What is Remote US Bank Account Opening
Remote account opening means you go through the entire KYB/KYC procedure online without visiting a branch or traveling to the US. This became possible thanks to next-generation fintech banks: Mercury, Relay, and Brex.
Important to understand: you still need a registered US company and an EIN from the IRS to open an account.
Key Differences Between Banks
- Mercury: the best choice for startups and technology companies. Free plan, API, integrations.
- Relay: focused on small business. Up to 20 sub-accounts, integration with accounting services.
- Brex: corporate cards and cash management. Requires higher turnover or venture funding.
Comparison of Options
| Parameter | Mercury | Relay | Brex |
|---|---|---|---|
| Plan | Free / $35/mo | Free / $30/mo | Free / from $0 |
| Non-residents | Yes | Yes | Limited |
| Virtual cards | Yes | Yes | Yes |
| ACH/Wire | Yes | Yes | Yes |
| SWIFT | No (only via Wise) | No | Yes |
| Min. balance | None | None | $0 (sometimes $25,000+) |
Step-by-Step Instructions
- Register a US company — Delaware LLC or C-Corp via Doola, Firstbase, or Stripe Atlas.
- Get an EIN — file SS-4 with the IRS. For non-residents — by fax or through an agent, takes 4–8 weeks.
- Choose a bank — Mercury for startups, Relay for small businesses needing multiple accounts.
- Prepare documents:
- Articles of Organization / Certificate of Incorporation
- Operating Agreement / Bylaws
- EIN confirmation letter
- Owner's passport (UBO)
- Fill out the online application — on the chosen bank's website. Specify business type and expected turnover.
- Wait for approval — Mercury: 2–5 days; Relay: 1–3 days; Brex: 3–7 days.
- Activate your card — a virtual card is available immediately after approval.
FAQ
Is a US phone number required? Mercury and Relay do not require a US number for registration. Brex sometimes asks for one. You can use Google Voice or a virtual US number.
What to do if Brex rejects you due to insufficient turnover? Brex is geared toward companies with venture funding or turnover of $50,000+/month. If rejected — choose Mercury or Relay, they are less demanding on transaction volume.
Can I open accounts at multiple banks? Yes, and it's recommended. Keep your main account at Mercury, a backup at Relay or Wise Business. This protects your business if one account gets frozen.