The United States is the cradle to receive foreigners from anywhere on the planet. And at the financial level it is considered a vital tool not only for those people who live from international business, but it is also a very powerful weapon in the world of offshore banking for any type of operation you want to carry out.

Can non-residents open U.S. bank accounts?

The immediate answer is a resounding yes with 100% security. Non-resident individuals and businesses have a wide variety of possibilities to open accounts even remotely, without travel or travel. However, no matter how many options you may have in the United States, sometimes applications are rejected for not handling the correct information. This is where we are going to give you all the data you need.

What are the benefits of U.S. bank accounts for non-residents?

Regardless of your banking intentions as a non-resident has its advantages and in a jurisdiction as large as the USA, the list is long.  Let's start the list with the low fees and minimum requirements for opening accounts, the option of a credit history development, access to credit cards, banking system, investment products and brokerage in the US... And endless benefits depending on the operation you want to carry out in this nation.

As you can see, there are too many benefits to mention them all in a single article. Although it is worth highlighting one among all: American credit cards, since these are sought after for having the most attractive and profitable rewards in the world. In addition, non-U.S. residents can access them if they have the correct information.

It should be noted that as any jurisdiction can present its drawbacks, such as delivering an incorrect document, the constant rejection of applications, some banks can be strict with some documents. But with the necessary advice from the Foster Swiss team, we guarantee you the best experience for the realization of any of your operations.

How to open a bank account in the U.S.? For non-residents

What you need to know to open an account in the USA will depend on the region you choose.  Although it is not an impediment to give you some basic requirements that most banks can request. The main thing is to look for a bank that allows remote account opening. Having your passport or identity number at hand and valid is elementary.

Proof of address and mailing address in the U.S. is required, or in simpler words, a service bill, minimum U.S. phone number deposit, and tax identification number (U.S. or foreign). All these requirements may vary, but they are documents that must be taken into consideration to be prevented.

For such a large country with a wide variety of options to choose from, it can be overwhelming. The Foster Swiss team helps you find the right bank for your application, from accounts, companies to offshore companies, without the need to travel or be a resident. If you have more questions you can contact us at info@fosterswiss.com