Starup Business - Which is the most appropriate bank?
We are a startup business focusing on internet/ outsourcing. We are working on registering our company in US and getting EIN.
All of our company owners resides outside US. Can someone help us to find a US bank which would allow us to open an account? None of us holds a US visa to travel to US to open an account. We heard about Silicon Valley Bank. Is that a good option?
Also, how can we transfer funds between accounts in US and our home country?
Why do you need to open an account in an US bank, when you can probably achieve the same result by opening an account in an Indian based bank that has an agency/branches in the US or a large multinational that has branches in India.
You need to figure out which type of transactions do you expect to flow through your account and sit down with a banker to see how they would be resolved. How do you expect your customers to pay? Who do you expect to pay and how?
I think HSBC and Citibank have large presences in India, try those two as well as whichever Indian bank is the largest with presence in the US.
Thanks for your suggestions. We will explore the options with Citi/ HSBC..
Originally Posted by loanuniverse
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