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If you are a person who frequently travels to the United States, or you plan to relocate in the United States, or you are a student planning to obtain a degree in the United States, opening a bank account may be one of your checklists. Opening a bank account as a foreigner is a little more complicated, especially in the United States – the requirements have become more complicated due to tightened regulations due to various money laundering activities. But don’t worry, as a foreigner you can open an American bank account through preparation, proper documentation, and a little patience is still possible.
Need an American bank account and not an American? Living abroad? Are you looking for options for remote use?
What can I do with my US bank account?
- If you plan to work with a US company, it won’t be a problem to deposit your salary directly into your account.
- With a US bank account, you are free to access funds and avoid paying high international fees while in the United States.
- Bank accounts in the United States basically earn more interest.
- Bank of America accounts make it easy to shop or collect money online.
What are the requirements for opening an account?
- Your passport
- Proof of address (eg bill/utility bill)
- Debit/credit card in your country
- Social Security Number (This is a tutorial on how to obtain SSN as a non-citizen)
- Initial margin
- Second-level ID cards, such as driving licenses, work visas or student IDs.
- Immigration documents
- Bank statement of local bank
- Credit history report
- Proof of employment for your U.S. employer
- Application form (if you are a student)
USA Account opening process As a Non-U.S. Citizen:
- go to bank
- Bring the required documents
- Accept interview / registration
- Make an initial deposit. – Please note that for large deposits, you may need to provide proof of funds.
Do I need to visit the United States to open an account?
How to open an American bank account overseas As a Non-U.S. Citizen?
The best American bank to open an account:
Questions and feedback from readers:
Do I need an actual US address to open an account?
How to open a bank account without an actual U.S. address As a Non-U.S. Citizen
How to open a US commercial bank account as a non-US citizen
Company / Enterprise account requirements:
- Passport + auxiliary ID
- Articles of Association / Organization
- Proof of address (eg bill/utility bill)
- Employer identification number
- Legal business address
- Initial margin
- Expected cash flow data
Open a corporate account overseas:
Notes on online applications at Wells Fargo and Bank of America-this work has proven to work for others in the past, but since this blog post, they have not allowed non-US citizens to apply for their banking solutions online.
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