Many Latin American innovators face a critical hurdle when expanding northward: financial infrastructure. Traditional wisdom suggests you need local credentials to manage money effectively in the United States. But what if we told you there's another way?

At DasBanq, we've guided hundreds of entrepreneurs through this process. Our legal team specializes in streamlining LLC formation for non-residents, eliminating the need for cross-border travel. The secret lies in proper documentation – not personal identifiers.

Recent IRS data reveals over 1.2 million foreign-owned U.S. businesses operate successfully. They use Employer Identification Numbers (EINs) instead of social security details. This approach maintains compliance while protecting your privacy.

Understanding the Importance of a U.S. Business Bank Account

Global commerce demands smarter, faster solutions. For ambitious Latin American founders, setting up a U.S. business bank account used to feel like hitting a bureaucratic wall. But that’s changing. Today, top financial institutions like Chase and Citi are redefining accessibility—moving beyond traditional SSN requirements and focusing instead on your business potential and legal documentation.

Having a U.S. business bank account doesn’t just streamline your operations—it transforms them. It allows you to transact directly in USD, skip hefty conversion fees, and tap into advanced financial tools. Companies that leverage U.S. banking infrastructure save up to 60% on international transfer costs and gain a level of credibility that accelerates trust with global partners. In competitive markets, that trust is a serious growth catalyst.

Essential Steps to Open a U.S. Business Bank Account Without an SSN

The process follows a few critical phases, and each one builds the foundation for your company’s future financial operations:

LLC Registration: Start by forming your LLC with a U.S. state authority, such as Delaware or Florida. This creates your business's legal identity and is essential for account eligibility.
EIN Acquisition: Next, apply for an Employer Identification Number (EIN) through the IRS. This number replaces a Social Security Number and is used for all your financial and tax-related activities.
Documentation Preparation: Gather and prepare your Articles of Organization, proof of ownership, and business address verification. Banks like Mercury now accept international documents such as utility bills or lease agreements.

We accelerate this process by offering pre-vetted templates and acting as your liaison with the IRS. Most clients complete everything in under two weeks. By proactively preparing for needs like a U.S. phone number for verification calls and completing BOI (Beneficial Ownership Information) forms in advance, we reduce delays and improve your chances of first-round approval.

Forming Your LLC with DasBanq

At DasBanq, we transform legal complexity into strategic growth. Our services include complete digital entity formation in all 50 states, IRS-compliant EIN acquisition, and a U.S. commercial address—without requiring you to step on a plane. Most clients complete their LLC registration in as little as 3-6 business days.

We don’t stop at formation. DasBanq partners with trusted institutions like First Citizens Bank, Mercury, and Wise to offer remote business banking. Our clients gain access to U.S. business accounts with USD support, Zelle transfers, and debit cards usable globally. With pre-approved banking pathways and automated Beneficial Ownership (BOI) reporting, 87% of our clients activate their accounts within 48 hours of LLC approval.

Key Benefits of Choosing DasBanq

U.S. LLC + EIN without SSN or travel
Remote account opening with First Citizens, Mercury, Wise
Business banking with Zelle, USD debit cards, and no minimum balance
IRS & compliance support including BOI report automation
Bilingual legal & financial support tailored for Latin American founders

Required Documentation

To open a U.S. business bank account without a Social Security Number, every institution will ask for two key pieces of documentation: a government-issued photo ID—usually a passport—and a verifiable proof of address. The good news is that many top banks, including our partners like First Citizens Bank, now accept digital uploads for these, eliminating the need to send original documents or visit a branch. It’s vital that all submitted documents contain consistent names and addresses to prevent delays in the approval process.

You’ll also need to provide your EIN—your business's federal tax identification number—which we at DasBanq typically secure within 72 hours using the IRS’s latest digital systems. Additionally, you must submit your LLC’s Articles of Organization, your Operating Agreement that outlines the ownership structure, and business address documentation. This address can be a virtual commercial address provided by DasBanq, which is fully accepted by banks and regulatory agencies. Our approach ensures full compliance and accelerates application times for entrepreneurs managing the process remotely.

Exploring Banking Options

When it comes to business banking, selecting the right partner can define how confidently and efficiently you scale your venture in the U.S. At DasBanq, we understand the unique needs of global entrepreneurs—whether you’re operating from Buenos Aires or Barcelona. That’s why we provide a complete spectrum of business banking options tailored to your growth stage, compliance needs, and digital-first expectations.

