Why you prefer Relay?
Why you prefer Relay?I have opened half a dozen Mercury and Relay accounts easily for US companies for non-US owners with addresses outside US in three different industries. The difficulty factor was about the same (quite easy). Between the two, I prefer Relay, though their support can be very slow to respond. I found the response time improves after you have an approved account, however I never tracked response times so this statistic could just be my imagination.
Apart from mastercard / visa fees?Mercury has very attractive currency conversion if paid by debit card in other currency than USD. I paid around 0.2% fee. ATM withdrawal in foreign currency should be favorable, but I haven't tested it yet.
They are good and have been reliable the last 5 years for us.I'll definitely also try Airwallex if I open a U.S. LLC
Not sure if somebody asked already, but what state is your LLC incorporated in?I have a US LLC, am non-resident in the US, and signed up to 18 different EMIs.
Wyoming. Don't think it matter particularly, but I could be wrong.Not sure if somebody asked already, but what state is your LLC incorporated in?
Did they charge you any setup / application fee ?Novel bank I don't recommend I applied and after 40 days they replied that they can't onboard me
no, fortunatelyDid they charge you any setup / application fee ?
How many business accounts did you end up with, and did you find other banks not listed here?I have a US LLC, am non-resident in the US, and signed up to 18 different EMIs.
This is the result after a week:
Hopefully this helps others in the future.
- 3S Money - Asked for $20 to process my application + it charges $100 a month for having the account open
- Airwallex - Approved
- Brex - Rejected because I have no venture capital (startup focused apparently)
- Currenxie - Doesn't offer services to US businesses
- Juni.co - Doesn't offer services to US businesses
- Mercury - Application still pending
- Novel - Application still pending
- Payoneer - Wants the withdrawal account to be in the LLCs name (no point having the account then)
- Paypal - Doesn't offer services to US businesses to non-residents
- Paysera - Doesn't offer services to US businesses
- Payset - Doesn't offer services to US businesses
- Relay - Won't accept my proof of address because it's not in english. Support doesn't answer through e-mail
- Revolut - Doesn't offer services to US businesses
- Satchel - Asked way too many questions about where funds would come from, how much and where they would go to before even opening the account
- Stratys - Doesn't offer services to US businesses
- VertoFX - Application still pending
- Wallter - Asked for 500 EUR to open the account
- Wise - Approved
Just Wise and Airwallex, though Wise disabled my account due to cryptocurrency related transactions. Mercury also ended up opening an account for my business, but since they only offer a USD account I have no use for it for now. Other than that, all the others either rejected me or kept my application pending.How many business accounts did you end up with, and did you find other banks not listed here?
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