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Oh Boy Business Bank Account Story...

Author Topic: Oh Boy Business Bank Account Story...

eduardleppur

  • Member
Oh Boy Business Bank Account Story...
Jan 18, 2012 at 08:53 AM
Wow am I'm frustrated. Today I called around 12 Banks in Delaware and the U.S. To ask them if its possible for me to open an U.S Business Checking account for my LLC. Most of the Banks they want to see you in Person!!! Or even have no clue what I want from them, they don't understand how my company can get registered in the U.S and I'm not an U.S citizen...

This is the biggest hurdle so far for me to be able to operate, as I have already found two good micro niches the right products etc...

I don't want to open a German account as the exchange rate will always kill me than.

Need some advice on this.....As it really makes me nuts :'(
« Last Edit: Jan 18, 2012 at 08:56 AM by eduardleppur »

RobMan

  • Member
Eduard,

did you speak to the branch manager? This is important as most others in the bank won't know anything?

Anyhow, keep trying. There's lots more banks.

And if worse comes to worse, PM me and we can talk again.

Robert
« Last Edit: Jan 18, 2012 at 02:52 PM by Coach »

bizminister

  • Member
This is the biggest hurdle so far for me to be able to operate, as I have already found two good micro niches
This is the biggest hurdle there is, and it`s really messed up in contrast to how easy it is to incorporate, but thanks to encouraging posts by RobMan, I`m also working my way through this hell...for the second time.

The key to success seems to be to find that one manager who appreciates the Patriot Act as the ridiculous piece of crap it is, and who understands and wants to work with business owners from countries that are just as "safe" as the U.S. It`s not like we`re calling from North Korea or Angola ;).

Having to deal with conversion rates and associated fees is a real pain in the ass, but you should at least set up your stores with PayPal standard. You change the currency to USD, and you don`t have to worry about that, at least. Just to get you started :).

eduardleppur

  • Member
This is the biggest hurdle so far for me to be able to operate, as I have already found two good micro niches
This is the biggest hurdle there is, and it`s really messed up in contrast to how easy it is to incorporate, but thanks to encouraging posts by RobMan, I`m also working my way through this hell...for the second time.

The key to success seems to be to find that one manager who appreciates the Patriot Act as the ridiculous piece of crap it is, and who understands and wants to work with business owners from countries that are just as "safe" as the U.S. It`s not like we`re calling from North Korea or Angola ;).

Having to deal with conversion rates and associated fees is a real pain in the ass, but you should at least set up your stores with PayPal standard. You change the currency to USD, and you don`t have to worry about that, at least. Just to get you started :).

Yeah I know about PayPal Standart BUT if you contact the supplier and you tell them that you only have PayPal and nu Business Bank account for them to bill you if an order comes through. Does this not sound a bit like an amateur, I mean if we approach a supplier we should be as much as professional as possible....And the conversion rate on your site will be way higher with credit card acceptance....

I strongly believe that we should have something in place for the manufacturer, supplier etc....

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