Proficient in the US financial regulatory system, we provide compliant and efficient bank account opening solutions for businesses

As the world's largest economy, the United States has the strictest financial regulatory system in the world. Under the Patriot Act and the Bank Secrecy Act (BSA) framework, Bank of America is extremely cautious in reviewing account opening applications from overseas companies and individuals.

In 2024, Bank of America's rejection rate for overseas corporate account opening applications reached 42%, an increase of 15 percentage points from five years ago. Non US entities facing the following obstacles when opening accounts in the United States: 🛡️ Strict regulatory review: Banks must comply with multiple regulatory requirements such as KYC, CDD, and Beneficial Owner Identification (BO) 📝 ● Tax compliance complexity: The US Internal Revenue Service (IRS) requires filling out multiple tax forms (such as W-8BEN, W-8BEN-E) 🌎 Obvious geographical restrictions: Most local banks only serve local customers, and there are limited banks willing to open accounts for overseas companies 🚫 Strict industry restrictions: It is almost impossible to open an account in industries such as cryptocurrency, marijuana, and adult entertainment

🏢 Key points of enterprise account audit 📄 ● Company qualification documents: registration certificate, articles of association EIN、 Good certificate of existence, etc 👥 Disclosure of Ownership Structure: Disclose shareholders holding more than 25% of the shares and ultimate beneficiaries 💼 ● Business activity description: Clearly define the nature of the business, main trading regions, scale and frequency of fund transactions 📊 Proof of Business Authenticity: Contracts, Invoices, Company Websites, Marketing Materials, etc

👤 Key points of personal account review 🆔 ● Proof of identity: passport, visa, US driver's license, or state ID card 🏠 Proof of Address: Priority given to US addresses, some banks accept overseas addresses but have stricter verification processes 🔢 SSN/ITIN: Most banks require the provision of 💳 Credit history: US credit history affects account permissions

• Unable to obtain EIN or provide certification documents • Vague business description, lack of actual connection with the United States • High industry risk (restricted countries, virtual currencies, etc.) • No physical office or assets in the United States • Complex shareholder structure or involvement of politically sensitive individuals

🎯 Accurate bank matching and strategic planning 🏦 Bank recommendation: Citibank and HSBC are suitable for multinational corporations; Silicon Valley Bank Service Technology Startup; Huamei Bank specializes in cross-border business between China and the United States 📋 Customized solutions: Provide differentiated strategies for different types of enterprises (newly established, already operational, special industries) 🔑 EIN Application Assistance: Acting as a US Employer Identification Number agent for overseas companies to solve core account opening difficulties

📝 Material preparation and compliance optimization • Provide personalized document lists and templates • Assist in optimizing business plans and descriptions to meet Bank of America preferences • Guide in preparing actual business proof documents such as contracts and invoices • Assist in filling out tax forms (such as W-8BEN-E) to ensure compliance

💬 Interview coaching and communication support • Simulated bank Q&A, preparing high-frequency questions such as funding sources and business models • Providing bilingual support in Chinese and English and guidance on US business communication • Cultural differences coaching to avoid misunderstandings leading to rejection

🔄 Account maintenance and compliance follow-up • Guidance on completing initial deposit and online banking settings • Provide compliance advice on account usage to avoid triggering risk control • Regular reminder information updates and tax form submissions to ensure long-term account validity

⏱️ Overall cycle: Completed within 3-6 weeks, much faster than companies applying on their own

one ️⃣ Preliminary assessment (1-2 days): Understand the company structure and account opening requirements ️⃣ Plan development (1 day): Recommend the most suitable bank and account type 3 ️⃣ Document preparation (5-10 days): guidance on document completion and EIN application 4 ️⃣ Application submission (1-3 days): Submit to the bank and follow up on the initial review for 5 days ️⃣ Interview coaching (if needed): simulated Q&A and language guidance 6 ️⃣ Account activation (1-2 days): Complete account opening and activation settings

✅ Professional qualification guarantee: Proficient in financial regulations such as BSA/AML in the United States ✅ Rich case accumulation: covering multiple industries and architecture clients ✅ EIN application expertise: Addressing core pain points for overseas enterprises ✅ High success rate guarantee: optimizing materials based on deep audit logic ✅ One stop service: comprehensive support for account opening, compliance, and taxation ✅ Collaboration between China and the United States: Efficient Response Across Time Zones

According to the Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department, starting from 2025, some companies are required to report beneficial owner information within 90 days of their establishment. Our service already includes relevant compliance guidance to ensure the long-term security and stability of the account.

✨ Leave professional matters to professionals. Let us pave the way for you to enter the US financial market with our rich experience and professional strength.

Hongyuan International | One stop Service Expert for Enterprises Going Global

H & Y  INTERNATIONAL 

core business

✅ Overseas company registration (Hong Kong, Singapore, etc.)

✅ Overseas bank account opening and secretarial services

✅ International tax planning and cross-border financial and tax services

✅ Overseas architecture design and overseas investment filing

✅ Global Intellectual Property and Identity Planning

Service Advantages

-Professional integrity and efficiency: With over 15 years of industry experience, we focus on the global development of enterprises

-One stop solution: from registration to architecture, finance and taxation, identity, covering the entire process

-Butler style customized service: one-on-one professional consultant, tailored overseas plan

-Word of mouth guarantee: helping enterprises expand steadily and win industry trust

Service Advantages

📞 Hotline: 400 118 5939 138 2880 5818 (same as WeChat for mobile phones)

🌐 Service philosophy: Professional planning, efficient execution, helping enterprises set sail globally!