Can we get a USD bank account within the Federal System?

Question posted by Simon Rogers, on behalf of ProFantasy Software Ltd in SW4

There are lots of other questions on this, but the answers are either out of date or don't actually answer the question.

I do not require any suggestions for payment alternatives, or offers to help set up a location or company in the States. I do not want suggestions that I should open a USD demoninated account outide the Federal System.

We currently have a US bank account which is being closed down because they are closing down all non-resident company accounts, and we are looking for an alternative.

I have tried a very wide selection of US banks, and not one appears (now) to be willing to accept an account from a non-US companty, even if they are registered with the IRS under the double taxation treaty. Our own bank, HSBC, has ignored our requests for assistance, and I am under the impression that it is possible, but only for larger businesses.

So, if you know with certainty that it is or isn't possible to open an account or can help with that, by all means answer, as there must be many thousands of companies in our position.

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Colin Jones, on behalf of Transpact.com in NW11.

Simon,

Please share any responses you obtain here.

Obviously, if your question is answered on this forum it will be automatically shared, but if you obtain an answer other than on this forum (maybe at a later date), can you post back to this forum to keep all interested updated.

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Paul Bennett, on behalf of British Wonder LLC in United States.

Simon, One of the first questions they will ask is why you want the account if you are closing everything down?
Also, you say you have a IRS #.. What state are you registered in?
I am happy to look into this for you if you need some assistance from this side

Paul : British Wonder LLC

Feel free to contact me paul@britishwonder.com

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Simon Rogers, on behalf of ProFantasy Software Ltd in SW4.

Colin, will do.

Hi, Paul,

Thanks for your response.

I am not closing anything down. Our US bank is kicking out all foreign accounts.

The Federal tax authorities allows foreign companies with no US address to obtain an EIN under the double taxation treaty - but that's neither here nor there. It's needed to register with Apple for example. We are not registered for tax in any State, because we do not pay any tax in any State because we are a UK company.

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Paul Bennett, on behalf of British Wonder LLC in United States.

Simon,

I have a call into my lawyer. I'll let you know something once I have spoken with him

Paul

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Have you thought of the Federal Bank if you are calling from the UK the number is 00914843630994 if not try there 24/7line which is 0018004251194 or 0018004201194.
just see or the other thing is if your organisation is big enough try Standard Bank here in the UK.
Try Barclays or if all else fails try the World Bank at e-mail rru@worldbank.org giving them details of where you reside and your organisation and your question and they should be able to help you. Last but not least, you could also try your local Chamber of Commerce as they have details or might be able to put your through to someone who can assist you further.
Good Luck, Rosa

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Simon Rogers, on behalf of ProFantasy Software Ltd in SW4.

Hi, Rosa,

Thanks for your answer. The only Federal Bank I can find is based in India. Is this a US-based bank? Can you please point me at their website?

Do you have a website for Standard Bank, as there appear to be a lot of similarlyl named institutions?

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The Federal Reserve Bank of New York (They have an office in India - Sorry).
e-mail general.info@ny.frb.org
This is at 33 Liberty Street
New York
NY 10045

Standard Bank PLC
20 Gresham St
London
EC2V 7JE
telephone 0203 145 5000

The other bank you can try is
Standard Charter on 0207 885 8888 or fax: 0207 885 9999.
They deal in Business worldwide.

Rosa

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