How to Open an East West Bank Account for a US Company?« Back to Previous Page

Opening an East West Bank Account for a US company generally involves preparing corporate documents, completing the bank’s KYC review, verifying the applicant’s identity, and activating the account. The exact requirements may vary based on the company’s structure, ownership, and business activities.

1. Prepare Documents for an East West Bank Account

Before applying for an East West Bank Account, prepare the required corporate and personal documents. Common requirements may include:

• Company formation documents, such as a Certificate of Incorporation or other registration records
• A federal tax identification number, such as an EIN
• Articles of Incorporation, bylaws, or an operating agreement
• Identification documents for directors, beneficial owners, and authorized signers
• Proof of the company’s registered or business address
• Business plans, financial records, or proof of business activity, if required
• Purchase and sales contracts, depending on the company’s business model
• Information about related companies when the applicant has no operating history
• Completed KYC forms with company and applicant information

In general, the bank may request additional documents depending on the company’s ownership structure and business profile.

2. Submit the Application for Initial Review

After preparing the documents, submit them to the bank for an initial review. The bank will check whether the information is complete and whether the company meets its compliance requirements.

Therefore, applicants should make sure that all documents are clear, valid, and consistent.

3. Complete Identity Verification and Signing

If the initial review is successful, the bank may arrange a video call or another form of identity verification. During this process, the bank may review the applicant’s identity and supporting documents.

After verification, the authorized person will need to sign the required account opening documents and submit them according to the bank’s instructions.

4. Activate the East West Bank Account

Once the bank approves the application, it will provide the relevant account information. The company may then need to make an initial deposit or complete other activation requirements.

After activation, the bank will provide online banking access, allowing the company to manage its account and conduct transactions.

5. Maintain Your East West Bank Account

After opening the account, the company should follow the bank’s account management requirements. It is also important to:

• Keep company and beneficial ownership information up to date
• Maintain sufficient account balances when required
• Follow online banking security requirements
• Monitor account activity and service fees

For international entrepreneurs who need assistance with US company formation and business banking, IngStart can help coordinate the company registration process and provide guidance on preparing documents for an East West Bank Account application.

Conclusion

Opening an East West Bank Account for a US company requires complete and consistent documentation, identity verification, and compliance review. Preparing the required information in advance can make the application process more efficient and help reduce delays.