Independent Comparison · Updated 2026
Best US Business Bank Accounts for Non-Residents
Opening a US business bank account remotely is possible — if you choose the right bank. We compared Novo, Relay, and Wise on fees, FDIC insurance, international transfers, and ease of application for foreign-owned LLCs.
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Quick Pick — Which One Is Right for You?
Novo
Monthly Fee
$0/month
FDIC Insured
Yes
Non-Resident
Yes
Transfers
USD focused
Powerfully simple business banking with no hidden fees. Fully remote application, integrates with Stripe, Shopify, and QuickBooks — built for small business owners.
Pros
- ✓No monthly fees, no hidden fees
- ✓Fully remote application
- ✓Accepts foreign passport
- ✓Integrates with Stripe, Shopify, QuickBooks
Cons
- –USD focused — limited international transfers
- –Best paired with Wise for multi-currency needs
Relay
Monthly Fee
$0 (Pro: $30/mo)
FDIC Insured
Yes
Non-Resident
Yes
Transfers
USD focused
Open up to 20 checking accounts under one business. Perfect for separating taxes, payroll, and operating expenses.
Pros
- ✓Up to 20 sub-accounts
- ✓Great cash flow management
- ✓No fees on standard plan
- ✓FDIC insured
Cons
- –Limited international wires
- –Best paired with Wise for international transfers
Wise Business
Monthly Fee
$0 basic
FDIC Insured
No
Non-Resident
Yes
Transfers
40+ currencies
Hold, send, and receive money in 40+ currencies at real exchange rates. Ideal for businesses with international clients.
Pros
- ✓40+ currencies supported
- ✓Real exchange rates
- ✓Low transparent fees
- ✓Physical + virtual cards
Cons
- –Not FDIC insured
- –Not a full US bank account
Need help getting your EIN first?
All three banks require an EIN. Our guide walks you through the exact process for non-residents — no SSN required.
Get the EIN Guide →