In previous posts for US Investment Loans, I mentioned needing to have an account opened with a US bank. Here is are some references for banks who should be able to assist you. Be sure to check out the other threads on "TIPS" and "REQUIREMENTS".
TIPS: http://www.somersoft.com/forums/showthread.php?t=30962
REQUIREMENTS: http://www.somersoft.com/forums/showthread.php?p=274181#post274181
Key US Banks that will allow you to open a checking/savings account and not have to be in the US. Most of the data should be accurate.
Wachovia
http://www.wachovia.com/corp_inst/page/printer/0,,7_19_1575,00.html
Virginia Prince
[email protected]
800-922-4684 opt#2 ext. 66837
Direct 804-762-6837
She's there from 10-5 ET
Let her know that you spoke to me, she was very knowledgeable
Banking products range from basic to relationship based.
Basic checking requires $50 to open, no minimal amount or fee.
Basic checking requires $300/m minimum or $8 fee.
Various other accounts available.
You would need to call in to request a package that will be sent through regular mail (can request overnight).
There a number of items needed to get approved, hardest thing they see is getting passport validated.
Once all your info is back to them it takes about 7-10 for them to approve and get a welcome package out to you.
Once the welcome package comes back it has all of your account info and you then need to fund the account with the minimum requirement. You can send up an online account immediately once you've got your account # and info. Money transfers or bill pay can be done 3 days after you set up the online account. Can only use bill pay for paying business within the US.
Your atm cards are sent out through regular mail about 7-10 days after funding the account.
Money transfers or bill pay can be done 3 days after you set up the online account
Withdrawing funds from you account can be handled in 3 different ways. You’ll want to verify these too as you’ll definitely need to know how you can get your funds out.
1. The Full (not specific) Power of Attorney you appointed can go to a branch and request a wire
2. The Full (not specific) Power of Attorney you appointed can go to a branch and have a cashier’s (or bank) check issued for the closing.
3. If you don’t have a Power of Attorney then you will need to fax the branch the request to wire funds to the title company.
Citi Bank
http://www.citigold.citibank.com/citigold/lacggl/english/accounts/services/ipb.htm
IPB - international personal banking
Offices in San Francisco, Miami, NY
San F. # 415-627-6161
$25,000 minimum to open
$50/m if it goes under
Borrower speaks to a banker and sends requested needs list.
7-10 processing time once everything is in.
Welcome package sent overnight once approved.
Client must call to activate card, once this is done they can immediately set up online user account.
Must wait 14 days until they can transfer funds online.
In the meantime they can use the CitiFax kit to send a wire by fax, this gets sent to the Tampa IPB center.
Can deposit funds into account by wire or check order.
Wells Fargo
https://www.wellsfargo.com/inatl/consumer_services/apply
1-877-314-2748 phone
1-415-975-6562 fax
[email protected]
7:00 a.m. to 5:00 p.m., Pacific Time
Minimum to open $100.
Min balance $1,000 or $8 monthly fee.
Most fill out online app…cant do over phone.
Once completed and all requested info over the approval should be done in 7 days.
Welcome package is sent regular mail.
The atm card takes 2-3 weeks.
Online account can’t be open till the card and pin come.
No transfers of funds available online.
Must be done through Funds Transfer Agreement Form which can be sent to you by fax/email.
Original Form must be mailed back to bank.
Once they have the form you can then fax monthly wire requests to transfer money.
HSBC
http://www.us.hsbc.com/1/2/3/international-services
(800) 975-4722
Didn't get real specific with them because they will not set up online banking for 6 months after the account is established.
You would need to go into a local branch or call the 800#. Once all the documentation is supplied to them it takes about 2 weeks to establish the account.
To Our Success!
TIPS: http://www.somersoft.com/forums/showthread.php?t=30962
REQUIREMENTS: http://www.somersoft.com/forums/showthread.php?p=274181#post274181
US Banks for Foreign Nationals
Key US Banks that will allow you to open a checking/savings account and not have to be in the US. Most of the data should be accurate.
Wachovia
http://www.wachovia.com/corp_inst/page/printer/0,,7_19_1575,00.html
Virginia Prince
[email protected]
800-922-4684 opt#2 ext. 66837
Direct 804-762-6837
She's there from 10-5 ET
Let her know that you spoke to me, she was very knowledgeable
Banking products range from basic to relationship based.
Basic checking requires $50 to open, no minimal amount or fee.
Basic checking requires $300/m minimum or $8 fee.
Various other accounts available.
You would need to call in to request a package that will be sent through regular mail (can request overnight).
There a number of items needed to get approved, hardest thing they see is getting passport validated.
Once all your info is back to them it takes about 7-10 for them to approve and get a welcome package out to you.
Once the welcome package comes back it has all of your account info and you then need to fund the account with the minimum requirement. You can send up an online account immediately once you've got your account # and info. Money transfers or bill pay can be done 3 days after you set up the online account. Can only use bill pay for paying business within the US.
Your atm cards are sent out through regular mail about 7-10 days after funding the account.
Money transfers or bill pay can be done 3 days after you set up the online account
Withdrawing funds from you account can be handled in 3 different ways. You’ll want to verify these too as you’ll definitely need to know how you can get your funds out.
1. The Full (not specific) Power of Attorney you appointed can go to a branch and request a wire
2. The Full (not specific) Power of Attorney you appointed can go to a branch and have a cashier’s (or bank) check issued for the closing.
3. If you don’t have a Power of Attorney then you will need to fax the branch the request to wire funds to the title company.
Citi Bank
http://www.citigold.citibank.com/citigold/lacggl/english/accounts/services/ipb.htm
IPB - international personal banking
Offices in San Francisco, Miami, NY
San F. # 415-627-6161
$25,000 minimum to open
$50/m if it goes under
Borrower speaks to a banker and sends requested needs list.
7-10 processing time once everything is in.
Welcome package sent overnight once approved.
Client must call to activate card, once this is done they can immediately set up online user account.
Must wait 14 days until they can transfer funds online.
In the meantime they can use the CitiFax kit to send a wire by fax, this gets sent to the Tampa IPB center.
Can deposit funds into account by wire or check order.
Wells Fargo
https://www.wellsfargo.com/inatl/consumer_services/apply
1-877-314-2748 phone
1-415-975-6562 fax
[email protected]
7:00 a.m. to 5:00 p.m., Pacific Time
Minimum to open $100.
Min balance $1,000 or $8 monthly fee.
Most fill out online app…cant do over phone.
Once completed and all requested info over the approval should be done in 7 days.
Welcome package is sent regular mail.
The atm card takes 2-3 weeks.
Online account can’t be open till the card and pin come.
No transfers of funds available online.
Must be done through Funds Transfer Agreement Form which can be sent to you by fax/email.
Original Form must be mailed back to bank.
Once they have the form you can then fax monthly wire requests to transfer money.
HSBC
http://www.us.hsbc.com/1/2/3/international-services
(800) 975-4722
Didn't get real specific with them because they will not set up online banking for 6 months after the account is established.
You would need to go into a local branch or call the 800#. Once all the documentation is supplied to them it takes about 2 weeks to establish the account.
To Our Success!
