The 5 Best US Bank Accounts For Non-Residents (Updated 2024)
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Күн бұрынRelayfi is currently my number-one choice for a U.S. bank account!
If you want to join them, you can increase the likelihood of being accepted and get priority support through my partnership link - bit.ly/3uwbB1W
If you haven't signed up for Mercury yet, you should! Here is my partner link - mercury.com/partner/jamesbake...
How many videos of James have you watched today?
Do you want to skip the line and get the answers to your questions right away?
Do you want to learn exactly how you can have a Tax Free US Company and bank account without traveling to the US?
Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
You can schedule a FREE discovery call with our team with the link below.
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www.calendly.com/jamesbakercp...
Would you like to learn our 3 step strategy for owning and operating a US Company? Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
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Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.
-----Longer videos that explain it all!
How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
-----Guides and How tos
Annual reporting for a foreign owned multi member LLC (Masterguide) - • Tax Laws for Foreign-O...
What is Form W-BEN and why do I need it • How to Fill Out W-8BEN...
Which payments from US Companies are subject to withholding? • Which US Payments are ...
How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
How to complete Form W-8BEN-E - • How to Complete Form W...
How to get an ITIN - • Getting an ITIN Number...
-----And don’t forget to check out all of the “CALLS WITH JIM”
• Calls with Jim
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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.
Click here - www.jamesbakercpa.com/offers/...
Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.
Click here - www.jamesbakercpa.com/offers/...
I get asked what company I recommend to help with sales taxes and every time I mention Tax Jar. Once set up, tax jar can complete all of your monthly sales tax filings automatically. If you are looking to solve this problem forever, click this link to find out more about what they can do for you. taxjar.grsm.io/jamesbaker7628
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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.
“Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank2,3 and Evolve Bank & Trust; Members FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted”
@JamesBakerCPA 7 ай бұрын
Relayfi is currently my number-one choice for a U.S. bank account! If you want to join them, you can increase the likelihood of being accepted and get priority support through my partnership link - bit.ly/3uwbB1W
@mohammadhussein3923 4 ай бұрын
LOL nice affiliate link
@JamesBakerCPA 3 ай бұрын
Yeeeeaaaaaaaaa boi and I promise they did tell me using the affiliate link helps the approval chances
@dontysk 2 ай бұрын
The card commission is very high, not worth it at all.
@user-ek5id5wl1g 2 ай бұрын
Sir , I am from Pakistan . Can you tell me please about Invertyn bank account of USA . Please tell me how withdraw or send money from Invertyn to another account
@suntryme1138 7 сағат бұрын
I opened account with Relay after watching this video, they froze my account after I attempted to deposit check from another fintech a closed account claiming it was a unusable image, there were enough funds available in my account more than the check amount, and an individual with criminal intent would not deposit a bad check on such balances. Despite my attempts to resolve the situation and provide necessary documentation, I was met with uncooperative behavior and ultimately they had my account closed yesterday. In a traditional bank or real financial technology, an account is not closed simply because a check is a unusable image, there's more to this.
@Ubaldo-chamu 5 ай бұрын
I just spent 4 months in California with a tourist Visa B1/B2, I took like a sabbatical vacation and since I stayed for a couple of months, I had to open a debit bank account with Bank of America, for my personal needs, shopping, buying food, etc. I had no problems, just went to the bank with my brother who is a resident and just used his address and my passport as an ID and they open my account without any problems. Thanks for the updated info.
