Top Business Banks for LLCs in Recent Times: Features, Fees & How to Apply

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Top Business Banks for LLCs in 2025: Features, Fees & How to Apply

A guide to choosing the best banking partner for your U.S.-based LLC

As a business owner—especially one operating an LLC in the U.S.—your choice of business bank account is a critical decision. It affects how you receive payments, manage finances, and grow your company. In 2025, several banks and fintech platforms have emerged as popular choices for LLCs, especially those operated by non-residents, e-commerce sellers, freelancers, and digital entrepreneurs.

This blog walks you through the top business banks for LLCs in 2025, what they offer, how they compare, and how to apply.

💡 Why Choosing the Right Bank Matters for LLCs

Opening a business bank account is not just about separating personal and business finances. It impacts:

  • Your ability to get paid by platforms like Amazon, Walmart, Stripe, or PayPal

  • Tracking expenses for tax filing and bookkeeping

  • Building business credit

  • Accessing financing or loans in the future

Different banks offer different features. Some focus on startups, while others cater to e-commerce, international founders, or freelancers.

🏦 1. Mercury – Best for Tech Startups & Digital Entrepreneurs

Overview: Mercury is a modern, U.S.-based fintech designed for LLCs, especially those owned by international founders.

Key Features:

  • No monthly fees or minimum balance

  • Free ACH transfers and virtual cards

  • Integrated with Stripe, Shopify, Amazon, etc.

  • Mobile and desktop-friendly

  • Access to venture debt for scaling startups

Pros:

  • Accepts non-resident founders

  • Quick and remote setup

  • Clean interface and business tools

Cons:

  • Not ideal for cash-heavy businesses

  • Does not offer personal banking

How to Apply:

  • Register a U.S. LLC and obtain an EIN

  • Submit your formation docs, passport, and business plan

  • Approval in 1–5 business days (no physical visit needed)

Perfect for SaaS, agencies, freelancers, and international digital businesses.

💰 2. Relay – Best for Growing LLCs with Multiple Users

Overview: Relay is built for teams. If your LLC has partners, employees, or bookkeepers, Relay helps you manage roles, permissions, and financial workflows.

Key Features:

  • Create up to 20 checking accounts

  • Multiple debit cards per team member

  • Free ACH transfers and bill pay

  • Real-time cash flow tracking

Pros:

  • Great for LLCs with teams

  • User permission control

  • No hidden fees

Cons:

  • Still expanding integration support

  • Slight learning curve for first-time users

How to Apply:

  • LLC documents, EIN, U.S. business address

  • Passport or government ID

  • Approval typically within 3 business days

Recommended for agencies, service businesses, and remote teams.

🌍 3. Payoneer – Best for International Amazon & Marketplace Sellers

Overview: Payoneer is a global payment platform used by Amazon sellers, freelancers, and businesses working across borders.

Key Features:

  • Receive funds in USD, EUR, GBP, etc.

  • Local bank details in multiple countries

  • Withdraw to your local bank

  • Connects with Amazon, Walmart, Fiverr, Upwork

Pros:

  • No U.S. visit required

  • Supports over 190 countries

  • Easy currency conversion

Cons:

  • Fees on foreign exchange and withdrawals

  • Limited functionality for U.S.-only operations

How to Apply:

  • Sign up online with your LLC name and EIN

  • Upload passport, business details

  • Approval within 1–2 days

Ideal for e-commerce, dropshipping, and international freelancers.

💳 4. Wise (formerly TransferWise) – Best for Global Transfers

Overview: Wise offers business accounts for U.S. LLCs that need to pay or receive money in multiple currencies with minimal fees.

Key Features:

  • Hold and convert 50+ currencies

  • Local account details in USD, GBP, EUR, AUD, etc.

  • Low FX fees and transparent pricing

Pros:

  • Perfect for international transfers

  • Quick setup from anywhere

  • Trusted by millions globally

Cons:

  • Not a full-featured U.S. bank

  • No checks or cash deposit support

How to Apply:

  • Register your LLC and get an EIN

  • Apply online with passport and business proof

  • Instant or next-day account activation

Useful for agencies, freelancers, and cross-border consultants.

🧠 How to Choose the Right Bank for Your LLC

Here’s how to decide which one suits your needs:

  • Starting out or scaling globally? → Mercury or Wise

  • Running a team-based LLC? → Relay

  • Selling on Amazon or freelancing abroad? → Payoneer

  • Need to transfer internationally often? → Wise

📋 What You Need to Apply for Any U.S. Business Bank Account

Before you apply, make sure you have:

  1. A registered U.S. LLC (state-formed company)

  2. EIN (Employer Identification Number) from the IRS

  3. Company formation documents

  4. U.S. mailing address (virtual address is okay)

  5. Your passport or ID for KYC verification

  6. Optional: Operating agreement, website, business plan

Don’t have these yet? iFiler helps non-residents form LLCs and get everything you need to apply.

🤝 How iFiler Can Help

We make it easy for entrepreneurs—especially international ones—to open a U.S. business bank account by:

  • Forming your U.S. LLC in Delaware, Wyoming, or Texas

  • Getting your EIN without needing an SSN

  • Providing a U.S. address & mail forwarding

  • Assisting with applications to Mercury, Payoneer, Relay, and Wise

Whether you’re new to business or scaling up, we’ll help you open your U.S. business account with clarity and confidence.

✅ Final Thoughts

Choosing the right business bank account in 2025 is about more than just storing money—it’s about streamlining operations, getting paid faster, and supporting your LLC’s growth.

Need help setting up your LLC or opening a business bank account?
Let iFiler guide you every step of the way.

 

🔗 Visit iFiler.us to launch your U.S. company and unlock global banking access—wherever you are.