Can foreigners open bank accounts in the US?

Find out what it takes for a foreign individual to open a savings accounts in the US especially in the age of heightened awareness of terrorist threats. This is what you need to know. read more

However, the terrorist attacks on Sept. 11, 2001, have made it much more difficult for foreign persons to open accounts or engage in monetary transactions in the U.S. or through American financial institutions. read more

Not all banks will open a bank account for a foreigner with no status in the US, but it is generally possible. You will have to check with several banks and basically have paperwork showing your foreign address and proof of id (passport, possibly a drivers license as well). read more

Certainly foreigners can open bank accounts in the US. Being one of the most compliant country, USA too has KYC ( know your customer)/ AML ( Anti Money laundering) law. And to follow that physical presence of account holder is must. You need to be physically present in front of bank official to complete required formalities. read more