If you tried so many times to get a US bank non resident account then you probably know how tough that is to acquire. Some banks may ask you for a minimum of $2000 deposit of cash, while others can go even more and ask you the staggering sum of $10000. If you don’t have that kind of money, then do not worry. I will let you in on some advice on how to set your own non resident account in the next minutes.
“Why would you need a US bank non resident account?” is a very simple question to answer. While there are methods of withdrawing your money from accounts like PayPal, there will be at some point in time people in the United States who will be sending you checks in US currency. This causes you to have your money filtered through fees which will be applied every time you will decide to undergo a transaction which involves withdrawing your money. This is very annoying. Especially when you are being wired some money to your PayPal account, because they have their own exchange rates which are to your disadvantage and among that, they still have a fee of over 3% which is very much.
Having such an account worked out is not a complicated task. The paperwork is just so simple and the only thing you will require for this is a photocopy of your passport. No certification and no notarization. Also, you will not be needing any reference letters from other banks and there will be no need for a credit check.
There are several advantages you will be getting along with a US bank non resident account, one of them being the possibility of receiving inwards transfers from just about anyone. The online banking is also very good and you will be able to check your transaction history, check your balance, transfer money from and to other bank accounts, and so on. Another great thing is that initiating an ACH transfer from and to other US accounts is free. Your initial deposit will have to be of $1000.
While there are mentionable advantages of this type of account, there are surely some disadvantages as well. If you are working with PayPal, you will be able to transfer money from that account to your US account, but not vice versa.
Grab my guide on how to open US Bank as non resident, => us bank non resident, right now!