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  Home >> Special Situations >> Foreign Customers  
Opening a Business Checking Account for Foreigner

How does one open a business checking account for a Delaware Corporation with one shareholder (president) living in Europe and having no SSN and no US driver's license?

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You present an interesting problem. While the business is domestic for a U.S. bank, its ownership is foreign. We can't give you a precise answer, because within certain constraints, banks devise their own policies for opening accounts.

U.S. bankers are required to confirm the existence and identity of entities opening accounts, and often, particularly with small corporations, will require that the identity of the principal behind the corporation also be verified. Not all banks with such requirements allow for non-resident alien identity verification; those that do may have varying requirements, but clearly would not be expecting a U.S. driver's license or Social Security number, and would generally be able to use other documents or non-documentary sources to verify your identity. Typical examples are a passport or other government-issued identity document with a photo. Your best plan might be to contact a U.S. bank with offices in Europe to seek the information you need.

Published on BankingQuestions.com 8/25/10