Uk resident wanting to open US bank account

purch

I have recently bought a rental property in the states and I am trying to open a US deposit account where rental can be paid into

How have you managed to buy a property without a Bank account ??

What about Property Taxes, how will you pay those ?

P.S. You don't require a SSN to open a bank account. A Tax Payer Identification number is required, which is obtained from the IRS.

Jonbvn

1socrates1 wrote: »

I think if you have a Premier account at HSBC you are able to use their global facilities (not sure but worth checking).

I can confirm the above, having actually done the same, although not in the US.

ERICS_MUM

I think Citibank London is your best bet. :T

Cook_County

Since the United States does not have inter-State banking you will need a bank local to the property.

Does your attorney/agent know a local bank?

You can get an ITIN next year when you file the 2010 US income tax return.

stuart79

I'm a US citizen, and I don't think you'll be able to open a US account without a US address and without US credit history, similar to an American who wanted to open an account in the UK.

If you do have a mailing address in the US through a friend or contact, and you have some credit history there and a ITIN, you should be able to open an account. There is a relatively new online-only bank called Ally that I recommend. US savings rates are pretty dismal, but most banks including this one offer free checking (aka current) accounts.

Even if you have an account in the US, you will still find it difficult to get your money to the UK without big fees. I keep some money in the US, but it is only for use in the US or with my american credit cards. It is just not worth the fees wiring it over here (for me).

With that said, the citibank US dollar account looks good, but it is aimed at people spending money in the US rather than paying in from there. Have a look at that, and go over to Ally and initiate a chat session and ask them if you can open an account from the UK. It's worth a try!

Stageshoot

Bank Of America Will give Current & Savings accounts to UK Citizens with No US Address or SSN or TIN, They will post your statements to the UK Free of charge, and you can withdraw cash without charge through any Barclays Cash Machine in the UK.

You will need to go to a branch to open the account, although as the Biggest US Bank you should be OK (You mention Rental Property in FL in a previous post) if in FL there are plenty of BofA there, I opened my First BOA accout at the Kissimmee Branch.

You can bank online from the UK and they provide a Visa Debit card the day you open your accoutn

I opened my first account with them in FL over 15 years ago and now have an accoutn in NV, and they have been the most helpful bank I have ever used anywhere in the world.

stuart79

VickyHurn wrote: »

Bank Of America Will give Current & Savings accounts to UK Citizens with No US Address or SSN or TIN, They will post your statements to the UK Free of charge, and you can withdraw cash without charge through any Barclays Cash Machine in the UK.

Thanks for this info. I've been looking for a way to withdraw money from the US here without fees. I have a capital one cc that I use here that doesn't charge any fees (shame capital one UK does), that is the only way I had figured out so far. I just had a look and monthly maintenance fees are waived if you open a BoA acct online. I'm going to do it now...

dougz_2

Bank Of America Will give Current & Savings accounts to UK Citizens with No US Address or SSN or TIN

stuart79 wrote: »

open a BoA acct online. I'm going to do it now...

Could you do this completely online from the UK i.e without ever visiting a branch or having a US address?

Stageshoot

dougz wrote: »

Could you do this completely online from the UK i.e without ever visiting a branch or having a US address?

No if you are a UK Citizen you will need to visit a branch, to open an account, online account opening will require US SSN and Address, these things have to be overidden for UK citizens so require a branch staff member to do them.

Cook_County

I doubt many domestic branches would do this since the Patriot Act and without a W8-BEN ... good luck!