In this text, how to open a bank account, who can open a bank account, and other crucial details about opening a bank account in the United States are shared.
Why Open a Bank Account in the United States?
Opening a bank account in the US, offers you several advantages, including much easier money withdrawing and transferring activities, especially across the continent. Due to anti-money laundering and anti-terrorism laws in the US, opening a bank account as a foreigner and non-resident will require much complex application and paperwork processes.
Can Anyone Open a Bank Account in the United States?
As an applicant, holding a valid Social Security Number (“SSN”) will ease the whole process of opening a bank account. Holding an Individual Taxpayer Identification Number (“ITIN”) will also ensure a much easier application process, considering you have already interacted with the IRS. In most cases, however, you will be able to apply to open a bank account, yet the bank still wants to meet you in person in order to complete the process, due to the Know Your Customer (“KYC”) practices.
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https://clemta.com/blog/should-i-visit-usa-to-open-a-bank-account
