LLC Formation & Entity SetupAnswered

My bank application for my foreign LLC was denied twice. What am I doing wrong?

LB
lucas_br_7010new member
September 10, 2019 1,892 views 1 answer
bankingdenialapplication rejectedMercuryforeign LLCWyomingcompliance

I'm from Brazil and I formed an LLC in Wyoming about two months ago. I've tried opening a bank account at Mercury and got denied both times. The denial email just says "we're unable to open an account at this time" with no specific reason.

My LLC is legitimate — I run a web development consultancy. I have my EIN, articles of organization, operating agreement, and passport. What could be causing the denial? Is there something specific about Brazilian owners or Wyoming LLCs that triggers rejections?

I'm running out of options and my clients need a way to pay me.

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