting**.
doola can guide you through the full process, including forming your company, getting an EIN, preparing the required documentation, and helping you fill out the bank application correctly.
If you’re comparing banking to payment processors, note that **PayPal usually requires an SSN or ITIN**, even if a bank like Mercury may support founders without one.