US Banking for Your Company

Your US company needs a business account in US dollars, and usually a way to handle your euros too. Here's how we set up your company's banking today: Mercury for day-to-day business, a payment provider for your euros and, if you like, an in-person appointment at a traditional US bank in Austin. Don't have a US company yet? This step-by-step guide shows you how to form a US LLC.

1Mercury: your US dollar business account

By default, we open your company's account with Mercury. The account is held directly in your company's name, with you acting as its manager. No trip to the USA required. You get a debit card and handle your payments online. Mercury decides whether to open the account.

Mercury itself is not a bank. By its own description, Mercury is a fintech company; banking services are provided by its partner banks.

2Euro account details with an IBAN

US banks generally only hold accounts in US dollars. You get euro account details with an IBAN for your company through a payment provider. With them, you accept euro payments from your European customers and transfer money between euros and dollars. A payment provider isn't a bank either.

3Optional: a bank introduction in Austin

If you'd also like an account at a traditional US bank, we'll introduce you in person to a bank in Austin. This is part of Credit Builder: with Credit Builder, you travel to the USA once for the bank appointment. Whether the bank opens an account, and on what terms, is up to the bank.

Credit Builder goes beyond the account: it guides your company on the way to its own US credit cards and its own creditworthiness. You can add it to a new company formation or book it for your existing US company. More about Credit Builder.

4Further reading

• How to open a US business account
• Opening a US bank account as a non-resident without an SSN
• Transferring money between the USA and Europe
• Applying for a US credit card as a non-resident

Need a personal US account without a company of your own? That's what our US Bank Account Opening is for.

In short

• By default, we open your US dollar business account with Mercury, without a trip to the USA. Mercury decides on the account opening.
• Mercury itself is not a bank: banking services are provided by partner banks.
• Your company gets euro account details with an IBAN through a payment provider, which you use to transfer between euros and dollars.
• An account at a traditional US bank is part of Credit Builder: we introduce you in person in Austin, and the bank decides.

How we help you

• Credit BuilderCredit for your company and for you, built step by step.
• US Company FormationLLC, Inc or LP in Delaware, Florida, California, New York, Texas or Wyoming.
• US Bank Account OpeningYour own access to the American financial system, even without an SSN.
• Company formation consultationEntity type, state and tax consequences, before you commit.