#usbankaccount_for_nonusresidents #usvirtualaddress #ITIN
OPEN US BANK ACCOUNT AS NON US RESIDENT:
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Open US Virtual Address:
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Requirements to open US Bank Account:
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IMMIGRATION:
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In today’s video, we are going to talk about how a Foreigner can open a US Bank Account.
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There are a lot of business opportunities in the US but a lot of foreigners are not able to take advantage of these opportunities because they do not know whether or not it is possible to open a US bank account. The answer is yes, a foreigner, non-resident, expat, or traveler can open a bank account in the US. However, the process is not as easy as it used to be and requires patience and planning.
According to the Civil Rights Act of 1964, banks and private institutions can contract with foreigners but unfortunately, many banks rule it an unsafe option and avoid it while only a few banks have this as a valid option.
After 9/11, the Patriot Act set strict regulations for foreigners opening accounts in the US banks to avoid money laundering and terrorism problems. All banks must follow these guidelines to verify the individual’s identity.
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