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Global Banking Options by Entity Type

Not every bank accepts every entity type. Here's the definitive compatibility matrix for internationally mobile founders.

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Who this guide is for

  • Founders with multiple entities across jurisdictions
  • Anyone trying to find the right bank for their specific entity
  • Founders who have received multiple rejections and want to understand why

The practical problem

The banking landscape for international companies is fragmented. Mercury accepts US LLCs but not UK Ltds. Wise accepts both but applies different scrutiny to each. Airwallex is strongest for HK and AU entities. Knowing which institution to approach for which entity type dramatically reduces rejection rates.

Your options

Mercury / Relay (US LLC)

Best for US LLCs. No international entities.

Wise Business (most entity types)

Accepts US LLC, UK Ltd, HK Ltd, Singapore Pte Ltd, and more. Most versatile.

Airwallex (UK, HK, AU, SG)

Strong for HK and AU entities. Also accepts UK Ltd.

Revolut Business (UK/EU)

UK and EEA entities primary focus.

Aspire / Airwallex (Singapore)

Best for Singapore Pte Ltd.

Currenxie (HK)

Best for HK entities with foreign shareholders.

Wio / ENBD / Mashreq (UAE)

Best for UAE free zone entities.

Documents typically needed

Common mistakes to avoid

How Nomadic Go helps

Nomadic Go matches your entity type and profile to the most suitable institution and manages the full application process.

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Frequently asked questions

Can I use one bank account for multiple entity types?

No. Each entity requires its own separate bank account in that entity's name.

Which EMIs accept the widest range of entity types?

Wise Business accepts the broadest range globally: US LLC, UK Ltd, HK Ltd, Singapore Pte Ltd, and more. Airwallex is strong for HK and AU entities. Mercury is US LLC only.

Which banks are easiest for Singapore Pte Ltd companies?

Aspire, DBS Digibank, and CIMB are the most accessible for Singapore Pte Ltds with non-resident ownership. Traditional banks such as OCBC and UOB are harder for non-resident-owned companies.

Can a UAE free zone company open an international account outside the UAE?

Yes. UAE free zone companies are accepted by some international EMIs including Airwallex and Wise for multi-currency accounts. UAE domestic banking through ENBD and Mashreq is generally the easiest route.

Does entity age affect banking acceptance rates?

Yes. Most banks and EMIs apply stricter scrutiny to entities under 3-6 months old. Having a website, invoices, or contracts before applying improves outcomes significantly.

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