FAQ USA Bank Account

Frequently Asked Questions

 

¿Why do you want a US Bank Account?
To receive payments ACH or Wire from US customers. To receive wires worldwide. So you can receive payments from USA citizens easy and fast.
You can transfer your money from PayPal, Stormpay and take it out from any VISA ATM machine. You can make investments in US and International Companies. You can get a FREE US check book. You can shop on line or at any establishment that accepts VISA.

If you use PayPal or Ebay to make some money ocassionaly. You need a US Bank Account.

If you have, or want to have, clients in the U.S. You need a US Bank Account.

If you want to make serious business in the Internet. You need a US Bank Account.

Which others ways to open US bank accounts by yourself?

Now there are 3 ways you can open an account in the US:

 How to Open an US Bank Account - Expensive Method: You can search in your local city if there is banks that gives this service. In my home town they ask for tons of papers and references. And a minimun deposit from USD$ 2000,00 to even USD$ 10000,00 (Yes, you read it right, ten thousands!). I don't think this is the best way.

How to Open an US Bank Account - Never ending Method: You can also spend weeks and months researching in he internet. Looking site after site, asking bank after bank, making phone calls and sending emails just as I did.

Banks will give you answer like this:

• "You need a Social Security Number."
• "You need a US Address."
• "You need notarized documents."
• "You need to come to US to sign some papers."

 How to Open an US Bank Account - The right way: Order our service and simply get all the information. Fill up the forms and send it to the bank along with your passport. (¡You don't have to send me anything!).

In 7 days you will have your bank account in the US. That simple.

Now, that's a good way to do it.

  

How long will it takes to open my US Bank Account?

It will take less than 2 weeks from the day you send out your application forms. "2 weeks" is actually the time it takes for your air mail to reach the bank’s office in the US. If you use a courier service like FedEx or UPS, it will take less than a week! Once they have received your forms, they will process your application within 1 working day. After your account application has been approved, they will send you a confirmation email so that you will know that your account has been opened. So far, none of my clients have been rejected.

Can I deposit US checks to the US bank account? (Adsense, Affiliate Commission, etc)

Yes, definitely. This is the one of the reason why people are looking forward to open a US bank account.

You will ask the payee to send the checks to you. After you received the check, you will need to sign at the back of the check (endorsed it) and have it mail back to the bank directly. They will deposit your check in 1 working day after they received it. And it is FREE to deposit your checks. You will save a lot of commission by utilizing this bank.

 

What is needed to open USA bank account?

 

The bank just ask you to send the applications and the copy of your passport to open your account. You will send the money after the bank send your account documentation, account number and web site password for e-banking.

Is there a initial deposit?

 

The bank requires an initial deposit of UDS $1000. However, you can open the account with no deposit and then add the amount you want.  However:

You got to have at least $50 to ask for your checkbook
You got to have at least $1000 to ask for your debit card

That's how the bank "control" the initial deposit of $1000

 

Is there any minimum balance?

There is no minimum balance after your account has been opened. Bu you should keep above $300 to keep ATM card active.

 

§  How can I make my initial deposit?
You can use Paypal, Stormpay, 2Checkout or any services that accept ACH transfer. Other ways you can make your first deposit: mail your deposit (personal, cashier's, bank, or other check) directly to the bank, Wire your money. Then you can deposit: ACH deposits, banks wire worldwide, Personal checks, Certified checks, Money orders, Cashier's checks, Corporate checks, Debit and credit card checks, Foreign checks payable in U.S. dollars and through a U.S. Bank, Temporary checks.

 

What is the SIPC Protection for the US account?

 

SIPC protects securities of its members up to $500,000 (including $100,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. SIPC coverage is not the same as the insurance on bank accounts provided by the Federal Deposit Insurance Corporation (FDIC). It does not protect investors against a decline in the market value of securities. SIPC generally protects customers against the physical loss of securities if the broker/dealer holding the securities for the customer fails.

 

What other documents do I need?
None. The only document you will need is a photocopy of your passport. The photocopy does not have to be notarised.

I don't have a passport. Can I use any other ID?
The bank announce that you need a passport or any other government issued photo ID. I used my passport that's why I recommend it.

How can I withdraw my Paypal funds?
You will have the instructions in how to set up your Paypal, Stormpay, 2Checkout or any other account that accept ACH transfer to send your funds to your US Bank account.

Do I have to pay you, the bank or a 3th party any other fees?
You don't have to pay me or any 3th party anything else. The fees for the banks are free for 12 months, even if you have just US$5 in your account . After that time your account can stay free of maintenance fees if you keep it active with US$ 1000 of deposit every month or with a minimum of US$10000 in your balance.

 

How much can I withdraw with my ATM card?
If you use your VISA ATM card, you can withdraw up to $500 a day. There are no fees in using your card.

Which others way to withdraw money?

For checks, you can write them in any amount that can be covered on your balance. You can make wire transfers to any other bank account up to your actual balance. (US$ 25 fee for wire money out of your account), the account has to be on same name as your US account. Other way it will require a notarized letter payment order.

What is the cost of wire transfer?

$0 per incoming wire and $25 per outgoing wire.

What do I need to ask for my check and my VISA card?
You will need to have a minimum balance of US$50 in your account to ask for checks and a minimum balance of US$1000 to ask for your VISA Platinum. If you don't have this ammount in your balance you can not ask for your card.

Is my VISA debit card accepted internationally?
Yes. Your VISA is international. You can use to withdraw money from any ATM, to shop on line or wherever VISA is accepted.

What should I do to deposit US checks?
The process is very simple. Use your deposits slips. Simply endorse the check and mail it directly to the bank with the deposit slip.

Can anyone open an account?
Accounts can not be opened for people from these countries: Canada, Liberia, Sierra Leone, North Korea, Cuba, Iraq, Iran, Libya, Sudan, the UNITA faction in Angola, Syria and Burma (Myanmar).