If you’ve just started your business and need a reliable banking partner, we’ve listed some great digital bank options to help you open your U.S. business bank account.
Why choose a digital bank?
Digital banks are an excellent alternative for newly formed businesses, as they typically have fewer requirements and offer faster approval times than traditional banks. Here are some of the main benefits:
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100% online application – no need to visit a physical branch.
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Fewer opening requirements and documentation needed.
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Usually no initial deposit required.
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Offer essential services such as debit cards, domestic and international transfers.
Recommended Banking Partners 🚀
Mercury
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Direct integration with the Globalfy Portal for a faster and easier application process.
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Get $125 cashback if you deposit at least $5,000 within the first 90 days.
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Great interface and tools tailored to startups.
- Invoice generator tool.
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No monthly fees or minimum balance requirements.
Lili
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Also integrated directly with the Globalfy Portal, making it easy to apply.
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Designed for freelancers and small businesses.
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Offers financial tools like expense tracking and automatic savings.
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No monthly fees for standard accounts.
Payoneer
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Ideal for businesses that receive international payments.
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Offers multi-currency receiving accounts.
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Compatible with platforms like Amazon, Upwork, and Airbnb.
Other Banking Options
| Bank | Highlights |
|---|---|
| Wise | Great for international transfers and managing multiple currencies. |
| Brex | Tailored for startups with corporate cards and expense tracking. |
| Relay | Allows multiple users and roles, good for teams and growing businesses. |
| Airwallex | Global financial infrastructure, great for businesses with international operations. |
| TryJeeves | Focused on companies with operations across Latin America and the U.S. |
| Revolut | Available in many countries; strong for international operations and FX. |
⚠️ Applications to all listed banks are subject to approval.
Restricted Countries
To avoid application issues, please check the list of restricted countries by bank.
Mercury
Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Cambodia, Cameroon, Central African Republic, Republic of the Congo, Democratic Republic of the Congo, Croatia, Cuba, Eritrea, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, Mali, Mozambique, Myanmar, Nicaragua, Nigeria, North Korea, Pakistan, Palestine, Philippines, Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, Zimbabwe.
Payoneer
Afghanistan, Belarus, Central African Republic, Crimea, Congo, Cuba, Eritrea, Guinea-Bissau, Iran, Kyrgyzstan, Lebanon, Libya, Myanmar, North Korea, Somalia, Sudan, Syria, Turkmenistan, Venezuela, Yemen.
Wise
Afghanistan, Belarus, Burundi, Central African Republic, Chad, Congo, Cuba, Democratic Republic of the Congo, Crimea, Eritrea, Iran, Iraq, Libya, North Korea, Somalia, South Sudan, Russia, Sudan, Syria, Ukraine, Venezuela, Yemen, Myanmar.
Lili
No official list disclosed, but generally excludes countries under sanctions such as North Korea, Iran, Russia, Myanmar, and Cuba. For international use, check with Lili support.
Relay
Afghanistan, Albania, Barbados, Belarus, Bosnia and Herzegovina, Burkina Faso, Myanmar, Burundi, Cambodia, Cayman Islands, Central African Republic, Republic of the Congo, Democratic Republic of the Congo, Ivory Coast, Cuba, Cyprus, Eritrea, Ethiopia, Gibraltar, Guinea, Guinea-Bissau, Haiti, Hong Kong, Iran, Iraq, Jamaica, Jordan, Lebanon, Liberia, Libya, Macau, Madagascar, Mali, Malta, Morocco, Mozambique, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Philippines, Russia, Senegal, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Turkey, Uganda, Ukraine, United Arab Emirates, Venezuela, Vietnam, Yemen, Zimbabwe.
Airwallex
Cannot onboard UBOs/directors residing in Russia or Belarus.
TryJeeves
Cuba, Iran, North Korea, Syria, Crimea, and Ukraine.
Revolut
Accepted countries include most of Europe, the UK, Brazil, Mexico, Canada, India, Israel, Japan, New Zealand, and Australia.
If you still have any questions or need further assistance regarding this topic, we are available to assist you. Simply click here to submit your support request, and our team will assist you.