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.

Wise vs Traditional Banks for LLC

Choosing between Wise Business and Wells Fargo is a critical decision for your Wyoming LLC. As a non-US resident, you need a bank that understands international founders and offers the features your business requires. Wise Business is an established banking institution that International businesses, e-commerce sellers, and businesses with global clients. Wells Fargo, on the other hand, Businesses needing in-person service and business lending. Both banks serve Wyoming LLCs, but their approaches and requirements differ significantly. Before opening an account, ensure you have completed your US banking guide and obtained an compliance requirements.

Wise Business vs Wells Fargo: Feature Comparison

Feature	Wise Business	Wells Fargo
Monthly Fee	$0 (One-time $31 setup)	$10 (waivable)
Minimum Deposit	$0	$25
ATM Access	Wise Card available	12,000+ ATMs
Approval Time	2-5 business days	1-2 weeks
Best For	International businesses, e-commerce sellers, and businesses with global clients	Businesses needing in-person service and business lending
Virtual Cards	No	No
API Access	No	No
International Transfers	Yes	Limited

*Fees and features subject to change. Verify current terms on each bank's website before applying.

Requirements for Non-Residents

Both banks require specific documentation for non-resident Wyoming LLC owners. Having these prepared will speed up your application:

✓US LLC Formation: Your Wyoming LLC must be fully formed with Stripe account completed.
✓EIN (Employer Identification Number): Required for all US business bank accounts. We can help you obtain an EIN as a non-resident.
✓Valid Passport: International passport for identity verification.
✓US Business Address: A legitimate US address for your LLC.
✓Operating Agreement: Your LLC's operating agreement showing ownership structure.
✓Business Description: Clear explanation of your business activities.

How to Apply for Either Account

Form Your Wyoming LLC

First, form your Wyoming LLC with a registered agent service.

Obtain Your EIN

Apply for an EIN without an SSN.

Gather Documentation

Collect your passport, LLC formation documents, operating agreement, EIN confirmation, and proof of address.

Complete Online Application

Visit the bank's website and complete their online application. Upload all required documents clearly.

Verification and Approval

Wait for verification. Wise Business typically takes 2-5 business days, while Wells Fargo takes 1-2 weeks.

Fund Your Account

Once approved, fund your account with the minimum deposit and start banking.

Pros and Cons Comparison

Wise Business Pros

Multi-currency holding
Local bank details in 9+ countries
Real exchange rates
Low international fees
Available in 160+ countries

Wise Business Cons

Not a full US bank
Limited US banking features
No check writing
No cash deposits
Setup fee applies

Wells Fargo Pros

Lower monthly fees
Cash handling services
Business lending options
Established reputation
Nationwide presence

Wells Fargo Cons

History of compliance issues
Difficult for non-residents
Limited online-only options
Minimum deposit required
SSN generally required

Our Recommendation for Non-Residents

Choose the bank that aligns with your business needs

For most non-resident Wyoming LLC owners, we recommend Wells Fargo as the primary choice because digital banks are more accommodating to international founders without US residency. Wells Fargo offers Businesses needing in-person service and business lending.

Consider your banking requirements, transaction volumes, and whether you need payment processing integrations.

Frequently Asked Questions

Which is better for non-residents: Wise Business or Wells Fargo?

For non-residents with a Wyoming LLC, Wise Business is generally better established while Wells Fargo offers Business Online and Mobile Deposit. Both require an EIN and US LLC.

Can I open Wise Business or Wells Fargo without an SSN?

Yes, both Wise Business and Wells Fargo accept applications from non-residents with an ITIN or just passport + EIN for most digital banks. Traditional banks may require an SSN.

What are the fees for Wise Business vs Wells Fargo?

Wise Business charges $0 (One-time $31 setup) monthly with $0 minimum deposit. Wells Fargo charges $10 (waivable) with $25 minimum.

How long does approval take for each?

Wise Business typically takes 2-5 business days, while Wells Fargo takes 1-2 weeks. Digital banks are generally faster than traditional banks.