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US Banking for International Founders

By BookMyLLC ExpertJanuary 30, 20267 min read
US Banking for International Founders

Formation Methods: Cost vs. Time Comparison

Comparing the true cost of business formation methods

Estimated Total Cost

DIY Filing~$100 - $300 (Varies by State)
Local Attorney~$1,500+
BookMyLLCFrom $249

Time Investment

15+ hrs
DIY
10 hrs
Attorney
15 mins
BookMyLLC

Why choose the middle path?

1

DIY Risks Costly Mistakes

Doing it yourself seems cheap, but missing a single compliance step can cost thousands in state fines later.

2

Attorneys are Expensive

Lawyers charge $200-$400 per hour for paperwork that can be automated accurately and safely.

3

The Smart Advantage

BookMyLLC provides attorney-level accuracy in a fraction of the time, for a fraction of the cost.

US Business Banking for International Founders

Opening a US business bank account as a non-resident is possible with the right approach. This guide covers the best banks and requirements.

Top Banks for International Founders

Mercury – Tech-friendly, no minimum balance, remote onboarding. Relay – Great for LLCs with multiple accounts. Wise – Borderless multi-currency accounts. Brex – For funded startups. Novo – No-fee business banking.

Requirements

EIN or ITIN, LLC formation documents, valid foreign passport, proof of address, and in some cases, a US physical address.

The Formation Process

1

Name Your Business

Perform a quick search to ensure your desired LLC name is available in your state.

2
3

We File the Paperwork

Our experts draft and file the Articles of Organization with the Secretary of State.

4
Average processing time: 2-3 business days

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