Opening a business bank account is possible without needing to travel to America. As long as your business is registered, such as an INC or LLC, and you have an Employer Identification Number (EIN), you can proceed with the application.
You will receive a debit card. As a European, you won't have a Credit Score / FICO® Score, so obtaining a credit card immediately is usually not an option. However, you can use your (MasterCard) Debit Card as a credit card. This simply means that as long as there is enough money in your account, you can make purchases and payments, with a daily limit, of course.
Only after building a solid track record with a bank, often over more than 2 years, can you apply for a business credit card. A debit card allows you to do many things like paying in stores, restaurants, or getting gas. However, it cannot be used to book a rental car or reserve a hotel room, as deposits are always required on a credit card. For all other direct payment needs, you can use a debit card just like a credit card.
As a business owner looking to open a dollar account in America, alongside various custom solutions for a foreign currency account, there are also several ready-made options available for your bank account. Read below to discover the solutions we recommend for you!
Van Holland Group INC assists you in completing all necessary forms and sends them to the bank. Typically, you can start using your new account within two to three weeks. If you don't have an EIN number yet, we can also help you apply for this Employer Identification Number.
The EIN is an Employer Identification Number, also known as the Federal Employer Identification Number or Federal Tax Identification Number. This unique number can be requested if you have a business in America, such as an INC or LLC. Please note that we cannot guarantee the opening of an account. Banks have extensive rules for compliance, KYC (Know Your Customer), UBOs (Ultimate Beneficial Owners), and CDD (Customer Due Diligence).
If you run a standard business and conduct normal operations, we are happy to assist you. We assume you are a resident with a European nationality, possessing a passport from your home country. Depending on the state where you established your LLC or INC, and considering your listed officers, we open the account at a reputable American bank.
In Florida, you'll find all the well-known banks such as Bank of America, Chase, Fifth Third Bank (53Bank), and Wells Fargo. Local banks with fewer branches or offices are also often active. We have strong connections with all major commercial banks that operate in multiple states. Instead of opening a foreign currency account with Rabobank, ING, or ABN AMRO, you can open a true dollar account with an American bank.
Soms zijn mensen op vakantie bij een lokale bank, een community bank, even “geld wezen pinnen”. Dan komt dus Sometimes, while on vacation, people visit a local or community bank to withdraw money, which naturally raises the question: "I want an account at ABC Bank or XYZ Bank." We collaborate with a select group of commercial banks, so you cannot specify a preference. Instead, we match you with the best bank for your business based on your company profile.
For European companies conducting business in and with the U.S., opening a dollar account is an important step. It allows you to more easily participate in economic transactions and introduces you to things like checks. Instead of cash or electronic transfers, larger amounts are often paid using a "cashier’s check." A cashier's check is a type of official check issued and signed by banks.
We assist virtually all types of businesses, excluding individuals or sole proprietors.
Commercial banks increasingly require a minimum balance, often around $1,000. If you deposit a few thousand dollars initially, you'll notice that the monthly fees decrease. Banking costs in America are slightly higher compared to European costs for a checking account. Maintaining an account typically costs about $60 per month.
Opening a U.S. dollar account with the help of Van Holland Group INC can be done easily online.
We assist with opening a dollar account at an American commercial bank.
While it's not exactly the same, an INC is somewhat similar to a BV or GMBH.
We are more than happy to provide a customized quote for your business.
The Van Holland Group supports you with strategic planning, clear goals, and milestones for entering the U.S. market. Discover our straightforward approach. All prices are transparent and listed online. As an entrepreneur, you want to know exactly what to expect from the start
