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Commerzbank terminated my contract after 14 years as a loyal customer (and plenty of money in the account) — they refused to say why, but my best guess is they were culling Americans.

I think getting a German bank to open a business account for a U.S. startup would be a nightmare at best.



Totally agree, but why would you need a corporate bank account in Germany? You could simply use the US bank accounts?


You usually need a local bank account. For example, in the NL I need an NL bank account for taxation purposes for my NL business.


I understand that. But why would a US company need a NL bank account?


Because it had a subsidiary in NL, perhaps because it had employees to pay, or otherwise did business there.


> subsidiary

which would be a local company registered in the Netherlands?


Owned by a US person?




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