Hello. I opened single member llc in US with Northwest. What option should i select in question about US operations? That i have operations or something else?
If you’re a single-member LLC in the U.S. with no physical location or operations other than managing your business remotely (e.g., online services or consulting), you should generally select “I do not have U.S. operations” for questions about U.S. operations on platforms like Mercury. This option aligns with the fact that you are managing your LLC remotely and not conducting business from a specific U.S. location. However, if you have a physical presence, employees, or significant activities in the U.S., you should choose “I have U.S. operations” to reflect that accurately. For personalized guidance, it's best to consult with your LLC service provider (Northwest) or a legal/tax professional to ensure compliance with your LLC’s setup and banking requirements.
Hey @doola can you elaborate on "business address that you can verify", how do you verify an address? If a non-resident is using a US relative's address, how can they verify, if there's no lease agreement, no utility bill ?? or how does Mercury's KYC team verify an address?
Great question! Mercury typically verifies an address using documents like a utility bill, lease agreement, or official correspondence tied to the address. If you're a non-resident using a relative's U.S. address without these documents, it might not meet Mercury's KYC requirements. In such cases, doola can help you secure a verified business address that works for opening a Mercury account.
I applied more than 20 times and was always rejected without giving any reason. I have asked many friends who have passed, but their submitted materials were not as prepared as mine. However, they passed, but mine failed, and they did not give me the reasons. I asked a friend to help me read it. I have all the information prepared. What should I do?
I understand how frustrating that experience can be. While we don’t have any control over Mercury’s terms or decision-making process, I’d recommend reaching out to their support team directly for more clarity on your application.
are USD transfare are really free? do they mean by that every transfare in USD is free or every transfare inside the USA is free? so could my business which is in the Germany send USD to my european personal bank account which allows me to recive USD?
Doola doesn’t sell Mercury Bank accounts, but we can help you set up a U.S. business, which is often required to open one. Once your LLC or corporation is established, you can apply directly through Mercury’s website. They specialize in banking for startups and small businesses, offering a smooth online experience. Make sure to check the video for guidance, but feel free to clarify if you have specific questions about the process.
Thank you. I’m collaborating with a law firm on US for our company, and actually make big payments for their services. Does that count as US operations? Or do I need to have contractors or other things to qualify for US activity? I don’t hire on US as it’s expensive but if needed I may need to hire someone from US to keep the account open.
Hey there, while significant payments to a U.S. law firm can count as part of your U.S. operations, employing contractors or representatives may further solidify your presence and compliance within the market. If you foresee needing to hire locally to maintain your account or meet regulatory requirements, it would be prudent to consider that option seriously. If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
For the individual who are forming LLC from outside US, will doola also provide the US based physical address and phone number of the LLC that might be used to sign up for mercury account?
Hey there. We do provide the Registered Agent's address ≠ physical address. The RA address is simply used for receiving mail. When registering for a Mercury acc, you need to provide the company's legal address (this is the RA's) and a physical address (where business activities are mainly conducted from and can be an international address). If you insist on having a US physical address, we recommend Virtual Post Mail. For a phone number you can use OpenPhone. If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
@@doolaHQ Thank you for your clarification. By the way, after I form a LLC for the first year what is the renewal process of doola for the second year. Do I have to take the entire starter package or could I just opt for necessary services like RA and State filing?
Opening a business account with Bank of America as a non-U.S. resident is feasible, it requires careful preparation of documentation and an in-person visit to a branch.
@@hizarhayat6627 Bank of America typically requires an in-person visit to a branch to open a business account, even for non-U.S. residents. Since there isn’t a branch in the Republic of Ireland, you might want to explore other banks that offer remote account opening options or consider virtual bank services that cater to international business owners. If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
9:30 this is a big deal most people want to have LLC just to accept payments online and they don't do any us operations, is there any solution for this?
That's a great point! If you're looking to set up an LLC mainly for accepting payments online without having any U.S. operations, there are definitely solutions available. One option is forming a U.S. LLC, which allows you to open a business bank account, like with Mercury, and start accepting payments. Even if you're not physically in the U.S., many platforms support international entrepreneurs, so you don't need a local presence to operate your business smoothly. It's important to ensure compliance with U.S. tax laws, but the process can be straightforward with the right guidance. If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
Hey there, for the transfer limits: Payoneer has a maximum transfer limit of $15,000 per transaction and allows for up to 30 withdrawals daily, with a limit of $5,000 per day. For SWIFT transfers, fees can vary, and processing may take several days. Mercury, on the other hand, offers free international wire transfers but charges a 1% foreign exchange fee. It's best to contact customer service for each company to get the most accurate and tailored information regarding your specific needs. 💛
@@erdemalidincer2820 Sorry to hear about the issues with your Mercury account! It sounds frustrating, especially after multiple applications. You might want to reach out to Mercury support directly to understand why the applications are being declined. In the meantime, Payoneer can still be a good alternative for transfers, and hopefully, you can get your Mercury account sorted soon.
