Which Bank to open a checking account while in US ?

[StanRoute66]

For someone new to this Idea ; Yes , a non-resident can Open an account in USA , but you have to be present in person in US , to open it .

Bank of America requires $1500 MQB for checking account .
Charles Shwab requires $20k Initial Funding .
Anymore options ?

Aeldra is not a proper US Account. It is a mediatory account .
Is Zolve a proper US Checking account ? Let me know .

 

[fatehbajwa]

For someone new to this Idea ; Yes , a non-resident can Open an account in USA , but you have to be present in person in US , to open it .

Bank of America requires $1500 MQB for checking account .
Charles Shwab requires $20k Initial Funding .
Anymore options ?

Aeldra is not a proper US Account. It is a mediatory account .
Is Zolve a proper US Checking account ? Let me know .

Know of any other mediatory account like Aeldra?

 

[StanRoute66]

Know of any other mediatory account like Aeldra?

Zenus bank but it takes $50 per month charge , so not worth it .

Btw I would Like to add BofA Documents required to open the account , when you are physically in the US .

 

[TechnoFinoTechnoFino is verified member.]

For someone new to this Idea ; Yes , a non-resident can Open an account in USA , but you have to be present in person in US , to open it .

Bank of America requires $1500 MQB for checking account .
Charles Shwab requires $20k Initial Funding .
Anymore options ?

Aeldra is not a proper US Account. It is a mediatory account .
Is Zolve a proper US Checking account ? Let me know .

Capital one 360 checking account, zero maintenance & zero balance ac

 

[sumitkr85]

It's best to open a Checking Account in Credit Union. They do not have charges or minimum balance. Also, they offer the lowest APR for Auto and Home loans.
1st check if your employer has any Credit union, else you can open in DCU

Credit Union for Personal & Business Banking | DCU

Find out why DCU has become one of the largest and most successful credit unions in the country, with over one million users and 5,900 co-op shared branches.

www.dcu.org

Credit unions are like Cooperative banks, whose main purpose is community service instead of profit

Don't open accounts in big banks like citi, BOFA, chase.

 

[StanRoute66]

It's best to open a Checking Account in Credit Union. They do not have charges or minimum balance. Also, they offer the lowest APR for Auto and Home loans.
1st check if your employer has any Credit union, else you can open in DCU

Credit Union for Personal & Business Banking | DCU

Find out why DCU has become one of the largest and most successful credit unions in the country, with over one million users and 5,900 co-op shared branches.

www.dcu.org

Credit unions are like Cooperative banks, whose main purpose is community service instead of profit

Don't open accounts in big banks like citi, BOFA, chase.

Why not in Big Banks ?

 

[StanRoute66]

Capital one 360 checking account, zero maintenance & zero balance ac

I wont be having SSN or ITIN . Just Tourist Visa and Friend's Address . BofA opens very easily for this "Non-Resident Alien" Category .
Capital One 360 requires atleast ITIN .

 

[TechnoFinoTechnoFino is verified member.]

I wont be having SSN or ITIN . Just Tourist Visa and Friend's Address . BofA opens very easily for this "Non-Resident Alien" Category .
Capital One 360 requires atleast ITIN .

apply for itin... it's easy

 

[Sinder Pal]

apply for itin... it's easy

Sir can u please help us with step by step guide on getting an ITIN ?

 

[TechnoFinoTechnoFino is verified member.]

Sir can u please help us with step by step guide on getting an ITIN ?

DM me, I'll tell you

 

[StanRoute66]

Capital one 360 checking account, zero maintenance & zero balance ac

How about Charles Shwab Checking account ?

 

[StanRoute66]

25,000$ initial investment or something

That's if im in India .
What if I go to the US and have myself an ITIN ?

 

[TechnoFinoTechnoFino is verified member.]

That's if im in India .
What if I go to the US and have myself an ITIN ?

zero account opening deposit & zero maintenance

 

[saurabhsharma21]

How to open Charles Schwab bank account from India ??

 

[theglobalinvestor]

How to open Charles Schwab bank account from India ??

You get a checking account if you open a brokerage account with them. Not sure of other ways from India.

 

[saurabhsharma21]

How to open checking account. Can you refer me some link plz

 

[theglobalinvestor]

How to open checking account. Can you refer me some link plz

Checking account alone I'm not sure. Brokerage account you can open online - https://international.schwab.com/ I have a short overview of it here - https://theglobalinvestor.in/

 

[srichaitanya]

I wont be having SSN or ITIN . Just Tourist Visa and Friend's Address . BofA opens very easily for this "Non-Resident Alien" Category .
Capital One 360 requires atleast ITIN .

Which is the best checking account from BofA while traveling on b1/B2 tourist visa?

 

[moneyMaker]

You can DM me, I will refer the guys I used for ITIN and tell you my experience and procedure.

Under "Non-Resident Alien" Category, TransferWise is the easiest to get approved for.

TradFi banks need you to be present physically or have an authorized signer AND ITIN.

Schwab international require 25000$ deposit but if you can, you should - pretty great network and offering.

 

[theglobalinvestor]

Is Schwab still opening bank accounts for Indians? I came over from TDA and when I asked they said only US residents can open bank accounts with them.

IBKR is a brokerage account not a bank account.