
which bank for a non-resident US account?
I've read a few old posts about this but no clear solution.
I'm a foreigner residing in South Korea and I have a website that sells mainly to the US via Paypal.
I've discovered that due to some specific Korean regulation about Paypal, as a foreigner I can't transfer money from Paypal to my Korean bank account. So I have to use the accounts of Korean friends, and the other problem is that due to another regulation, the dollars wired onto a Korean bank account are automatically converted into local currency, even if you have an account in dollars.
Ridiculous.
I'm therefore trying to see if I can open a non-resident bank account in the US.
Citibank tells me that I would have to keep a balance of 50K permanently on the account.
Does anyone know of a bank that doesn't require such a large amount to always be on the account?
Thanks in advance for your advice
A
Marg
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ICQ: 620433289
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Director of Community at Payoneer
Nissim
Director of Community at Payoneer
Nissim
Director of Community at Payoneer
Nissim
Director of Community at Payoneer
Nissim
Director of Community at Payoneer
Nissim
Director of Community at Payoneer
Nissim
Director of Community at Payoneer
David S. Payoneer Community Manager
ICQ: 620433289
Ask me about becoming a Payoneer partner
Sign up for Payoneer and the US Payment Service here
Refer a Friend
David S. Payoneer Community Manager
ICQ: 620433289
Ask me about becoming a Payoneer partner
Sign up for Payoneer and the US Payment Service here
Refer a Friend
Nissim
Director of Community at Payoneer
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