How to Open a US Bank Account ONLINE as a Non-Resident
How to Open a US Bank Account ONLINE as a Non-Resident
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To open a US bank account online as a non-resident, follow these steps:
1. Choose a Bank: Research and select a US bank that offers accounts to non-residents. Popular options include Chase Bank, Bank of America, Wells Fargo, and Citibank. Online-only banks like Ally Bank may also be suitable.
2. Gather Necessary Documents: Collect the required documents to verify your identity and financial status. These typically include your passport or other government-issued ID, visa or immigration documents, proof of address, and either a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN).
3. Select the Type of Account: Determine the specific type of account you want to open, such as a savings account, checking account, or business account.
4. Apply Online: Visit the bank’s website and locate the online account opening section. Follow the provided instructions to initiate the application process.
5. Provide Personal Information: Enter your personal details, including your name, date of birth, contact information, and either your SSN or ITIN.
6. Verify Your Identity: Verify your identity by submitting scanned copies of your passport, visa, and supporting documents. Some banks may require a video call or in-person visit for further verification.
7. Provide Financial Information: Disclose information about your source of funds, employment details, and other financial information as part of the application.
8. Choose Account Options: Select the specific features you want for your account, such as overdraft protection, debit cards, and online banking services.
9. Fund the Account: To activate your account, deposit an initial amount of money as required by the bank. The minimum deposit requirement varies by bank and account type.
10. Wait for Approval: The bank will review your application, documents, and financial information. The approval process may take several days to a few weeks.
11. Access Your Account: Once your account is approved, you’ll receive instructions on how to access and manage your account online. This may involve setting up online banking, obtaining a debit card, and receiving your account details.
Remember that the specific policies and requirements for non-resident accounts can vary among different banks. It’s important to compare options and carefully read the terms and conditions of your chosen bank before opening an account. Additionally, consider any associated fees, as they can vary significantly from one bank to another.