Why Nigerians Need a US Bank Account
- 💵 Receive USD payments without naira conversion losses
- 🛒 Link to Stripe, PayPal, Amazon disbursements
- 🌍 Pay international vendors and tools in USD
- 📊 Build a US financial track record for investors and lenders
- 🏧 US debit card for subscriptions — AWS, Google Cloud, Shopify
Nigeria has no comprehensive income tax treaty with the United States. US withholding rates (up to 30%) apply by default on US-sourced income. An ITIN is essential for IRS compliance and to file US tax returns to recover excess withholding.
Top 3 US Banks for Nigerian LLC Owners
| Bank | Best For | ITIN Needed? |
|---|---|---|
| Mercury | Startups, SaaS, e-commerce — integrates with Stripe/PayPal | Sometimes (KYC) |
| Relay | Multiple sub-accounts, e-commerce, Amazon FBA | Sometimes (KYC) |
| Wise Business | Multi-currency, low FX fees, easy NGN transfers | Recommended |
Having an ITIN eliminates friction across all three. Banks request it during enhanced KYC — having it ready means faster approval.
Requirements to Open
- ✅ US LLC formation documents (Articles of Organization)
- ✅ EIN confirmation letter (from IRS)
- ✅ Nigerian passport (owner ID)
- ✅ ITIN (strongly recommended — required for Form 5472 compliance)
- ✅ US registered agent address (from your LLC formation service)
With the naira losing value, every dollar earned from US platforms is significant. Losing 30% to unnecessary IRS withholding — when an ITIN can eliminate it — is money Nigerians cannot afford to leave on the table.
ITIN · Complete your US banking setup · IRS Certified CAA
Frequently Asked Questions
Can Nigerians open a US bank account?
Yes — as a US LLC owner. Mercury, Relay, and Wise Business all accept foreign-owned US LLCs with remote applications. No US visit required.
Do I need an ITIN to open Mercury Bank?
An ITIN is sometimes required during Mercury's enhanced KYC. Having it ready significantly speeds up account approval.
How do I send money from my US bank to Nigeria?
Wise Business makes this easy — hold USD and convert to NGN at competitive rates. Wire transfers from Mercury to Nigerian banks also work.
How much does ITIN Plus charge?
$99 flat fee. All-inclusive.
Get Your US ITIN — $99 Flat Fee
Open your US bank account from Nigeria with a valid ITIN. $99 — IRS-certified, fully remote.
Apply Now → +1 (305) 216-6992apply@itinplus.com