Home payment system The 7 best Virtual US Bank Account Solutions For Non-residents (No SSN or ITIN Needed) year 2023

The 7 best Virtual US Bank Account Solutions For Non-residents (No SSN or ITIN Needed) year 2023

by Abbey

Payoneer, Paxum, GetBizToUSA, Wise Borderless, Paydek, Payssera, and Zenus Bank are currently the best Virtual USA and EU Bank Account Solutions For Non-residents in the year 2021. If you visit the US often, work online, and always receive payments from companies or maybe you plan to buy real estate or do other types of investments in the country. You will definitely need to open a virtual bank account (VBA) in the United States as a non-resident and non-citizen.

Yes, it is Possible to Open a US or EU Virtual Bank Account Online as a Non-Resident? No need to travel or visit a physical USA or European bank branch to apply for an account in person, you can set it up and register online using your mobile phone or computer.

USA has put some restrictions on opening accounts by individuals who are not residents or don’t have an SSN (Social security Number). A virtual account is the best solution for you to receive payments at the global level, without incurring additional expensive international transaction charges or fees. The best part about the virtual account companies I will be recommending for you is that most of them are free.

You can receive money from overseas directly into your bank account, using a ACH or SEPA virtual bank account. You’ll need to provide your Virtual bank account details so the sender can set up an online account with the international money transfer provider and exchange the money into your desired currency.

Is It Possible to Open a US Bank Account Online as a Non-Resident?

Yes, a virtual bank account is your best solution as a foreigner. Opening up a bank account in the US as a non-resident can be challenging because most US banks require non-residents to apply for an account in person. This means that non-residents need to travel to the US and visit a bank branch to set up the account. This can be inconvenient and costly, especially if the non-resident lives far away or doesn’t travel to the US frequently.

For non-residents who travel to the US often, there are options such as borderless accounts and virtual bank accounts online that can be set up remotely and provide more financial freedom when traveling. These types of accounts, such as international and multi-currency accounts, are location-independent, which means they can be set up from anywhere in the world. They also allow individuals to store and access multiple currencies, which eliminates the need to worry about exorbitant transaction fees and exchange rates when sending and receiving money from different countries.

However, it’s important to note that the process of setting up a borderless account/Virtual account may vary depending on the bank and regulations of the country. It’s advisable to research the different options available and compare the fees, services and requirements before opening an account. Some Neobanks or virtual accounts may require additional documentation, such as proof of residence, identification, or even a deposit before opening the account.

Additionally, as a non-resident, you may have to pay higher fees or have limitations on certain transactions, such as withdrawal limits or ATM fees. It’s important to be aware of these details before opening the account.

Advantage/Pros of opening a virtual bank account:

1. Supervise either your personal or business Finances
2. Review your account at any time.
3. Transfer funds.
4. Apply for a Credit or debit card.
5. View Forex rates.
6. Employ the bank’s bulk payment service
7. Monitor any transaction or expenses.
8. Having an online account saves you time and money commonly spent waiting in line at the bank.
9. You can get a free virtual bank account with no Social security Number or SSN.

List of the best Remote Virtual Bank account Solution:

1. Payoneer

Payoneer is a trusted financial services company that allows a foreign individual to create a personal US bank account, even if they are not a US citizen or a US resident. This means you can get a virtual account, by using their Global Payment Services. You can receive local bank transfers from companies and marketplaces in the US and If you are paid from companies based in Europe or the UK, you can also request a European or a UK Bank account. Using the MasterCard you can withdraw your funds from your Payoneer account to your local bank account.

How to open Payoneer Virtual USA Bank Account Solutions For Non-residents (No SSN or ITIN Needed) year 2021

The 5 best alternatives to Payoneer USA and EU Virtual Bank Account Solutions For Non-residents with ACH and SEPA capability (No SSN or ITIN Needed)

How to link Paypal to Payoneer Transfer Money from Payoneer to Paypal and Pay 0% Fees (get a virtual community federal bank account and link your account to Stripe and other payments providers)

2. Paxum

With PAXUM BANK LIMITED you can get a virtual USA bank account (USD) with Automated Clearing House payment transaction (ACH) capability. As a bank chartered in Dominica, offering financial solutions for individuals and companies, they offer their business clients a USA and EU Virtual Bank Account as part of their services but No SWIFT, only local ACH or SEPA payments.

