Corporate banking in Nevada
Healy Consultants assists our Clients with opening a corporate bank account in Nevada. Our experienced banking team will prepare all required documentation and submit them to their preferred bank. We will also attend the bank interview on your behalf and may assist you with applying to the full range of corporate banking services available in Nevada. Please read below for further information regarding Nevada banking system and our corporate banking services in this country.
Nevada corporate banking options
- Nevada financial and banking system comprises of both federal and state owned banks, 5 largest of which are i) Bank of America ii) Wells Fargo iii) Nevada State Bank iv) Bank of Nevada and v) Citibank. The banking system is governed by both the Federal Reserve and the Nevada Division of Financial Institutions;
- Most other banks in Nevada are local banks. As a result, our foreign Clients are advised to choose keenly when looking to open a corporate account for a bank i) that will permit international transfers without numerous procedures and restrictions ii) that is large enough to fit the needs of our Client’s business;
- International banks which are present in Nevada and are recommended to Clients by Healy Consultants especially for those Clients keen on international transfers include i) HSBC ii) Citibank iii) Wells Fargo and iv) Chase Bank;
- These international banks offer a variety of tailored banking solutions including i) current and checking accounts ii) corporate debit and credit cards iii) online banking iv) commercial loans v) cash management.
Healy Consultants Nevada corporate banking services
- Healy Consultants assists our Clients with opening a corporate bank account in Nevada. Please read below for further information:
- Healy Consultants will be pleased to assist our Clients with opening a corporate account for their Nevada company within 2 weeks. Internet banking will be approved within the subsequent week. Our fee for this service will be US$3,950;
- While our firm will liaise with the banks to prevent our Clients from travelling to Nevada, there is still a 50% chance that the bank may require our Clients willing to start a business to travel for a one hour interview in Nevada. There will be a fee discount of US$1,450 if you have to travel;
- Following bank account approval, the preferred Nevada bank will directly and independently email our Client the corporate bank account number, required to set up his business in Nevada.
- If requested, Healy Consultants will also be pleased to assist our Clients with obtaining bank financial support for their projects in Nevada. Please read below for further information:
- Healy Consultants may assist our Clients with obtaining corporate finance in the form of a loan, overdraft or simply preferential credit terms. Please contact our Nevada CRO for inquiries regarding these services and related fees;
- In addition to corporate finance, our in-house consultants may also provide our Clients with assistance to secure trade finance services including i) bank guarantees ii) letters of credit iii) finance against trust receipt (for imported goods) and iv) document against payment and against acceptance.
Opening a corporate bank account in Nevada
- In order to open a corporate bank account on our Client’s behalf, Healy Consultants will proceed as below:
- Although not a requirement when setting up a business in Nevada, Healy Consultants will assist our Client to select the best corporate bank account amongst the different banking institutions available in Nevada;
- Healy Consultants submits a complete corporate bank account opening application to the preferred bank including i) completed account opening forms ii) copy of articles of organization and operating license iii) business license and tax identification number and iv) all due diligence documents;
- Once the corporate bank account is approved, Healy Consultants emails our Client the bank account details;
- Subsequently the bank will commence the internet banking setup and within 1 week independently courier, to our Client’s preferred address, the internet banking token for activation.
Exchange controls and other regulation
- The US Bank Secrecy Act (BSA) requires banking institutions in Nevada to file Currency Transaction Reports (CTR) and provide notifications of cash transactions in excess of US$10,000 to the Nevada Division of Financial Institutions and the Federal Reserve;
- The state on Nevada has no restrictions or regulations on the amount of foreign currency that individuals or legal entities may hold in Nevada bank accounts or may transfer abroad;
- Although this may vary from bank to bank, international wire transfers can be a bit expensive in Nevada.