Planning US visit for bank

[SCHLOSSFINANZ]

they offer a broad range of investments, also low-risk ones. I think its best you write or call them

 

[notagoy]

they offer a broad range of investments, also low-risk ones. I think its best you write or call them

Great. I sent them an email, but will also give them a call.

 

[notagoy]

they offer a broad range of investments, also low-risk ones. I think its best you write or call them

I called them, but they said they can't help me as I don't have a US presence. I only have brokerage accounts on my LLC and that's not sufficient for them.

 

[friedrich5000]

citi bank poland and usa have no link at all. Same with santander bank. That will not work

Get an ITIN, that will surely help, I called some US banks and some required for ITIN while some didn't, it's best to have it, having it doesn't automatically oblige you to pay taxes or do any reports.
ITIN takes 2-3 months so apply asap

 

[notagoy]

citi bank poland and usa have no link at all. Same with santander bank. That will not work

Get an ITIN, that will surely help, I called some US banks and some required for ITIN while some didn't, it's best to have it, having it doesn't automatically oblige you to pay taxes or do any reports.
ITIN takes 2-3 months so apply asap

I see. Thanks for the response. I tried getting a bank account at Santander USA through my private bank manager here in Warsaw, but indeed they couldn't do anything...

I will try to get an ITIN, however I have zero idea how to do this without sending my original passport (which I really would not want to do). So far I did not see a CAA agent here in Poland.

Any idea how likely it is that they want to see my identification? Can I only send the W-7 form with a copy of my passport?

 

[lagloriacubana]

I see. Thanks for the response. I tried getting a bank account at Santander USA through my private bank manager here in Warsaw, but indeed they couldn't do anything...

I will try to get an ITIN, however I have zero idea how to do this without sending my original passport (which I really would not want to do). So far I did not see a CAA agent here in Poland.

Any idea how likely it is that they want to see my identification? Can I only send the W-7 form with a copy of my passport?

I found a few service providers on Fiverr (there was a solid one From California - some Chinese people) and I found another service TheITIN. Fiver one seems better. You don’t need to send any documents and Fiverr ones need video call.

 

[SCHLOSSFINANZ]

strange, I have account with them with (planned) Miami presence. Did you try to flag your LLC as managing own asset and planning to invest in the US (stock market) and maybe real estate?

 

[notagoy]

strange, I have account with them with (planned) Miami presence. Did you try to flag your LLC as managing own asset and planning to invest in the US (stock market) and maybe real estate?

I didn't, but I will try again.

Btw, it looks like IBKR will be making an exception and will allow me to transfer funds back into my personal account. That would be the most optimal scenario for me.

 

[notagoy]

I found a few service providers on Fiverr (there was a solid one From California - some Chinese people) and I found another service TheITIN. Fiver one seems better. You don’t need to send any documents and Fiverr ones need video call.

That would be very useful. Can you tell me who on Fiverr? Thanks!

 

[SoNewToAllShit]

Are you seriously suggesting that you rely on random Chinese freelancers on Fiverr to assist with services for your business, including setting up bank accounts?

And then people wonder why things go wrong

 

[lagloriacubana]

That would be very useful. Can you tell me who on Fiverr? Thanks!

You can go to Fiverr and search for ITIN - and sort by Top Rated.

 

[lagloriacubana]

Are you seriously suggesting that you rely on random Chinese freelancers on Fiverr to assist with services for your business, including setting up bank accounts?

And then people wonder why things go wrong

What’s wrong with using a highly rated agency selling a service on a platform for a specific task?

No one is saying go hire Abdul from Islamabad to form LLC or do accounting. But rather someone who has a license from IRS to submit an application for a number you will get for just giving your identity and address. It’s not rocket science buddy.

And who said anything about asking them for help setting up a bank account?

Lot of people type things out without thinking and giving a minute to think about what problem the person is trying to solve - and how to analyze risk/reward ratio of what you are doing…

Problem: OP wants ITIN but doesn’t want to send his original passport outside the country.

Ok, let’s see does a solution to this exist?

Yes.

Does this solution seem legitimate? Let’s check verified reviews / services offered by provider / price…

Do reviews seem good? Are they real? Yes. Paid customers are marked as such.

