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Setting Up an Account for a Foreign Company

Can I set up accounts for foreign companies in a US bank?

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Some U.S. banks will open accounts for foreign companies. However, this is a specialized form of banking, and it requires banks to ensure that the companies have bona fide reasons for needing a U.S. account, and to verify the existence of the companies themselves. The number of banks able to invest in this process is small. They are most likely banks with international departments.

Published on BankingQuestions.com 8/13/09