Foreigners investing is U.S property (Best bank account to use?)

[Jason Shackleton]

For those of you that are investing in U.S property as a  foreign investor what U.S based bank account are you using? Please specify the country you are investing from so that others from your country can follow your strategy. 

Thanks! 

Jason,

[Bruce Lynn]

Almost all want to see USA address.....although that can be a PO Box normally or some kind of virtual private mail box.

Almost all I know want to see you in person and it can be hit and miss in different branches.  One Wells Fargo might say no, and the next yes.  Might also help to have some kind of ID that matches the address, but not 100% required.

Sometimes I suggest if there is a bank in your country that has branches here, open in your country first and ask them about US account.   So this could be banks like TD for Canadians, Citibank, sometimes Wells Fargo, sometimes BankofAmerica, HSBC works for many people.  There are some Asian banks like EastWest that works good for HongKong residents and has branches here.  They may be the easiest I've worked with, where you can open in US but sign documents in HK branch.  Most banks with branches seem to be 100% independent....ie Citibank Mexico is almost totally separate from Citibank New York...maybe just name is the same.

FYI when I use specific bank names sometimes it is a more general concept than the rules and regs of that specific bank.

There are some 100% online banks now like Ally, Marcus from Goldman Sachs, Chime....not sure if those allow international accounts or not.