How To Open a
US Bank Account
Introduction
Sometimes it seems that the world is truly against you if you are trying to make money online and you aren't a US citizen.
There are so many advantages to opening a US bank account that I advise everybody to get one before the banking rules change again and the process gets to be nearly
impossible.
Originally I expected to be able to recommend to you a free US bank account however after many weeks of research the free accounts are either
extremely difficult to open or end up costing money in set-up fees and notarization costs. I've included a guide if you'd like to research
the best account yourself.
I have provided you with a lot of information about which US bank accounts are available to you and in my opinion most of you will benefit most
from the ACCENT Tomato Bank ® account although it is not a free service. You'll see my reasons for this below and also why I now
believe that it's worth paying a small administrative fee to get started than to work with larger banks which prove extremely
problematic.
Advantages to Opening a US Bank Account
- Connect it to your PayPal account so that you can actually withdraw your earnings (if you live in a country where PayPal does not support
your own bank)
-
Cash a $US cheque without it taking up to 2 months to clear in a foreign bank
account
- Sell products and services in $US to the world's largest online market
- No need to pay expensive bank processing fees to cashing $US cheques or bank wires
- No need to convert your online earnings into your local currency (unless you want to). PayPal charged 2.5% for doing this so you'll
save money here.
- Some affiliate management websites will only pay money to US bank accounts. Without one you cannot join and benefit from their
services.
- A Visa ® debit card issued by a US bank can be used nearly everywhere (both offline and online), and it can be used to
withdraw money from local ATM machines.
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