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Banking recommendations for your business

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:

  • 100% online application – no need to visit a physical branch.

  • Fewer opening requirements and documentation needed.

  • Usually no initial deposit required.

  • Offer essential services such as debit cards, domestic and international transfers.

Recommended Banking Partners 🚀

1. Mercury

  • Seamlessly integrated with the Globalfy Portal for a faster, easier application process.

  • Earn $125 cashback when you deposit at least $5,000 within the first 90 days.

  • Intuitive interface and tools designed specifically for startups.

  • Built-in invoice generator.

  • No monthly fees or minimum balance requirements.

📄 How to Apply

 

2. Lili

  • Fully integrated with the Globalfy Portal, making applications simple and convenient.

  • Tailored for freelancers and small businesses.

  • Provides financial tools such as expense tracking and automated savings.

  • No monthly fees for standard accounts.

📄 How to Apply

 

3. Payoneer

  • Ideal for businesses that receive international payments.

  • Provides multi-currency receiving accounts.

  • Compatible with leading platforms such as Amazon, Upwork, and Airbnb.


📄 How to Apply

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 here to help!
 
✉️ Simply click here to submit your support request and our team will be glad to assist you.