U.S. Bank Account Options for Foreign Sellers
A U.S. Bank account will save you money when it comes to remitting U.S. sales tax. Are you able to do Business in the U.S. without a U.S. bank account? You absolutely can do Business without a U.S. bank account, but it will cost you more in fees without one.
Most use Payoneer (or similar options) to move their money from Amazon back to their home country, saving approximately 50% in fees. However, this does not provide a U.S. business debit card or the ability to do an ACH pull.

The Steps to Open a U.S. Bank Account are Changing. We are here to help.
Foreign sellers need to set up several additional steps to have success when selling in the U.S.
As a foreign seller on an e-commerce platform such as Amazon, it is your responsibility to collect and remit sales tax in the states where you have nexus.
Because of marketplace nexus, Amazon is collecting and remitting in 43 of the 44 marketplace nexus states. This leaves three states you may have sale tax nexus and need to collect and remit sales tax, plus three others that require registration even if the marketplace is collecting and remitting (as of January 2021).
To collect and remit, one is to remit or give the sales tax you collect back to the state and file a state sales tax return.
There are several sales tax remitting companies that have software to automate this process. BUT for them to automate the process, you MUST have a U.S. bank account for an ACH (automatic withdrawal). If you do not have a U.S. bank account, you will have to manually file your own sales tax returns or work with a company or tax firm that allows you to wire your sales tax and file on your behalf.
The unfortunate challenge with these companies is that you will end up paying DOUBLE the fees to file a sales tax return.
Since profits are the key to any business, having a U.S. bank account for your business will save filing fees each month. This is especially important for Shopify sellers who may need to register in up to 45 states where they cross economic nexus.
Sales Tax Remitting Costs without a U.S. Bank Account
Here is the math for Shopify Sellers. Most remitting companies charge between $20 to $30 to file a sales tax return per state when they do an ACH pull from your U.S. bank account. If you do not have a U.S. bank account, the filing will not be automatic, and it requires a manual process that costs more. The cost per return without a U.S. bank account will range from $50 to $100 per return. Let’s use a spread of $30 per state ($20 vs. $50 per return). That is $30 X (the number of states with nexus) x reporting frequency per year. The other cost that is involved if you are behind on sales tax, is to pull your data from the past. Our partners have the best solutions for organizing your past data.
Travel is Usually Required, BUT Now We have an Option Without Travel when You Form a U.S. Entity*
[New] U.S. Banking (Non-Travel Option)
After you get started, you will receive a welcome email with a link to fill out your details for your new bank account, and our team will set up the account on your behalf.
Go to the link to get started. Our sister company, NCP, will be providing support and service.
Questions on our process to open a U.S. bank account? Reach out to our team via email at [email protected]