BTW Ocean Bank (www.oceanbank.com) confirmed they open accounts remotely for international clients. As they're FDIC insured (largest independent bank in Florida) this could be a great option. Hope this was useful!
Wrong information. This is the error i get: In order to qualify to open an online account you must: Be a U.S. citizen or resident and reside in the U.S. Have a valid SSN Be 18 years or older and Have a valid U.S. ID
Thank you so much. I really needed this information because I live and work in china for almost 8 years now and I am from Morocco. Opening a bank account in USD would solve a lot of problems for me and save me a lot of hassle!
I l ive in Hong Kong as a foreigner too, I managed to open an Account with Charles Schwab in USA, it was staright forward operation eveything online.
3 месяца назад+8
Finally, a detailed and well balanced explanation for potential foreign investors, who want stable future planning options. Will pass this video onwards....
Great video! Don't forget to mention that C.Schweb bank will force you to present legal documents in regard to TAXES within your residence country as it's a brokerage account first...
Myles, always a pleasure to see you and your great, detailed, structured content. Exceptional work like you have always got us used to. I still remember when I discovered your channel back around 2018. I didn’t miss one video since then. Thank you for the valuable knowledge you share with us. Best wishes
So helpful! Super appreciate all the research that went into this and the fact you took the time to share it. May the banking gods smile upon you always.
WOW. Right into the action, topics and time stamps up front. I would’ve subscribed again If I hadn’t already from the ocean bank comment reference!! Well done.
great info!! and thank you for sharing the document. In Latinamerica is also famous Facebank from PR, similar to the others. Another option can be HSBC, if you have a Premier account in your local country, yo can request a similar account in HSBC USA for free and online.
I needed ITIN when applying for PayPal, also without SSN to open any physical bank, business or personal account, if have ITIN it's smoother, and less chances of rejection.
Hahah loved the ending of the ending of the video that Illinois jersey fire! Your content is gem, I need ITIN, thanks for sharing the company who does it.
The video provided valuable information, although being a resident of Pakistan presents certain limitations in terms of available options. I would greatly appreciate receiving specific tips tailored for individuals residing in Pakistan.
I would like to share my experience too, because with Bank of America, the fact that I don’t have an SSN or even ITIN, I still got approved for my credit card with BofA, as long as I had an existing bank account with them.
Great video! Thanks a lot! Please clarify, Charles Schwab requires $25k initial deposit or not? You mentioned it's not enforceable. I tried to open a brokerage account with them, filling up the application form and saw that "requirement", so I stopped.
Thanks so much for the info.. I'd like to know how can I open an LLC in Wyoming? Is there a service I can use? I found some services, but I don't want to be scammed.. Thanks again..
Your request to open an account cannot be processed. Schwab currently cannot open accounts for residents of your country/region. Please check back with us in the future. LOL
Unless you have a DTAA in place, you'll find yourself getting fleeced twice by the taxman. Even with one, the labyrinthine tax code might still find a way to stick it to you.
I had question does opening a Charles Schwab account mean that they will issue a virtual card? I am a American citizen who lives in the Philippines,the problem is my bank in the US will being functional after October of this year.i am SSA beneficiary
what about taxes and inheritance? do you have some information on this, I mean, If I have money in the US account and I die, my family has some rights?
He'll Sir, I have an open LLC in Texas as a non resident and I also have ITIN as well. I need my business bank account which is easier and has no restrictions for funds transfer. I don't have any clients yet but I need a bank account which is also backed by Zelle as well. Could you please help me regarding this?
Thank you! Understanding now that no sane individual would ever want to be classified as a US , citizen or resident (when you start reading the legal definitions) it makes it harder to navigate some aspects of life. I do not accept the "voluntary" conditions of servitude that come with accepting either of those statuses. I'm a proud American/ state Citizen, only.
If you are not us resident and not working in us then what is your source of USD? What I mean to say is if you are earning outside USA you can earn in different currencies.
Hi. In this video you mentioned that for opening a checking account with Charles Schwab there is a 25k minimum deposit, which is allegedly not enforced. However, when completing the opening form, it requires the deposit of 25k. If not done, the account will be subject to a quarterly fee. How have you proceeded to open the International Checking account without deposit? Would appreciate your guidance on that.
Thanks a million for this video Myles. As you rightly point out there are many people looking for money for this information so you have more than earned a like and subscribe from anyone watching this! A good Irish surname as well ;-)
Hi there, Schwab mentions on their website: Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value You say that there is a coverage of 250,000 USD on the brokerage account. So how does that work out ??
