How to Open a Bank Account in the United States for Non-Residents

If you have an online business and want to expand into the US market, you've probably wondered how to open a bank account in the United States without being a resident. But, is it possible to open a bank account in the US from abroad? What requirements are needed? What options are available? In this article, we'll tell you everything you need to know to open a bank account in the United States for non-residents without having to leave your country.

When is someone considered a non-resident?

In the United States, a non-resident alien is considered someone who has not obtained US citizenship or permanent residency for tax purposes. If you don't have a Green Card or conditional residency permit, you are considered a non-resident.

Can I open an account in the USA without being a resident?

Yes, it is possible. However, the first thing you should know is that not all banks in the United States accept non-resident foreigners, and many of them require you to physically visit a branch to open the account. However, there are some online platforms that allow you to open a bank account in the United States as a non-resident without traveling, through partner banks.

What requirements do I need to open a bank account in the United States?

To open a bank account in the United States, you only need to meet two requirements:

• Have a company in the United States: It can be a Limited Liability Company (LLC) or a C Corporation (Inc.), which are two types of companies you can establish in the United States without the need to travel or have a physical presence in the country. You just need to be at least 18 years old and have a valid passport.
• Have a valid passport: This is the only identification document you will need to open the account since you do not need to have a Social Security Number (SSN) or a visa or a Green Card.

How to open a bank account in the United States without traveling?

Once you have a company in the United States and a valid passport, the process to open a bank account in the United States without traveling is very simple. You just have to follow these 5 simple steps:

• Step 1: Choose the platform that suits you best. Each of these has its advantages and disadvantages depending on your situation.
• Step 2: Register on the platform. You will need to enter some basic information about yourself and your company, such as your name, email address, company name, company type, state where it is registered, etc.
• Step 3: Submit your application. You will need to attach a copy of your passport and proof that you are the owner of the company, such as the certificate of formation or operating agreement, as well as answer some questions about your business.
• Step 4: Wait for approval. Once you submit your application, you will need to wait for the platform to review and approve it.
• Step 5: Enjoy your bank account in the United States. You can now start using your bank account in the United States to receive and send payments in dollars, as well as access other services and benefits offered by the platform you have chosen.

Advantages of opening a bank account in the United States with Relay

If you are considering expanding your business to the United States or need a dollar-denominated bank account, Relay Financial is an excellent option. Here are its main advantages:

• Virtual and Physical Debit Cards: Relay offers both virtual and physical options so you can manage your transactions conveniently.
• Facilitates Payment and Collection Management: You can efficiently receive and send payments, as well as integrate your account with other platforms you use for your business.
• Offers Credit: Relay provides you with the possibility of accessing credits, which can be useful for the growth of your company.
• FDIC Insured: Your funds are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.
• Low Fees: You won't have to worry about high fees when using Relay.
• User Collaboration: Relay allows you to securely grant role-based access to accountants or members of your team to collaborate on financial management.

As you have seen, opening a bank account in the United States as a non-resident and without traveling is possible, fast, and has many advantages. You just need to have a company in the United States and a valid passport, and choose the platform that suits you best. This way, you can access a dollar-denominated account with which you can do business in the US market and around the world.