Questions

Finding it difficult to find a bank for our LLC's needs.

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?

3answers

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 8 months ago

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 5 months ago

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