A bank, a fintech account and a payment platform do different jobs, and each runs its own checks. Pick what you need, see what that kind of provider usually looks at, and get your documents to match before you apply.
What are you trying to do?
Fits this goal
Traditional bank
US banks with branches
Usually checks
Company documentsFormation filing and ownership records
EINThe IRS CP 575 notice or Letter 147C
Founder IDEach 25%+ owner and one controller
AddressA physical place of business
What you doPurpose of the account, expected activity
To hold money, look at a bank or a fintech business account. Both run the same core checks; fintechs do it online, and some banks ask owners to visit a branch. Each provider decides; nothing here guarantees approval.
Sources checked September 2026. Providers change their rules; their own pages are the final word.
Read the provider's own rules first
Each guide explains what one provider asks for and links to that provider's official page. Here's one fact from each, straight from its source.
Payoneer decides
Company nameYour Company LLC
Matches documentsFormation, EIN letter
Online presenceyourcompany.com
Payoneer
Affiliate Partner
Payoneer lets you receive payments from clients and marketplaces. It says accounts are declined when details don't match the documents or the business has no verifiable online presence. Registate is a Payoneer Affiliate Partner and can guide your application; Payoneer makes the decision.
A fintech business account with partner banks behind it. Mercury's help centre lists the addresses it won't accept as a company's principal address, so check yours before you apply.
Card payments for your website or app. Stripe says it verifies the legal entity name and type, the EIN and the business address, and asks for the URL you use to sell or promote the business.
A marketplace that pays out to a bank account. Amazon's registration guide lists what to have ready before you sign up, and identity verification follows.
Each step feeds the next. Applying before the documents line up invites a decline.
1.
Form the company
Every provider here opens an account for the company, not for you. See forming as a non-resident: no SSN, no US visit.
2.
Get the EIN
Banks and platforms ask for the company's EIN and its IRS letter. The EIN is free from the IRS; our EIN support is paid preparation help.
3.
Set the business address
Read the provider's address rule first. Where a commercial address is accepted, our lease and utility bill give you documents in the company's name. The provider still decides whether to accept them.
4.
Make every document match
One legal name and one address across your formation filing, EIN letter, lease, ID and the application form. A missing "LLC" counts.
5.
Apply where your goal fits
A bank or fintech to hold money, a platform to get paid. If you're declined, fix the likely reason before you try again: why banks say no.
Your Company LLCNames match
Formation filingYour Company LLC
IRS EIN letterYour Company LLC
Lease agreementYour Company LLC
Application formYour Company LLC
What we prepare, and what the provider decides
Registate isn't a bank and doesn't hold your money. We get the company and its documents ready; the bank or platform makes the call.
A real US street address with a commercial lease and utility bill (proof of address)
A virtual mailbox that scans and forwards the letters providers send
Guide your Payoneer application, as a Payoneer Affiliate Partner
What stays with the provider
Whether to open the account, and on what terms
Which countries of residence and which addresses they accept
Any extra documents or calls they ask for
How long their review takes
Whether to tell you why they said no
Banking and payments FAQs
Banks, fintechs and payment platforms, and what Registate can and can't do.
A bank holds your deposits itself. A fintech such as Mercury runs the app and the application, and partner banks hold the money. The FDIC says non-bank companies aren't FDIC-insured themselves; money placed at an insured partner bank may get pass-through coverage if that bank fails.
Usually, yes. Payment platforms collect the money, then pay it out to an account in your name or your company's name. Amazon, for example, asks for a bank account and routing number when you register.
Usually not. A registered agent address is for legal notices. Many banks and fintechs ask for a physical place of business and decline registered agent, PO box and virtual addresses for that field. Check each provider's own address rule.
No. Only the bank or platform decides. We form the company, help with the EIN and provide address documents in the company's name, and as a Payoneer Affiliate Partner we can guide a Payoneer application.
The company and its EIN come first, because every provider here opens the account for the company. Then pick by goal: a bank or fintech to hold money, a payment platform to get paid, and make sure every document shows the same name and address.
Get the company ready before you apply.
Form your company, add EIN support and an address with lease documents, all online.