@vistagraphsnet Ай бұрын
@vistagraphsnet 9 days ago Bank of America is by far the worst. On April 24, 2024 I received an email from BofA saying i successfully activated Face ID. I am 83 and would never use face ID because I use a password and my family knows how to get into my account upon my demise. So I tried to access my account and was not able to so I called Bank of America and was informed that an IP address from outside of the US used my account and I was responsible. They claimed I had to have given someone my password outside of the US. They immediately closed my account. I have been a BofA customer since 1987 with never a bounced check or other problem. I have had two direct deposits with them since I retired in 2004. Because they would not let me access the account, I could not get the bill pay information who I pay, phones and addresses. Both direct deposits were returned and in the case of Social Security it will be six weeks before they can direct it to my credit union account. The CALPERS retirement check was returned and it will take three weeks to receive it at my credit union account. I know no one outside the US so have no idea who could have changed to face ID. Today I received a letter from BofA stating my information has been entered into a database all banks use and I will not be able to open another account with any other bank for five years. Please put BofA on top of your list. Everyone should be warned that this could happen to them.
@ScottJLetourneau 7 ай бұрын
Great video, and thank you!
@flink4735 7 ай бұрын
Great video, thanks James!
@JamesBakerCPA 7 ай бұрын
Thanks
@ulug8888 6 күн бұрын
Thank you for a valuable information!
@tarents222 5 ай бұрын
Thank You
@mohammadhussein3923 4 ай бұрын
Just an FYI, as of 2024, actual business address is required, since there is a mandatory requirement by the Corporate Transparency Act (CTA), where registered agent's address, virtual addresses, P.O. Boxes are not accepted
@arraychart 7 ай бұрын
great content!.
@JamesBakerCPA 7 ай бұрын
Thanks
@sdatrading5524 7 ай бұрын
I opened in Regions and Citibank, all in Miami, no proof of address on these. Only passport and second ID, for business and personal
@kevinh7597 7 ай бұрын
Hello my friend you opened them remotely or physically? Thx 🙏
@lextor4712 7 ай бұрын
In person for sure. May I ask where excactly they're located in Miami? I'll go there myself in the future. :)
@sdatrading5524 7 ай бұрын
@@kevinh7597 physically
@sdatrading5524 7 ай бұрын
@@lextor4712 The 201 S Boulevard on Brickell (Citi) The Mary Brickell Village on Brickell for Regions
@lextor4712 7 ай бұрын
@@sdatrading5524thanks a lot!
@lamaarmanning2221 5 ай бұрын
great videos but what if i am a freelancer and want a business account due to having clients in US & on a visa?
@cr0772 2 ай бұрын
Hello do you have any recommendation a euro business account in the us?
@gyorg7685 7 ай бұрын
Great video! Just a heads up, for Highbeam, they require a Social Security Number (SSN), which many non-residents may not have
@nancyrussell2996 7 ай бұрын
EIN as a replacement for the SSN doesn't work?
@jimbaker 7 ай бұрын
They don't. I confirmed with them but you will need to connect a stripe or Amazon account
@syebethel 7 ай бұрын
Wise allows debit cards in Canada, possibly other countries as well. I got mine this year, don't know if they've changed their mind for some countries since.
@spicyboi2328 3 ай бұрын
My passport country is not allowed by Relay. Can I bypass that if another member of the LLC is a US citizen ?
@perspectivex 4 ай бұрын
I like your videos, informative and succinct. Your "....For Non-Residents" videos leave me wondering though, would all the info you provide be exactly the same for expats (non-resident but are u.s. citizens living permanently or indefinitely abroad)? It seems like the rules for non-resident u.s. citizen would at least sometimes be different than for 'the rest of the world.'
@JamesBakerCPA 4 ай бұрын
Thanks for the comment. US citizens are tax residents of the US and still have to file taxes in the US, even if they live all year abroad. It is unfortunate but those are the rules. There are different considerations for my americans abroad and I do have other videos about this topic
@perspectivex 4 ай бұрын
@@JamesBakerCPA Thanks for the reply. I'm painfully aware of the tax burden for many years now. I guess I was wondering about 'everything else.' I searched your videos for 'americans abroad' and 'expats' and 'citizen' and looked for a relevant playlist but not too much popped out. Is there some other way to find the videos you mention?
@mirarzk222 6 ай бұрын
Hello JAMES ! can i ask you about a bank in usa please?