Your beneficiary name will be on the account and you can accept payments via the ACH network. This is great for clients who work with USA companies that can only pay to USA based bank accounts. You can open an account with them with any of these currencies: USD, EUR, AUD, CAD, GBP, CHF, DKK, HKD, JPY, NOK, NZD, SEK, SGD, ZAR. You can easily receive payment/Funds into your Paxum Payment account by bank transfer (WIRE, ACH, SEPA) and  P2P payment transfer.

Opening an account is very easy, you must meet the minimum requirement of 18 years old. Just click on the link and fill out the application to instantly open an account, then submit your identity verification documents and you are all done. Receiving of Funds from third parties is also supported and you get a Prepaid Card available in USD currency.

With PAXUM BANK dedicated ACH account, no matter where you are located, you will be assigned a dedicated US Virtual account at a major US bank with your name on the beneficiary field. If you work with US-based companies, this option will make your job a lot easier to be paid by them for your hard work.

Visit the Official Paxum website to Get started Here

3. GetBizToUSA

  GetBizToUSA is a banking solution that helps international foreign residents open real United States bank accounts without the need for an SSN or ITIN. These accounts can be opened remotely ( that means you don’t have to visit the United States in order to open your bank account).

As a Non-residents/foreigner entrepreneurs looking for the best U.S banking Account Solutions For your business account. GetBizToUSA can help you open business accounts with U.S. banks by becoming a mediator and introducing clients to appropriate financial institutions which can serve their needs. By becoming your mediator they can help you with various business matters such as banking, merchant account, etc.

How does GetBizToUSA work?
The process is very simple:

1. Gathering and submitting required documentation for review by bank.
2. Bank account opening, setting up online banking. Account is operational.
3. Business debit card is issued, activated and forwarded to client.

You will get a Corporate Checking account in your name ( That means only you have access to your money) plus a business visa debit card and Checkbook. A fast and dedicated e-banking makes sure account owners are able to access their accounts from anywhere in the world. The Bank policy allows non- residents to have accounts opened remotely. That means your account will be livelong functional and won’t be shut down because of not having SSN.

Customers are allowed to pay after their accounts have been opened. No need to pay upfront.

 You must have U.S. Company (LLC or Corporation). if you don’t have one GetBizToUSA can form one for you.

To get started and register visit official website here
Email: getbiztousa@gmail.com

4. Wise Borderless

The Wise Borderless  (Formerly TransferWise) virtual multi currency Account allows you to send, receive and hold money in more than 40 currencies in 1 account which includes the U.S and EU. This makes it very convenient, fast and inexpensive to send money around the world.

For businesses and freelancers who have international customers, clients or operations in general. They won’t have to pay expensive international wire fees or suffer from poor exchange rates traditionally offered by banks. Creating an account is as easy as clicking a button. If you don’t already have a business account, applying for one is simple, you will need to sign up with your standard proof of address and ID requirements.

The Wise Borderless Account gives you a “virtual” bank account in various different countries, that acts exactly like a local bank account. You get a sort code/routing number, account number, SWIFT / BIC, and IBAN codes that you can use to easily make and accept payments in local currency. You can transfer money between currencies at TransferWise’s mid-market rates and low fees. You also get a free debit card.

The first virtual bank account you get will be in your default currency. You can add other currencies and localities as needed, with a unique sort code/routing number and account number for that bank account. You will need to set up your TBA in the US, then “add on” your other virtual bank accounts for the UK and Eurozone. You get local bank details for those areas and can effortlessly make and receive payments in Pounds Sterling and Euros.

TransferWise borderless account website to get started.

5. Paydek

With Paydek you can easily Streamline your global payroll. If you are a company or an individual that works with US and EU companies, you probably know how hard it is to get paid by them if you are based overseas.
We have a solution. Just ask your employer to send your payments directly to your US or EU account, which is connected to your Paydek PAYMENT ACCOUNT. There is no requirement for your employers to open a Paydek Account if they do not want to.