Price? Seems in range of what is expected by researching around and not too good to be true.

Seems Legit? From the looks of it, yes.

What is the point of failure? They will fill the form wrong. How to fix that? Double check what they filled. How to assure that? Ask before ordering.

Again, I am not recommending anything specific - OP must do own risk/reward analysis and research properly.

But instead of being snarky try to be helpful and give a suggestion to solve the problem instead.

 

[luap]

On Fiverr, make sure you find somebody who has reviews older than 3-4 months for the ITIN. Many times the "delivery" on the platform happens within a few days and they get a review, but the waiting time to get the document is 2 months from the IRS.

Some scammers use the platform to sell as much as possible, sending empty envelopes to the IRS for the tracking ID's, during a few months then disappear. Anybody with reviews going back 4+ months should be good.

 

[notagoy]

What about EIN-Itin.com? They have many good reviews that seem quite legit.

 

[daniels27]

Why not just get a passport copy from the issuer as requested by IRS and do it yourself?

 

[notagoy]

Why not just get a passport copy from the issuer as requested by IRS and do it yourself?

Because it needs to be either certified by a CAA agent or (absolute bizarre) you have to send an original ID.
Yes, why should I not send my original passport to the USA and next hope they will return it in a good way???

 

[myshufflemix]

What’s wrong with using a highly rated agency selling a service on a platform for a specific task?

No one is saying go hire Abdul from Islamabad to form LLC or do accounting. But rather someone who has a license from IRS to submit an application for a number you will get for just giving your identity and address. It’s not rocket science buddy.

And who said anything about asking them for help setting up a bank account?

Lot of people type things out without thinking and giving a minute to think about what problem the person is trying to solve - and how to analyze risk/reward ratio of what you are doing…

Problem: OP wants ITIN but doesn’t want to send his original passport outside the country.

Ok, let’s see does a solution to this exist?

Yes.

Does this solution seem legitimate? Let’s check verified reviews / services offered by provider / price…

Do reviews seem good? Are they real? Yes. Paid customers are marked as such.

Price? Seems in range of what is expected by researching around and not too good to be true.

Seems Legit? From the looks of it, yes.

What is the point of failure? They will fill the form wrong. How to fix that? Double check what they filled. How to assure that? Ask before ordering.

Again, I am not recommending anything specific - OP must do own risk/reward analysis and research properly.

But instead of being snarky try to be helpful and give a suggestion to solve the problem instead.

yeah body, if everything in the world was so easy to explain

 

[notagoy]

Btw, I mostly want an ITIN to be able to easier open up a bank account...

For now I only have a IBKR account on my LLC... Will this be sufficient or will they first check if I have to pay taxes in the USA?

 

[Houdini]

Btw, I mostly want an ITIN to be able to easier open up a bank account...

For now I only have a IBKR account on my LLC... Will this be sufficient or will they first check if I have to pay taxes in the USA?

try

Mentor Group Gold - AD Thread! Thread 'I can help you to open a real US Corporate Bank Account for your US LLC remotely'

Apr 25, 2024

Hello everyone,

I'm excited to share that I successfully opened a corporate bank account with Chase Bank remotely without needing an SSN, ITIN, or US residency. The only requirements were an EIN and a zoom call with a banker.

I highly recommend this service for anyone seeking a reliable bank account beyond EMIs, which can shut you down for no reason.

The total cost for setting up the account is $2,000, and a formal agreement will be signed. You will only be charged $500 if the bank rejects your application.

Please ensure that your business is legitimate and does not appear suspicious...

• yngmind
• us corporate bank
• Replies: 238
• Forum: Offshore Bank & EMI Accounts

• 

 

[Forester]

After a longer time, a longer post – sorry

and documents for/about yourself explaining who you are, how you make your money, and so on.

Sure, a personal documentation is expected, naturally. @johanmichel mentioned just LLC documents, so I've overlooked it somehow.

Bring personal credit card statements especially if your limit 10,000 USD or greater. US banks love seeing someone who not only has money but is spending money in a responsible enough way that they have credit cards with high limit. A high credit limit can sometimes be more helpful than a high bank balance.