We can help you acquire a physical address/utility bill (for an additional cost) through our partners at Virtual Post Mail. If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
If your Mercury application was declined, the best course of action is to contact Mercury's support team directly to inquire about the specific reasons for the decline. If you need more help, you can also schedule a free consultation with doola to explore other business banking solutions that might be a better fit for you. Here's the link to do that: doola.com/free-consultation. Let me know if you need anything else! 👽
Hey there, in order to form an LLC you would always need to pay the state's required filing fee. If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
While it's true you can't avoid state filing fees, doola can make the process simple and transparent! We help non-residents set up a U.S. LLC and get an EIN quickly, so you can focus on growing your business. Check us out here: www.doola.com/
Unfortunately no, without an LLC or similar legal entity, you cannot open a Mercury account. If you are considering starting a business in the U.S., you would need to establish an LLC first to meet the requirements for opening a Mercury account. If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
Thank you for sharing your experience! Mercury Bank has specific requirements for account approval, which can sometimes lead to rejections, especially for non-US residents or business structures that may not fully meet their criteria. If you're a Belgian citizen with an LLC in Texas, it's worth double-checking that all your documents, including your EIN, operating agreement, and proof of your business activity, are up to date. Additionally, you could try reaching out to Mercury support for more clarification on why your application was denied. Some users have had success by addressing any gaps or providing additional information. Hope this helps, and good luck!
Hello. I opened single member llc in US with Northwest. What option should i select in question about US operations? That i have operations or something else?
If you’re a single-member LLC in the U.S. with no physical location or operations other than managing your business remotely (e.g., online services or consulting), you should generally select “I do not have U.S. operations” for questions about U.S. operations on platforms like Mercury.
This option aligns with the fact that you are managing your LLC remotely and not conducting business from a specific U.S. location. However, if you have a physical presence, employees, or significant activities in the U.S., you should choose “I have U.S. operations” to reflect that accurately.
For personalized guidance, it's best to consult with your LLC service provider (Northwest) or a legal/tax professional to ensure compliance with your LLC’s setup and banking requirements.
Hey @doola can you elaborate on "business address that you can verify", how do you verify an address? If a non-resident is using a US relative's address, how can they verify, if there's no lease agreement, no utility bill ?? or how does Mercury's KYC team verify an address?
Great question! Mercury typically verifies an address using documents like a utility bill, lease agreement, or official correspondence tied to the address. If you're a non-resident using a relative's U.S. address without these documents, it might not meet Mercury's KYC requirements. In such cases, doola can help you secure a verified business address that works for opening a Mercury account.
I applied more than 20 times and was always rejected without giving any reason. I have asked many friends who have passed, but their submitted materials were not as prepared as mine. However, they passed, but mine failed, and they did not give me the reasons. I asked a friend to help me read it. I have all the information prepared. What should I do?
I understand how frustrating that experience can be. While we don’t have any control over Mercury’s terms or decision-making process, I’d recommend reaching out to their support team directly for more clarity on your application.
are USD transfare are really free? do they mean by that every transfare in USD is free or every transfare inside the USA is free?
so could my business which is in the Germany send USD to my european personal bank account which allows me to recive USD?
Hey, this is totally depending on Mercury and their policies may change.
For best answers, please reach out to Mercury support.
how can i change my company name in mercury afterward?
Hey, you'd have to reach out to Mercury support for this.
Kindly make a video about How a non-US resident applies for an Airwallex or Brex business Account If we are a non-US resident LLC in Texas USA.
Thanks for the suggestion, we'll add that to the list ✍️
I want buy a mercury bank, can you provide?
Doola doesn’t sell Mercury Bank accounts, but we can help you set up a U.S. business, which is often required to open one. Once your LLC or corporation is established, you can apply directly through Mercury’s website. They specialize in banking for startups and small businesses, offering a smooth online experience.
Make sure to check the video for guidance, but feel free to clarify if you have specific questions about the process.
@doolaHQ Mercury bank to Bangladesh bank money transfer possible?
Thank you❤❤❤
You're welcome. 👽
Thank you. I’m collaborating with a law firm on US for our company, and actually make big payments for their services. Does that count as US operations? Or do I need to have contractors or other things to qualify for US activity? I don’t hire on US as it’s expensive but if needed I may need to hire someone from US to keep the account open.