Digital Banking Options with DasBanq

For founders seeking fast, borderless solutions, DasBanq partners with Mercury and Wise—fintech leaders trusted by global startups. These platforms allow you to open a U.S. business account from anywhere in the world in as little as 48 hours, without the need to physically visit a branch. Mercury offers API-connected tools, virtual debit cards, and real-time dashboards for cash flow visibility, ideal for SaaS, e-commerce, and service-based businesses. Wise Business specializes in low-cost international transfers and lets you hold and manage funds in 50+ currencies, an essential feature for clients with recurring expenses in multiple regions.

With DasBanq, the onboarding is seamless. We provide access to pre-vetted documentation workflows, automate your BOI (Beneficial Ownership Information) submissions, and ensure your profile is complete to reduce rejection risks. You also get real-time support for compliance, document formatting, and integration with your accounting tools.

Traditional Banking Solutions with DasBanq

For businesses that value credibility, lending access, and domestic infrastructure, DasBanq facilitates business account openings with First Citizens Bank. This institution is known for its expansive U.S. branch network and robust product lineup—including Zelle transfers, merchant terminals, and U.S.-based debit cards. While traditional banking requires more detailed documentation and a longer approval time, it gives your company access to advanced credit solutions, ACH payments, and a trustworthy reputation among U.S. vendors.

With DasBanq, you can open a First Citizens Bank account even without an SSN, U.S. residency, or in-person meetings. We’ve helped hundreds of founders access high-trust financial institutions remotely by ensuring that every requirement—from business address verification to EIN validation—is met in advance. Our clients benefit from bilingual onboarding, customized compliance support, and an average approval window of just 5-10 business days.

In fact, most entrepreneurs we work with choose a hybrid setup: leveraging Mercury for daily transactions, Wise for global money movement, and First Citizens for capital storage, Zelle integration, and long-term credit needs. This strategic diversification boosts FDIC insurance coverage, reduces exposure to operational risks, and aligns with global scaling goals.

Managing Your Business Banking Online

Modern banking doesn’t stop at account setup—it’s about ongoing, real-time control over your finances from anywhere in the world. At DasBanq, we empower entrepreneurs with advanced digital tools that make it easy to manage your U.S. business banking 24/7, no matter your location.

Our partner Mercury offers instant access to user-friendly dashboards, virtual debit cards, API connectivity, and team permissions, allowing startups to monitor spending in real time and maintain control over operational budgets. Wise Business stands out for its seamless experience managing funds across more than 50 currencies. Founders can automate expense tracking, set up recurring payments, and integrate their banking activity directly with platforms like QuickBooks and Xero—streamlining bookkeeping while reducing costly errors.

These tools also protect your business. Two-factor authentication, biometric logins, and fraud alerts are standard, helping ensure secure transactions at all times. Our clients routinely save thousands of dollars each year by combining multi-currency tools, reduced FX fees, and expense automation—all while accessing their accounts from anywhere, including Latin America, Europe, and beyond.

Conclusion

Building a U.S. business presence without an SSN is not just possible—it’s efficient and secure with DasBanq. We turn what used to be a complex challenge into a competitive advantage through remote LLC formation, fast EIN acquisition, and seamless access to both digital and traditional U.S. banking.

Whether you're launching a fintech startup from São Paulo or running an e-commerce operation from Bogotá, DasBanq gives you access to high-trust U.S. banking solutions like First Citizens Bank and Wise. We help you unlock global transactions, reduce international fees, and access financial tools designed for modern growth. Our clients gain not only financial infrastructure but also confidence, agility, and global credibility.

Let DasBanq help you scale smarter—because international entrepreneurs deserve better banking. Start your journey today with the partner that understands your ambitions.

Faqs

What documents do I need to open a U.S. business account without an SSN?

You need a valid passport, your LLC’s EIN from the IRS, Articles of Organization, and proof of business address. DasBanq guides you through preparing everything.

Can I get an EIN without a Social Security Number?

Yes! You can apply directly to the IRS using Form SS-4. DasBanq simplifies this process for international founders.

Do U.S. business accounts have minimum balance requirements?

It depends on the bank. Many digital solutions we work with offer no minimum balance, ideal for startups.

Can I manage my U.S. account from Latin America?

Absolutely. Digital banking lets you send payments, monitor activity, and run reports 24/7. We show you how to use these tools effectively.

What makes DasBanq different from other LLC formation services?

We combine legal incorporation expertise with integrated banking support, offering bilingual service and specialized experience for Spanish-speaking entrepreneurs.

How do banks verify my identity without an SSN?

They accept passports, ITINs, or digital biometric verification depending on the institution. We align your documents to the bank’s requirements.