Opening a Business Account

Once your business is registered with The Rhode Island Department of State, and you have received your company’s Employer Identification Number (EIN) you are ready to open a business banking account.

In 2001, the United States passed the Patriot Act in response to a terrorist attack. This Act requires tighter bookkeeping and higher levels of due diligence and compliance on financial accounts. However, the World Trade Center Providence, along with reputable Rhode Island banking partners, can easily assist foreign companies through this process.

The WTC helps local companies stay up to date and understand the important concepts of international trade.

The World Trade Center, in partnership with Bryant University's Chafee Center for International Business, helps local companies stay up to date and understand the important concepts of international trade, including compliance, regulatory issues, marketing, banking and more. Working with the bank can be a significant benefit for any business, but especially those completing international currency transactions.

Next up, learn about obtaining licenses and permits.