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Does having an EIN let me open a US bank account?

Banking, payments & cross-border

It is necessary but not sufficient. Banks also want formation documents, proof of address, identification for the beneficial owners, and sometimes a US presence.

Requirements vary by bank, and policies for foreign-owned companies differ widely. The EIN is the first step rather than the whole answer.

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Check your EIN confirmation letter (CP 575) first. If that is gone, look at a previously filed tax return, a business bank account application, or any 1099 you have issued. Your bank or your payroll provider will also have it on file.

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