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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 $200 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. Revolut

  • Hold and exchange 25+ currencies at interbank rates to save on global transactions.

  • Issue physical and virtual cards with custom spending limits for real-time expense control.

  • Process bulk payouts for up to 1,000 recipients simultaneously to streamline payroll.

  • Sync transactions automatically with QuickBooks, Xero, and Sage to simplify bookkeeping.

  • Send instant, fee-free transfers to any Revolut account worldwide.

📄 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.

⚠️ Applications to all listed banks are subject to approval.

How to open a business bank account?

  1. Access the Globalfy Platform
  2. Click Bank Accounts in the menu.
  3. Select your preferred bank and click Apply Now.
  4. Complete the requested information.

Supported and prohibited countries

To avoid application issues, please check the list of restricted countries by bank.

Mercury 

Sanctioned countries and regions: Cuba (Republic of Cuba), Iran (Islamic Republic of Iran), North Korea (DPRK - Democratic People’s Republic of Korea), and Russian-occupied regions of Ukraine, including Crimea, Donetsk, Kherson, Luhansk, and Zaporizhzhia.

Prohibited countries: Afghanistan, Albania, Angola, Bangladesh, Belarus (Republic of Belarus), Bhutan, Bosnia & Herzegovina, Burkina Faso, Burundi, Cambodia, Cameroon, Central African Republic, Congo (the Democratic Republic of the), Congo (the), Croatia, Eritrea, Gambia, Haiti, Indonesia, Iraq, Kyrgyzstan, Latvia, Lebanon, Lesotho, Liberia, Libya, Maldives, Mali, Mozambique, Myanmar (Burma), Nepal, Nicaragua, Nigeria, Pakistan, Palestine (State of), Philippines, Russia (Russian Federation), Somalia, South Sudan, Sudan (the), Syria (Syrian Arab Republic), Ukraine, Uzbekistan, Vanuatu, Venezuela (Bolivarian Republic of), Vietnam, Yemen, and Zimbabwe.

Official link: Mercury Prohibited countries

Wise

Prohibited countries: Afghanistan, Belarus, Burundi, Central African Republic, Chad, Congo, Democratic Republic of the Congo, Cuba, Eritrea, Iran, Iraq, North Korea, Libya, Myanmar, Somalia, Republic of South Sudan, Russia, Sudan, Syria, Yemen, Venezuela, and the Ukraine regions: Crimea, Donetsk, Luhansk, Kherson, Zaporizhzhia.

Official link: Where can I use Wise?

Lili 

Supported Countries: Argentina, Australia, Bolivia, Brazil, Canada, Chile, China, Colombia, Ecuador, India, Israel, Mexico, New Zealand, Norway, Panama, Paraguay, Peru, United Arab Emirates (UAE), United Kingdom, Uruguay.

Official link: Lili permitted countries

Revolut

Supported Countries: Australia, Brazil, Canada, India, Israel, Japan, Mexico, New Zealand, Singapore, Switzerland, the EEA (excluding Bulgaria), the United Arab Emirates, the United Kingdom, and the United States. Additionally, service is extended to several supported territories, including the Aland Islands (Finland), Azores (Portugal), French Guiana (France), Gibraltar (UK), Guadeloupe (France), Guernsey (UK), Isle of Man (UK), Jersey (UK), Madeira (Portugal), Martinique (France), Mayotte (France), Reunion (France), and Saint-Martin (France). 

Official link: Eligible countries and territories for Revolut Business

Relay

Afghanistan, Belarus, Bosnia and Herzegovina, Burkina Faso, Burma (Myanmar), Burundi, Cambodia, Central African Republic, Democratic Republic of the Congo, Cuba, Ethiopia, Guinea-Bissau, Haiti, Iran, Iraq, Lebanon, Libya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, and Zimbabwe.

Official link: Prohibited Countries for Opening a Relay Account

Airwallex

Eligible countries and territories: Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Cayman Islands, China, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Fiji, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Japan, Korea (South), Latvia, Liechtenstein, Lithuania, Luxembourg, Macau, Malaysia, Malta, Marshall Islands, Martinique, Mayotte, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Puerto Rico, Reunion, Romania, Saint Martin, Samoa, Seychelles, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom, United States of America, Vietnam, Virgin Islands (British), and Virgin Islands (U.S.). 

Official link: Prohibited Countries for Opening a Relay Account

TryJeeves

Restricted Jurisdictions: Jeeves does not onboard companies or process transactions involving sanctioned regions (such as Russia, Belarus, Cuba, Iran, North Korea, Syria, and occupied regions of Ukraine) or high-risk jurisdictions under OFAC and EU sanctions.

If you want to verify the eligibility of your business or partners before applying, you can reach out directly to their sales or support team via the official Jeeves Contact portal.

 


If you still have any questions or need further assistance with this topic, we are here to help!

✉️ Simply contact us via email at help@globalfy.com or send a WhatsApp message to +1 (866) 428-2030. Our team will be happy to assist you.