EMI with US bank accounts

[Forester]

burden said:
Hey everyone, does anyone know about any EMIs that can set me up with a US bank account, but not the usual ones like DEUTSCHE BANK, Wells Fargo, Citibank, Community Federal Savings Bank, Bank Of America, or Wise?

eBay's pretty much blocked all these big names for payments, and I'm looking for a workaround to keep selling there. Got any tips on EMIs that eBay hasn't blacklisted yet, ones that are good for making transactions?

Maybe some new or not so famous banks that can do the job? Really need some solid advice here finding a good bank that eBay's cool with is super important for my shop.
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🙂 Again: please clarify the essential information ”“ for what subject do you need such an account? US company, non-US company, personal account (probably for non-US resident, otherwise you probably would not have asked 😉 ). It matters a lot.

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[EliasIT]

I would be interested to learn the same. I can't see why it is important for you to have, yesterday I learned from another thread that Wise is able to open real US bank account if you're US resident.

And what is wrong with the banks?
Wells Fargo - Routing: 121000248
Bank Of America, NA - Routing: 121000358

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[Alexmorgan]

EliasIT said:
I would be interested to learn the same. I can't see why it is important for you to have, yesterday I learned from another thread that Wise is able to open real US bank account if you're US resident.

And what is wrong with the banks?
Wells Fargo - Routing: 121000248
Bank Of America, NA - Routing: 121000358
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Even if you are not US residents you still can but seems they are avoiding asian or african residency of the accounts holders

 

[EliasIT]

Alexmorgan said:
asian or african residency of the accounts holders
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why ?

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[SoNewToAllShit]

Alexmorgan said:
Even if you are not US residents you still can but seems they are avoiding asian or african residency of the accounts holders
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What about EU citizen holding an EU passport?

 

[ilke]

SoNewToAllShit said:
What about EU citizen holding an EU passport?
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You can usually get the Wise US account. You just need to click that you certify you're not a US citizen / taxpayer, and you get an account at CFSB. I'm pretty sure Americans get the Wise US Acct. Nums through a different bank like WF or Chase

 

[SoNewToAllShit]

Oh thank you, very helpful.

 

[JohnLocke]

Alexmorgan said:
Even if you are not US residents you still can but seems they are avoiding asian or african residency of the accounts holders
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Where did you get this from ? do you know what the reason is ?

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[daniels27]

JohnLocke said:
Where did you get this from ? do you know what the reason is ?
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Wise is not open to all residents. It is mainly due to local regulations or US sanctions. You can find the list here:
https://wise.com/help/articles/2978049/which-countries-can-i-use-wise-in
There are further restrictions to whether you can have a balance on the account (i.e. Wise action as bank that keeps money) and further restrictions on whether you can also get US bank details:
https://wise.com/help/articles/2813542/where-can-i-open-a-wise-balancehttps://wise.com/help/articles/2810318/can-i-get-usd-account-detailsNote that even Nevada has restrictions.

 

[lory]

Mercury Bank is more or less currently only for businesses, so it would be interesting to hear about a good alternative for individuals who want a US bank account.

 

[daniels27]

lory said:
Mercury Bank is more or less currently only for businesses, so it would be interesting to hear about a good alternative for individuals who want a US bank account.
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Any high street bank will open it once you are there. Otherwise, you apply for an ITIN and then open them online. It is cheap and good quality,

Charles Schwab International is available in any case and offers good service as well.

 

[Alexmorgan]

daniels27 said:
Charles Schwab International is available in any case and offers good service as well.
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Do they provide me a US account with routing numbers for my business and personal?

 

[lory]

Good question, does someone know if they provide a routing number for US accounts?

 

[12345]

daniels27 said:
Any high street bank will open it once you are there. Otherwise, you apply for an ITIN and then open them online. It is cheap and good quality,

Charles Schwab International is available in any case and offers good service as well.
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not possible to open brick and mortar bank account online in USA

 

[daniels27]

12345 said:
not possible to open brick and mortar bank account online in USA
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With ITIN and US address no problem. Without, it gets more difficult, there always are some banks that do it for you if you look hard enough.

 

[12345]

daniels27 said:
With ITIN and US address no problem. Without, it gets more difficult, there always are some banks that do it for you if you look hard enough.
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Are you sure, have you ever opened us account remotely? Bank reps told me that due to regulations its not possible to a bank account remotely for a foreigner. I spoke to a guy experienced on the ground and he confirmed the same

ITIN and US address is mandatory

 

[daniels27]

12345 said:
Are you sure, have you ever opened us account remotely? Bank reps told me that due to regulations its not possible to a bank account remotely for a foreigner. I spoke to a guy experienced on the ground and he confirmed the same
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It is utter nonsense of a guy without clear understanding of the actual laws. You also find bank reps claiming the same about SSN being mandatory. Fact is, nothing is mandatory. The bank just needs to follow KYC and AML etc. and non of those require an ITIN nor a US address. I opened many bank accounts remotely in the US both for me and for a foreign company.

Last edited: Apr 26, 2024

 

[12345]

daniels27 said:
It is utter nonsense of a guy without clear understanding of the actual laws. You also find bank reps claiming the same about SSN being mandatory. Fact is, nothing is mandatory. The bank just needs to follow KYC and AML etc. and non of those require an ITIN nor a US address. I opened many bank accounts remotely in the US both for me and for a foreign company.
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Can you say which bank ? Personally I called like 8 US banks around 6 months ago for business bank account and everyone of them told me that I need to be there in person and have an ITIN
That is experience of others as well, I opened business Bofa and ITIN was mandatory

On the hand I know a foreign guy owning property in Florida and he managed to open personal bank account without ITIN (bank of america)

 

[JohnLocke]

daniels27 said:
I opened many bank accounts remotely in the US both for me and for a foreign company.
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Mind to hint about one or two of them if you have opened many ?

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[Marshal]

JohnLocke said:
Mind to hint about one or two of them if you have opened many ?
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Would certainly be nice if he could share with us