US banks

[daniels27]

You mean those without SWIFT membership may be able to do CRS? I‍ doubt.

It normally is only the big ones that like foreigners in the US. EverBank⁠ was once in that business but with the sale to TIAA they stopped doing foreigners.⁤

 

[12345]

You would need physical US address and most likely an ITIN number to open a‌ bank account in traditional bank like citi bank, bank of america etc.
Since you say‍ its for small amount like 2k $ then I'd consider online bank like zenus.

 

[Allenk]

It's to receive money. 🙂

I'm looking for an online bank that only requires a⁤ proof of address for verification, not the SSN, Visa or ITIN numbers.

It looks like⁣ Zenus is perfect for this. Zenus Bank | US Bank Account Requirements.

Do you⁢ know any others I can check out (except Wise)

 

[daniels27]

Amnis, requires $100k FX turnover per year
majority.com
global66.com
revolut.com
wise.com

To be frankly honest‌ with you, I would recommend you to either go to the US and open an‍ account with a real bank or get an ITIN for a few bucks and then⁠ open a Capital One account. Both options are way better than limiting yourself to those⁤ EMI which are here for the time being and may go any time.

 

[LosAngeles]

Can you confirm if both majority.com and global66.com are accessible for LLCs⁢ as well?

 

[daniels27]

For US LLCs? I think for business accounts there are way‍ more choices than just those two.

 

[USDT]

Could you please explain in more⁢ detail why something is supposed to happen in 3 years? Do you mean 3 years︀ of account inactivity?

Are there any consequences for a non-resident obtaining an ITIN (any new︁ obligations, restrictions)?

 

[Leo Vanguard]

This guy content is pretty good on US banking and credit cards for non-residents:

 

[daniels27]

Yes, 3 years of inactivity and the bank must close the account and give the money‍ to the state.

No.

 

[SWinja]

If I'm an alien and would travel‍ in US in order to open business bank account for US LLC, how can I⁠ confirm my physical US address?
I have a virtual mailbox from Mailroom that allows to⁤ receive regular mail (they scan it), would it be enough?
And yes, I do have⁣ ITIN.

 

[daniels27]

You open⁠ a personal bank account with capital one or any other high street bank using your⁤ mailroom address. 28 days later, you can download an account statement, which serves as address⁣ proof.

 

[SWinja]

Ok, what if I already have Wise⁠ bank account and an account statement from them with my mailroom address. Would it work⁤ too?
Just to not wait 28 days and be able to make it within a⁣ single trip to US.

 

[daniels27]

It will work at some banks while another manager may not accept it. I⁤ have seen managers accepting the address of an ongoing online banking session with another bank.⁣

With an ITIN you may also have luck remotely opening your account.

 

[SWinja]

With ITIN, are we talking about classic banks, not EMI ones?
If so, do⁤ you have some bank on your mind to try out?

EMI solutions do not work⁣ for me unfortunately as I have Russian citizenship, however I'm resident of Spain for a⁢ long time.

 

[daniels27]

Russia... Hm. Have you tried Mercury or TD?

 

[SWinja]

Mercury and‌ other 5-6 EMIs rejected me in 2022.
I will try with TD, thank you!

Btw, do you think that I would get more luck in classic banks by opening business‍ account in person rather than doing it with EMIs? (taking in consideration my Russian citizenship)⁠

 

[daniels27]

Yes, definitely. If you want to save time⁤ travelling, then get a personal bank account first and then go to the banks in⁣ person with your address proof. Plan enough time, you may need to visit a few,⁢ the bankers have quite some discretion whether to open an account or not. Vakifbank USA︀ may also be an address to look at.