Banking recommendations for your business

If you have just started your business and need a good banking service, take a look at these digital bank recommendations!

Why apply to a Digital Bank?

Digital banks can be a great alternative for companies just starting their operations, as they have fewer opening requirements compared to traditional banks, and their response times are generally faster.

Some of their benefits include:

• 100% online application process. There's no need to visit a physical bank in the US, which saves you time and money.
• Fewer opening requirements; they don't request as much documentation.
• Usually, no initial deposit is required to open the account.
• They typically offer similar services to traditional banks, such as debit cards and domestic and international bank transfers.
  
  

Banking Partners

1. Mercury Bank:

You can start your banking application with Mercury here: mercury.com/partner/globalfy

Instructions on how to apply for the Mercury Bank are here: 

Countries restricted: Afghanistan, Albania, Belarus (Republic of Belarus), Bosnia & Herzegovina, Burundi, Cambodia, Cameroon, Central African Rep Congo (the Democratic Republic of the Congo), Croatia, Cuba (Republic of Cuba), Eritrea, Haiti, Iran (Islamic Republic of Iran), Iraq, Lebanon, Liberia, Libya, Mali, Mozambique, Myanmar (Burma), Nicaragua, Nigeria, North Korea (DPRK - Democratic People’s Republic of Korea), Pakistan, Palestine, Philippines, Russia (Russian Federation), Somalia, South Sudan, Sudan (the), Syria (Syrian Arab Republic), Ukraine, Venezuela (Bolivarian Republic of), Yemen, Zimbabwe.

2. Payoneer

Countries restricted: Afghanistan, Belarus, Central African Republic, Crimea, Congo, Cuba, Iran, Lebanon, Libya, North Korea, Somalia, Sudan, Syria, Venezuela, Burma (Myanmar), Eritrea, Guinea-Bissau, Kyrgyzstan, Turkmenistan, and Yemen.

For instructions on how to apply to Payoneer as a Globalfy customer, please click here.

In case your account application is not approved by the previous banks, we have put together a list of high-quality digital bank options where you can also apply to open your account.

• WISE
  Countries restricted: Afghanistan, Belarus, Burundi, Central African Republic, Chad, Congo, Cuba, Democratic Republic of the Congo, Cuba, Crimea, Eritrea, Iran, Iraq, North Korea, Libya, Somalia, Republic of South Sudan, Russia, Sudan, Syria, Venezuela, Burma (Myanmar), Ukraine and Yemen..
• BREX
  No list of restrictions found
• LILI
  

  Countries restricted: While the full list isn't publicly disclosed, it typically includes countries under international sanctions or with weak anti-money laundering regulations, such as North Korea, Iran, Myanmar, Russia, and Cuba. Additionally, Lili may block access from certain countries for security reasons. If you plan to travel internationally, it's recommended to contact Lili support to check for any access restrictions in your destination country.

• RELAY
  Countries restricted: Afghanistan, Albania, Barbados, Belarus, Bosnia and Herzegovina, Burkina Faso, Myanmar (Burma), 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 UBO/directors that reside in Russia or Belarus (country of residence only)
• TRYJEEVES
  Countries restricted: Cuba, Iran, North Korea, Syria, Crimea, and Ukraine.

• Revolut

  Countries accepted: The majority of European countries and the U.K., Mexico, Brazil, Canada, India, Israel, Japan, New Zealand, and Australia

Applications to all listed banks are subject to approval.