How to Open a US Bank Account from Saudi Arabia with ITIN

Having a US bank account is essential for Saudi Arabia entrepreneurs and investors earning USD — whether for receiving Stripe payments, depositing Amazon earnings, or holding US real estate rental income. Many Saudi residents don't realize that opening a US bank account remotely — without visiting the US — is possible with the right setup, including an ITIN. This guide explains exactly how to do it.

⚠️ No US-Saudi Arabia Tax Treaty:

Saudi Arabia has no comprehensive income tax treaty with the United States. This means US payers apply 30% withholding to Saudi residents without a valid ITIN and Form W-8BEN certifying foreign status.

Why Saudi Residents Need a US Bank Account

Receive USD payments from US clients, platforms, and customers directly
Use Stripe, PayPal, and Square with a US account (lower fees, better features)
Hold USD without currency conversion losses
Receive Amazon, Upwork, and other platform payouts in USD
Build US credit history for future financial activities
Receive US rental income directly

🚀 Vision 2030 & Global Business:

Saudi Arabia's Vision 2030 is empowering a new generation of global entrepreneurs. An ITIN is the gateway to fully participating in the US economy — earning, investing, and building businesses in USD from Saudi Arabia.

US Banks That Accept Saudi Arabia Residents Remotely

Mercury — Popular fintech bank for startups and online businesses. Accepts foreign-owned US LLCs. Requires EIN + ITIN. 100% online application. No monthly fees.
Relay — Business banking for entrepreneurs. Accepts US LLC accounts from foreign owners. Requires EIN and sometimes ITIN.
Wise Business — Multi-currency account. Saudi residents can get a US account number. Accepts individuals and businesses. Good for receiving multiple currency payments.
Payoneer — Popular with Saudi freelancers. Provides US bank details. Does not always require ITIN for basic accounts, but ITIN helps with verification.
Traditional US banks (Bank of America, Chase, Wells Fargo) — Typically require in-person visit for foreign nationals. Not accessible remotely from Saudi Arabia.

What You Need to Open a US Bank Account from Saudi Arabia

For personal accounts: ITIN + passport + Saudi Arabia address
For US LLC business accounts: EIN (for the LLC) + ITIN (for you as owner) + LLC formation documents
For fintech accounts: Varies — Mercury requires EIN + ITIN; Wise requires identity verification

Mercury + ITIN = Best Combo: Mercury is the most popular US bank for Saudi Arabia entrepreneurs with US LLCs. It requires your LLC's EIN and your personal ITIN for account approval. ITIN Plus gets your ITIN in 8–14 weeks for $99 — making Mercury account opening the next step.

The Saudi Entrepreneur US Banking Timeline

Form Wyoming or Delaware LLC → Get EIN (same day)
Apply for ITIN through ITIN Plus → 8–14 weeks
While waiting: set up LLC documents, Wise or Payoneer for immediate payments
ITIN received → Apply for Mercury or Relay business account
US bank account approved → Connect to Stripe, Amazon, Upwork

Get Your ITIN from Saudi Arabia — $99 Flat Fee

IRS-authorized Certified Acceptance Agent. No US travel required. Fixed $99 fee, 8–14 week processing.

Apply Now — $99

📞 +1 (305) 216-6992 | ✉️ apply@itinplus.com

Frequently Asked Questions

Can Saudi Arabia residents open a US bank account without visiting the US?

Yes. Several US fintech banks — including Mercury, Relay, and Wise Business — allow foreign nationals to open US business accounts remotely for US LLCs. These require your LLC's EIN and often your personal ITIN as the foreign owner. ITIN Plus provides the ITIN in 8–14 weeks for $99.

Which US bank is best for Saudi Arabia entrepreneurs?

Mercury is the most popular choice for Saudi entrepreneurs with US LLCs. It's 100% online, has no monthly fees, and accepts foreign-owned LLCs. Wise Business is good for multi-currency needs. Relay is another solid option. Traditional banks (Chase, Bank of America) require in-person visits and are not accessible remotely from Saudi Arabia.

Do I need an ITIN to open a US bank account from Saudi Arabia?

It depends on the bank. Mercury typically requires both EIN (for the LLC) and ITIN (for you as the foreign owner). Wise Business and Payoneer may only require identity verification without a full ITIN. However, having an ITIN simplifies the process and is required for other IRS compliance needs regardless.

Can I use a US bank account without an LLC from Saudi Arabia?

It's difficult. Most US banks require a business entity for Saudi nationals to open accounts remotely. A US LLC with EIN is the standard path. For personal accounts, some Saudi residents use Wise Personal for a US account number — this doesn't require an LLC or ITIN for basic use.

How long does it take to open a Mercury bank account from Saudi Arabia?

After submitting your LLC EIN and ITIN, Mercury typically approves accounts within 1–5 business days. The main time factor is getting your ITIN (8–14 weeks via ITIN Plus). Start your ITIN application immediately after forming your LLC so both are ready at the same time.

Can Saudi Arabia residents use Payoneer without an ITIN?

Payoneer provides US bank details to Saudi residents without requiring a full ITIN in many cases. However, for compliance with US tax rules, having an ITIN is recommended — it's required to submit W-8BEN to platforms, file Form 5472 as a US LLC owner, and file US tax returns. ITIN Plus charges $99 for the ITIN application.