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Open a bank account in the USA

✓ Non-CRSPartially remoteNon-residents OKfrom £1,600

Who we work with

We work with US commercial banks. An in-person visit is generally required. Minimum deposits vary by bank and account type.

About this destination

Build your second financial identity in the largest market in the world. We form your US LLC and obtain your ITIN (Individual Taxpayer Identification Number) at no extra cost. Together with a real residential address in Texas, you can open personal bank accounts and obtain US credit cards to build your US credit score. The USA does not participate in the CRS (it runs its own FATCA regime) and reports almost no data abroad itself — a strategic advantage for international entrepreneurs.

Banking system

All figures are indicative and subject to change. Not investment advice.

Key banks
JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley
Credit rating
Moody's Aa1 (May 2025, stable); S&P AA+ (August 2025, stable); Fitch AA+ (August 2023, stable)
Deposit guarantee
Up to USD 250,000 per depositor and bank, state-guaranteed via the Federal Deposit Insurance Corporation (FDIC)
Currency
US dollar (USD), freely convertible; the EUR exchange rate floats with market conditions
Inflation
approx. 3.3% (March 2026)
Deposit interest
Typical savings rates between 0.38% and 5.00% p.a. for high-yield savings accounts (March/April 2026)
Banking secrecy & CRS
The USA is not a CRS member. It instead operates FATCA (Foreign Account Tax Compliance Act), which obliges foreign banks to report US account holders but provides no reciprocal data exchange with EU authorities. Banking confidentiality is governed by the Bank Secrecy Act (BSA).

Knowledge & background

Why bank outside the EU?

EU account registers, EAPO, bail-in risk and de-banking — the full picture.

How our service works: step by step

Five steps from order to activated account.

Declaring your offshore account: what you must report

CRS, FATCA and national reporting obligations explained clearly.

Enforcement-proof accounts abroad: what the term really means

EAPO, Lugano, foreign judgments — an honest assessment.

Questions first?

We'll tell you within 24 hours whether this destination fits your profile.

Quick overview

CRS status✓ Non-CRS
Minimum depositon request
Remote openingPartially remote
Non-residentsNon-residents OK
Service feefrom £1,600

Not sure if this fits? Free consultation →

Requirements note

Proof of address and phone number must come from the same country — and that must be a genuine residence, not a PO box address. Our Nomad Package sets up a recognised address in the Philippines, including all required documents. Fully remote, no travel required. Ready in 1–2 weeks.

What's included in our service

  • Personal bank introduction
  • Document preparation and review
  • Application coordination
  • Ongoing support until account is active
  • Compliance and AML guidance

All information is provided for general guidance only and does not constitute legal, tax, or financial advice. Regulations and bank policies change; always verify current requirements before proceeding.