From India, How to Open a Bank Account in the United States of America (In the absence of a Social Security Number)
Indians may easily open a mobile bank account in the US currency with US banks without providing an American social security number or proof of residency in the United States.
US banks give Indian citizens with the security of US cash, a place to deposit their US earnings, and a Mastercard that can be used to purchase goods and services in the United States and abroad. Even better, by using Wise, you may transmit money across the two countries without incurring any additional fees.
Knowing that one may have access to US bank account from India in the United States has a number of significant advantages for both Indians who travel often to the country, such as business owners or students, and those who have never set foot in the country.
Advantages for Non-U.S. Residents
Indians who live in India but want to open a bank account in the United States will discover various benefits to banking globally from the United States:
Store US dollars (USD) as a hedge against the Indian rupee’s increase in value (INR).
Spend money on US-based friends and family members; invest in US stocks, ETFs, and other portfolios.
Debit or credit cards may be used to make purchases online or while travelling abroad in the United States of America.
Advantages for United States residents and regular tourists
Along with these advantages, Indians physically present in the United States may take use of other cost-cutting and stress-relieving services, including the following:
Your US earnings should be instantly transferred to a local bank account.
Receive ready-to-spend international wire transfers in US dollars;
Avoid the foreign transaction fees associated with international credit cards and boost your credit score at the same time.
Submit an application for a home loan in the United States.
A student loan may be available to assist you in financing your study in the United States.
Due to the use of secure verification technology, digital banking organizations may open an account for you with as little as two pieces of documentation. To create an account, go to your service provider’s website and follow the on-screen instructions. This procedure may take as little as ten minutes to complete. Kindly submit your full name, contact information, and personal information, as well as any supporting paperwork.