Sorry, only US Citizens and US Legal Residents [green card] can open a US checking or savings account.
People used to open a bank account with a just a passport before, but new anti-terror & money laundering laws were enacted due to September 11th and it is no longer possible.This is not true at all!
I have several European friends that opened US bank account with just their passport. What you cannot do is open the bank account over the phone like a US citizen/resident could. Even illegal Mexicans can open accounts, with just their Mexican ID, for example, in Bank of America.
Some banks may be stricter than others, so you should go to a "mass" bank like Bank of America or Wachovia or Suntrust. Citibank and JP Morgan may be more difficult (especially Citibank).
Some banks may require to apply for ITIN - Individual Taxpayer Identification Number with the IRS before they open you the account.
All in all, it's not at all that difficult.
This will explain everything.
Section 326 of the U.S. Patriot act:
It looks like I stand corrected - when my Dominican brother-in-law and his wife wanted to open a US checking account [both legal residents/green card holders] they had a hard time. I ended up taking them to my own bank where they know me well [PNC] and it was an easy process. Maybe it depends on the bank?
How does one open a US bank account without a social security # for the 1099 for interest at the end of the year?
Under current U.S. law, non-resident aliens do not require a social security # to open a bank account in the USA and do not receive a 1099-INT. You will be asked to fill out an IRS Form W-8BEN when opening the account, and will be asked for additional documentation to confirm your identity and country of residence. At year end, any interest will be reported to you on Form 1042-S. Bank deposit interest is exempt from U.S. tax withholding.How does one open a US bank account without a social security # for the 1099 for interest at the end of the year?
Same as in the DR, the same bank's branches may have different policies and/or different approchaes, or simply invent policies themselves.Even if they told me two times on the phone two ids are fine I entered the chase bank near the airport. They also wanted a Dominican Utility bill and they did not accept my german drivers license.
So it is not the law, it is the banks policies. I could verify my new account with paypal right away.