How to Get an EIN and Open a US Bank Account for Your Business
Once your company is formed, the next critical step is obtaining an Employer Identification Number (EIN) and opening a US business bank account. These are essential for receiving payments, paying taxes, and building business credibility.
What Is an EIN?
An EIN is like a “Tax ID” for your company issued by the Internal Revenue Service (IRS). It’s required for:
- Opening a business bank account
- Applying for Stripe or PayPal US
- Filing taxes
- Hiring employees (if applicable)
How Non-Residents Can Get an EIN
1. Complete Form SS-4 with company details.
2. Fax or mail the form to the IRS.
3. EIN is issued in 7–14 business days.
If you use Startitup Global, our team files directly with the IRS and handles communication until the EIN is received.
Opening a US Business Bank Account
Non-residents can open business accounts with fintech and traditional options like:
- Mercury Bank
- Relay Financial
- Wise Business
- Payoneer US
All offer USD accounts with routing and account numbers, ideal for eCommerce sellers and service providers.
Final Thoughts
Your EIN and banking setup are what turn a registered entity into a working business. Startitup Global simplifies this process from IRS filings to fintech account openings giving you a fully functional US company, ready to operate.
