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Debit Card with Business name

Discussion in 'Business & Tax Advice' started by Roparadise, Jul 10, 2011.

  1. Roparadise

    Roparadise BANNED BANNED

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    Is there a way to get a debit card with the name of a llc,where a person's name usually goes? I have a friend overseas that might be interested in getting a u.s. bank account. The LLC will be the name of the person.
    So when she uses it,and they ask for ID,then the merchant would accept it,since its the same name.
     
  2. The Doctor

    The Doctor Jr. VIP Jr. VIP

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    the card is going to have both the name of the person it belongs to AND the name of the LLC
     
  3. GreenGoblin

    GreenGoblin BANNED BANNED

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    Correct it will have the LLC name & the Owner of the business name. But what u need to do to get one

    1. file for a LLC
    2. Get a EIN
    3. Go to the bank present your documents (articles of inc) and so on they will make a copy of them and you put down the minimum deposit to open your account.
    4. They will mail the card to you within 10 business day's normally
     
  4. Roparadise

    Roparadise BANNED BANNED

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    Does the bank ask for identification of the other people in the articles of inc? I was looking at Bank of America business card,but i think they ask for to many documents for a foreign person.
     
    Last edited: Jul 10, 2011
  5. jkwak

    jkwak Regular Member

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    In my mind
    Unless it's a single member LLC they will ask for ID's of the other members and signers of the account
     
  6. GreenGoblin

    GreenGoblin BANNED BANNED

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    Normally they do, if memory serves me correct they have to sign on the dotted lines also.
     
  7. Roparadise

    Roparadise BANNED BANNED

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    But would a merchant question a person,if they use a card where they have the same name of the LLC,but the cardholder name is different? I just want to setup a somewhat anonymous debit card for someone,since they can't make certain purchases with the card they currently have,due to discrimination against the country she is from.
     
    Last edited: Jul 10, 2011
  8. The Doctor

    The Doctor Jr. VIP Jr. VIP

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    ask your bank but generally her name will be on the card and she will have to be a signer on the account.
     
  9. boone

    boone Newbie

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    My apologies if this is a dumb question as I'm not too knowledgeable about the details of transactions like these but I'd like to know if it be would possible to get debit card in the name of an LLC and have the "owner's name" being the name of another LLC or maybe a trust or something along those lines?
     
  10. jonnyquest

    jonnyquest Regular Member

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    I think if you read the responses above it should answer your questions. If not post again.

    JQ
     
  11. Adarme

    Adarme Newbie

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    Why not just get an anonymous debit card? There are several. FishersGold can get you one. Check out their website.
     
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  12. Affiliate Mgr Dave

    Affiliate Mgr Dave Registered Member

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    If you have an LLC with multiple members the banks won't need id's of the other members if those members are not signers on the account. If you want those members to have a debit card they will have to be signers though.
     
  13. Roparadise

    Roparadise BANNED BANNED

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    I wish it wasn't so much restrictions when it came to getting a bank account for "foreigners". This and the monitoring of international communication makes it seems the U.S. doesn't want you to interact with people from other parts of the world.

    I've checked out fishersgold and they require a scan of the passport.:(
     
  14. Adarme

    Adarme Newbie

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    Sorry, I should have added this to my first post. You can ask them for their Nominee service. This costs more but provides real privacy. No documents etc. You have to contact them and specifically ask for it.
     
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  15. straminc

    straminc Newbie

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    Certain banks in the islands, e.g. St Nevis, will provide you a prepaid debit with no name, says for electron use only but works almost anywhere.
     
  16. downloaddiva

    downloaddiva Newbie

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    I had a job with an LLC once and they handed me a card with my name on it on my 4th day of work. I never signed anything. They just requested a card with my name on it since my job required that I order books and supplies on a regular basis.

    So you create the LLC by yourself or with local partners then you request a card to be made in the name of your foreign person and you can either have the bank send it to them or you can send it to them once you receive it.

    Hope this helps
     
  17. NeverEver

    NeverEver Newbie

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    Interesting I thought that was only possible with an S-Corp guess LLC is possible.