Why Use an Online Bank Account?
You can have a US non resident bank account even though you are not a US citizen. The procedure to open an account will vary slightly as will the rules governing non resident accounts.
With the internet growing in popularity until we have reached a stage where most people cannot do with the internet, having an online bank account is now very common. In fact, most people are aware of online banking which only offers an online presence. Though people are aware of these banks there is an element of fear which holds them back from actually setting up an account. Some people cling to their orthodox ideas and want to see brick and mortar structures before they will transact their business. This article will help you shed your fears.
How will using an online bank benefit you? You will find detailed below some of the advantages to be had by using online banking.
One of the main reasons why you should use online banking is that you get a better rate of return on your money when compared to any of the …
How to Open an US Non Resident Bank Account
If you are non-resident who is temporary or otherwise of the United States of America, you can still open a bank account quite easily. The process is not complicated as you will soon find out from reading this article. Non residents have to follow a different process from the one followed by residents to open a US bank account.
You will need to provide two types of identification that has a photograph; one can be your passport and the other may be your driver’s license or even a student card, if you are a student. There are banks which may ask for a social security number; however, this is not a mandatory rule and will vary from bank to bank. Often the bank authorities can waive the requirement and open the account for you.
Other types of documentation that you will need to provide include proof of residence. This proof has to be for your present residence only and cannot pertain to some previous address you once lived at. In addition to all of the above, you will also have to fill …