View Full Version : Can I open a U.S. bank account online?

11-27-2001, 09:00 AM
Anyone know of any U.S. banks that allow foreigners to open a dollar account online? I plan to use this for CJ direct deposit. What are the procedures and documents required if possible.

11-27-2001, 10:41 AM
etrade will allow you to do this.

You will need to complete some paperwork and post it in but you can do most of it on line.

The paperwork that you need to complete is to prove that you are not liable to US taxes and to allow the bank to inform your own country of the income so that you can be taxed. (This only applies if your country has a bilateral agreement with the US for this purpose.) You will face this with any US online bank if you are not a US resident.

There are a couple of snags of which you should be aware.

Unless you keep a certain balance, you will be hit for bank charges.

You may need to make some kind of deposit into the account in order to open it if your first CJ direct deposit is not both substantial and due real soon now.


11-27-2001, 04:57 PM

is another bank opening accounts for non US resident but with high minimum deposit

11-28-2001, 06:49 AM
Hi Wly we come from the same country, also wanted to open an account online but found it complicated. They were asking me for a Tax payers Identification number, you can apply one in irs.gov but the hardest part was a US mailing address. If you can get those two requirement then its all about choosing the right bank. But I guess the easiest would be is to go to citibank in makati and tell them you need a US bank account, minimum is high around $1000( not sure could be higher now), they will do all the work.

11-29-2001, 05:22 AM
Thanks guys for the info!

I called Citibank today and guess what the mininum for US Bank account is $50,000. :eek: That's unbelievable.

I am looking at eTrade but I need more info regarding them, I know they are a stock brokerage firm but didn't they are now also a bank. Some questions I got:

a) Who owns eTrade?
b) Are they a strong bank?
c) Is eTrade making money?
d) Do they operate a real bank or only online? What are the risks doing banking with them compared to a more traditional bank like Chase or Citibank.

Thanks and hope you guys can fill me in.

11-29-2001, 10:07 PM

I am interested to know what are the benefits to have a US bank account.

I cannot think of any good reason to have one
for non-US based affiliates.

And it may not be easy to withdraw cash from the US account, right?

Please enlighten me.

11-29-2001, 10:12 PM
Imaging getting the money you've earned from an ATM machine that you can use all over the world, another would be if your from a country that Paypal does not support yet you can verify your account with your US account.

11-29-2001, 10:41 PM
Just to add what trabaho mentioned.
Actually I am planning to use this for my CJ Account. Imagine having a U.S. bank account then direct deposit your CJ earnings and withdraw it from your local ATM. You do not need to worry about check being lost(probability is small, happened to me only once). But the best thing I like about this is the privacy because when I go to my local bank, I need to go through the process of changing checks and not deposit directly to the teller. So sometimes people are curious about you making this $$$. ;)

Anyway, I am now looking at Chase but why can't we access our accounts online. Just like what trabaho said, Chase requires a U.S. SSN or TIN in order to have online banking. So how can I check my balance?? Do I have to wait for my monthly statement to be mailed? And can I apply for a U.S. SSN or TIN online? Is that possible?

11-29-2001, 10:49 PM
First Internet Bank of Indiana looks really promising coz of the low maintaning balance ($100) but you should check out gomez .com for reviews and check under internet transactor.
I've emailed them about the requirments and they told me to fill out this IRS form and have it noterized in with your nearest US consul or lawyer. hope than helps.

11-30-2001, 06:30 PM
1. I would like to know if someone are using this method to receive money yet. Is it less costly and good?

2. We have to make sure withdraw cash overseas using US bank card. If there is hidden fee?
Per withdrawal fixed charge?
favorable currency conversion rate?

3. For Paypal problem, it is good to have a US issue credit card for non-US citizen. The US bank account is use for send monthly bill payment to the US credit card only. Do you think so?

Not many programs use direct deposit.
CJ is one. Linkshare and Befree are not.
I am still getting lots of checks.