This is a very significant advice. I agree completely and feel a little bit ashamed that I have not recalled this. A high credit limit is really adored in the U.S.

Also bring bank statements for the company's existing accounts,

It will help, definitely. I witnessed opening accounts for LLCs even without banking history, especially with local banks; but if your LLC is not a startup, it's natural to show it.

Chase Bank, Bank of America, Wells Fargo, and Citibank are all known to open bank accounts for foreign-owned LLCs. Doesn't mean they always do it.

Then you have banks Flagstar, MVB, East West, Cathay Bank, PNC, and others that may open an account remotely or in person, but chance of success may depend on where you're from.

From what I have witnessed, a phone call from your registering agent to a local bank representative like “Hey Sam, I have a guy here who is my client for some time and never made any troubles; now he needs a reasonable banking, when can you talk to him?” works really well.

There are banks in California that are very receptive to Asian non-resident entrepreneurs and in Florida (especially Miami) you find ones with a similar attitude towards Latin American non-resident entrepreneurs.

Cannot comment about California (but the abovesaid sounds very plausible); yet re: Florida, Miami especially, banks there are open to Europeans, too – TBMK.

or if other states would be more advantageous

Doesn't really matter.

Well, probably it's not an OP's intention to go to states like Kansas or Arkansas; but in general, I am afraid that in the more conservative states not much visited by foreigners it can be more difficult.

Don't be the first to bring up foreign currencies. Wait for them to mention it first, for example if discussing a package that specifically mentions it. You're in America, home of the brave, land of the free, users of the greatest currency the world has ever seen. Your account will support SWIFT in/out but you come across as difficult if you start asking about holding balances in foreign currencies.

Very true.

Sometimes opening a personal account as well as a business account can help close the deal. The bank rep then has double incentives to get you approved.

Yes.

One concern I have is that my funds are crypto-related. While I've had no issues opening bank accounts with this background here in Poland (with full documentation and compliance), I'm wondering if this might be more challenging with US banks?

It depends on the state and on the bank. In general, smaller local banks tend to be more conservative, unfortunately.

$1.2M atm

I am fine with safer investments... just don't like gambling too much.

This can change the game significantly. If you are able and willing to invest some money like quoted above through the bank, then even some Swiss (or LI) banks can be willing to onboard you, especially if you present your LLC just as a subject managing your assets. Of course, an introducer will help you a lot.

So far I did not see a CAA agent here in Poland.

It is probably not exactly corresponding to the reality as Deloitte & Touche, Ernst & Young, KPMG, PWC and BDO are doing this globally and I guess they have offices in Poland; yet I agree that they are not much likely to help you when you are just a small fish.
Surprisingly for me, there are no independent vendors in PL. Yet e.g. in Czechia I see two and in Germany plenty (https://www.irs.gov/individuals/international-taxpayers/acceptance-agent-program) – a food for thought
And this Fiverr way discussed above is not that bad, IMO.

Btw, it looks like IBKR will be making an exception and will allow me to transfer funds back into my personal account. That would be the most optimal scenario for me.

Nice to hear – and good for you!

try

Mentor Group Gold - AD Thread! Thread 'I can help you to open a real US Corporate Bank Account for your US LLC remotely'

Apr 25, 2024

Hello everyone,

I'm excited to share that I successfully opened a corporate bank account with Chase Bank remotely without needing an SSN, ITIN, or US residency. The only requirements were an EIN and a zoom call with a banker.

I highly recommend this service for anyone seeking a reliable bank account beyond EMIs, which can shut you down for no reason.

The total cost for setting up the account is $2,000, and a formal agreement will be signed. You will only be charged $500 if the bank rejects your application.

Please ensure that your business is legitimate and does not appear suspicious...

• yngmind
• us corporate bank
• Replies: 238
• Forum: Offshore Bank & EMI Accounts

• 

Yes, it has been already mentioned (@yngmind) and can be a way to go for you, in your situation. You can also check (already mentioned, too) James Baker (https://jamesbakercpa.com/packages, pay attention to No Travel VIP Bank Account - $2,500).