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Old 01-05-2015
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Default No one has come up with full proof way to

No one has come up with a full proof way to withdraw cash from Paypal for those of us whose in a country where paypal do not support our local currency?

Our only option right now is to withdraw using a US bank account or to request a check. Has anyone discover a US VBA or any bank that would allow non citizen to apply for an account from outside the USA?
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Old 01-05-2015
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Default Re: No one has come up with full proof way to

Nope not possible to open bank account without US papers and SSN most likely. Your solution is what works the best right now
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Old 01-05-2015
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Default Re: No one has come up with full proof way to

Explore banks and report back - few banks allow for opening of accounts for non-US citizen BUT you will need all ID to be sent and such
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Old 01-05-2015
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Default Re: No one has come up with full proof way to

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Originally Posted by rsot View Post
Explore banks and report back - few banks allow for opening of accounts for non-US citizen BUT you will need all ID to be sent and such

I'm searching for these banks for so long. If you know any, please send me on PM if you don't want to write publicly.
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Old 01-05-2015
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Default Re: No one has come up with full proof way to

I would love to find one of those banks too. I've been searching for months now but nothing. I have to keep using my paypal balance to buy items but I do have bills to pay as well.
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Old 01-05-2015
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Default Re: No one has come up with full proof way to

makes friends with an usa citizen
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Old 01-05-2015
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Default Re: No one has come up with full proof way to

Yes, it IS possible for a non-US citizen to have a bank account here. It all depends on the bank. The issue is, most of the banks will want you to be physically HERE in the US when you open the account. I know that Bank of America does this. Here is an article describing the process:

The Virtual Travelers: How to open a new bank account in USA for foreigners

I also found this list of requirements on another site:

What is required of Non-U.S. Persons when opening a U.S. bank account?

The CIP rules require financial institutions to apply certain identity verification procedures when a customer opens a new account. An “account” is defined as a formal arrangement established to provide ongoing services. Given this definition, the law applies to traditional types of accounts such as a checking, savings, certificates of deposit, as well as loans and other extensions of credit. The law does not apply to incidental relationships such as the occasional purchase of a money order, traveler’s check or a wire transfer.

The CIP rule also define the following:

(a) “customer” means any person seeking to open a new account and any person who will be signatory on the account at the time the account is opened or is added as a signatory after the account is opened.

(b) “person” is defined in the law and includes individuals, corporations, partnerships, trusts, associations, etc. This includes not only persons opening an account, but also includes any signatory on an account, such as an authorized agent for a business entity.

(c) “U.S. person” means a U.S. citizen or a legal entity established or organized under the laws of a State or the United States

(d) “Non-U.S. Person” means a person that is not a U.S. person.

(e) “account” is defined as a formal arrangement established to provide ongoing services. Given this definition, the law applies to traditional types of accounts such as a checking, savings, certificates of deposits as well as loans and other extensions of credit.

A New Account Relationship includes deposit and lending functions. Both are considered account relationships under these guidelines.

Customer Identification Requirements

The Bank requires anyone opening a new account relationship, or anyone added as a signatory to an account, to provide, at a minimum, the following information and to form a “reasonable belief” that the true identity of a customer is obtained. Included in this list is the acceptable identification required on all new account relationships, and any added signatory to an account:

Individual Non Business Requirements:
  • Name
  • Date and place of birth
  • Residence address and mailing address if different (PO Box alone will not be acceptable)
  • If the individual is a U.S. person, the individual’s social security number. If the individual is a non-U.S. person all of the following that the individual possesses (minimum of one required): a U.S. taxpayer identification number; a passport number and country of issuance’ and alien identification card number; number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard.
    • Official issued identification number (e.g. Social Security Number, Employee Identification Number or Individual Taxpayer Identification Number)
    • Current Drivers License (photograph required)
    • Current Armed Forces Identification (photograph required)
    • Valid Passport (photograph required)
    • Current Alien Identification (current photograph required)
    • Valid Social Security Number
    • Valid Employee Identification Number
Each bank will have its own policies and procedures drafted to comply with the requirements above. Most institutions choose to draft policies and procedures more strenuous than those required by law.

