US Bank Account Checklist
Key steps to prepare before opening a US business bank account. Works for neobanks and traditional banks.
1Prerequisites (Required for All Banks)
2For Neobanks (Mercury, Relay)
3For Traditional Banks (In-Person)
4After Account is Open
Frequently Asked Questions
Can I open a US bank account without visiting the US?
Yes, with neobanks like Mercury or Relay. Traditional banks usually require in-person visits. Some community banks may accept remote applications with extra documentation.
Do I need an SSN to open a business bank account?
No. An EIN is sufficient for business accounts. SSN is only required for personal accounts.
How long does account opening take?
Neobanks: 1-5 business days for approval. Traditional banks: Same-day if in person, or 1-2 weeks for mail applications.
What if my application is rejected?
Common reasons: incomplete documentation, business type concerns, or verification issues. Try a different bank or neobank, and ensure all documents are current and consistent.
Related Resources
Cite This Entry
EchoLegal, “Bank Account Checklist,” EchoLegal Legal Encyclopedia, v1.0 (last updated Jan 25, 2026), https://echo-legal.com/en/checklists/bank-account-checklist.
Bank Account Checklist, EchoLegal Legal Encyclopedia (last updated Jan 25, 2026), https://echo-legal.com/en/checklists/bank-account-checklist.
ecl-chk-00003This checklist is for informational purposes only and does not constitute financial advice. Bank requirements change frequently. Verify current requirements directly with the financial institution.