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Company → bank

Formation is not banking. This is the path founders actually search: US LLC, UK Ltd, AU Pty, India Pvt Ltd, SG Pte, EU company — then who might onboard you.

United States

US LLC or C-corp

Non-resident founders selling to the US, Stripe, or US customers

Time
1–10 days to form + EIN; banking 1–15 days
Cost shape
State fee ~$90–$300 + registered agent. Banking itself is often $0/month.

The path

  1. Step 1

    Pick the entity

    Delaware C-corp for venture. LLC (often Wyoming or Delaware) for simple ops. Do not buy a $50 ‘open Mercury’ package that uses a fake address.

  2. Step 2

    Registered agent + EIN

    You need a US registered agent. EIN can be applied for as a foreign person without an SSN (IRS Form SS-4). Banks will ask for the CP 575 / EIN letter.

  3. Step 3

    Real documents

    Passport, formation docs, operating agreement / bylaws, EIN letter, and a proof of the founder’s home address. Virtual mailbox as the only US address is how applications die in 2026.

  4. Step 4

    Apply for the account

    Wise Business is the usual first yes. Relay next. Mercury is the nicest product and the pickiest on address. Novo / Bluevine if you are actually US-based.

  5. Step 5

    Then payments

    Stripe, PayPal, and ACH need the US details. FX out to the founder still belongs on Wise or Airwallex — do not use Mercury as an FX desk.

Who we would try

FAQ

Can I open Mercury without living in the US?+

Sometimes, if the company is US-incorporated and KYB documents are clean. Since 2025 many non-resident files are rejected over address. Have Relay and Wise as the backup, not a second Mercury application with a CMRA.

Do I need an ITIN first?+

Not to form or to get an EIN. You may need tax filings later. This desk is not a CPA.

Is this a bank account in my name?+

No. It is the company’s account. Mixing personal and company funds is how accounts get frozen.

Living there already? Use the account finder or the United States desk.

NeoBankDB is not a formation agent, bank, or law firm. Packages that promise “Mercury guaranteed” are usually selling a mailbox.