Hello everyone,
Sorry to bother as this might have been posted a hundred times before. I (3rd world asian country citizen) have a Delaware llc for day-trading in IBKR and looking for a physical bank account for my llc. I've looked for the options available but all of them require physical presence in the USA. Is there any reliable way to get this done remotely in a good bank? Please don't suggest emis.
If it isn't mandatory to have a physical bank I would try Mercury Bank which open accounts for people and businesses in your situation.
Thank you for your suggestion. But I do need a physical bank in my case.
Also, there was a thread way back before I setup this structure where I was advised not to use mercury as a lot of them were complaining that their money got stuck for weird reasons.
Also, ibkr/tradestation are often rejecting inward/outward transactions from emi.
So you will have a real problem, as an foreigner is it almost impossible to get a bank account with a street bank unless you are going there in person and open the account.
Mercury bank has excellent reviews, what you have read about may be shady people who cry when they get caught!
You can find plenty of threads around here as well as a guy @startfleetio that was active some time ago that claim they can open street bank accounts, but in 99% of the cases they say you will have to go there to get it done, can you do that?
in 99% of the cases they say you will have to go there to get it done, can you do that?
Yes but not anytime soon. The nearest I can think of traveling to USA is 2nd quarter of 2023. In this case I can even consider registering a new LLC for trading.
Since I'm a full time trader and this is my only source of income, I'll have to do the necessary things in order to keep the business running.
The generic reason - my company is in usa and the trading account is in ibkr-us
That the company is in the US, says nothing. A lot of banks around the world accept LLCs. As for IBKR US , I dont know if they would accept incomings outgoings from foreign based banks, although I dont know of a reason why the wouldnt.
Eversince ibkr was fined $15 million, they've complicated the deposits and withdrawals. They often reject transactions. The same reason I hesitate from using bankera.
Eversince ibkr was fined $15 million, they've complicated the deposits and withdrawals. They often reject transactions. The same reason I hesitate from using bankera.
