I Ranked Every U.S. Bank Account (What’s ACTUALLY Good)

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If you're a non-resident looking for the best US bank account, then you're in luck! In this video, I'll be ranking and reviewing different bank accounts to help you find the right option for your needs.

I'll cover the pros and cons of each to help you make an informed decision. This video will guide you in finding the best bank account for your financial journey. Don't miss out on this helpful guide!

Would you like to learn our 3 step strategy for owning and operating a US Company? Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
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Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.

-----Longer videos that explain it all!

-----Guides and How tos

-----And don’t forget to check out all of the “CALLS WITH JIM”

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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.

Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.

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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

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Amazing video! If you are a foreign, having multiple accounts is mandatory. The risk of one bank close the account exist, and is better to have a plan B or C.

andrescv

Thank you James and a special thanks Joshua from your team, straight to point help, all the best

GlitchIAH

Thank you James for your top quality content as usual

pauldel

Great video! Your rankings of U.S. bank accounts are super helpful. Thanks for the insights!

LaurenBlosser

It’s interesting because the three major banks (Bank of America, Chase, Wells Fargo) all charge fees but it clearly states in their website how to avoid them. As such, it really depends on the individual or entrepreneur on where they like to open bank accounts.
Best advice is usually to avoid major banks unless you are a high earner or wanting to have a brick-and-mortar bank to interact with. The same could be said about fintech banking institutions since they are being heavily noncompliant with federal regulations. Best case scenario is to always know what you are getting into. 🤷🏼‍♀️

athencroft

You should make a video advising people tricks to get an itin number and not pay tax the next year. Most payment gateways are requesting for it instead. Soon online banks like mercury and relay too .

addetnancy

Hey James I really appreciate the value you are giving here for free, I just want to ask if I have a shopify dropshipping store which is registered in usa and i sell to usa but i live in uae which country do i have to pay taxes for and which country's lawys apply to my store ?

princeabab

Thanks for the info ! One question, you said if youre doing big business, Relay isnt for us. How big are we talking in terms of transactions. What is the limit in your opinion ? 100-200k $ a month or ? And what about Wise Business ? I heard that Wise currently canot opet accounts for US business. Is that true and is there any workaround to make it work ? Thanks in advance !

jasminbertic

Missing Wise and Airwallex.. maybe others? Revolut as well.. unless you consider them multi currency accounts!?

omarelmohri

What about the revolut and wise in this ranking?

el_vitalio

Is it relatively easy to open an account with Mercury being a US citizen and having a LLC, but living in Europe?

wepmo

Great video James. I am a disabled US veteran and I live overseas. I receive my disability pension in my US bank account. What bank do you recommend for transferring money out of the US? I currently have USAA and I must admit it is a bit of a nightmare.

xCriMsoN_

Hey james and everyone

If im a dual citizen ( not a us person) and i came to US with a passport and i have an LLC under another passport, according to you since an LLC doesn't have any effective income to US it doesn't have to pay US taxes, so that mean when im in the US i dont pay taxes even though as the founder i should pay but since i came to US with the passport that doesn't own the LLC technically the LLC still doesn't have a US income therefore it should not pay, Correct or am i wrong?

thanks

omarioYT

Bank of America treated us badly. We were struggling after an illness and got stuck in their overdraft scam. It's fine if you recover quickly, but we didn't. After making payments of 25.00 per month for a while to a P.0. box address, they changed the address!!! So, all of a sudden, our checks got returned, we fell into default and had to start that whole cycle over again. I would rank BOA as YIKES. Chase was was good, US bank isn't so great. I may try one of the online banks like Ally.

irCurts_Old_Gamer

Jaimes what bank account you recommend for 90% ecommerce 10% in person transactions, and for payrolls,
Im a canadian and we opening a business in texas this month, your channel is a big help i successfully open LLC and EIN with no sweat
Thank you

dtftoronto