How Can I Open a U.S. Bank Account As a Non-Resident?

Non-residents can open U.S. accounts at banks such as HSBC, Citibank and Wells Fargo. U.S. bank accounts can also be opened online through companies such as Payoneer. According to the Federal Financial Institutions Examination Council, non-residents who are interested in U.S. bank accounts should disclose the source of their funds and have some form of identification, among other requirements.

Payoneer, a payments solution company based in New York provides non-residents with the ability to open accounts in certain U.S. banks over the Internet through its proprietary U.S. Payment Service. However, Payoneer indicates that these accounts come with certain limitations. For instance, clients can only receive payments from select companies around the world. Accounts from HSBC, Citibank and other banks do not have such limitations. However, these banks do not operate in all countries of the world, which may be a limiting factor for those who want to open non-resident U.S. bank accounts from certain jurisdictions.

In general, when opening a non-resident U.S. bank account, applicants are required to indicate their current country of residence and disclose sources of income or funds, according to the FFIEC. Passports, national identification cards, driving licenses or other forms of identification are also required. Some banks may charge account opening fees during the application process.