2 June 2026
Open a Bank Account in USA
Find out who can open a personal or corporate bank account in the USA, including non-residents, and the main requirements. Contact our team for support.
Would you like to open a corporate bank account in the USA in 2026? Do you need a personal one? You can explore in this article the main requirements and then discuss further details with our US specialists in company formation.
| Quick Facts | |
|---|---|
| Who can open a bank account in USA | Both natural persons and companies, local or foreign |
Formalities to open a bank account | – natural persons: employment contract or proof of income for foreigners; – legal persons: company documents, certificate of registration for stockholders |
Required documents | – Articles of Incorporation for corporations (Articles of Organization for LLCs) in the USA; – valid passport, residence certificate, utility bills for natural persons |
| Types of bank accounts | – saving accounts, – checking accounts, – money market accounts, – investment accounts, – retirement accounts |
| Debit or credit card issued with a bank account | Yes, depending of the financial purposes |
| Cash deposit to open a bank account | Some banks solicit small deposits |
| Fees to open a bank account | For issuance of a debit or credit card |
| Banking services offered (YES/NO) | Yes |
| Possibility to open a bank account online (YES/NO) | Yes |
| Possibility to pay the utility bills (YES/NO) | Yes |
| Overseas money transfers accepted (YES/NO) | Yes |
| Formalities for student bank account | Proof of courses or letter from College in USA |
| Loans option available (YES/NO) | Yes |
| Offshore bank accounts (YES/NO) | Yes |
| We provide support to open a bank account | Yes |
What is the minimum age to open a bank account in the US?
18, although minors accompanied by parents/tutors are also allowed to open bank accounts in the USA and choose from the bank’s dedicated products.
What are the requirements for opening a corporate bank account in the US in 2026?
Must present:
- EIN – The Employer Identification Number,
- Passport/ID,
- Proof of business address (P.O. Box is not accepted),
- Bylaws or the operating agreement,
- beneficial ownership certification required by the bank (customer due diligence rule – not a FinCEN BOI report),
- Articles of Incorporation/Organization & Certificate of Good Standing, etc.
NOTE! Large banks in the US might solicit proof of company websites, business models, business contracts, or expected transactions through the account. Here is also an infographic that explains more:
Can a corporate bank account be opened online in the US?
Yes, most of the banks in the US allow online bank account opening in 2026. However, there are financial institutions that require the physical presence of the company director to set up a bank account.
What extra documents are required for foreigners wanting to open a bank account in the US?
- IDs must be certified and/or apostilled,
- In some cases, banks solicit verification of business activity.
IMPORTANT! Many US banks require the 147C confirmation letter at the time a bank account is opened.
Is an initial deposit required when opening a corporate bank account in the US?
Yes, normally around USD 25 – USD 100, depending on the bank’s policy.
How can I open a bank account in the US for personal use?
You will have to provide:
- Proof of address/residency,
- Utility bills,
- ID/Passport,
- Other bank statements, etc.
Is the social security number (SSN) required for opening a bank account in the US?
There are banks that solicit the SSN or the Tax Identification Number (TIN) of companies established in the US.
What banking services/products are offered in the US?
- Savings accounts,
- Checking accounts,
- Digital banking services,
- Investment services,
- Mortgages & loans,
- Credit & debit cards,
- Wealth management services,
- Retirement plans, etc.
You can explore this video presentation below:
What are the fees for opening a bank account in the US?
Banks in the US charge clients for the credit/debit cards issued.
Is a bank account in the US mandatory for salary distribution?
According to the legislation in the USA, it is not mandatory to pay the salary into a bank account. The salary can be received in cash or with the help of bank checks. However, most companies prefer the delivery of salaries to employees’ accounts, for simplicity, protection, and utility in equal measure.
Do banks in the US provide other currencies too?
Even though the main currency is the dollar, most of the banks established in the US offer the possibility to open accounts in other currencies too.
Are digital banks available in the US?
Yes, there are digital banks without physical branches. These are quite beneficial because they do not charge for monthly or yearly maintenance, or for foreign transactions. Plus, such banks offer all tools for any kind of transactions, in complete safety.
What is the time frame to open a bank account in the USA?
One day or more, depending on the purpose of the bank account (corporate or personal use).
What is the interest rate for a fixed mortgage for 30 years in the US in 2026?
It varies weekly and is set by lenders, not imposed by the Federal Reserve; Freddie Mac’s average was about 6.7% in late August 2026.
Is it hard to open a bank account in the US?
No, especially if you work with a specialist in the field, such as our US agents, who can explain to you the steps and procedures.
Do you need more details on how to open a bank account in the USA in 2026? You may get in touch with our local experts and discover more.