@enkitechtiendaonline2034 29 күн бұрын
i havent being able to open bank account with a physical banks, is it possible with the bankers you have worked with open a bank account remotly? since online always says go to the branch if you arent a non resident
@user-vp5lp7xe5c 6 ай бұрын
I do have Wyoming registered LLC and made my sister manager 2 on the filling. But on IRS SS4 which gave me EIN, it only shows my name. Can she go and open up in the name of the company?
@organizer14 5 ай бұрын
But are these US banks safe with lots of cash savings so they do not close?
@viralhillstoday 6 ай бұрын
Can you help me open Chase bank business account?
@user-ii5ln6yv9d 4 ай бұрын
Thank you for this video. As a Nigerian, its really difficult to operate my ecom businesses having no access to a reliable US Bank account. Mercury and Wise closed my account for no reason. Relay fi don't allow Nigerians. I have Stripe, but don't want to use because of stories I've heard. Will try out High Beam now.
@Deeluxe01 4 ай бұрын
Same here
@paulisrael6918 3 ай бұрын
Did it work??? I'm having the same issue
@harveyleehuy663 3 ай бұрын
how can do that
@ceramics1585 7 ай бұрын
Hi James, Do these banks also have problems with Non-ETBUS Single Member LLC DE ? Such as requiring a W9 or not serving foreign owners ? What are your consulting fees ?
@lextor4712 7 ай бұрын
Hey there, RelayFi has no issues with single member LLC's in that situation. I opened up my account there and they're great.
@ceramics1585 7 ай бұрын
Thanks for sharing your experience, are you foreign or resident ?
@lextor4712 7 ай бұрын
@@ceramics1585 foreign owned US based LLC. Not an US resident or citizen.
@HumbertoPelaez Ай бұрын
Hi James, I think you should update this video. Relay is not opening new accounts for Non-Resident anymore. The same thing with Novo Bank and Lili Bank.
@JamesBakerCPA Ай бұрын
Hey thanks, Relay is opening accounts for non residents you just need better support and addresses. We still get these for our foreign clients they just need a US address (which we get them). I don't talk about novo or Lili on here. I do like novo but it's only for those with SSN.
@maitreya1906 4 ай бұрын
Wish I had known about your service 2 years ago when i had an LLC out of wyoming. the US tax code was so friggin confusing I just closed shop
@JamesBakerCPA 3 ай бұрын
Always happy to welcome you back!
@user-qv1su7ep3s 5 ай бұрын
Hello, do you know if there is an option similar to fidelity to have a account if i am not resident, but I want to invest in the stock market?
@user-qs2rj7ef9h 4 ай бұрын
I have SSN can I use it instead of EIN because I didn't apply for EIN the rest I have all the LLC Documents and if the Mercury Accepts SSN instead of EIN so what document will I have submit in replacement of CP 147c Form?
@JamesBakerCPA 4 ай бұрын
Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁
@damiangaitan7870 7 ай бұрын
James how do you get a proof of address in US if you are a foreigner applying for an account with the big 4 banks? Registered agent?
@kevinh7597 7 ай бұрын
You need to have a virtual mail adresse in usa no ? I took " anytime mailbox "
@jansteno3428 5 ай бұрын
Can someone please clarify on this?
@tiredcdz6181 26 күн бұрын
@@jansteno3428 You can go to a USA mail forwarding service.
@ambreenzafar4175 2 ай бұрын
i am australian can i open chase bank account
@jamesfarley112 4 ай бұрын
Please is highbeam&co has F.D.I.C insurance????
@JamesBakerCPA 3 ай бұрын
Yes
@Hembhu2411 4 ай бұрын
Do I get a credit card if I open account in mercury, relay ?
@jimbaker 2 ай бұрын
a debit card yes same thing
@lalelale9172 7 ай бұрын
Thank you, so you are not a registered agent?
@jimbaker 7 ай бұрын
Sure in different jurisdictions yes
@thiagonois5093 6 ай бұрын
Im not a US citizen neither US resident, but I want to open an US bank account. Would I still be able to open one with my home country as proof of address?
