Is it possible for a non-citizen and a non-resident to open a bank account in the USA? Yes. In this article, we will analyze how to do this to a person without an American passport remotely, as well as take a look at current conditions.
In the USA, there are strict rules of the banking regulatory system, according to which all banking institutions must comply with the standards of the AML and TF policy, as well as the KYC principle. Opening a bank account in the USA can be quite a complicated procedure due to the requirements of the financial market supervisory authorities, but having an appropriate level of training and duly prepared documentation will simplify obtaining an American account. First, it should be noted that the success of such a procedure largely depends on the goals of the opening. It is easier to do this if you often visit the country and plan to move to study, work or open a business. Therefore, it is important to clearly define what an American account is needed for. This question will be provided in the documents, as well as when communicating with bank employees.
By opening an account in America, you get access to your funds and can avoid significant fees while you are in the country. If you work with a local company, then you will not have difficulties receiving salaries. Also, American accounts, as a rule, offer the highest percentage of income from deposits, in comparison with banks in the EU or Asia. Moreover, it will be much safer, faster and more convenient for you to make money transfers and online payments.
Despite all the difficulties, our company has found an opportunity to open accounts in the USA remotely for companies whose founders are non-residents of the USA. Several of the possible options for opening a bank account that we offer include:
The opening takes 1-2 weeks. The price is negotiated individually depending on the client’s case, the requested quantity and configuration of accounts.
The opening takes approximately 3-5 days.
We can only open business accounts for American companies registered by your clients. We can also provide assistance in registering an American company.
In general, there are two processes:
For the option of banks, in which the presence of a financial director is required, there is a ‘bank management’ commission for account maintenance. This includes compliance, resolving issues with the bank, providing additional documentation to the bank, unblocking the Internet login (often occurs due to the fact that customers are from abroad), processing and sending payment checks, working with cash and other aspects.