Key Takeaways
- Delaware LLCs are limited liability companies formed under Delaware law.
- This is a convenient regulatory option, but it can be difficult to access traditional business banking for Delaware LLCs if you’re primarily based outside the US.
- At Payset, we offer multi-currency accounts that may better serve your needs.
Delaware is one of the most popular jurisdictions for companies entering the US, and its streamlined registration process is accessible even for overseas companies.
Companies operating under this model need an account to handle finances. A Delaware LLC business account is simply a standard bank account or payments account that your company uses to manage its payments, expenses, and transactions.
There’s one big challenge: Delaware LLC banking options can be limited if your company and its members are mainly based outside the US.
Even if you manage to get a traditional US bank account, you might experience obstacles such as long onboarding times, limited foreign currency support, high FX rates, and a lack of business accounts for international founders and members.
In short, you need more than a domestic USD account. That’s why at Payset, we offer multi-currency business accounts designed to meet your cross-border needs.
Why Delaware LLCs Are Popular Among Startups and International Founders
Delaware LLCs are a popular way to establish a company because the state provides a legal structure that streamlines registration and operations.
Most importantly, the Delaware Division of Corporations offers pre-clearance review and rapid processing that can handle most applications in as little as half an hour. The Delaware Court of Chancery is known for efficient dispute resolution, and further support is available through Delaware’s broader ecosystem of legal and corporate services.
Just how popular is Delaware? The state had more than 2.1 million business entities, including 1.5 million LLCs, in 2024. And many major companies are registered in Delaware: over two-thirds of Fortune 500 companies are incorporated there.
It’s easy to get started. Business owners can form a Delaware LLC by following the guide on the official Delaware Division of Corporations website.
Why Delaware LLC Founders Struggle With Traditional Banking
Business banking for Delaware LLCs can be challenging, especially for company founders navigating the US financial system. Specific obstacles include:
- Physical US presence: Some traditional banks in the United States may not serve your business unless it has a physical presence in the US.
- In-person requirements: US banks may also require a company representative to visit a US bank branch, which can be difficult for members outside the country.
- Cross-border and foreign currency support: Legacy banks may offer some support for non-USD balances and transactions, but alternative providers tend to put greater focus on providing multi-currency business accounts.
- Extensive compliance: Traditional banks may require extensive documentation and KYC/AML review — more so than alternative payment platforms.
- Slow onboarding: Banks may take days or weeks to review applications.
- Details of your business: Traditional banks may deny service to businesses that have complex structures or operate in high-risk industries.
Can You Get a Delaware LLC Business Account?
There is no specific type of bank account labelled for Delaware-registered businesses; Delaware LLCs generally use the same type of accounts as other companies.
This means that financial services are suitable for Delaware LLCs if they satisfy their most important needs, such as streamlined onboarding for US-registered entities and support for standard operational and regulatory requirements.
International companies may have other requirements. If you need a business account for a non-resident Delaware LLC, features to look for include multi-currency support, online account registration, and support for major foreign currencies like EUR and GBP.
Ultimately, this means your Delaware LLC should look for any account that meets its needs — not accounts that are specifically labelled as Delaware accounts.
What Are Multi-Currency Accounts?
Multi-currency business accounts are designed to hold, send, and receive money in several currencies, often alongside a foreign exchange (FX) service.
These accounts are generally provided by alternative online platforms, making them a good option when it comes to business banking for Delaware LLCs.
Details vary, but this is what you can expect from each type of service:
| Traditional US banks | Multi-currency accounts | |
| Multi-currency support | Focused on USD accounts, with secondary accounts for some other currencies | All-in-one accounts with support for several currencies |
| Eligibility and access | US-first – It can be difficult to obtain a traditional US bank account without US presence | International – Often available in multiple countries |
| EUR/GBP receiving | Limited – Incoming EUR and GBP often converted to USD | Strong – EUR/GBP receiving and holding usually supported |
| Onboarding | May require manual review, in-person visits, and extended processing times | Online-only registration, approval usually in days |
| FX transparency | Varies – Rates may be less transparent, with costs embedded in exchange rate | Varies – May provide transparent FX pricing and tiered rates |
| International payments | Foreign transfers may be slow and expensive due to legacy systems | Fast and affordable foreign transfers through multiple payment networks |
What to Look for in a Delaware LLC Business Account
We see multi-currency accounts as the strongest option. However, you can choose any option, whether it’s a traditional bank account, an alternative fintech account, or both.
When you open a business bank account for a Delaware LLC, be sure to look for:
- Acceptance of US companies: You should make sure that your account provider accepts US-registered companies before you sign up.
- Recognition of Delaware documentation: Your business account provider doesn’t need to explicitly recognize Delaware LLCs, but providing it with your company formation documents may help it review and approve your application.
- Access to US payment infrastructure: Delaware companies should choose an account that supports ACH, domestic wires, and other local US payment types.
- International payments for US startups: Delaware LLCs transacting cross-border may seek out support for European-focused payment options such as SEPA and euros. Some services offer US companies European IBANs.
- FX transparency: Account providers that provide visible FX fees and rates can help your Delaware business operate with more insight into its expenses.
- Support for your business type: Delaware businesses are often involved in cross-border activities like trade, software, e-commerce, holdings, or have varied risk profiles. Be sure the service provider permits your industry type.
How Payset Can Support Your Global Business
At Payset, we offer multi-currency business accounts suitable for most companies, whether you operate as a Delaware LLC or under almost any other model.
We support transactions in 180+ countries, instant exchange of 38 currency pairs, and account holdings in 34 currencies so you can transact like a local around the world.
Payset also offers a full-featured FX exchange with transparent pricing and tiered exchange rates. That means high-volume traders stand to benefit the most from discounts while our services remain affordable and visible for everyone else.
Ready for a Payset account? Get started today.
FAQ
Can a Delaware LLC open a business bank account online?
Yes. Alternative fintech providers often provide entirely online registration, and traditional banks may offer a partially or fully online application process.
Can non-US residents open a Delaware LLC bank account?
Yes. However, some traditional banks only provide access to businesses whose members and primary location are based in the US. It’s usually easiest for non-US companies to use multi-currency accounts from alternative fintech services.
Can a US LLC receive EUR and GBP payments?
US LLCs can receive payments in any currency permitted by their account provider. Multi-currency accounts often support EUR and GBP balances; USD bank accounts may convert incoming foreign currencies to USD or provide other options on request.
Do Delaware LLCs need a multi-currency business account?
Delaware LLCs may be able to work with just a standard USD account. However, a multi-currency account can help you work with foreign currencies more easily.