Check missing and check writing problems happen to me very often, time consuming!

>>people are curious about you making this $$$.
I am not sure if this income is taxable in your country tax law.
May not be a big deal if I am not making lots of money for people to have curiosity.

Have to ensure that the income deposit to the US bank account is not subject to US tax. Including bank interest.
But I don't know what have to do?

Having a U.S. SSN or TIN means you have to pay US tax.
I think??

12-02-2001, 03:40 AM
When I read a similar thread to this at another forum a while ago, I remember another Australian mentioning TD Waterhouse, I believe the url is www.tdwaterhouse.com

12-04-2001, 02:26 PM
I guess you can try www.intercash.com if you're with one NM company, that they associate with.

It's very cheap as compared to those mentioned above.
I'm not with them but have only heard good things.
Let me know if any of you sign up. Jim Byrne heads operations there.

Pink Floyd Fan
12-04-2001, 04:54 PM
I've been following this thread closely, as I'd like to get a bank account in the US as well for dealing with checks from my ad agency and affiliates, so I can withdraw that money from an ATM machine in Brazil and so on...

I visited InterCash, and although their web site was really poor in information, it seems interesting. Now what is that "NM company" you mentioned? I noticed they say on the site that "The InterCash Pay Card is reserved for members of Direct Sales Companies" and that we "must apply through your Company". Any more information on that?

Thanks a lot,

12-05-2001, 01:06 AM
Even i :D also following this thread closely, as I'd like to get a bank account in the US as well for dealing with checks from my ad agency and affiliates, so I can withdraw that money from an ATM machine in India.

I know like us many members are following this thread closely and please if anybody have more information on this topic please post it here so all members will get benefit on this.


12-05-2001, 05:15 AM
Hey guys,

I just sent my application to Chase. I'll let you guys know if all the expenses that I incurred from these are worth it, not to mention the time and effort going to the embassy and other errands. Anyway I'll report back maybe a month or 2 from now.

12-06-2001, 01:40 AM
NM meant Network marketing.
You can have allegiance with any of the companies that Intercash partner with. I am with SFI and that's how I learnt of it.

12-13-2001, 06:15 AM
My application with Chase is in order so my account should be opened soon. I would just like to ask for feedback about Chase Bank. I have read many bad reviews from epinions and there is even a site chasebanksucks.com where I read one poster stating that the direct deposit to her account was credited to another person's account. Such horror as I plan to use this for my CJ direct deposit. Who here is using Chase bank can give me some comments. Thanks.

12-13-2001, 06:39 AM
Chase is one of the biggest and most prestigious financial institutions in the world, and are entirely reputable.

I think you'll find that any company of their size (particularly in the banking sector) would attract its fair share of consumer complaints and protest sites, but at the end of the day, your money is as safe at Chase as anywhere else it could be parked.

Having said that, I've never had an account with the bank in question.

01-08-2002, 09:18 PM
Wly, May I know your account is opened?

I need an US Bank Account to withdraw money from paypal.com.

If your account opened, let me know please.

01-09-2002, 05:40 AM
Hi Tony!

My acct. with Chase has been opened and I just received the Banking Card today. The problem is that it doesn't come with the Secret Code. I'm having problems right now because I dont know where to get the Secret Code :confused: I don't know if I can select that code from other bank's ATM within the CIRRUS network. Gonna try again tomorrow.

01-09-2002, 09:06 AM
Originally posted by wly
My acct. with Chase has been opened and I just received the Banking Card today. The problem is that it doesn't come with the Secret Code...
For security reasons, you'll always receive your pin number/secret code a day or so after the card. It's always mailed seperately to avoid the card and pin coming into the wrong person's hands at the same time.


02-13-2002, 03:45 AM
any body tryed this http://usmailingaddress.com
please advise on this.

02-13-2002, 03:56 AM
cashaday, quite a lengthy discussion about that service and related issues took place in the following thread: