On the back of the recent USD account discussion, I’m wondering if anyone has any experience opening a business account in the US? It seems to be relatively easy to do for a personal account, but Well Fargo and Citi have both said that the business would need to have a presence in the US to open an account. HSBC haven’t got back to me.
Why? I’ve been noticing that a lot of payments to my Stripe account are being blocked by banks because it is an international payment. It only takes the client a quick call to their bank to clear the payment, but it really isn’t something I want clients to have to do. A US based account would not be “international” and therefore (presumably) not run into that issue.