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Opening a U.S. Personal Bank Account from Abroad

yngmind

yngmind

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Apr 26, 2020
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#1
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I was wondering if it would be possible to open a U.S. personal or business bank account from abroad.

For example, visiting a branch in another country, such as a Bofa branch in Hong Kong, or Singapore and opening a U.S. account there?

This would be beneficial for people who can’t travel to the U.S. for various reasons. I believe it should be possible, especially for high-net-worth individuals.
 
#2
yngmind said:
I was wondering if it would be possible to open a U.S. personal or business bank account from abroad.

For example, visiting a branch in another country, such as a Bofa branch in Hong Kong, or Singapore and opening a U.S. account there?

This would be beneficial for people who can’t travel to the U.S. for various reasons. I believe it should be possible, especially for high-net-worth individuals.
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BofA, Chase, etc. normally no. HSBC has been discussed many times here. There are some that do, PM me if you have a need for your own business.
 
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#4
I think those here:
C

Thread 'Your experience of opening HK bank account?'

I have found this forum very useful - well done CCLogic.


Now I'm in the process of setting up a company in HK I'll need a HK bank account.


It seems the general consensus that I'd have to visit HK to open an HSBC account (I am EU citizen in the EU).


This seems unnecessarily complicated - I dread getting there only to find I've forgotten a piece of paperwork. Has anyone actually flown to HK to do this?


A few discussion points for those experienced in the matter:


* Some OSPs say they can open HK accounts remotely but I'm unsure of their claims.


* I'd rather use HSBC HK vs...

But in any case, those that I know who did, had an account then and then the normal problems that you have with HSBC and banking blocks.

Are you looking for a solution for yourself or what is the use case? Are you selling companies and need some banking solution?
 
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#5
daniels27 said:
But in any case, those that I know who did, had an account then and then the normal problems that you have with HSBC and banking blocks.

Are you looking for a solution for yourself or what is the use case? Are you selling companies and need some banking solution?
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I just want a personal US bank account for myself. I do have a business one, though.

I had a chat with HSBC UAE in 2021, and I got approved then their monkey banker asked me for my business bank statements, which I sent him, and then he just disappeared and never contacted me again.
 
#6
https://www.hsbc.com.hk/accounts/products/premier/#apply

  1. Customers have to maintain a Total Relationship Balance of HKD1,000,000 or above, which includes your deposit balances, investments, utilised credit facilities, life insurance with savings or investment component, HSBC MPF balances and HSBC ORSO Defined Contribution Scheme balances (which are administered by HSBC Life (International) Limited).


It's only $128K, I don't mind holding it in stocks to have access to a good banking around the world.
 
#7
Personal account with HSBC is easy and fast. If you have Premier anywhere, they will open you an account in the available countries (not all countries can be opened remotely). HSBC Premier in the US only requires 100k USD deposit.
O

Thread 'HSBC Premier Lifehack'

HSBC is certainly not a perfect bank. On the other hand, it's "too big to fail," and it's definitely a far better choice than some banking experiment from a banana republic.

However, opening an HSBC Premier account isn't easy and requires a balance between $100,000 and $300,000, depending on the country. That is unless you already have an HSBC Premier account in some country.

There’s a certain lifehack. A solution.

Opening HSBC Premier in Turkey.

https://www.hsbc.com.tr/en/hsbc-premier/hsbc-premier

To open HSBC Premier in Turkey, you need 1 million Turkish lira...

which...
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Apart from that quite some banks are available if you have a SSN and some even ITIN for personal accounts although often a first personal visit is required if the SSN/ITIN has never been used. Canadians normally can open TD and BMO (Harris) accounts in the US remotely if they have an account back in Canada. You can also check your homebase, many banks have US subsidiaries and are willing to open accounts for you there if you have an account back home.
 
#8
Citi and HSBC allows you to open a US account remotely.

You need to deposit 100-200k.
 
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