Open Us Bank Account for Non Us Resident : The Importance of a Non-Having Resident’s a Bank Account in the United States

You are not a United States citizen. In the United States, you do not have a bank account. You will get the bulk of your receipts and payments in the form of checks. The check is cut and mailed to you in your home country, if you have one. It may take between 2-4 weeks to reach you, depending on your location in the globe and the continent you reside on – that is, if it is not lost in transit.

As soon as you get your cheque, deposit it immediately with a bank in your country of residency. Your local bank will collect the check and return it to the United States, where it will be collected by her correspondent bank or agents, as appropriate. Depending on your location, delivery may take 2-4 weeks and an extra 2-3 business days to clear customs and import charges. Consider the time necessary to get your money (4-8 weeks) after you open us bank account for non us resident.

What are your alternatives then?

Even if you are not a US resident, you must have a US bank account. However, because to the war on terror and the Patriot Act, doing so at the moment is essentially “impossible.” However, there is a way to achieve this.

Allow us to take a brief look at how you may create a bank account in the United States if you are not a resident.

The first alternative is to form a business in the United States and have a physical presence there as well. You should keep in mind that this is a somewhat costly option! How many of us have the financial resources necessary to do so?

The second option is to pay someone to do it for you for a fee ranging from $400 to $800. Additionally, it is costly.

The third alternative is to buy data on this subject. Numerous great studies are available that illustrate how to do this work independently. The studies may be purchased for between $20 and $97.

Paying for information or employing a firm or person to do the activity for a fee are other viable solutions. Whichever option you choose is totally up to you and your financial circumstances. You are not obliged to incorporate in the United States prior to establishing a bank account in the country. This is an inefficient and expensive method.