@BrokenCompass502 2 ай бұрын
No, you need a US proof of address.
@hasmikstuff4666 29 күн бұрын
Mercury denied me 2 times, 😢
@ronaldorussell2770 6 ай бұрын
Hi James how do i get in contact with you
@JamesBakerCPA 6 ай бұрын
Hey, you can book in a call with me here - jamesbakercpa.com/schedule
@parttime-zx7ct 6 ай бұрын
Can we arrange a one to one call?
@frankgarcia5260 7 ай бұрын
Great Videos! but Please Slow Down a little you talk way tooo fast!!!
@jimbaker 7 ай бұрын
Thanks I'll try!
@dzanljubuncic7561 4 ай бұрын
Is it okay (legal) to have only Wise Business?
@RyanHarris-yk5xe 11 күн бұрын
How can I use VPNs with these banks
@JamesBakerCPA 10 күн бұрын
I would probably suggest a virtual private server
@nachourrutia 5 ай бұрын
Hello, I have sent an email and been calling but nobody is replying.
@JamesBakerCPA 4 ай бұрын
Hi! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁
@melhoresprodutos8899 7 ай бұрын
Great Vídeo, very informative
@JamesBakerCPA 7 ай бұрын
Thanks!
@themelicworld 3 ай бұрын
relay is not supporting application from pakistan.
@JamesBakerCPA 3 ай бұрын
It's tough for Pakistanis right now
@themelicworld 3 ай бұрын
@@JamesBakerCPA which account you recommend for pakistan? james
@harveyleehuy663 3 ай бұрын
same question
@talhamehmood9753 6 ай бұрын
Im based in Pakistan, and have a registered LLC based in US. But, mercury is just not allowing me to my pakistan's company address. If i enter US company address, it says "Cannot be a registered agent address". :/
@imraniqbal6348 3 ай бұрын
Hi talha I am from Pakistan could you help me also to open account
@talhamehmood9753 3 ай бұрын
@@imraniqbal6348 i was not able to open my account at mercury either.
@harveyleehuy663 3 ай бұрын
same question
@JamesBakerCPA 3 ай бұрын
The only way it may be possible is proof of address outside of Pakistan. This is basically required for all. We have gotten chase account open for Pakistanis as long as there is proof of address for somewhere else
@bibekthapamagar5378 Ай бұрын
This bank close my account and not allow to access my fund
@JamesBakerCPA Ай бұрын
Contact them. Banks sometime close accounts and generally mail a check or will transfer to another account..
@bibekthapamagar5378 Ай бұрын
@@JamesBakerCPA yes relayfi mail a check, but am form nepal how can i deposit this check that a main probleam .
@awd6975 2 ай бұрын
RELAY is required ssn number so it isnt appropriate for non residents
@JamesBakerCPA 2 ай бұрын
Not if you change the country. We use this bank for many non residents
@Vivil82164 7 ай бұрын
SO if you're from a prohibited country...there're no options for you to get bank account in the US.
@jimbaker 7 ай бұрын
Nope lol. Maybe in person
@jimbaker 7 ай бұрын
You can but you need to travel to the US
@Frank-Lahore 4 ай бұрын
Non-US Residents, you better not waste your time with Mercury. Some of you may think, "aw no, I'm gonna try it anyway and will get approved" go ahead and thank me later for giving you a heads-up.
@JamesBakerCPA 4 ай бұрын
Mercury is awesome. The services of the accounts are great, just make sure you apply correctly so it gets approved.
@Frank-Lahore 4 ай бұрын
Very good point "Apply correctly to get approved" I hope some non-US resident who applied correctly and got approved comments here.
@MidoxDox 4 ай бұрын
@@Frank-Lahore I applied 3 days ago. I'll let you know if I get approved.
@eduardobarrera2300 3 ай бұрын
@@MidoxDoxdid you get approved?
@mrsumeet7091 3 ай бұрын
I had applied a year ago and I got approval in just 2days
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