Are you a non-US resident and desperately want a US bank account so that you can open a Paypal account and start selling online? Getting a bank account in the US is simple, easy and? yes, free. I see so many people on internet forums that they need a bank account in the US I needed one.
Do you want to know how I did it?
Have you caught yourself saying this many times?I am here in South Africa (or India) and nobody loves us. Especially not PayPal.?? Well here’s the good news. I am from India and got a US bank account, I linked it to Paypal, I got verified, I got a VISA debit card, I got a Paypal debit card and now I happily withdraw my cash at an ATM anytime .
It is no secret. Just a few easy steps. Follow them and soon you will have your own bank account in the US and a “Paypal Account”.
Step 1: First, you will need a US mailing address. This is so that you can send him all your letters, cards, etc. Isn’t it very fast to receive an email? but it works.
These are some of the best mail services:
ยท Http://www.usa2me.com – Highly recommended!
Http://www.myus.com
Step 2: Next, you will need a Paypal account. Paypal.com is the place and it’s free. Sign up for free and use your email address provided to you by the US Mail Forwarding Service.
If you have already registered with Paypal, please register again with a different email or delete your account and start over with a new one.
Step 3: Now is the time to get a US bank account. We will use e-commerce. http://www.etrade.com. Attached are the forms you need to fill out and send.
Follow my instructions below and you will have an account with them sooner than expected.
How to complete the forms:
Download the form from here: [http://myimlab.com/uploads/emea_us_brokerage_application.pdf]
Note: a newer version of the form can be downloaded from https://us.etrade.com/e/t/home/openanaccount
ONLY complete the things in the steps and NOTHING else.
1. Account Type: Check the box labeled Individual Account.
2. Enter your first name, middle initial, and last name in the fields under the main account holder. Leave all the ?? Co Account holder ?? side of the blank form.
3. Put your ?? HOME ?? direction under direction. NOT your US address.
4. Put your home and business phone numbers in the field below. The format should be ?? + 91 (0) 9910670401 ??. Copy the format.
5. Check the boxes ?? not ?? below the next three options on this side of the form and continue to the next page.
6. Put your passport number below the passport number field.
7. Put your country under the “country of passport issuance” and the “country of legal residence and the” country of citizenship “.
8. Go to “create your investment profile” just below this.
9. Select the “Preservation of Equity,” “None,” “Your Income,” “Your Approximate Net Worth” and “Your Approximate Equity” boxes. . I would select a median income for all of this to be safe.
10. Under (4) “Select your account characteristics”, under “Taxable income” select the Etrade Financial sweep deposit account. It is the first option on the list.
11. Leave the income tax-free White.
12. Cash management features, select “free check writing” and NOT the debit card option. This will come later and you will be charged if you select it now.
13. Leave the rest of the form blank and continue.
14. On page 3, under “Fund your account” select the last option? I plan to transfer funds from another financial institution.
15. Below ?? Sign and date your application? , Select ?? Am I not a person from the United States?
16. Sign this page and go to page 4.
17. Leave page 4 blank, but sign and attach.
18.down ?? Certificate of Alien Status of Beneficial Owner for United States Tax Withholding?
19. Under the name of the person or organization that is the final beneficiary? put your own name
20. In the country of constitution or organization? put your own country.
21. Under the direction of permanent residence? put your postal address.
22. Below the city or town, state or province. Include zip code where applicable. Put your city, then state / province, then zip code
23. Under “country”, put your country.
24. Claim of tax treaty benefits (if applicable) Check box a) and enter your country.
25. Leave the rest of the form blank, wait to put it myself. under the “category under which acting”
26. Sign and date the form.
You are now done with the forms.
Next steps:
# 1: PRINT ALL PAGES (5 pages total)
– 4 page application form – in JPEG format
– 1 page Non-US Resident Declaration Form – in PDF format
Note: You MUST use Adobe Reader to open the declaration form.
The latest version is recommended.
Adobe Reader is freely available at http://www.adobe.com
(If you are not using the latest version of Adobe Reader, your personal information (such as your name and address) may not be displayed or printed correctly.)
# 2: VERIFY ALL PERSONAL DETAILS
Make sure your name is spelled correctly, address, passport number, etc. They are right. Page 4 of 4 of the application form is completely blank. Leave it at that. Aim to sign it.
# 3: SIGNATURE; PLEASE CAPITALIZE your name and today’s DATE on page 3 of the application form.
# 4: SIGN and write today’s DATE on the declaration form
# 5: MAKE A PHOTOCOPY of your passport photo-page. Please make sure it is very clear! ?? Make two copies? they will need two.
# 6: PUT THEM IN AN ENVELOPE AND MAIL TO the address at the top left of page 1 of the application form. DO NOT attach a check or cash as an initial deposit. Instead, wait for your account number to be issued first, then make your initial deposit via bank transfer or by adding it to your PayPal account.
Once you have your account number, you can immediately add it to your PayPal account to be confirmed and verified.
When E * Trade Financial receives your request, your account will be opened within 1 week.
You will receive an email notification at your provided email address.
For a FASTER service, I recommend that you use UPS or Fedex.
Once you’re done, log into your account and request a debit card. Comes via FedEx in a couple of days. Download money from PayPal to your Etrade account and withdraw it at your local ATM.
Piece of cake!
