How to Open a Business Account with StartGlobal Easily in 5 Minutes

Starting a business in the United States from Africa? We get it – it’s exciting, but also a bit of a maze. From paperwork nightmares to unfamiliar tax codes, the journey can be a rollercoaster.

Starting a business is more than just an idea; it’s a series of carefully orchestrated steps that ensure your dreams are built on a solid foundation. With StartGlobal, those steps become streamlined, convenient, and, most importantly, achievable.

Since 2020, StartGlobal has been simplifying the intricate process of setting up a business in the United States, transforming hurdles into stepping stones on your journey to success.

In this comprehensive guide, we take you on a journey through the intricate process of opening a business account with StartGlobal and discover how StartGlobal’s innovative solutions are reshaping the way entrepreneurs approach international expansion.

Read: What’s New From Lenco-June 2023 Round up

Why Create a Business Account with StartGlobal?

Before we dive into the nitty-gritty, let’s talk about why having a dedicated business bank account is essential. It’s not just a matter of formality; it’s about keeping your personal and business finances separate, which can save you a ton of headaches during tax season.

FDIC Insured: Your Safety Net

First things first, security matters. You want your hard-earned money to be safe and sound. StartGlobal understands this, and that’s why all the bank accounts they offer are FDIC-insured. What does that mean? It means your deposits are protected up to $250,000 in the US. You can breathe easy knowing that your money is in good hands, whether you opt for Mercury, Relay, or Brex banking accounts.

Virtual Cards for Flexibility

In the digital age, flexibility is key, and StartGlobal’s banking partners know it. They provide you with a virtual card solution that allows you to create as many virtual cards as you need. Whether it’s for online transactions, subscriptions, or simply keeping track of different expenses, these virtual cards give you the control you need.

Real-World Spending with Physical Cards

While the virtual world is fantastic, sometimes you need to make real-world transactions. Many of StartGlobal’s banking providers offer physical debit cards that make spending your money as easy as a daily workout. Swipe, dip, or tap – the choice is yours.

Wire Transfers: Domestic and International

Business doesn’t stop at borders, and neither should your financial transactions. StartGlobal’s partner banks have your back with support for both domestic and international wire transfers. Whether you’re paying suppliers in the next state or partners across the globe, it’s all within reach.

Streamline Your Finances with Recurring Payments

Automation is your ally in business, and that’s why many of StartGlobal’s partner banks support recurring payments. Set it and forget it – ensuring your regular bills and subscriptions are paid on time, every time.

Client Management Made Easy

Keeping track of your clients is crucial for any business. StartGlobal knows this too, and many of their partner banks offer contact management features. Seamlessly organize and work with your clients, because in business, relationships matter.

Choosing the Right Modern Bank Account

Now that you understand the perks of partnering with StartGlobal for your business banking needs, it’s time to choose the right bank account. You have options aplenty, ranging from Mercury, Relay, Brex, Wise, or any other bank of your choice. Remember, you are the master of your financial domain, and StartGlobal respects that. They won’t have access to your accounts; it’s all in your capable hands.

Seamless Integrations for Efficiency

Opening a bank account is just the start. The real magic happens when you connect your accounts to StartGlobal. This integration is like adding turbo boosters to your financial management.

Once your accounts are linked, StartGlobal becomes your trusty sidekick for bookkeeping and tax management. And it doesn’t stop there; you can also connect to third-party platforms like Shopify or your Amazon Seller Central account. Imagine the efficiency of streamlining your entire bookkeeping process, leaving you more time for what truly matters – growing your business.

How to Get Started with StartGlobal

Now that you’re convinced of the benefits, let’s walk through the steps of getting started with StartGlobal. They’ve made it simple and straightforward.

Step 1: Account Registration

Your journey begins by filling out an account registration form on StartGlobal’s platform. Keep it simple; provide your name, current address, and your business name. Remember, no need for fancy corporate jargon here – just the basics.

Step 2: Verification Process

Once you’ve signed up, it’s time to prove you’re who you say you are. This usually involves providing a copy of your passport or a national ID.

Pro tip: Be prompt with your verifications; delays only slow down your progress.

Step 3: Business Location

You’ll need to decide whether you want to register your business in Delaware or Wyoming. Don’t stress over this decision; choose what suits your business goals. After that, provide the required business information.

Step 4: StartGlobal Takes Over

With your application in hand, StartGlobal swings into action. They handle the paperwork, file the necessary documents with the state, and make sure everything is in order. You don’t have to wield a sword or shield – StartGlobal’s got it covered.

Step 5: Patience is Key

Now, here’s where you need to channel your inner Spartan patience. The entire process, from application submission to obtaining your Employer Identification Number (EIN) and opening a bank account, takes about 20-30 business days. But remember, good things come to those who wait, and this wait is for your business’s benefit.

StartGlobal Pricing

For all these services and the expertise StartGlobal provides, you might expect a hefty price tag. But fear not, this is where the Spartan spirit of frugality comes into play. StartGlobal charges a one-time fee of $599. Yes, you read that right – just $599, and they handle everything to get your business off the ground. It’s a one-time investment that covers you for an entire year.

Here’s what you get for that Spartan-friendly fee:

  • Name check and clearance
  • Formation
  • EIN application
  • Registered Agent
  • US address with mail forwarding
  • US phone number
  • US business bank account with a debit card

Now, what about the costs in the second year? Well, you’ll have some ongoing expenses to keep your business running smoothly:

  • Registered agent: $100 per year
  • State tax filing: $299
  • Federal tax: Starting at $299 (the exact fee depends on your income, business type, and other factors)

In Conclusion

Opening a business bank account with StartGlobal is your gateway to efficient, secure, and hassle-free financial management. With FDIC-insured accounts, virtual and physical cards, wire transfers, recurring payments, and seamless integrations, they’ve got all the tools an entrepreneur needs.

The process is straightforward – fill out the registration form, verify your identity, choose your business location, and let StartGlobal do the heavy lifting. And with a one-time fee of $599 that covers a year’s worth of services, it’s a bargain.

So, gear up, take that first step, and conquer the financial side of your business. StartGlobal is your trusted ally on this journey, and with them by your side, success is within reach. Your business deserves the best, and StartGlobal is ready to deliver.

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