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Step-By-Step Guide:
How to Successfully Apply
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What to Consider Before Applying
You must have a registered U.S. company (LLC or Corporation) and a Tax ID Number (EIN) to be eligible for a **** bank account. **** cannot open accounts for sole proprietors or trusts, or businesses in certain categories: money services, adult entertainment, marijuana and gambling industries.
Required Application Documents
Your company formation document
This is what is on file with the Secretary of State where you're registered in the US.
**** cannot accept companies that are formed outside of the US.
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Your IRS-issued EIN document
We can accept Form CP575, Form 147c, or a completed SS-4. If you are submitting a SS-4, please ensure it is not just the application, but the returned version from the IRS.
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Photo ID
US government ID or International Passport
We will need this for each founder or majority owner of the company.
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Company Website - Important Tips:
Also, To be approved by the U.S. bank, and successfully pass the bank’s due diligence process you to have your company's Website / Online Store in English.
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Very important note –
we need to show a professional looking website with as much information as possible, so the bank will see that you have a legitimate and serious business and approve your new account application.
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The website is what the bank sees first about you and your business. The more professional and detailed the website is, the better is the bank’s first impression.
We hope you understand.
Which information is the bank looking for in a website?
a. Description of your company: 250-300 words describing what exactly does your company do, what is the main focus of the company, etc…
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SAMPLE:
ABC, LLC is an e-commerce company specializing in digital gadgets and appliances for the U.S. market. Our best seller is i-sleeper, the leading sleeping system that combine advanced earphones and message pillow. We focus on the U.S. and European markets.
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Or
ABC, LLC is a consulting company specializing in helping small to mid-size businesses with their online digital marketing. We use advanced tools to improve our customers digital reach and identity. Our focus is the U.S. and European markets.
b. Description of the products / services you sell:
i. Short description of each service / product
ii. Price or Fee schedule
iii. Delivery / shipping information
iv. Refund policy
c. Complete contact information of the U.S. company:
i. Full legal name
ii. U.S. address
iii. Email
iv. U.S. phone number (please use https://www.textnow.com/ app to get a free U.S. number)
d. Owners and team member information:
i. Short bio
ii. Experience and education
iii. Links to social media accounts: Linkedin, FB, Instagram…
e. Privacy policy
f. Contact us page – with the U.S. company complete contact information.
About the Bank
Category
Online Bank Account
About
*** offers FDIC-insured accounts, virtual & physical debit cards, currency exchange, domestic, and international wires.
Reviews
How to Apply:
Table of Contents
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SIGN UP
COMPANY NAME
CALLSIGN
RESTRICTED BUSINESSES
PATRIOT ACT DISCOLUSRE
COMPANY PROFILE
FOUNDERS INFORMATION
COMPANY U.S. ADDRESS.
FORMATION DOCUMENTS
EIN
REVIEW APPLICATION
Y O U A R E D O N E
ACCOUNT SET UP & SECURITY
SIGN UP
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Please open this link mercury.com/partner/taxusa
and;
Enter your first and last name
Your email address and password
And press on Create account
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after you do that, check your email address and look for the confirmation email to verify your email>
please send me screen shot of each screen you see BEFORE you submit it. Ok?
COMPANY NAME
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Enter your company name, exactly as it is shown on your Articles of Organization or Articles of Incorporation Then select your roll/position in the company from one of the options in the drop down menu:
I am the founder
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CALLSIGN
This is your banking URL for adding team members to access the account. You can keep the one that the system suggests for you, or modify it as per your preference:
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Once you are done, please click LOOKS GOOD
RESTRICTED BUSINESSES
If your company does not match any of the items in the list just click 'Next'. If you select one of the items from the list, your account me not be approved for opening.
if nothing applies, just click next without selecting anything!
Do not select any item and : click Next
PATRIOT ACT DISCLOSURE
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Read and once you agree to it, click 'Ok. Let's Go'
Click 'Ok. Let's Go'
COMPANY PROFILE
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Click on Start your company profile or simply scroll down to step 1
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MORE ON COMPANY PROFILE
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1. Company name : Enter your company name, exactly as it is shown on your Articles of Organization or Articles of Incorporation and your EIN confirmation letter
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2. Your business website:
Website in English to show the bank your company. The bank will conduct due diligence on the company and the owners. For that we need:
a. Description of your company
b. Description of the products / services you sell
c. Descriptions of existing or Potential U.S. customers (who are they, businesses, individuals, which industry…)
d. Descriptions of existing or Potential U.S. suppliers (who are they, businesses, individuals, which industry…)
e. Description of your U.S. marketing activities
f. Links to your social media accounts: Linkedin…
3. Business description:
Make sure business description is clear and describes your services or products. It’s important to show the bank that you are planning to market your products or services to U.S. customers, or already have U.S. customers.
Additional questions you may be asked:
Describe your account:
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SAMPLE REPLY:
The account will be used to get paid by our U.S. customers and e-commerce channels and also pay our U.S. suppliers for: products purchases, warehousing, shipping, advertising, marketing, insurance, professional services, payroll and more.
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What is your company's main source of revenue or funding?
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SAMPLE REPLY:
Main source of revenue will come from our U.S. sales / income (estimated at $20,000-$50,000 per month). initial funding will be made by the founder from the saving account.
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What suppliers or vendors do you primarily work with?
Please name few of your vendors, especially U.S. vendors.