The best video on RUclips regarding US bank accounts Awesome and thank you. Can you make a video on building US credit for non-resident in 2024 please. Amazing video and informative 👍🏼
Amazing, amazing, amazing.. bro you solved my biggest problem. I was actually looking to open a brokerage account with Charles Schwab and wasn't aware they also open bank account.
Thanks! Which Account do you have with Schwaab? The international one doesn´t state anything about a debit card... but that´s the one you have to take if you select "No" when they ask if you are a resident of the US.
Its not an intuitive page but its there. The brokerage account will have the information of the account if you look for it and also the option to request the debit card in the help section.
Hi, I just watched your video and immediately subscribed to the channel ;) I noticed that with a Charles Schwab account, you can get an Amex Platinum Card. Do you know if this is also available for non-residents?
I am an asylum seeker. I filed my case just completed the biometric.I do not have EAD and SSN. In your video you said we can create an account without SSN. But my question is does it hamper my asylum case? Is there any complications
Thanks for this amazing informations but relayfi is usually ask for a US physical address and a proof of address. In this came , how does one go about it ?
Hello Myles, I called Charles Schwab customer service regarding the international brokerage account, and they said that the 25,000 USD deposit is mandatory. How did you manage to not make the deposit?
How do you setup a Charles Schwab bank account if you already have an international brokerage account? I cannot find the option in the brokerage portal. Thanks!
That's definitely a Green Flag of how you explained , but can you explain in another video of how a person from countries that are not eligible for US banking can have an Actual Working Bank account (I'm from Pakistan)
Funny guy. The people want to close their AMERICan bank accounts, you suggest them to open one even from abroad? :D How bad a title can be, here is the example.
Yea all good i stick ei to my own bative country s bank i m not rich enogh to put monry ther3 beside i get decent e ogh interest rate iver hrer so chao
![Ultimate Beginner's Guide to Credit Card Points in 2024 [Updated]](http://i.ytimg.com/vi/qu47ulGpHDo/mqdefault.jpg)
BTW Ocean Bank (www.oceanbank.com) confirmed they open accounts remotely for international clients. As they're FDIC insured (largest independent bank in Florida) this could be a great option.
Hope this was useful!
You should put a link to the Ocean Bank, I just googled and the first result is a scam.
Remotely means if you call? Because Online on their website they don´t do it!
Wrong information. This is the error i get:
In order to qualify to open an online account you must:
Be a U.S. citizen or resident and reside in the U.S.
Have a valid SSN
Be 18 years or older and
Have a valid U.S. ID
with the charlse schwab brokerage, how do i get the one i can open remotely?
You mean ocean bank can open saving account for international customers? and is it the same amount 25k or less?
Thank you so much. I really needed this information because I live and work in china for almost 8 years now and I am from Morocco. Opening a bank account in USD would solve a lot of problems for me and save me a lot of hassle!
if you dont mind whats the probblems youre facing, im kinda facing a lot of problems too - as an asian in eu
السلام علیکم یا أخي العزیز❤
I l ive in Hong Kong as a foreigner too, I managed to open an Account with Charles Schwab in USA, it was staright forward operation eveything online.
Finally, a detailed and well balanced explanation for potential foreign investors, who want stable future planning options. Will pass this video onwards....
Thx Myles! Would also appretiate a video on Swiss bank accounts for foreigners
Great video! Don't forget to mention that C.Schweb bank will force you to present legal documents in regard to TAXES within your residence country as it's a brokerage account first...
He DID mention it.
@@Quazmodic i listened again after my comment and i noticed that 😂
What happens if I don't fill that out?
@@lastdays-sl4pj you need to see the info regarding the matter in your country. I'm not talking about the usa
@@lastdays-sl4pj You go to jail for tax evasion
Myles, always a pleasure to see you and your great, detailed, structured content. Exceptional work like you have always got us used to. I still remember when I discovered your channel back around 2018. I didn’t miss one video since then. Thank you for the valuable knowledge you share with us. Best wishes
Wow - thanks! Appreciate you sticking around all this time :)
So helpful! Super appreciate all the research that went into this and the fact you took the time to share it. May the banking gods smile upon you always.
WOW. Right into the action, topics and time stamps up front. I would’ve subscribed again If I hadn’t already from the ocean bank comment reference!! Well done.
Thank you i learned much about the cards 💳
big respect to you from Algeria 🇩🇿
None of the banks are supporting registration for residents of Serbia. Just wanted to save your time😢
Or United Kingdom. Don't waste your time.
