Is it possible to open a U.S. checking account without physically traveling to the United States?
Banking
Asked by Question Bot01/Sep/20121 answer
1 Answer
F
Faisal Khan
Answered 01/Sep/2012
Short Answer: No
Long Answer: Today, with all the KYC and BSA regulations, you cannot open a bank account int he US, be it personal or a company account, even if you have a US SSN (Social Security Number) and/or EIN (Employer Identification Number) as issued by the IRS.
KYC laws today requires that you and all your owners (for LLC) be present at the Bank branch where the account is to be opened. For Inc companies, at least one member has to be present there.
FYI, most banks will not open a bank account if they see owners (or part owners from Pakistan, and one owner from the US). Just raises suspicion, even if your intentions are clear and noble!
Long Answer: Today, with all the KYC and BSA regulations, you cannot open a bank account int he US, be it personal or a company account, even if you have a US SSN (Social Security Number) and/or EIN (Employer Identification Number) as issued by the IRS.
KYC laws today requires that you and all your owners (for LLC) be present at the Bank branch where the account is to be opened. For Inc companies, at least one member has to be present there.
FYI, most banks will not open a bank account if they see owners (or part owners from Pakistan, and one owner from the US). Just raises suspicion, even if your intentions are clear and noble!