UK companies selling into the US, billing US customers, or holding US-facing subsidiaries run into the same problem repeatedly: opening USD banking as a foreign entity through a traditional bank is slow, and post-Brexit correspondent banking friction has only made it worse. Hollis & Co, through its Column N.A. partnership, gives UK Ltds a same-to-next-business-day path to a working USD account — with Fedwire, SWIFT, and ACH support — so a UK company can start collecting and paying in USD without first forming (or waiting on) a US entity. This is the most common jurisdiction Hollis serves outside the US, and the requirements below reflect a well-worn, fast-moving process.
Entity Types
Review Time
Required Documents
Fees
Application fee
$50
Setup fee
$450
Annual fee
$400
Domestic wire
$20
SWIFT wire
$30
FX spread
+0.75%
Incoming wires
Free
The application fee is non-refundable. Annual maintenance fee waived if your account maintains an average daily balance of $250,000 or greater across the 365 days prior to your renewal date.