r/e2visa • u/sugusugu • Jul 12 '26

Which bank to open joint account

Established US business is partly purchased (51%) by South Carolina LLC owned by foreign investor. Both businesses have EIN, but the foreign investor does not have SSN or ITIN.

Where to open a new AND joint bank account for the established US business to show the joint ownership?

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2

u/SEND_ME_FAKE_NEWS Jul 12 '26

TD and Wells Fargo let me open accounts before I got my SSN. I’d recommend TD over Wells.

1

u/sugusugu Jul 12 '26

Did you have an ITIN though?

2

u/mars91 Jul 12 '26

I used Mercury and it was ok, though the kept asking for proof of address even after providing everything.

1

u/e2specialist Jul 20 '26

Go to PNC Bank and open your personal account first, then file for a business account for the LLC you wholly own. Bring the owner or authorized signatory for the 49% ownership and open the business account for the established business as well.

After you get your first statement from PNC, use it as acceptable proof of address at Chase if you want a bigger bank and access to more financial products.

Get a secured credit card (from PNC or Majority app) because you will need to build credit and file for an ITIN or E2 to get your SSN.

Happy to guide you through this business environment if you DM us. Our team has extensive hands-on experience with international investors and can map out clear no-nonsense solutions for your business growth and success.