Us Bank Account

Yeah but in the end watch out! Chase Bank will screw ya! I have seen it happen to a lot of people.

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I don't think having a US bank account will stop you from paying tax in Australia.

Why would you think that because your income is made predominantly in U.S dollars you should not have to pay the same tax as every other Australian? You still use our hospitals, roads, transport, right?

If you don't want to pay the taxes of Australia then don't look at hiding your money in overseas bank accounts - move overseas.

Incorporate in Delaware, then find a friend in the US who can be appointed a Director for a short period and get them to open the bank account.

Then remove them and put yourself back as a Director.

Page 6 of the application ---

change, I (we) will promptly notify you of such a change.

I have been wondering about this recently myself. Does anyone know how hard it is for a US citizen to open an account without being there in person.

I don't live in the US anymore and don't want to wait until I make it back to open an account.

This is a little off topic but anyone know the best place to find info on incorporating?

Thanks

JBP

I can't speak for the original commenter who said Chase will screw ya but I can say that almost all large conglomerate US banks will bend you over one way or the other. It's the cost of doing business with them, no need to fear just be aware and read every TOS and disclosure. Nickel and diming their customers is how they make money.

Also with the new financial regulation over hauls that are being ironed out in US Congress, you're going to see a great deal of the old loop holes closed (never fear there will always be new one though).

That said, most US banks do not care where their customer lives as long as they have some form of US tax identification number. Either a Social security number (SSN), an employee identification number (EIN) or a individual tax identification number (ITIN). Most of the problems a non-resident has with opening a US bank account is the lack of one of these numbers.

Ever since the 9/11/2001 the US has taken a harder stance with non-US citizens opening accounts. It can be done but it's easier if you have a trust worthy person in the states to handle it for you. Like an attorney or someone with comparable skills. If you must make a go on your own, do it right. The last thing you want to do is become a "person of interest" and have the accounts frozen. You do NOT want to be transacting financial business in the US without one of these numbers.

For this posting I'm going to assume that the applicant is NOT a US citizen.

Non-US citizens can obtain a ITIN by filling out form W-7 (I think) but it will take some research and a few weeks. irs.gov


Step one: Open a mailbox in the state you want to incorporate in. Check to make sure they offer remailing services to international customers. (I say Nevada but others may prefer Delaware). The [whatever state you want to incorporate in] Secretary of State website should have all the information you need regarding incorporation.

Step two: Go to irs.gov and find out how to obtain a ITIN. Some countries have acceptance agents located nearby but you may have to mail the form in.

Step three: Once you have that number you can either use it to obtain a EIN for your corporation or use it as an individual to open the bank account and you can use any bank you want. I suggest the business route.

I'm sure there are quicker and less involved ways of doing this but I don't advise it. It's better to go about it the right way upfront, as I said the last thing you want to do is end up on some type of "watch list" or be earmarked as a "person of interest" Hope I was helpful.

...mmm maybe I'll write an ebook about this.

If you are physically in the U.S why not walk straight to bank of America to open an account.
All you'll need is a scan of your passport .i am just looking for a way to verify my paypal account and that can be done with a us bank account .