How to open an US bank account as a non-resident?

Opening a bank account in the United States as a non-resident can be complicated and time-consuming, but it is possible. To open US business bank account as a non-resident, you must provide certain documents and information to prove your identity and residency status. Here are some steps to help you get started on the process:

1. Choose the right type of account: You need to decide what type of US bank account you want to open. Consider whether you want a checking or savings account, or both. You should also consider what types of fees the bank charges for their accounts.
2. Gather Documentation: You will need to provide certain documents and information in order to open a US bank account as a non-resident. This may include your passport, proof of address, proof of income, tax identification number (if applicable), and other documents that may be required by your chosen financial institution.
3. Find an Appropriate Bank: Once you have gathered the necessary documentation, you will need to find an appropriate US bank where you can open an account as a non-resident. Look for banks with good customer service, low fees, and convenient locations or online banking options if applicable.
4. Complete the Application Process: Once you have found a suitable

Consider the residency requirements for each us bank

Major banks in the US: This route usually requires US residency (although not necessarily a primary residence) and requires you to travel to the US to visit a bank branch and open an account in person. You will need specific paperwork, so be sure to call ahead to find out the requirements before you go, as these vary from bank to bank.

Most U.S. banks require international students to provide a range of documents, including a passport with visa, I-20 and proof of residence, and a U.S. address. However, international students can also open a U.S. bank account in their home country. See this section of this blog for more details

Research the various us bank account options available to non-residents

Bank of America is an interesting option, with accounts ranging from everyday banking to business checking accounts. U.S. banks also have non-resident accounts, but you may need a U.S. address to apply, which is more for people who live between the U.S. and another country.

In our opinion, the best US bank account for non-residents is the Wise account, which gives you US verification details and a debit card to spend in over 50 currencies, including US dollars. If you’re looking to make significant investments and don’t mind paying high fees for a full checking account, then Zenus Bank, a U.S. offshore bank with full reserves, maybe the better bank for you.

View the pros and cons of opening us bank account as a non-resident

While opening a U.S. bank account as a non-U.S. citizen may take more time and effort, the benefits outweigh the steps involved. It’s also worth doing some research, as different banks have different practices and requirements for opening your first US bank account.

Whether you are planning to move to the US or are just looking for a US dollar bank account, opening a US bank account online as a non-resident can be a tricky process full of requirements and lengthy bureaucratic procedures.