Hey there, while significant payments to a U.S. law firm can count as part of your U.S. operations, employing contractors or representatives may further solidify your presence and compliance within the market. If you foresee needing to hire locally to maintain your account or meet regulatory requirements, it would be prudent to consider that option seriously.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
For the individual who are forming LLC from outside US, will doola also provide the US based physical address and phone number of the LLC that might be used to sign up for mercury account?
Hey there.
We do provide the Registered Agent's address ≠ physical address. The RA address is simply used for receiving mail.
When registering for a Mercury acc, you need to provide the company's legal address (this is the RA's) and a physical address (where business activities are mainly conducted from and can be an international address).
If you insist on having a US physical address, we recommend Virtual Post Mail. For a phone number you can use OpenPhone.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
@@doolaHQ Thank you for your clarification. By the way, after I form a LLC for the first year what is the renewal process of doola for the second year. Do I have to take the entire starter package or could I just opt for necessary services like RA and State filing?
@@shresthamanish you can do both 💛
Appreciate it bro,
Quick one, Is it possible to open a business Acc with Bank of America as non US resident having an LLC and EIN
Opening a business account with Bank of America as a non-U.S. resident is feasible, it requires careful preparation of documentation and an in-person visit to a branch.
@doolaHQ Thanks a million
Problem is, there is no physical branch of BOA in Republic of Ireland and i thought they might accept remote applications
@@hizarhayat6627 Bank of America typically requires an in-person visit to a branch to open a business account, even for non-U.S. residents. Since there isn’t a branch in the Republic of Ireland, you might want to explore other banks that offer remote account opening options or consider virtual bank services that cater to international business owners.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
9:30 this is a big deal most people want to have LLC just to accept payments online and they don't do any us operations, is there any solution for this?
That's a great point! If you're looking to set up an LLC mainly for accepting payments online without having any U.S. operations, there are definitely solutions available. One option is forming a U.S. LLC, which allows you to open a business bank account, like with Mercury, and start accepting payments. Even if you're not physically in the U.S., many platforms support international entrepreneurs, so you don't need a local presence to operate your business smoothly. It's important to ensure compliance with U.S. tax laws, but the process can be straightforward with the right guidance.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
Please answer; payoneer tranfer limits? Swift or other
Hey there, for the transfer limits:
Payoneer has a maximum transfer limit of $15,000 per transaction and allows for up to 30 withdrawals daily, with a limit of $5,000 per day. For SWIFT transfers, fees can vary, and processing may take several days. Mercury, on the other hand, offers free international wire transfers but charges a 1% foreign exchange fee.
It's best to contact customer service for each company to get the most accurate and tailored information regarding your specific needs. 💛
@@doolaHQ If my mercury account had been opened, there would have been no problem. But they stubbornly do not open it. I applied 4 times 😞
@@erdemalidincer2820 Sorry to hear about the issues with your Mercury account! It sounds frustrating, especially after multiple applications. You might want to reach out to Mercury support directly to understand why the applications are being declined. In the meantime, Payoneer can still be a good alternative for transfers, and hopefully, you can get your Mercury account sorted soon.
how do you get a US Address?
We can help you acquire a physical address/utility bill (for an additional cost) through our partners at Virtual Post Mail.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
Please how do I find out why my mercury application was declined? I used your link
If your Mercury application was declined, the best course of action is to contact Mercury's support team directly to inquire about the specific reasons for the decline. If you need more help, you can also schedule a free consultation with doola to explore other business banking solutions that might be a better fit for you. Here's the link to do that: doola.com/free-consultation.
Let me know if you need anything else! 👽
How can i get us LLC and EIN for free without paying state fee
Hey there, in order to form an LLC you would always need to pay the state's required filing fee.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
🤣 In US nothing is free
While it's true you can't avoid state filing fees, doola can make the process simple and transparent! We help non-residents set up a U.S. LLC and get an EIN quickly, so you can focus on growing your business. Check us out here: www.doola.com/
Can we make an account without llc?
Unfortunately no, without an LLC or similar legal entity, you cannot open a Mercury account. If you are considering starting a business in the U.S., you would need to establish an LLC first to meet the requirements for opening a Mercury account.
If you still need help with this, you can book a free consultation with us here: bit.ly/3Zdckik
I am a Belgium Citizen and I have a registered LLC in Texas With a professional website, I apply for a Mercury account and they reject my application.
Thank you for sharing your experience! Mercury Bank has specific requirements for account approval, which can sometimes lead to rejections, especially for non-US residents or business structures that may not fully meet their criteria. If you're a Belgian citizen with an LLC in Texas, it's worth double-checking that all your documents, including your EIN, operating agreement, and proof of your business activity, are up to date. Additionally, you could try reaching out to Mercury support for more clarification on why your application was denied. Some users have had success by addressing any gaps or providing additional information.
Hope this helps, and good luck!