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A comment on Show HN: Get a US Company and US Bank Account. Remotely. No SSN Required.

Re:Show HN: Get a US Company and US Bank Account. Remotely. ... by quercusa on Thursday May 12, 2022 @10:35AM (#31354830)
> doola is a financial technology company and is not a bank. Banking services provided by Piermont Bank; Member FDIC.

How does the actual bank fulfill KYC/AML requirements in this scenario?

[ Parent | on HN ]
Re:Show HN: Get a US Company and US Bank Account. Remotely. ... by arjawn on Thursday May 12, 2022 @01:19PM (#31357052)
hey! the bank will run KYC + AML and it's also why we require identification, full documentation on the company, as well as the beneficiary owners!

No way around KYC + AML, but can streamline process via formation + EIN + bank account integration!

[ Parent | on HN ]