Banking and payments
How to open and keep a US business bank account, which documents banks ask for, and how payment processors work for a US LLC.
11 guides in this topic
- How to open a US business bank account for your LLC4 minute readThe documents banks ask for when you open an LLC account, how to compare banks and online accounts, and what deposit insurance covers.
- How to open a US business bank account as a non-resident4 minute readOpening a bank account for your US LLC from abroad: what banks check, the documents that help, and what to do if you are refused.
- Documents banks ask for when you open an LLC account2 minute readA checklist of the documents banks ask for to open an LLC account, by type of owner: single-member, multi-member, foreign-owned, and LLCs taxed as corporations.
- Business account vs personal account: why mixing them costs you2 minute readWhy an LLC needs its own bank account: liability protection, bookkeeping, tax records and IRS scrutiny, and how to untangle mixed accounts.
- Do you need an SSN or ITIN to open a US business bank account2 minute readWhether you need an SSN or ITIN to open a US business bank account: the federal ID rules for non-US persons, what the LLC uses instead, and why banks differ.
- How to set up Stripe for a US LLC3 minute readSetting up Stripe for a US LLC: what to have ready, the tax ID Stripe asks for from US and non-US representatives, payouts, and the tax forms that follow.
- How to set up PayPal Business for a US LLC3 minute readHow to set up a PayPal Business account for a US LLC: what you need, verifying owners, linking the bank, holds, Form 1099-K and non-resident owners.
- Online business banks vs traditional banks for a new LLC3 minute readOnline business banks vs traditional banks for a new LLC: opening remotely, fees, FDIC insurance and fintech partner banks, cash, wires and lending.
- Business credit cards for a new LLC: what you need to qualify2 minute readHow a new LLC qualifies for a business credit card: personal credit and guarantees, EIN and revenue, corporate cards, and options for non-residents.
- Receiving international payments into a US LLC3 minute readHow a US LLC receives payments from clients abroad: SWIFT wires, local receiving accounts, card processors, conversion costs, sanctions and FBAR.
- Why banks freeze or close new LLC accounts and how to avoid it3 minute readWhy banks freeze or close new LLC accounts: ownership checks, unexplained payments, high-risk activity, cash patterns, personal use, and what to do.