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How do you normally receive payments from your customers, and what transactions do you expect to flow through this account?
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SAMPLE REPLY:
We normally get paid via bank wires and checks. We expect that payment from customers will flow in to the account, ranging $20,000-$50,000 per month and payment to suppliers will go out of the account ranging $10,000 - $20,000 per month. We are in the process of setting up merchant accounts to get paid via credit / debit card.
How do you connect with clients:
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SAMPLE REPLY:
We use various online and offline marketing channels to retain customers, including: google ads, Facebook ads, professional groups on Facebook, newspapers, referrals from various professional firms, and more.
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What types of customers are you targeting?
Please name few of your customers, especially U.S. customers.
How many employees does your company have?
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SAMPLE REPLY:
We have Total of 5 employee, and looking to hire 2 more in the U.S. once the account is opened (so we will be able to pay wages)
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Can you tell us more about the specific product, items, or services you are selling?
Please name few of your products or services, especially your best selling products or services.
Do you have a US office, employees, customers, or investors?
SAMPLE REPLY:
We do have U.S. customers. Most of our sales are in the U.S. We are looking to hire 2 more in the U.S. once the account is opened (so we will be able to pay wages)
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Would you provide us with a "selfie" using the following link: https://withpersona.com/verify?template-id=tmpl_UYqrz5HLnevjK96KhfkGSCJA
PLEASE TAKE A SELFIE USING YOUR PHONE.
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4. Legal business name: Enter your company name, exactly as it is shown on your Articles of Organization or Articles of Incorporation and your EIN confirmation letter
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5. major investors : LEAVE BLANK
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6. Then you need to check the option if 'My company is involved in cryptocurrency
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FOUNDERS INFORMATION
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1. Enter Founder's information:
a. First name
b. Last name
c. Email
d. Job title
e. % of ownership
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FOUNDERS INFORMATION
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Click 'Continue' and enter:
- Citizenships status
o If you are a non-US-resident, select the last option; Non Resident
- Phone number : USE YOUR MOBILE
- Form of ID : Passport
- Your Home address
- Check the option if this applies to you: Have you or any persons associated with you ever held a political office in a foreign country?
1. Send us scanned copy of your passport:
a. Scan it using a real scanner
b. Don't take cell phone photo of it
c. Make sure it is flat
d. Make sure all text is clear and not blurry
COMPANY U.S. ADDRESS
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Enter your U.S. mailing address, resident agent address or your real office address in the U.S.
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Get a Free U.S. Phone Number:
If you want a U.S. number that can receive SMS, Install: textnow app
https://www.textnow.com/downloads
Click 'Next'
Business Names (Doing Business As / DBA)
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Enter any trade name or doing business as (DBA) name you are using for your business (if applicable)
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Click 'Next'
Formation Documents
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1. Select company type from the list in the drop down menu
2. Select the document type you will be uploading
3. Upload one of the following documents:
Articles of Incorporation / Organization, Business License, Certificate of Limited Partnership, Letters Testamentary, Partnership Agreement
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If LLC:
Company type = Limited Liability Company
Document type - Articles of Organization
Upload the articles of organization signed by the state
if Corporation:
Company type = C. Corporation
Document type - Articles of Incorporation
Upload the articles of incorporationsigned by the state
Click 'Next'
EIN ​
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Upload one of the following documents: EIN Confirmation letter
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Click 'Next'
REVIEW APPLICATION
You're Almost done!
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Review your company and team profile
Click ' Agree and Submit Company Profile'
Y O U A R E D O N E !
You're Almost done!
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When will my account be active?
Reviewing your application can take up to three business days. We’ll send you a confirmation email as soon as your account is approved.
Click on 'Lets Go'
ACCOUNT SET UP & SECURITY
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Next is setting up your account security
AUTHY APP​
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Install AUTHY app: https://authy.com/
After you install the app on your cell phone, you will be asked to set up an account with your email and cell phone number and verify it using a 6 digits code
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ADD ACCOUNTS
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Click on ADD ACCOUNTS and scan the bar code on your screen
You will then receive another 6 digits code to enter in Step 3 of the security set up screen. Once done you will receive backup code, which you should copy and paste to keep in a secured location:
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Good job!
Now, you can set up your team members
Click on existing member or + to add new one.
NEXT STEP​
Now – you can start the next step (which is setting up account security and setting up the debit card), or wait for the bank to review your application first.
to set up account security - you will have to Install AUTHY app: https://authy.com/
If you don’t wish to set up new member, click on 'Next'
And you will goto the DEBIT CARD set up screen
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Enable the debit card
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Make sure the shipping address is correct
Click on 'Next'
YOU ARE DONE!!!!
Now, wait for the bank to review your application.
Click 'Next'
Hello Founder... To get full access to this guide and all other amazing features of Company {3.0}, please sign up or complete your registration @your dashboard
Guaranteed Bank Account Service
We will prepare your business for the bank's due diligence requirements. Unlimited live sessions with our banking experts until you get approved by the bank and your account is opened!
âœâœâœâœâœ (5.0 / 5.0)
Great Service. Way above all other alternatives. Perfect match to founders like us :)
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All other platforms just link you to the bank's website so you can apply on your own. The team at 3PointO.co makes sure you get approved! They were amazing, patient and professional.
Adam & Monique Lhuillier (Canada)
Date of experience: September 05, 2022
