RMFF
January 28, 2020, 5:18pm
5
@alecazzi there are some US banks that allow non-US residents to open and invest in stock market, bonds, funds, etc. I’ll leave below some links for your personal research.
To open a account in US it’s most likely that you need to travel US in person, but there are some places you can open online, for example: Charles Schwab, TD Ameritrade, DriveWhealth.
I finally opened an account with N26 , as my parents live in Italy. I’m still struggling though to find the best way to deposit from Mexico. About the exchange rates, I’m not sure they use the MasterCard official rates, because I read in the contract that they use the Deutsche Bundesbank table
Sergio,
I’m Brazilian as well, and first would like to ask:
Do you mostly need to PAY in USD or GET PAID in USD?
If you just want to hold or spend USD, options like Revolut card are the best ones.
If you want to pay into US accounts, open a Transferwise virtual account. BTW, people can even transfer money from US accounts to you. Revolut and Transferwise allow you to switch to USD anytime, to benefit from currency fluctuation.
If you really need a standard US bank, check this post:
The gu…
A lot of business happens in the USA. As the largest economy in the world, this comes as no surprise. If you work with US businesses, chances are, they would want to pay you through local methods. Some businesses might be setup to use Paypal or...
https://international.schwab.com/public/international/us_investing
Thank you very much for the reply, guys! Sorry for taking so long to talk back, a lot of stuff happening here.
Thank you very much for the link from the US Government, is good to show this to them, I think it might help.
Well, so that you can understand my situation, what happens is that from time to time I get a wire transfer from an investment bank to an account. It could be a Brazilian one, but the fees are crazy high and the currency exchange is always unfavorable.
So what I did is that I…
Are you looking to revamp your offshore strategy? Surprisingly, the US is one of the easiest countries to open a bank account in as a non-resident.
Est. reading time: 11 minutes
https://www.reinisfischer.com/how-open-bank-account-us-non-resident-non-citizen-wells-fargo-bank
https://www.nerdwallet.com/blog/banking/bluebird-prepaid-debit-card-review/ https://www.nerdwallet.com/blog/banking/undocumented-immigrants-bank-accounts/
https://www.investidorinternacional.com/como-abrir-uma-conta-bancaria-no-exterior-parte-5/ (in portuguese, use Google Translator to read it.)https://drivewealth.com/
I’ve opened a account on Schawb and DriveWealth. Drive Wealth is a quicker process, but they offer limited products compared to Schawb, on the other side on Schawb you will fill a longer form and need to pass by phone interview to answer some compliance questions like the origin of the money that you are moving to US and other regulatory questions.
I hope this helps you.
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