The following is examples of additional information that might be required:
  • Secondary ID (photograph not required Credit or Debit Card)
  • Proof of Address (Title, Lease, or Utility Bill)
  • Account Opening Process be done in person and originals of documentation be viewed
  • If the account owner is a non-U.S person without a U.S. ITIN then an IRS Form W8-BEN will be required.

Last edited by jeffweico; 01-05-2015 at 05:49 PM.
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Old 01-06-2015
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Default Re: No one has come up with full proof way to

If you live overseas and bank with HSBC they can help you open an account in the US. Look on their website under International Banking. I have never done it but have friends in the UK who have opened accounts in Hong Kong and Singapore very easily.

From the hsbc website:
Open an International Banking Account
The HSBC International Banking Center provides customers options to open personal deposit accounts outside the U.S. as well as inside the U.S. for non-U.S. residents1. Whether you need help from a local U.S. HSBC representative or you choose to do it yourself, HSBC will help fulfill your needs.

Seek the help of a local HSBC US representative
Note: Non-Premier customers requesting to open an international banking account outside the U.S. and requiring assistance in the completion of all necessary paperwork from the International Banking Center in the U.S. or an HSBC branch in the U.S will be charged a one-time fee of $200 USD. This fee is waived for HSBC Premier and Corporate Partner clients. HSBC Bank USA, N.A. Advance customers receive a 50% discount on this fee.

Not an HSBC Premier2 customer? Click here for more information: HSBC Premier

Please complete this form for a member of the US International Banking Center to contact and assist you with your request.1

For more information about the full range of banking products offered by HSBC or to open an HSBC Premier account, contact the HSBC International Banking Center:
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Old 01-06-2015
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Default Re: No one has come up with full proof way to

FYI,

HSBC can ask for high deposits to open accounts for international usage.

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Default Re: No one has come up with full proof way to

Quote:
Originally Posted by GreenBean View Post
FYI,

HSBC can ask for high deposits to open accounts for international usage.

Yeah, I forgot to mention that part. but since we are all rich it shouldn't be a problem...
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Old 01-06-2015
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Default Re: No one has come up with full proof way to

Quote:
Originally Posted by big tymer View Post
Yeah, I forgot to mention that part. but since we are all rich it shouldn't be a problem...
Ah, so you really have no knowledge of this bank.


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Default Re: No one has come up with full proof way to

Quote:
Originally Posted by GreenBean View Post
Ah, so you really have no knowledge of this bank.


Yes, exactly!
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Old 01-06-2015
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Default Re: No one has come up with full proof way to

Like HSBC myself - high deposits or not. Harris Bank does allow non-resident people to have bank accounts but require ID and signature
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Old 01-06-2015
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Default Re: No one has come up with full proof way to

Quote:
Originally Posted by big tymer View Post
If you live overseas and bank with HSBC they can help you open an account in the US. Look on their website under International Banking. I have never done it but have friends in the UK who have opened accounts in Hong Kong and Singapore very easily.

From the hsbc website:
Open an International Banking Account
The HSBC International Banking Center provides customers options to open personal deposit accounts outside the U.S. as well as inside the U.S. for non-U.S. residents1. Whether you need help from a local U.S. HSBC representative or you choose to do it yourself, HSBC will help fulfill your needs.

Seek the help of a local HSBC US representative
Note: Non-Premier customers requesting to open an international banking account outside the U.S. and requiring assistance in the completion of all necessary paperwork from the International Banking Center in the U.S. or an HSBC branch in the U.S will be charged a one-time fee of $200 USD. This fee is waived for HSBC Premier and Corporate Partner clients. HSBC Bank USA, N.A. Advance customers receive a 50% discount on this fee.

Not an HSBC Premier2 customer? Click here for more information: HSBC Premier

Please complete this form for a member of the US International Banking Center to contact and assist you with your request.1

For more information about the full range of banking products offered by HSBC or to open an HSBC Premier account, contact the HSBC International Banking Center:

When I asked about this while living in China, they told me the minimum opening deposit was $50,000 usd.
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