How To Sign Delaware Banking Word

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in this video we're going to look at how to open a delaware business bank account online in fact a delaware company can open accounts across the united states and yes in some instances these accounts can even be open online without ever visiting the us so in this video we're going to help you increase your chances to open a delaware business bank account online we'll do this by covering the main banking challenges you'll face several account opening opportunities for delaware companies and we'll even explain how you can open accounts remotely but before we get started make sure you hit the subscribe button and the notification bell so you get alerted every time we post new non-resident banking opportunities now to help fully understand the process of opening the delaware business bank account online we have a free non-resident banking starter guide it's designed to help non-residents and foreigners open bank accounts as easily as possible in countries and jurisdictions all around the globe so don't forget to download your copy using the link in the description below now before we dive into the specifics of how you can open a delaware business bank account online we're going to give you a quick intro to delaware and the benefits of incorporating there now you might be wondering why is delaware such a popular jurisdiction well delaware is the most popular u.s jurisdiction for incorporation in fact this tiny state has been the leader in u.s incorporation since 1929 thanks in large part to delaware's tax corporate governance and favorable regulations as a result delaware has attracted many of the wealthiest and most powerful companies on the planet apple american airlines coca-cola ebay exxon facebook ford general motors walmart yelp and another 1 million plus companies all call delaware home in fact delaware corporations make up 50 percent of all publicly traded companies in the united states and 66 percent of all fortune 500 companies no small feat so needless to say u.s banks are familiar with delaware companies which is good for anyone wanting to open a delaware business bank account online now thanks to delaware's success in attracting corporations its legal system is unrivaled when it comes to corporate law in fact delaware's experience with corporate law is one of the most cited reasons for incorporating in the state one particularly attractive aspect of delaware's legal system is something called the business judgment rule which says the court should not second guess the company's managers as long as they are not doing something illegal in other words minority shareholders and stakeholders essentially have zero say influence or recourse when contesting management's decisions or a direction of a corporation so if you're looking for a place to incorporate where you can keep control of your business after bringing on outside investors or issuing shares to employees then delaware is worth a look of course it doesn't hurt that delaware is one of the most tax friendly states for corporations in the u.s now should you open a delaware business bank account online in delaware well you might be surprised that delaware is one of the top banking jurisdictions in the u.s this all started when delaware removed usury rules back in february of 1981 which removed the cap on interest rates that banks could charge in other words delaware allowed banks to charge whatever they wanted when it came to interest rates so it's no surprise that banks from across the u.s and the world looking to increase their profits blocked to delaware to set up their credit card businesses today delaware is a banking and credit card hub in fact it's home to about 50 of all u.s credit card issuers including bank of america barclaycard chase city and discover not bad for the second smallest state in the u.s with less than 0.3 percent of the country's population and delaware has continued to be a big time player in dominance in the u.s banking and credit card industry for decades thanks to the unrelenting support across all levels of delaware's government representatives including the pro-banking and anti-usury stance taken by the then senator now president-elect joe biden of course now that he is no longer a delaware senator his support for delaware's banking industry will likely wane now just because delaware has so many credit card issuers and banks incorporated there doesn't mean it's the best place to open a delaware business bank account online in fact opening a bank account in delaware might not be a good idea for anyone fortunately you're not restricted to delaware when considering where to open a delaware business bank account online so let's take a look at your options where should you open a delaware business bank account online now opening a business bank account for a delaware company is no different than opening an account for a u.s company from any other state besides all the extra benefits that you receive from incorporating the delaware of course that said there are a number of considerations that will determine where you should open an account in the u.s let's take a look at these now the first personal client profile your business activities transaction activities initial deposit amount ongoing account balance existing ties to the u.s and more now we cover each of these considerations in detail in our premium report u.s banking for non-residents foreigners and international businesses which is available on our website globalbanks.com this report includes a list of u.s banks real brick and mortar banks that are ideally placed to open a delaware business bank account online we also share three fintech banking solutions that you can use in combination with your u.s bank account to reduce banking related fees and expenses of course this report also includes detailed strategies on how to open us accounts successfully for u.s companies including those owned by foreign non-residents now can you open a delaware business bank account online when it comes to opening bank accounts whether business or personal many people want to know how to open accounts remotely well if you want to open a delaware business bank account online you'll be happy to know that this is 100 possible you just need to have the right information know which banks and bankers will realistically accept you and have the right account opening strategy in fact in addition to the considerations mentioned above you'll also need to provide documentation address proofs and follow specific authentication procedures to open accounts remotely if you don't know what you're doing and don't prepare us account opening can become a costly and time-consuming process after all if you carelessly submit your application on a whim and get denied or have your application red flagged you've just ruined your chances at opening online at that bank lucky for you our team monitors the account opening requirements onboarding processes compliance quirks and is constantly identifying ways to open accounts remotely at u.s banks so if you're looking to open a delaware business bank account online without visiting the us in person we can help now should you use an emi to open a delaware business bank account online now as we've discussed emis and other fintech solutions can offer a lot of value to business banking clients this is especially true if you need to make frequent international transfers need to send money to specific platforms or just want a backup account in case something happens to your traditional bank account they're also very useful for micro businesses and entrepreneurs just starting out but being 100 reliant on emis for your business banking needs is really dangerous as you've probably already heard or experienced first hand emis can shut down and freeze your accounts without warning cutting off access to your money and while the same is true with banks emis and fintechs often use outsourced compliance teams and are highly dependent on algorithmic transaction monitoring which makes them more sensitive to swings in transaction activity they're also known for being less responsive and having overwhelmed customer service teams so if you're looking to open a delaware business bank account online via an emi you should probably consider the following also it's worth noting that almost all emi and fintech solutions are not banks even if they say they are a bank describe themselves as a bank or blatantly market their services like a bank if they do not directly hold a banking license they are not a bank at best many of these emis are like resellers they create user interfaces fancy websites and simply partner with a licensed bank to offer services to particular niche markets such as foreign owned llcs digital nomads startups and more for that reason it's always important to know which bank is actually behind the emi you're using for instance even though you're using a world-renowned emi your bank account might be held within a small community bank in the middle of kansas that's why we suggest using emis as a backup solution not as your primary business bank account ideally have an account with a world-class bank with proper kyc and aml doesn't spook every time they see an international transaction and isn't reliant on a third party for their banking license now are you ready to open a delaware business bank account online well if you're ready to open a delaware business bank account online you can get started using the information i've outlined in this video but if you want to know which banks will actually accept your company the best account opening strategies to use and the best ways to overcome tough paperwork requirements we already have all this information waiting for you inside global bank's insider with global bank's insider you'll get instant access to our entire archive of banking intelligence reports access to the global bank's database home to more than 250 banks from 50 plus countries including detailed bank profiles client preferences and a whole lot more finally you'll get real-time analyst support from our team of experts ready to answer your most pressing banking questions and to make suggestions on which banks in the united states and elsewhere will best meet your objectives to get started just click the link in the description below to learn more about global banks insider and before signing off don't forget to subscribe so you get alerted every time we share new banking opportunities thanks so much for watching and i'll see you next time