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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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#3
daniels27 said:
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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Could you send links for HSBC discussion threads?

Trying to find it.
 
#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.
 
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#9
Clank said:
Citi and HSBC allows you to open a US account remotely.

You need to deposit 100-200k.
Click to expand...
daniels27 said:
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...
  • Like
  • Love

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.
Click to expand...
Thank you, guys, for this information.

If I'm ready to deposit $100,000–$200,000, do I need to contact a U.S. Citibank/HSBC branch, or should I first get a Premier account in another country and then open a U.S. account?
 
#10
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.
Click to expand...
what a s**t show! What's wrong with you? This is sooooo wrong, don't you advertise to be able to open US bank accounts, why the f**k you are opening a thread like this which purpose is only to promote your service?
 
#11
drillbill said:
what a s**t show! What's wrong with you? This is sooooo wrong, don't you advertise to be able to open US bank accounts, why the f**k you are opening a thread like this which purpose is only to promote your service?
Click to expand...
Lol, the s**t show is what you just wrote.

I never promoted personal bank account openings in the US, but I did for the business.

The thread is about opening a US bank through the branch in other country (NOT US).

So, my question is, what's wrong with you? What the f**k are you trying to say?
 
#12
If you can open business accounts why can't you open personal bank accounts, same same
 
#13
drillbill said:
If you can open business accounts why can't you open personal bank accounts, same same
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Because I have connections for the corporate bank accounts only, with the US personal bank accounts it's more complicated.
 
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#15
drillbill said:
Why, same bank, same people to talk to, less papers?
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That's a US thing, ask them, probably because of the regulations.

Not the same people, every banker works in their own department, so the corporate bankers won't be able to help you with the personal bank account.
 
#16
yngmind said:
Not the same people, every banker works in their own department, so the corporate bankers won't be able to help you with the personal bank account.
Click to expand...
you say if I opened a business account with you, load it with a few million legal money over some time, make good investments and more which the banks earns on, they can't open a personal account for me?
 
#17
drillbill said:
you say if I opened a business account with you, load it with a few million legal money over some time, make good investments and more which the banks earns on, they can't open a personal account for me?
Click to expand...
It depends on the bank. Chase told me they could do it only if I visited a branch in person in the U.S.

I read on OCT that some banks are willing to send a representative to you—meaning a bank employee will fly to your location to complete the KYC process. This is possible if you deposit a large amount of money.
 
#18
Why don't you visit the branch? you could talk with your homies for business bank accounts at same time?
 
#20
why not, you want a personal account, if no travel you may get trouble anyway with US bank?
 
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