Excelent investigation on International Bank Account Openning, I live in Dominican Republic and now I know what to do, excellent work.
Thanks, super helpful. Mercury did just recently opened a Personal account offer but the fee is quite high!
great info!! and thank you for sharing the document. In Latinamerica is also famous Facebank from PR, similar to the others. Another option can be HSBC, if you have a Premier account in your local country, yo can request a similar account in HSBC USA for free and online.
Great tip about HSBC.
This is the best video I've ever watched on RUclips
I needed ITIN when applying for PayPal, also without SSN to open any physical bank, business or personal account, if have ITIN it's smoother, and less chances of rejection.
Appreciate the research you put into this
Hahah loved the ending of the ending of the video that Illinois jersey fire! Your content is gem, I need ITIN, thanks for sharing the company who does it.
I'm gonna try them all. One of the videos on the topic so far. Thanks!
Did u got through
One of the best advices I ever encountered in RUclips. Great job pal. Keep it up
Great info buddy. much respect.
The video provided valuable information, although being a resident of Pakistan presents certain limitations in terms of available options. I would greatly appreciate receiving specific tips tailored for individuals residing in Pakistan.
Excelent video! Thank you for your share!
"I'm from Nigeria. No banks accept my country, I want to try physical one, I think i need ITIN for that"
I checked internation brokerage account of charles schwabs and it says Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value
I would like to share my experience too, because with Bank of America, the fact that I don’t have an SSN or even ITIN, I still got approved for my credit card with BofA, as long as I had an existing bank account with them.
Did they ask for a US address?
was this online or what ?
How?
Thanks for a well researched content. Appreciate the effort.
Congratulations on the excellent video.
I like mercury too
Please make a video on opening bank account in hongkong, Singapore etc.
Great presentation so much information, any ideas to open a South African bank account from Australia cheers
Informative vedio , it solved my all enquires.
Very informative. You wouldn’t wanna do the same for opening an account in Europe would you? 😅
Do you have any advice for a non-resident getting a B&H PayBoo Card?
What for? Us banks are defaulting too often.
Great video! Thanks a lot!
Please clarify, Charles Schwab requires $25k initial deposit or not? You mentioned it's not enforceable. I tried to open a brokerage account with them, filling up the application form and saw that "requirement", so I stopped.
Amazing! Thank you!
Thank you!!!
Thanks so much for the info..
I'd like to know how can I open an LLC in Wyoming? Is there a service I can use? I found some services, but I don't want to be scammed.. Thanks again..
You said you always get your account the first time. When you did this, what did you use as proof of address?
Very useful
hey .bud ,,,it says SS number required in schab bank......?
Nice job
Your request to open an account cannot be processed. Schwab currently cannot open accounts for residents of your country/region. Please check back with us in the future. LOL
Citizens Bank another good option
Some crazy value here
good work
Unless you have a DTAA in place, you'll find yourself getting fleeced twice by the taxman. Even with one, the labyrinthine tax code might still find a way to stick it to you.
Thank you for letting us know how to commit wire fraud and money laundering.
What about someone that doesn't have tax ID?
what does asterix mean on countries of Wise Bank countries list?
Good info
is it possible to create a US Bank Account without SSN, and use it on Etsy? As i am from Pakistan
Bro any foreign bank account without kyc for any user worldwide. And tell how to deposit crypto in this bank account and spend
For an LLC, any idea of what would be the minimum to demonstrate an operating presence in the US?
love it
I had question does opening a Charles Schwab account mean that they will issue a virtual card? I am a American citizen who lives in the Philippines,the problem is my bank in the US will being functional after October of this year.i am SSA beneficiary
So aussie
what about taxes and inheritance? do you have some information on this, I mean, If I have money in the US account and I die, my family has some rights?
He'll Sir,
I have an open LLC in Texas as a non resident and I also have ITIN as well. I need my business bank account which is easier and has no restrictions for funds transfer. I don't have any clients yet but I need a bank account which is also backed by Zelle as well. Could you please help me regarding this?
I am from Tunisia can I open an online individual US l bank account for receiving affiliate commissions or Freelance payments !!!??
Great content.. Also if you are a non-resident alien.. State National, use the ss4 form from the IRS and get an EIN to use instead of SSN, cheers!
Thank you! Understanding now that no sane individual would ever want to be classified as a US , citizen or resident (when you start reading the legal definitions) it makes it harder to navigate some aspects of life. I do not accept the "voluntary" conditions of servitude that come with accepting either of those statuses. I'm a proud American/ state Citizen, only.
