Opening a USA Bank Account
Most of the main US banks will let you open a bank account, even though you may not be a permanent resident of the USA. I would recommend
choosing one of the larger banks, that has wire transfer facilities, on-line banking and can offer property investor loans, because
although you may not be able to qualify instantly, once you have build up a good relationship with you bank, you may be able to use
their financing.
I have accounts with JP Morgan Chase Bank and was able to open business and personal accounts just by walking into
their branches with a passport and proof of address. From my main accounts with Chase I am able to send out US dollar checks directly to pay bills
and taxes, without having the waiting time sending checks from the UK. Also my property managers that don't do direct deposit into my account
are able to mail checks directly to my bank, without me getting involved.
The Patriot Act has made opening an account from overseas virtually impossible, especially with the large known banks and if you can travel to
the US to open an account, it will make life easier. If you can't travel to the US to open an account in person, there are still ways to open
both personal and business accounts from overseas. Please contact me for more information on this.
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Please Note - The information contained in this section is only my opinion and should not be regarded as legal or tax advice