Open a US Bank account as a non resident

29th
DEC

Posted by GaQuay under Magazines

Why do you want a US Bank Account?

If you are selling using PayPal, Ebay, 2Checkout, Stormpay or any other common payment service, you know how expensive and time consuming is to get your funds in your country.

Getting checks emailed to you can cost anywere from USD$ 5,00 to USD$ 30,00 plus the charges that your local bank will take for the international deposit.

There are some services that wire the money to your local bank but there are not cheap, if available.

But the most important of all problems… the time.

It can take weeks or even months to see your money. Specially if you sell ocassionaly and your payment service have a high minimum requiered before send you the checks (PayPal requieres USD$ 150,00 plus USD$ 12,00 for mailing costs).

Let’s face it.

If you use PayPal or Ebay to make some money ocassionaly.
You need a US Bank Account.
If you have, or want to have, clients in the U.S.
You need a US Bank Account.
If you want to make serious business in the Internet.
You need a US Bank Account.

Now there are 3 ways you can open an account in the US:

How to Open an US Bank Account - Expensive Method

You can search in your local city if there is banks that gives this service. In my home town they ask for tons of papers and references. And a minimun deposit from USD$ 2000,00 to even USD$ 10000,00 (Yes, you read it right, ten thousands!). I don’t think this is the best way.

How to Open an US Bank Account - Never ending Method

You can also spend weeks and months researching in he internet. Looking site after site, asking bank after bank, making phone calls and sending emails just as I did.

Banks will give you answer like this:

“You need a Social Security Number.”
“You need a US Address.”
“You need notarized documents.”
“You need to come to US to sign some papers.”

I have clients that spent years…. that’s right, YEARS trying to find out how to open a US Bank Account fast and without all the problems. I personally spend over eight months until I could figure it out…. so, this is not a good way either.

Finally, if you are lucky enought to get in this web site,

How to Open an US Bank Account - The right way

Simply get all the information in less than 2 minutes. Fill up the forms and send it to the bank along with your passport. (?You don’t have to send me anything!)

In 7 days you will have your bank account in the US. That simple.

Now, that’s a good way to do it.