Bluevine now enables entrepreneurs across Australia, Canada, select countries in the EU, Israel, India, New Zealand, and the UK to seamlessly manage U.S. business finances.
Bluevine, the largest digital banking platform for small businesses in the US*, announced it will expand its services to select foreign-resident owners of U.S. businesses**. This strategic expansion allows international entrepreneurs to open and manage a US business account with zero physical friction, completely eliminating the traditional requirement for in-person branch visits that has long served as a barrier to global commerce.
Through this expansion, owners of US businesses residing in Australia, Canada, select countries in the EU, Israel, India, New Zealand, and the UK will be able to digitally access the simple, powerful products and services Bluevine is known for–saving and earning with industry-leading APY up to 3.00%*** on high-yield Bluevine checking accounts and sending and receiving cross-border payments–via a frictionless onboarding process powered by Wise Platform. Now, internationally located US small business owners can move money and pay bills for free with standard ACH while managing their finances for multiple businesses from a single Bluevine checking account. Additionally, Bluevine users will enjoy unlimited transactions and invoices–with no monthly fees for Standard plan or minimum balances–all with FDIC insurance for up to $3 million, through Coastal Community Bank, Member FDIC. They can also manage their money more intelligently, integrating other business software tools to their accounts to remove the friction of having to constantly transfer money and data between fractured accounts and systems.
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Historically, international resident business owners have faced significant hurdles when attempting to access the US financial system, including requirements for in-person branch visits. By leveraging its specialized risk and automation expertise, Bluevine is providing a digital-first solution that empowers business owners and founders residing internationally to scale their US operations with the speed and efficiency required in today’s market. With industry-leading partners, Bluevine has implemented a rigorous, technology-driven Customer Identification Program (CIP) to allow for digital onboarding.
“This is an important moment for us,” said Eyal Lifshitz, Bluevine CEO and Co-Founder. “Our mission from day one has been to make life easier for small business owners. As the son of an immigrant small business owner, and as the CEO of a company with international offices, this expansion only seemed logical. We’re proud to support the US growth of global businesses and startups.”
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