US Bank Account Outside US : How can you create a bank account as a non-US citizen?

Are you interested in opening a bank account in the United States of America? Provided this is the case, the process is relatively straightforward if you are a legal resident of the United States and can present a government-issued picture ID as well as proof of residence. What should you do, on the other hand, if you desire to create US bank account outside US? The method is quite intricate, to put it simply.

The need to furnish a social security number is paramount, and you will not have one if you are not a US resident. Apart from exploring the possibility of forming a business with a US corporate structure, your options will be quite limited.

The Current State of Play When It Comes to Opening a Bank Account in the United States of America

According to the International Monetary Fund, the United States has one of the most restrictive banking systems in the world. Not only will you be required to open an account in person at a traditional US bank, you will also be required to submit a substantial amount of documentation. This comprises a picture identity card provided by the government as well as proof of residence. All bank account applications must be filed by a United States resident with a valid social security number, a vital condition.

As a consequence, opening a bank account as a non-resident of the nation is very difficult. Non-residents may open accounts with a limited number of US financial institutions; eligibility varies by state; for more information, contact your local branch. Because you’ll need to visit the state in person to establish the account, this may provide a logistical challenge if you weren’t planning to visit the state in the first place.

However, incorporating a business in the United States is not straightforward. Not only is the process lengthy, but it may also cost you hundreds of dollars in legal fees and other expenditures.

After everything is said and done, if none of the options described above suffice, you may like to try establishing a Borderless account with UCB business solutions.