Open bank account as foreigner in USA
Is it possible to open a bank account in the US from abroad: how the procedure works and what banks require
The United States of America is a country with a highly developed banking system. Bank customers have access to a wide range of financial services and products and can open a personal or business account for themselves or a company respectively.
If you want to open a bank account in the US as a foreigner remotely, you will not be able to do this in many cases, and you must be present in person to be interviewed by a bank manager. This is due to the fact that US banks must comply with certain conditions:
- Customer identification programs.
- The bank's Know Your Customer principle.
- Anti-money laundering measures.
For this reason, it is quite difficult to open a bank account in the USA as a foreigner online because activities associated with the mentioned rules are impossible without a personal presence.
However, sometimes, foreigners open bank account in US online since some banking institutions are interested in attracting new clients, including non-residents.
For example, if a company wants to open an account in the United States via the Internet, it may contact Wells Fargo Bank. The banking institution is very strict and careful in checking the existing business and all persons associated with the company. At the same time, it is possible to apply for an account opening online and even by phone. In this case, bank employees will provide instructions and a list of required documents.
Open a Bank Account in Turkey
Since Turkey is not a member of the European Union, local credit and financial institutions are quite loyal. They work with all individuals, including non-residents and companies, even organizations from offshore jurisdictions.
learn more
Open a Bank Account in Andorra
To find out the exact account maintenance fees, opening conditions in Andorra, required documents, available banking services, and other details, contact the specialists at Incluence Limited.
learn more
Open a Bank Account in Bulgaria
Before joining the European Union, Bulgaria completely revised its banking legislation in line with European requirements. Now, opening a bank account in Bulgaria is mandatory for everyone who wants to study in this country or apply for a residence permit. This rule also applies to companies planning to do business in Bulgaria.
learn moreOpening an Offshore Bank Account
Companies registered in offshore jurisdictions open bank accounts to run payment operations. Requirements differ noticeably between corporate clients and individuals, and the bank alone decides whether to open the account, so preparation drives the result.
learn more
Open a Bank Account in Gibraltar
The state of Gibraltar is under the jurisdiction of the United Kingdom. The government of this country pays special attention to the development of the banking sector, since this area is one of the sources of investment inflows and, therefore, an integral element of economic growth.
learn more
Open a Bank Account in Poland
Incluence specialists offer one of the ways to protect your capital: opening a bank account in Europe. This is not only a reliable but also a convenient option, as it makes it easier for entrepreneurs to cooperate with a variety of partner companies.
learn moreFrequently Asked Questions:
American banks open accounts for local companies with an EIN number. However, beneficiaries must have an SSN or ITIN. We can easily help you with getting the numbers you need and opening an account.
We select banks taking into account the country of registration of the company, residence of beneficiaries and directors, planned turnover, required currencies and regions of payments. When selecting a bank, its reputation and rates are also taken into account. In order to select the most optimal option for your company, please contact our specialists.
In order to open an account in US banks, it is necessary to fill out and submit banking KYC and AML forms, the company's statutory documents and personal documents of directors and beneficiaries during a personal visit to the bank. The Bank may additionally request agreements with partners and other information.
Opening an account with a classic US bank usually requires a personal visit of a company representative. But there are also online banking platforms in the USA that allow you to open accounts online.
