How long does it take to form a Wyoming LLC?

Standard processing takes 3-5 business days. Expedited filing is available for 24-hour processing.

Do I need a US address to form an LLC?

No, you can use a registered agent service that provides a Wyoming address. This is included in most formation packages.

Can I open a US bank account without visiting?

Yes, many non-residents open online business bank accounts with Mercury, Relay, or Wise without visiting the US.

What are the annual fees for a Wyoming LLC?

Wyoming requires a $60-100 annual report fee and approximately $25-50 for registered agent service.

Is Wyoming LLC good for non-residents?

Yes, Wyoming offers the best combination of privacy, asset protection, low fees, and no state tax for non-resident LLC owners.

Bank of America LLC Requirements

Large bank requirements - What non-residents need to know

Bank of America is one of the largest US banking institutions offering comprehensive business services. For non-resident Wyoming LLC owners, Bank of America represents the traditional banking option with established credibility but stricter requirements. While Bank of America does accept non-resident applications, you will need to navigate rigorous documentation including US address, EIN, and often SSN or ITIN.

Before approaching Bank of America, ensure your Wyoming LLC is fully formed and you have obtained an EIN from the IRS.

Bank of America vs Digital Alternatives

Feature	Bank of America	Digital Banks
Monthly Fee	$16 (waivable)	Usually $0
Minimum Deposit	$0	$0
Branch Access	Yes - Nationwide	Online only
Non-Resident Friendly	Limited	Yes

Bank of America Requirements

✓Wyoming LLC: Complete formation with registered agent.
✓EIN: Required tax ID from the IRS.
✓US Physical Address: Must be a real US address.
⚠SSN or ITIN: Often required for traditional banks.
✓Operating Agreement: Signed LLC operating agreement.

How to Apply to Bank of America

Complete LLC Formation

Form your Wyoming LLC through a registered agent service.

Obtain EIN

Apply for an EIN without SSN.

Contact Branch

Call Bank of America business banking to find branches experienced with international clients.

Submit Application

Provide all documentation including passport, LLC papers, and EIN letter.

Bank of America Pros

• Cash flow management tools
• Cash back on debit purchases
• Preferred rewards program
• Extensive ATM network
• Relationship banking

Bank of America Cons for Non-Residents

• Monthly maintenance fees
• Strict requirements for non-residents
• High minimums to waive fees
• Complex fee structure
• Limited weekend support

Our Verdict

For most non-resident Wyoming LLC owners, we recommend starting with a digital bank like Mercury or Wise Business rather than Bank of America. Digital banks offer faster approval and no SSN requirements. Once your business is established, you can then approach Bank of America for their premium services.

FAQ

Can non-residents open Bank of America accounts?

Yes, but Bank of America has strict requirements including US LLC, EIN, US address, and often SSN/ITIN.

What is the minimum deposit?

Bank of America requires $0 to open, with monthly fees of $16 (waivable).