How to open US Bank Account without traveling to US
Opening U.S Bank Account, normally, requires the account owner to be physically present before the preferred U.S bank. This is mainly for verification and identification of the account holder. However. There are some ways with which foreigners can own and operate U.S bank account without really travelling to the state. This article highlights most of these strategies.
We should recall that the best option is to find a U.S. bank (such as Well Fargo, Citibank, or Bank of America) that also has a location locally in your country that will allow you to open up a U.S. bank account.
It’s always a good idea to have your bank close to you. You can open up a business bank account in dollars in your home country, if possible, in a bank where they already know you.
First, talk to the bank in the U.S. They will tell you that they need to identify you in person to open your bank account. You can tell them that their local branch in your home country could do that identification on their behalf — then ask if that would work for them.
If this is the case, ask for their contact information and ask them to call the local branch you are going to visit.
Then go to that local branch in your country. Tell them you are opening a bank account in the U.S. and that you just need them to identify you with your driver’s license or passport, and tell them that they’ll get a phone call from their headquarters in the U.S. asking for your identification.
The point here is to make the U.S. bank branch in your country provide the identification check in person procedure required by the Patriot Act by meeting them in person with the proper identification
If the above option is not achievable in your country you can try out any of these five other highlights.
With Payoneer you get U.S. virtual bank account that accepts payments from American companies only.
Pros: no setup fee
Cons: transaction fees, virtual bank account limitations
2. Friend/relative/someone in the United States
You can ask someone in America to open bank account and put you onto their account. Or make someone with SSN a part of your U.S. company and ask them to open corporate bank account for you.
Pros: real U.S. bank account
Cons: another person has control over your money
3. Get a friend in US bank
You can try to establish friendship with the bank manager. And they might help you open bank account remotely.
Pros: real U.S. bank account in your name
Cons: 99.9% of banks do not allow to open accounts remotely for non-residents — you will likely to get your account shut down by the bank security department at some time in the future even if you pulled of remote opening.
4. Power of Attorney
You can hire an American lawyer to open bank account for you.
Pros: real U.S. bank account
Cons: another person has control over your money, complicated taxation, expensiveness (service price usually starts at $2000)
5. Use service companies that open U.S. bank account for you.
Written by Ibraheem Sikiru
Published on 1/1/2020 2:46:11 AM