How to Open a Delaware Business Bank Account

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how to open a delaware business bank account“I want to open a Delaware business bank account." I can’t tell you how often we hear this request from international clients.

 

Why? Many clients that form Delaware corporations also need U.S. bank accounts.

 

Wherever the company is based, if the objective is to provide I.T. services or to become an Amazon.com or an eBay vendor, for example, non-U.S. clients are going to want to be able to receive payments here in the U.S.

 

Many of our non-U.S. clients will want to set up a payment gateway of some sort, like PayPal, while others may simply want to have a U.S. business checking account for their Delaware corporation.

 

Whatever the case may be, the opening of a U.S. bank account for non-U.S. clients is one of the most difficult steps in the entire incorporation process.

 

Unfortunately, no two U.S. banks are exactly the same, and their specific policies and procedures for opening a business bank account for a Delaware corporation can be drastically different. There are, however, certain requirements that will be uniform for most banks. These are some of the things that will be needed to open the bank account for a Delaware company:

 

  • Proper photo identification, such as a driver’s license or passport
  • Certificate of Incorporation, stamped by the Delaware secretary of state
  • Articles of Incorporation (included on the Certificate of Incorporation)
  • Federal Employer Identification Number (EIN)
  • Banking resolution with corporate seal (often provided by the bank)

 

Due to strict regulations, Delaware Registered Agents are prohibited from opening up bank accounts for companies they form. We can, however, have the Certificate of Incorporation filed and approved within two to three business days or less.

 

We can assist with obtaining the Federal Employer Identification Number (EIN) for the Delaware corporation. We also provide a digital corporate seal for each company for which we serve as the Delaware Registered Agent.

 

While we can provide the proper documentation for opening the Delaware business bank account, unfortunately, a major hurdle for non-U.S. clients, is appearing at the bank in person. In our experience, typically every U.S. bank will want to work with their potential clients directly.

Many international clients are able to drop everything and travel to the U.S. to open the business bank account, in which case, this is not an issue. In many cases, however, this may not be an option.

 

It’s a good idea for non-U.S. clients to call or email the bank they wish to do business with and get all the details on opening the bank account before they ever step foot in the branch. This is a good way to ensure everything will go smoothly when opening the business bank account for the Delaware corporation, and to avoid any headaches.

 

Call us today at 800-345-2677 if you have any questions about forming your Delaware LLC or corporation. We’re here to help!

 

More By Andrew Millman

There are 2 comments left for How to Open a Delaware Business Bank Account

MALEK BOUTERAA said: Friday, May 19, 2017

Hello, i would like to open a business bank account for a recently created company in Delaware. Are you providing those kind of services? Thanks Malek

HBS Staff replied: Monday, May 22, 2017

Unfortunately, we cannot open bank accounts on behalf of company owners. Here is more information from our website on that subject:

https://www.delawareinc.com/before-forming-your-company/Delaware-company-formations-for-non-residents/

 

Deanna R. Jones said: Tuesday, June 9, 2015

Thanks for the post! I'm opening up my first business bank account, so it seems like there are a few things that I need to know to bring with me to a bank. I didn't realize how strict the regulations are for opening a business bank account are. It's good to know that I should be prepared with my ID, along with my Certificate of Incorporation, Articles of Incorporation, EIN, and banking resolution. I won't forget any of those things now that I know how to set up a bank account for my new start up business.

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