Banking
I have startup LLC partnership (3 owners) with one member who lives in The Netherlands. We need a bank (possibly an online bank), where the 3 of us can ALL be listed as owners, with a means for each of us to make deposits and withdraws. Our foreign member has an EIN to help, if necessary, as he does not have a US SSN. We have found banks that will accept our foreign member as an owner, BUT they don't do international wire transfers. Does such a financial institution exist?? Or, does anyone have any alternative ideas?
4
Answers
Passionate about providing guidance
Finding a bank for your LLC's needs will largely depend on the specific requirements of your business, your location, and other factors. Here are some banks in the U.S. that are well-regarded for their business banking services.
1. **Chase Bank**: Chase offers a variety of business checking accounts and has a wide network of physical branches.
2. **Bank of America**: Known for its strong customer service and comprehensive business services, Bank of America offers several types of business checking and savings accounts.
3. **Wells Fargo**: Wells Fargo has a large network of branches and offers a wide range of services suitable for businesses of all sizes.
4. **U.S. Bank**: They offer a comprehensive suite of business banking products including checking accounts, merchant services, and business lending.
5. **PNC Bank**: PNC offers a variety of business services, including business checking and savings accounts, cash management, and payroll services.
Before making a decision, consider the following factors:
- **Fees**: Look for banks that offer low-fee or no-fee accounts.
- **Location**: If you need to visit a branch regularly, choose a bank with locations near you.
- **Online and Mobile Banking**: Look for banks that offer robust online and mobile banking platforms.
- **Customer Service**: Check customer reviews to gauge the bank's reputation for customer service.
- **Additional Services**: If you need services like payroll, merchant services, or business lending, find a bank that offers these.
Please note that the best bank for your LLC will depend on your specific needs and circumstances. It's always a good idea to research and compare several options before making a decision.
Answered over 1 year ago
Serial Entrepreneur, IT focused
Remember 'banks' like WISE - you can create virtual bank accounts with them in many different countries. While WISE is not a bank they offer a lot of banking services.
Answered about 1 year ago
Fmr. Assistant. Manager - SEC
Hi. Well from the information you have submitted it would be wise to consider a European Based bank that specialises in project funding etc. There are quite a few reputed ones that do international funding etc. The other option would be online banks, however there are many disadvantages of this system (Online Banks) such as reliability, compliance with local regulations etc. Would like to advise you further with after obtaining more specific information.
Answered 4 months ago