Any ideas for opening a US bank account for foreigners

Mortgage Brokers & Lenders
9yFollow

Any ideas for opening a US bank account for foreigners

Tzook Bar Noy
Rental Property Investor · boca raton, FL · Member since 2015 · 43 posts · 20 votes

Hello BP's,

I'm not a US citizen and I would like to open a US bank account.

Any ideas on best options, and more importantly the provide service and support online.

Thanks!

0Reply
9 views

Most Popular Reply

Dani Beit-Or
Investor · Irvine, CA · Member since 2009 · 259 posts · 183 votes
9y

Hi Tzook (Ahalan), 

Opening a US bank w/o stepping into a branch is currently not possible to do (terror and money laundering are the reason).

If you plan to visit the US than you can go into a branch and do so. 

You may be able to use your paypal.

Many times bank is not a MUST have but a nice to have when it comes to investing - but may vary based on your needs. 

If you have a relative who's willing to open you an account under his name it would be a possibility. 

1Reply
See this reply in the discussion

4 Replies

Jump to latestLatest
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    9y

    if you are in the US then you typically will need to show some form of legal entry (passport/visa) and identification. You can open one without a social but it is tougher as banks run a lot of background checks. 

    7e investments53 Reviews
    WebsiteView Page
    0Reply
  • Dani Beit-Or
    Investor · Irvine, CA · Member since 2009 · 259 posts · 183 votes
    9y

    Hi Tzook (Ahalan), 

    Opening a US bank w/o stepping into a branch is currently not possible to do (terror and money laundering are the reason).

    If you plan to visit the US than you can go into a branch and do so. 

    You may be able to use your paypal.

    Many times bank is not a MUST have but a nice to have when it comes to investing - but may vary based on your needs. 

    If you have a relative who's willing to open you an account under his name it would be a possibility. 

    1Reply
  • Kourosh Behnam
    Investor · Los Gatos, CA · Member since 2016 · 7 posts · 5 votes
    9y

    Hi Tzook Bar Noy,

    Turkey is right next to Georgia and they have HSBC bank. Maybe if you open up a bank account with them, you can use it in the US because HSBC has a presence in the US. When I studied abroad in London for a semester I created a HSBC checking account in the US and I was able to use it in London. Doesn't hurt to ask.

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free