Established banking options - What non-residents need to know
Wells Fargo is one of the largest US banking institutions offering comprehensive business services. For non-resident Wyoming LLC owners, Wells Fargo represents the traditional banking option with established credibility but stricter requirements. While Wells Fargo does accept non-resident applications, you will need to navigate rigorous documentation including US address, EIN, and often SSN or ITIN.
Before approaching Wells Fargo, ensure your Wyoming LLC is fully formed and you have obtained an EIN from the IRS.
| Feature | Wells Fargo | Digital Banks |
|---|---|---|
| Monthly Fee | $10 (waivable) | Usually $0 |
| Minimum Deposit | $25 | $0 |
| Branch Access | Yes - Nationwide | Online only |
| Non-Resident Friendly | Limited | Yes |
Form your Wyoming LLC through a registered agent service.
Apply for an EIN without SSN.
Call Wells Fargo business banking to find branches experienced with international clients.
Provide all documentation including passport, LLC papers, and EIN letter.
| Feature | Wells Fargo | Bank of America |
|---|---|---|
| Monthly fee | $10 (waivable) | $16 (waivable) |
| Balance to waive fee | $500 minimum | $5,000 minimum |
| Branch network | 4,700+ branches | 3,800+ branches |
| ITIN accepted | Yes | Yes |
| Non-resident friendly | Moderate — branch visit required | Moderate — branch visit required |
| Best for | Widest branch access, lower waiver bar | Existing Bank of America customers |
Fees and balance thresholds are the banks’ published figures for entry-level business checking and change without notice. Both require a branch visit to open, which is the deciding factor for most non-residents rather than the fee difference.
For most non-resident Wyoming LLC owners, we recommend starting with a digital bank like Mercury or Wise Business rather than Wells Fargo. Digital banks offer faster approval and no SSN requirements. Once your business is established, you can then approach Wells Fargo for their premium services.
Yes, but Wells Fargo has strict requirements including US LLC, EIN, US address, and often SSN/ITIN.
Wells Fargo requires $25 to open, with monthly fees of $10 (waivable).