It is extremely important for foreigners and non-residents before submitting the application at the bank to know what the possible challenges to face when opening an account as a non-resident would be, so as not to make mistakes, save time and avoid committing errors that may entail to the removal of the application and most importantly to be successful.

Every banking entity has its procedures and rules that must be fully complied with, no matter how simple it may be. Keep in mind that you should always check the requirements and choose banks that are familiar with non-resident customers.

It may happen that some banks request the ITIN or SSN, despite knowing that non-residents do not have this information, so it is vital to know which banks work with non-residents and it is essential to know how to open a bank account without a tax identification number.

It is necessary to know that banks do not request such information before applying, avoid being rejected.

Provide a wrong address, this detail is important for banks, many banks in the US can reject without virtual offices and forwarding email addresses, although others accept these types of addresses without problems.

Opening accounts in person, many banks are very strict and require the physical presence of the person to open the bank account and verify the identity of it. It can happen that many times the accounts are blocked or frozen and in these cases they request the presence of the account holder in the bank to be reactivated and unblocked. Hence, it is essential to indicate a local telephone number for verification and activation of accounts or cards.

Frequent denials when opening accounts, on this point it may be even unfair that for a simple detail it may happen that an application is rejected, due to lack of identification, telephone number or identity verification, that is why it is very important that the non-resident client is prepared and advised at the time of delivery of the documentation required by the bank.

If you are interested in opening a bank account in the US as a non-resident, Foster Swiss can advise you. We help you in practically everything: we provide advice from the moment you choose the bank of your preference, the presentation of the documentation and, most importantly, the country that best suits your requirement. And of course we take care of the entire process for you.

For more information on this issue or any requirement related to our services, you can leave us a message in the comments section or contact us directly through info@fosterswiss.com