Any ambitious global E-commerce start-up will find that its credibility, image and ability to conduct high-powered business will be severely limited without a US business bank account. Listed below are key benefits that an American bank account provides:
Building your brand and customer credibility with a US Bank Account
An American bank account helps to build credibility with vendors and suppliers. The United States has a longstanding record of impartially enforcing contract law and property rights. Companies from around the world will be more likely to conduct business with you if they know there is action of recourse for a broken contract through the US justice system. Companies that have a US bank account are required to act in accordance with US law.
Spend your company’s bank balances anywhere in the world
Owners of US bank accounts are armed with a debit card issued by Visa or Mastercard. These cards make it possible to pay for your purchases anywhere that debit cards are accepted. Also, these cards make it possible for you to withdraw cash from the majority of ATMs throughout the world.
Accept E-Commerce payments from your customers
It is almost impossible for a business to thrive without accepting credit cards and/or Paypal. Merchant service companies prefer to conduct business with companies that maintain bank accounts within the US. Merchant service providers prefer to conduct business in the US because of our impartial and fast moving courts. We hear from our clients, over and over again, that without a US bank account it is impossible to obtain a merchant service account at a fair and reasonable rate.
Move your money with ease
The US banking system has a perfect infrastructure for moving money cheaply and efficiently. Wire transfers to domestic (within the US) and international destinations pay modest fees. US bank accounts also utilize the ACH (automated clearing house) system which makes it possible to transfer money between US bank accounts.
What is the best way to open a US business bank account?
Two important steps are needed:
1) Register a legal business entity in the US. Please visit our International Page.
2) Set up your FDIC insured bank account with guidance from a company ranked A+ ranked by the US Better Business Bureau. Please visit our Banking Page.
For a free 30 minute consultation please contact us +1-302-428-1200 or contact us here.