Opening an Account in an American Bank as One of the Mandatory Conditions for Company Registration

A mandatory requirement for registering a business company in America through US Business Services Corp. is opening a bank account. We refuse registration to applicants who plan to operate without an account in an American bank to exclude “gray” and “black” business practices.

Moreover, the account opening is carried out exclusively on a legal basis. Our company, with over 10 years of experience in business operations in the USA, does not engage in illegal account openings used for “laundering” or “pumping” money. We also do not advise you to do so. In case of discovery, aside from the possible “freezing” of funds, criminal liability may also follow.

A mandatory condition for opening an account in a Nevada bank is the personal visit to the bank by the company’s director, who has signing authority.

This can be done in two ways.

The first way involves registering a specialist from our company as the director. This delegation of authority is very convenient if you do not plan to be permanently in the states and intend to conduct business remotely. The director’s activities in managing the company’s account are strictly controlled by you. For this purpose, we enter into a contract with you that details:

• The specifics of access to the account;
• The order of disposing of funds (for example, by phone or by written order, or including both options simultaneously);
• The regulations for managing the account, which includes specifying the maximum amount that can be in the account, the amount of funds that should be transferred to an investment or personal account, the possibility of paying for premises, employee salaries, and much more.

You will receive online access to the account 24/7.

The second way allows you to open the account in your name and conduct business activities, consulting with our specialists. At any time, you can transfer the authority to manage funds to our director.

To open a business account, you need to have a taxpayer number (EIN), which is the registration number with the IRS (Internal Revenue Service) and a mailing address for your company.

To open a business account in an American bank, you must personally visit the bank, where two bankers must verify your identity, your visit must be recorded by the bank's security cameras, and you must sign in special electronic forms in the presence of a banker.

We can add you or other directors to the account only with your personal presence at the bank. The bank cannot make any exceptions and open accounts without the personal appearance of clients at the bank.

US legislation allows the possibility of opening multiple accounts in different banks across the country. However, all of them are opened as business accounts and must be reported when filing tax returns. It is also possible to open a debit card attached to the corporate account of the company. It can be used for purchases and bill payments, both online and offline, in any country.

The debit card numbers do not correspond to the bank account number.

Reasons for Mandatory Closure of Corporate Accounts

This point is very important, especially after the successful launch of your business, so we found it necessary to elaborate on it a bit.

The banking system and legislation of the United States are quite lenient and well thought out; they currently welcome the establishment of various business structures. However, there are situations where your corporate account can be closed quickly and without warning.

When is this possible?

If the bank suspects that one of your transactions does not meet the criteria for safe business practices accepted in the USA.

If there is suspicion of “money laundering.” This can happen, for example, if a substantial amount is deposited into the account and then, literally the next day, it is transferred in several payments to the accounts of other legal or physical persons abroad. These operations are detected by specialized computer programs, and the bank's security service is involved in reviewing such situations. While the review is ongoing, all large transfers from the account are frozen. However, money can still be deposited into the account. Debit cards continue to work.

If there is a withdrawal of a large sum. This is extremely undesirable and often leads to the closure of all accounts without warning.

If transfers are made to “hot spots,” such as Afghanistan, Iran, Pakistan, Syria, Iraq, Cyprus, Libya, Somalia, Venezuela, and so on.

Additionally, sometimes a bank account may be closed without any visible reasons or explanations from bank staff.

What else would we like to add? Although the closure of accounts, especially without warning, is certainly an unpleasant procedure, there is always the possibility of opening them either in another American bank. In each specific case, we act strictly individually and always comply with the interests of your company.