For Business Clients and For Individuals. Access your account via your mobile phone. View balance, transfer funds, view transactions wherever you are.

It’s Easy to Get Started:

  • Register Your Account
  • Upload Your Documents
  • Start Sending and Receiving Payments

To get started and register visit official website here

6.  Payssera

Payssera is the best alternative to Payoneer if you need a virtual bank Account with No need for Social security Number (SSN). They offer both business and personal accounts which can be operated virtually from anywhere in the world. You can also order for a debit card, which You can link card with PayPal or other systems accepting VISA cards.

Paysera is a safe, cheap and easy way to perform payments and send or receive money online. Get private or business IBAN account, collect payments, exchange currency at favorable rates, pay with Paysera VISA, download App, and more.

The Paysera system connects local and international banks, international payment systems and payment partners. We perform money transfers to more than 180 countries including the United States and in over 30 currencies.

To get started and register visit official website here

Zenus Bank

Zenus is a virtual bank that allows individuals and businesses to open bank accounts in the United States without the need for proof of residency. This means that even if you don’t live in the United States, you can still open a bank account with Zenus and access the benefits that come with having a US bank account.

For individuals, it allows you to open a personal US bank account, which can be useful for non-residents who need to send, receive, and store money from anywhere in the world. This can be particularly useful if you frequently travel to the United States, or if you need to receive payments in USD.

For businesses, you can open a US bank account in under 20 minutes, without the need for a US-registered company. This can be useful for businesses that operate globally, as it allows them to easily manage their USD transactions and access the benefits of having a US bank account.

It’s worth noting that opening a bank account with Zenus may have some restrictions or limitations as per the US bank regulations and it’s always recommended to check with the bank before proceeding.

How to Apply for Zenus Bank virtual Account

Zenus bank follows standard Know Your Customer (KYC) procedures, which is a process of verifying the identity of the customers and assessing their potential risks for money laundering or financing terrorism. As part of this process, individuals who want to sign up for Zenus bank need to provide a passport photo, a selfie, a voice recording, proof of address documentation, and a W-9 form if they are a U.S citizen or a W-8 if they are a non-US citizen. Later on, Taxpayer documents and proof of employment will also be needed. These documents are typically used to confirm the individual’s identity and address, and to ensure that they are not on any watchlists or prohibited from opening a bank account.

To sign up for Zenus bank, individuals need to install the Zenus app for Android and iOS and complete the application form. The application cost is $50, which is refundable until the end of 2023.

Once the account is opened, there is no requirement to make a deposit or hold a minimum deposit in the account. However, individuals will need to make sure their monthly account fee is paid and that there is regular activity on the account, otherwise the account will be closed. This is to ensure that the bank is not in violation of any regulations and the account holders are using the account as per the terms and conditions.

If the details provided are correct and meet the requirements, the account application will be automatically approved at the same time it’s made. If further supporting information is needed, Zenus will contact the applicant within 48hrs (business days) to explain what’s needed. This is to ensure that the bank has all the necessary information to comply with regulations and to ensure the safety of the account holders and the bank.

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deposaja July 18, 2020 - 12:21 am

Hello i am kavin, its my first time to commenting anywhere, when i read
this post i thought i could also create comment due to this
brilliant piece of writing.

joel malette September 4, 2020 - 2:15 pm

hello my name is Joel Malette im a us citizen but don’t leave in the us and i need to open a us bank account and i also have my SSN so can u please help me to find a bank for me .

Kelvin September 4, 2020 - 5:27 pm

What an amazing piece.can you please verify block ,io for creating a business name and getting a USA virtual Account number.

Micheal Christopher September 26, 2020 - 11:58 am

Nobody should ever use payoneer. I have lost $75k in total to payoneer alone. Don’t say you were not warned.

umair elahi October 2, 2020 - 2:33 am

Me too lost heavy amount payoneer not recommended

Emmanuel February 13, 2021 - 10:11 am


Bamal May 7, 2021 - 4:09 am

Thanks a bunch for this useful information.
I am a freelancer providing online services worldwide. Please, I would like to have A US virtual bank account to link to PayPal.
Can you be of help, please?
I look forward to hearing from you at your earliest convenience.

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