Business Bank Accounts for Delaware Companies


Business bank accounts for delaware companiesOnce you form your new LLC or corporation, you’ll need to open a bank account in order to do business.

What do I need to open a business bank account?

Typically, when opening a bank account in the United States, the bank requires the company's approved Certificate of Incorporation/Formation, the company's Federal Tax ID Number (also known as the EIN) and lastly, for an individual from the company to appear at the bank in person. 

Although banks are regulated by the federal government, they are also regulated by state banking laws.

Different banks require different documentation, so be sure to contact the bank of your choice to ascertain its requirements for new business bank accounts. Other items that banks may ask for are:

  • Certificate of Authority: The Certificate of Authority, also known as a Foreign Qualification, is obtained through registering your business as a foreign entity in the state in which the company is operating and/or banking. Most banks require a valid Certificate of Authority (achieved through Foreign Qualification) in order to open an account for those companies that have been formed outside of that respective state.

Foreign Qualification is important because the bank account is the point to which revenue is channeled, and thus it is considered part of a company’s operations. Since every state has its own requirements for Foreign Qualification, we are happy to take care of this detail for you. Our specialists can assist you with the entire Foreign Qualification process. 

Please visit our Foreign Qualification informational page for more information.

  • A Certificate of Good Standing: A Certificate of Good Standing, also known as a Certificate of Existence, is a certificate provided by the Delaware Secretary of State’s office stating your company is current with all Delaware Franchise Taxes, filings and Registered Agent Fees.

Many banks require a Certificate of Good Standing when a company applies for a loan, a line of credit or wants to open a merchant account. A company may also be asked to present a Certificate of Good Standing before signing a large contract.

You can order a Certificate of Good Standing for your company online.

If I form a Delaware company, do I have to open a bank account in Delaware?

No. Delaware company owners often open a bank account wherever it is most convenient for them, generally the state in which they are doing business. It is common for Delaware companies to operate all over the world, and banks typically understand this reality.

This is where your Certificate of Authority becomes significant; it lets the bank know that even though the company was formed in Delaware, it is legally registered to operate in your home state as well.

If you have any other questions about business bank accounts, our experts will be happy to assist you. While we do not actually open bank accounts for our clients, we can assist in obtaining the documents the bank will request from your company.

Feel free to call us at 800-345-2677, email us or Skype us at delawareinc. 

More By Devin Scott

There are 14 comments left for Business Bank Accounts for Delaware Companies

Andres said: Friday, December 30, 2016

I'm a non-resident alien. All of our services software development will be performed online to US companies and we want to open a LLC in Delaware. Do we still need the Foreign Qualification If we open an account in Florida?

HBS Staff replied: Tuesday, January 3, 2017

Each bank can be different in what is needed in order to open a business account with that particular bank; some banks may require Foreign Qualification to open a business bank account. Typically, business owners  qualify their LLC in the state where they are hiring employees, physically operating or opening a store front.  

Marco said: Tuesday, December 27, 2016

I have a Delware LLC. Taxwise, if I open a bank account in Florida, is it then considered as if I would do business in Florida and means that I need to pay income taxes in Florida?

HBS Staff replied: Thursday, December 29, 2016

When forming a company here in Delaware, you are known as a domestic entity to the state of Delaware and a foreign entity to all other states. The next step in the process of operating in another state's jurisdiction and opening a bank account there is to file for Foreign Qualification. The process of Foreign Qualification allows you to operate as a foreign entity in the state of Florida, and it will help you to comply with any local and state compliance fees. For more information on Foreign Qualification, visit   



John Didea said: Tuesday, October 18, 2016

Jeremy Hello Ref Open a bank acct in DE or other banks in US I am looking to open a bank acct at on eof DE banks or other banks in CA , for the new Corp .Kindly advice asap if you can help without me travelling to US yet . Hope to hear from you soon Best regards John Didea CEO/Integrated Industry INC ph 61416287798 Gold Coast QLD.AU ,

HBS Staff replied: Tuesday, October 18, 2016

Hello. You can read more about company formations for non-residents on this page:

Feel free to call me if you'd like further clarification. 1-800-345-2677.

Gina said: Wednesday, October 5, 2016

We are from philippines and we need a US bank account for our Foreign Corporation because we received donations in Checks from US and need a way to deposit them, what are your requirements? Do we need to get a US Tax ID? please give us your feedback.

HBS Staff replied: Tuesday, October 11, 2016

Each U.S. bank has different requirements for opening a business bank account. Unfortunately for our international clients, one of the most common & inflexible requirements for opening a business bank account in the United States is showing up in person to do so. Many people ask a friend or family member who lives in the U.S. to open the bank account on their company’s behalf. Other business owners appoint a manager (LLC) or director (corporation) who already lives in the U.S. as an authorized person to open & manage the business bank account. Some business owners have had success by finding a branch of an American bank that is located near them, and asking that branch to facilitate opening an account.

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