How can I open US bank account as non residents from my home country?

Well. This is the question everyone ask.  A very common question that many people from across the world search in the internet. You see lot of results on google search pages. Different people have different answer. However,  have you got a complete answer? if no please read ahead. We will tell you all about us bank account for non residents,  with as much details as possible.

As you searching for US bank account for non residents, you might have registered a company in the US already. If not and if you still looking for company incorporation in USA,  you can register  your company with  us.

Opening bank account United States is not easy as it used to be earlier.  Due to increased fraud and criminal activities, US passed the Patriot Act. This impacted the ease of opening account by bringing in more stricter verification process.

However you can still open US bank account for non residents. The process will be more complicated than earlier. However it is not impossible.  Be it a business checking account or personal account,  you can still open US bank account without SSN.  There are millions of businesses in the USA owned by non-residents who run it smoothly.

Non-resident open a personal bank account without SSN

A foreigner  who is permanent citizen or holding a SSN can easily open a bank account in the USA. However open bank account in US without SSN  will be more difficult. If you are in the US, many banks like Bank of America, Wells Fargo etc will open personal account for you, if you walk into their bank branch with proper identification documents.  Additionally they may ask you for your ITIN. You can learn on how to obtain ITIN here.

Checking Account

A checking account can be used for routine transactions,  ATM withdrawals, debit cards, account transfers, and other services will be available with this account. You may accrue interest on these account. The rate of interest may depend on the bank you choose.

Savings Account

A savings account, on the other hand, is where you keep money saved aside for rainy days. They usually have higher interest rates than checking accounts. As a result, you’ll be able to generate more money with the money you’ve set aside.

You can open either personal checking account or personal savings account. Depending on your requirement, we can also help you to find. one.

US bank account open without visit

If you have a SSN, many US banks will open a bank account for you remotely, without visit. However if you  do not have a SSN then US bank account open without visiting is a difficult task. There are many money transfer service providers and online virtual account provider companies who will assist you in opening bank account in us without SSN, such companies  may not have all the features of a regular bank account.

However some banks may help you to open one remotely if you personally know anyone there, as the main reason for not opening remotely is the Identification issue.

Documents required to open US personal bank account

Once you decided on which bank  you like to get an accoutn in, you may walk into one of their  branch directly. Opening bank account online will be limited to only US citizens and residents who carry SSN.

The list of documents required by the bank may vary depending on the bank and branch. Most of the banks may ask you to provide proof of. your address, such as utility bill, rental agreement etc. However many banks may not have such requirements. You may call the branch beforehand, and ask for the requirements.

The most common  documents required for opening a personal account as below

• Valid passport
• Government issued ID (secondary ID proof)
• Utility bill
• Immigration documents
• ITIN/SSN

US business bank account for non resident

If you have setup a business in the US and looking to open US checking account as non residents? Well this will be easier than opening a personal account.

US allows foreigners to form their business entity in the USA, without even visiting physically. You can read more about company incorporation in usa in our blog section.

Most of US banks will allow opening business checking account for businesses owned by non-resident. However they may require you to visit their branch personally with your business formation documents. Further online banking and phone banking generally may not be available for businesses owned by non-residents. Hence you are required to visit the branch every time you need to do a transfer or any other banking activity.

In general the banks may ask you to submit below documents for opening a US checking account for non resident owned businesses.

• Valid passport
• Company incorporation documents.
• EIN Lettter
• Proof of business address
• Company URL
• Business phone number
• Business email id

Banks will setup your corporate accounts without residency. However they require your business to be registered in the USA. Some of bank may further require your business to be in their footprint.

Opening US bank account from India

Opening a US bank account from India is no different in opening from other countries. The level of difficulties will remain same. However you can approach us for a better solution, where we setup your entity in USA along with business banking.

There are many Individuals who successfully set up their company in usa and running business normally. US is a wide market and has enormous scope for startups. You can visit our blog section and read more on different kind of business opportunities which can run profitably with your US entities.

 

Open us bank account online: Without Visit

If you are a citizen of USA or permanent resident of the USA, you can apply for US bank account open online. You need to keep your SSN and other identification details handy for verification.  The approval of account in such cases depends on the bank & branch.

You can take help from UCB Business solutions to get  US bank account for non residents. They had helped many people from across the wold to get US bank account open without visit.