Do you really need to set up a US entity just to open a US bank account? If not,... | Hacker News

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		TedDoesntTalk on Nov 12, 2020 \| parent \| context \| favorite \| on: Stripe migrates Stripe Subscriptions users to more... Do you really need to set up a US entity just to open a US bank account? If not, I would set up a US checking account and settle some portion stripe transactions there. Take that revenue and pay your US vendors. No currency conversions.

_kyran on Nov 12, 2020 [–]

You can have a USD bank account, but Stripe won't pay out to it, they'll only pay out to an AUD account and take the 2% along the way.

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