Why am I just finding you Myles? This is completely of great gain. Thank you so much 😍
Brilliant. Was just looking how to do that and your video popped up. Keep up the good work!
I also wanted to know that.
Amazing video, thanks a lot. One question. Is it possible to put the link in the comments for Charles Schwab bank. I got confused in the web pages
If you are not us resident and not working in us then what is your source of USD? What I mean to say is if you are earning outside USA you can earn in different currencies.
Hey, question. How can i withdrawal money from mercury
Hi. In this video you mentioned that for opening a checking account with Charles Schwab there is a 25k minimum deposit, which is allegedly not enforced. However, when completing the opening form, it requires the deposit of 25k. If not done, the account will be subject to a quarterly fee. How have you proceeded to open the International Checking account without deposit? Would appreciate your guidance on that.
Thanks a million for this video Myles. As you rightly point out there are many people looking for money for this information so you have more than earned a like and subscribe from anyone watching this! A good Irish surname as well ;-)
Hi there, Schwab mentions on their website:
Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value
You say that there is a coverage of 250,000 USD on the brokerage account.
So how does that work out ??
The best video on RUclips regarding US bank accounts
Awesome and thank you.
Can you make a video on building US credit for non-resident in 2024 please.
Amazing video and informative 👍🏼
Amazing, amazing, amazing.. bro you solved my biggest problem. I was actually looking to open a brokerage account with Charles Schwab and wasn't aware they also open bank account.
Thanks! Which Account do you have with Schwaab? The international one doesn´t state anything about a debit card... but that´s the one you have to take if you select "No" when they ask if you are a resident of the US.
Its not an intuitive page but its there. The brokerage account will have the information of the account if you look for it and also the option to request the debit card in the help section.
Thank u for the info you provided. Extremely helpful!!
Thanks you so much for your video I must say that it not only a informative video it a most informative and helpful video
Thanks again and again
Hi, I just watched your video and immediately subscribed to the channel ;)
I noticed that with a Charles Schwab account, you can get an Amex Platinum Card. Do you know if this is also available for non-residents?
I'm an American. How can I open a bank account without a SSN? 😊
Great Video Myles! Thanks for putting out all for free for the banks, credit card, ITIN you explained all!
What about taxes? We all know the IRS cannot see money and have its share
I am an asylum seeker. I filed my case just completed the biometric.I do not have EAD and SSN. In your video you said we can create an account without SSN. But my question is does it hamper my asylum case? Is there any complications
Thanks for this amazing informations but relayfi is usually ask for a US physical address and a proof of address. In this came , how does one go about it ?
Hello. I asked in the Schwab Bank chat and they told me that is mandatory to deposit USD 25.000 to open an account. How can I avoid this? THank you!
Se o vídeo é para Brasileiros, porque em inglês?
Hello Myles, I called Charles Schwab customer service regarding the international brokerage account, and they said that the 25,000 USD deposit is mandatory. How did you manage to not make the deposit?
How do you setup a Charles Schwab bank account if you already have an international brokerage account? I cannot find the option in the brokerage portal. Thanks!
Same problem here. The checking account seems to be for us residents only
Great informative and detailed video. Thanks brother. I have a question, What about Payoneer?
🤯🤯🤯 Craaaazy bro how much value and structure you bring in this video! Thank you so much. 👊😎
Great video! Do you have a referral code for Charles Schwab that you can share?
I own three passports and Schwab don't accept any of them. Just wow... :( I am gonna go in person to Chinatown lol
That's definitely a Green Flag of how you explained , but can you explain in another video of how a person from countries that are not eligible for US banking can have an Actual Working Bank account (I'm from Pakistan)
Watching from South Africa. Thank you.
Anyone from Pakistan able to open US bank on LLC details?
If i open the International charles shwab account, can i get a charles shwab credit card?
Does one need a proxy while opening the account kindly answer me.
I am in Ghana can I have an online account from the USA . Which I can link to my PayPal
Great and valuable information, Myles!
It is required too much money to open in C Schwab wow
Schwab does not support European countries.
Funny guy. The people want to close their AMERICan bank accounts, you suggest them to open one even from abroad? :D How bad a title can be, here is the example.
cannot open Charles Schwab accounts from Canada
Yea all good i stick ei to my own bative country s bank i m not rich enogh to put monry ther3 beside i get decent e ogh interest rate iver hrer so chao