Us Based Bank Account for Non-residents : Accounts in the United States of America for Non-Resident Businesses and Freelancers

While not everyone can be an American, there are times when some camouflage is necessary. If the majority of your clients or revenue originates in the United States, you may need to discover a strategy to expedite or reassure transactions by posing as a fellow American. Or at the very least, having a “legitimate” bank account in the United States of America.

To get paid by Amazon as a content supplier, you must have a US bank account. Numerous other industries are so oriented on the United States that engaging with outsiders is entirely foreign and intrinsically impossible. Even if your consumer is content to deal with you, the complexities of currency conversions, routing to international institutions, and additional fees, among other things, may wind up hurting the relationship. It is much preferable to have a us based bank account for non-residents that does not demand any explanation or difficulties in order to pay your money.

Since 9/11, most US institutions have increased their examination of financial transactions with foreigners. The critical law is usually referred to as “know your customer,” which many banks interpret as requiring a physical visit to the location where you are opening an account. Not very feasible when a ten- to fifteen-hour aircraft travel each way is involved, let alone passports and visas!

There is, however, a workaround for this that needs some money and engaging with a more outward-facing financial system: internet brokerages. Foreign investors are welcome in the US economy’s publicly traded enterprises. Almost every brokerage firm in the United States is linked with a bank. To open a brokerage account, you must transfer cash from your own bank and give a copy of your passport, as well as maybe other paperwork. Once you’ve established a brokerage account, you may apply for a checking account via the brokerage’s affiliated bank.

Obtaining a street address in the United States is quite simple, but rather costly in terms of monthly fees and freight expenses for mail forwarding. However, some of these services will enable you to operate as a US firm nearly fully openly. Your mail will be delivered and your US phone number will ring globally. Simply as long as no one comes knocking on your door looking for you!