Silicon Valley Bank Account Opening For Tech Startups

Since we facilitate company formation in all the US it’s important for every company to get a bank account because there are many banks out there offering business accounts, however, a few banks can do what Silicon Valley Bank can offer.

You can get a bank account with SVB in a matter of days without visiting them. Imagine you start out incorporating your tech startup in Delaware but you need a bank account. Very few banks offer bank accounts for businesses if they are not registered in their state.  Usually, if you fly to Delaware to open your business bank account, the bank account will be opened the same day following the due diligence approval. Most of the investors or tech companies register in the state of Delaware, there is no surprise that more than three-quarters of Fortune 500 companies registered in this state. The Delaware SoS (Secretary of State) reported over 200,000 companies registered in 2016! This is a really high number! So there is a big benefit for registering in Delaware, however, this raises the question if, in addition, you should register in another state – this is for another blog post. If you operate in more than one state, have office or employee, you should register in the same state as well in which case you can open a bank account with a local bank.

The advantage is that SVB will not require you to visit them. They run their own KYC (Know Your Client) so you might be pretty much surprised that you might not meet the banker. All documents are signed over the DocuSign – electronically. But it is better to generate your own signature rather than using the DocuSign signature style. This will allow you to avoid meeting the banker in person.

SVB requirements:

  • SVB requires you to register a US-based entity
  • Must be in the tech industry (pharmaceutical, internet, hardware, IoT, etc.)
  • Detailed business description
  • Company documents: Articles of Association, EIN, Minutes of Initial Meeting of Directors Breakdown of Company Ownership (25% or greater) – you will need their mailing address, date of birth and social security number or government ID information (no need of physical documents, you will just upload them over their online onboarding system)
  • Personal document: Driving license, Passport or National ID, The founder should have SSN (SSN is a big help if not National ID)

Fees:  SVB Startup Solution does not have a monthly account fee for the first three years. It also waives the fees for Online Banking, Bill Pay, and Mobile Deposit. Additionally, you receive 2 domestic outgoing wires, 1 international FX outgoing wire, and 5 USD incoming wires at no cost.

Time/duration of bank account opening: 3-5 working daysIf you’re interested in opening a bank account for your Tech company, please e-mail me; I’m happy to introduce you, however, you need to be an Incparadise client and have a company registered with us. The bank will only accept tech companies. I know a few employees from SVB and they are all very helpful for legit business! If you’re not a legit business, please don’t contact me. I’m ONLY interested in tech businesses where the founders are serious and dedicated people to their endeavor.

17,355 responses to “Silicon Valley Bank Account Opening For Tech Startups”

  1. Acne says:

    Acne

    […]we like to honor several other web websites on the web, even though they aren稚 linked to us, by linking to them. Below are some webpages really worth checking out[…]

  2. pg slot says:

    pg slot

    […]Every after inside a though we pick blogs that we read. Listed beneath are the most current web sites that we pick out […]

  3. aplikasi slot online mudah menang

    […]we came across a cool web site that you simply could possibly delight in. Take a appear in the event you want[…]

  4. yasamayavefe says:

    yasam ayavefe

    yasam ayavefe

  5. hotel in windham ny

    […]we prefer to honor many other world wide web web-sites around the internet, even when they aren稚 linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  6. hotel in lake placid

    […]Sites of interest we have a link to[…]

  7. 3 408 cheytac

    […]below you値l obtain the link to some web pages that we assume you’ll want to visit[…]

  8. 44-40 ammo says:

    44-40 ammo

    […]Here are several of the web pages we advocate for our visitors[…]

  9. 300 win mag ammo

    […]Every once inside a even though we pick out blogs that we study. Listed below would be the most up-to-date internet sites that we decide on […]

  10. cybersecurité salaire

    […]Here is a great Weblog You might Discover Intriguing that we Encourage You[…]

  11. comment signaler un mail frauduleux

    […]we prefer to honor numerous other online internet sites on the net, even though they aren稚 linked to us, by linking to them. Under are some webpages really worth checking out[…]

  12. système d’exploitation

    […]just beneath, are many totally not related websites to ours, nevertheless, they may be surely really worth going over[…]

  13. Nangs delivery 24/7

    […]we came across a cool internet site that you just might take pleasure in. Take a look in the event you want[…]

  14. nangs delivery in Sydney

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless really really worth taking a appear, whoa did one discover about Mid East has got much more problerms at the same time […]

Leave a Reply to business advice services Cancel reply