Can A Foreigner Open A Personal Account In An American Bank?

Financial institutions, headed by the American Reserve Bank, act as a guarantor of the safety of funds, which, together with the level of service, ensures a steady growth in deposits, including attracting foreign customers.

 

Bank account in the USA

For the first time, the idea of ​​paying by bank card was voiced at the end of the 19th century, when the American Edward proposed using a new calculation option. It was too bold a thought for that time, which did not receive public support. Only in 1950 did the payment card become a reality and an alternative to cash circulation.

 

Major American banks

The rating of the most famous American banks is also a significant component of the list of the largest financial institutions in the world. Their fortune is steadily growing and, according to experts, amounts to billions of dollars. According to official data, the top American banks include the following 3 organizations, the names of which have long been well known.

 

Bank of America

 

The historical backdrop of the association started in 1928 and throughout the next many years, it tenaciously won the situation with a monetary aggregate. A wide range of services provided meets all the requirements of legal entities and individuals. Bank of America is a national American bank with assets of over $ 2.3 trillion in the Forbes magazine ranking it ranks 23rd. 

 

The structure of the financial organization includes branches in all states of America, as well as many branches in 35 countries around the world. The entire network is coordinated by 5 main divisions, each of which is responsible for a certain direction. 

 

The service sector covers areas ranging from consumer banking, where the issuance of loans, account maintenance, depository, and ending with global processes with trading on various stock exchanges. The wire transfer facilities with the bank of america routing number, and the process to wire money is easy with the Bank of America.

 

JPMorgan Chase

 

Thanks to assets, the size of which is about $ 2.6 trillion, leads the largest American banks.

 

The structure is the result of the merger of two financial institutions in 2000, which in 2015 made it possible to obtain the status of the best investment institution, and take the sixth spot in the Forbes rating among the best public organizations. JPMorgan Chase has a wide range of banking products and regional offices outside the country, but only provides retail services in the United States. 

 

As you already know to make a wire transfer you have to provide your bank’s routing number. And all banks own unique routing numbers. 

 

If you have Chase Bank’s account then you can find the routing number using the chase routing number.

 

Citigroup Inc

 

It is a powerful aggregate as a result of the consolidation of the Travelers Group and Citicorp with resources of more than $ 1.9 trillion. According to 2010 statistics, the bank serves over 200 million clients from 139 countries. The structure has representative offices on five continents. A Citibank has multiple citibank routing numbers. These numbers are based on the location of the bank account, and the branch of the bank.

Can a foreigner open a personal account in an American bank?

American law does not provide for any restrictions and prohibitions regarding foreign citizens. The difficulties that may arise in this matter are rare and relate to the paperwork. As a rule, this is the shortfall of any archive from the setup list. As a second reason, you can indicate the peculiarities of the organization when the bank does not cooperate with foreigners. It is this circumstance that is the source of rumors that non-residents of the United States, cannot open an account in American banks.

 

How to open an account for a citizen of another country (non-resident)?

The task will become much easier if you immediately contact American banks, which by default provide services to foreigners. The most famous of these are Citibank, Wells Fargo, and Chase. Those who come to their branches in order to open an account in a foreign bank will not need a legal education in order to understand what are the differences between “resident” and “non-resident” and what the term “citizen” includes.

 

It does not matter which country a person has a passport in, the algorithm of actions will always be the same. As an example, we can consider the situation on the example such as if you’re not that good in English or you can’t speak English, then you don’t need to worry that much. Because difficulties with English are not uncommon, departments with your native language-speaking staff remove the language barrier. In a number of cities, there are different language-speaking areas where there will certainly be a branch of such a bank. Hotline phone numbers are also available, so finding the address you want shouldn’t be difficult.

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