For business owners outside the US
US business account for non-residents
Yes. You do not need to live in the US to open a Bancoli business account. Bancoli opens accounts for eligible solopreneurs and registered businesses in most countries, and owners can be located almost anywhere, as long as the business is registered in a supported country or a supported US state. After verification you get US dollar account details for your business, so US clients can pay you by ACH or RTP.
Open your Smart USD walletCan I open a US business account if I live outside the US?
Yes, if your business is eligible. This is a business account, not a personal account. Eligible solopreneurs and registered businesses can apply.
The eligibility page says: "Bancoli can open accounts for eligible solopreneurs and registered businesses in most countries." It also says: "The owners can be located almost anywhere, as long as their business is located in a supported US state or another supported country."
Who is eligible
The first question is where your business is registered, not where you live.
- Solopreneurs and registered businesses in most countries can apply.
- Where you live does not decide it. The eligibility page says: "A beneficial owner does not need to live in the same country as the business registration."
- A US company has to be registered in one of 13 supported states: Hawaii, Kentucky, Maine, Maryland, Massachusetts, Montana, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, Washington and Wyoming.
- Bancoli cannot open an account if any beneficial owner holds tax residence in Cuba, Iran, Myanmar (Burma), North Korea or Palestine (Gaza Strip and West Bank).
- Some countries are marked "UBO only". Bancoli cannot accept a business registered there, but an owner who lives there can still be eligible through a business registered in a supported country.
- Bancoli also cannot open an account if the business is located in Crimea, Sevastopol, Donetsk or Luhansk.
- Opening an account and sending a payout follow different rules. The country list is about opening an account.
What you get
Bancoli is a chartered bank and a fintech in one.
- US dollar account details in your business name, after approval. Access to named USD details depends on your business and location.
- Payments by ACH, RTP and US domestic wire, plus supported stablecoins, all into your Smart USD wallet.
- Your clients do not need to use stablecoins. They pay from their bank the usual way.
- Free FX in 25+ currencies when you pay suppliers, contractors or yourself.
How to apply online
- Check that your business is eligible.
- Apply online and verify your business and its owners.
- Share your US dollar account details with your clients.
Smart USD wallet basics
Your Smart USD wallet is self-custodial and holds eligible USDC, USDi or USDT. They are fully backed, but they are not a deposit and are not FDIC-insured. You control your funds. Bancoli does not own or control them.
Questions about a US business account for non-residents
Get paid in US dollars from outside the US
Check if your business qualifies, then open your Smart USD wallet.
Open your Smart USD walletStablecoins in your Smart USD wallet are not a deposit and are not FDIC-insured.