I make video games on Steam from home (Taipei). I am a USA citizen and have US bank accounts, but none of them will allow me to open a business bank account due to archaic ways of thinking. Apparently, I’m not qualified to open a business bank account at HSBC if I don’t have a physical address there.
HSBC wants you to physically visit them in America and, whatever branch you visit, you need to have a physical location within 20 miles: Even if you have an account with them in Taipei (we realized that the HSBC in Taiwan should barely be called HSBC – although a nice bank in Taiwan, they really are barely associated). Even two premier accounts and they don’t do exceptions.
Capital One “Spark” business account puts an option to conduct business abroad, but it seems to be bait for you to tell the truth – I was rejected with no reason via email – at least HSBC called, explained the situation, and gave me some last-resort options.
So what now?
Any progressive banks out there that will still help you out if you don’t have a physical address in USA as an American + American LLC + operating in USD?
Do Taiwan banks allow you to open a business account as an American operating in USA, as long as I FBAR it? Opening a USD personal account here took a ton of effort, so I can imagine this one would be even-harder. Then it also makes taxes confusing.
Ehhh… there’s gotta be a bank out there that deals with programmers and people abroad. It’s not too unusual these days.