Why U.S Bank Are Closing Non-Resident Accounts (& How To Fix It)

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  • เผยแพร่เมื่อ 29 ธ.ค. 2024

ความคิดเห็น • 33

  • @faysdt414
    @faysdt414 8 หลายเดือนก่อน +9

    When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.

  • @ScottJLetourneau
    @ScottJLetourneau 8 หลายเดือนก่อน +4

    Great video! US banks are a moving target and your tips are 100% on target!

  • @TBradFashionModel
    @TBradFashionModel หลายเดือนก่อน

    Hahahahahaha,...I opened my emails and was whacked with an email saying everything I had financially would be closed as I'm an ex-pat,.....I almost had a heart attack....

  • @BD-YouTube-Developer
    @BD-YouTube-Developer 7 หลายเดือนก่อน +2

    Boss Undoubtedly keep it up all the best But according to your video, you deserve more subscribers, views, likes and comments

  • @Arwabiz
    @Arwabiz 6 หลายเดือนก่อน +2

    Hi James,
    I need your expertise on an issue I'm facing. It seems that non-US residents, even with a valid EIN, ITIN, and physical address, are unable to open a physical bank account in the US without visiting a branch in person.
    Could you advise on any alternative methods for opening a physical bank account in the US without having to visit a branch?
    Thanks.

    • @nicksky4642
      @nicksky4642 6 หลายเดือนก่อน

      ben there even whit a ITN OR EIN number later down the line they close it append to me.

  • @hussainaliakber6496
    @hussainaliakber6496 4 หลายเดือนก่อน

    What if i use my cousin real home address for both the residential and business address is this recommended, or would you suggest using a virtual commercial address for the business address?

  • @tsp7517
    @tsp7517 6 หลายเดือนก่อน

    Thanks for the video. I would like just to clarify : Relay (or any other bank ) want a physical address in the us to open a personal bank account. But is it the same for the LLC bank account?

  • @GreenCardUA-o6v
    @GreenCardUA-o6v 8 หลายเดือนก่อน +2

    Thanks Man

  • @sotorapos
    @sotorapos 5 หลายเดือนก่อน

    @JamesBakerCPA If we go for a Physical business address, does the single member non-resident US LLC become ETBUS and has to pay US taxes?

  • @avlf.youtube
    @avlf.youtube 8 หลายเดือนก่อน +2

    Doesn't having physical addresses in usa make one taxable?

    • @JamesBakerCPA
      @JamesBakerCPA  8 หลายเดือนก่อน +1

      Where you perform the work is what matters

    • @lifestylemed-hub
      @lifestylemed-hub 6 หลายเดือนก่อน

      Doesn't a US address residential proof of address presented to the US bank by a non resident implicate one as an illegal US resident with a taxable effectively connected income, ECI?

  • @vitalykalugin2444
    @vitalykalugin2444 8 หลายเดือนก่อน +2

    I received the same letter from Mercury 2 weeks ago. I am a non-resident of the USA, a citizen of Belarus, living in Armenia, and my address in Armenia is verified with Mercury. If I change my current LLC address in the USA to an address in Armenia in Mercury, will I lose my bank card with a US billing address after such a change? In other words, will the US bank card turn into an Armenian one?

    • @SuperAnirock
      @SuperAnirock 8 หลายเดือนก่อน

      What happen with you? mercury sent same latter to me also and I am worried if my money get stuck then i'll lost everything I have, Do they allow us to withdar our money to our account with ACH (wise) ? if I verfiy my home address and still have the same register agent adress as USA address is that fine? I got no official mail from them I just see notification on my bank dashboard. I have million in account can I withdraw that?

  • @jocejoy
    @jocejoy 6 หลายเดือนก่อน +1

    If you are not a US resident, do not open a LLC in the US. It’s impossible to have a US bank account there. I wish someone would have told me that 3 months ago. I’m considering opening a LLP in the UK.

    • @JamesBakerCPA
      @JamesBakerCPA  6 หลายเดือนก่อน +1

      It's not impossible we arrange this for our clients everyday! I'm sorry you had a tough time

    • @Thevitalmedia555
      @Thevitalmedia555 6 หลายเดือนก่อน

      @@JamesBakerCPAi have an llc in usa. I need a bank account in usa. I m non USA resident. Can u help me in this regard?

  • @multicoremedia4516
    @multicoremedia4516 8 หลายเดือนก่อน +3

    Do the undercover GoPro Video! :)

  • @carmalbarlow8454
    @carmalbarlow8454 3 หลายเดือนก่อน

    Can you do Chase next ?

  • @bevonaustin8738
    @bevonaustin8738 8 หลายเดือนก่อน +1

    What if My country address has P.O. in it?

    • @bevonaustin8738
      @bevonaustin8738 8 หลายเดือนก่อน

      Can I just leave it off

  • @Millenniumkhan
    @Millenniumkhan 8 หลายเดือนก่อน

    could you answer this please, So i have question
    If i have LLC, is only requirement utility to open Bank account as nin resident (and i have LLC, but i have not opened Bank account, thats why im here), am i right
    Or for me better to get physical address even i have LLC under my name?
    If I get a physical address, do I still need utility bills to open a bank account?

  • @fengshui2151
    @fengshui2151 6 หลายเดือนก่อน

    and when many accounts get closed by banks, they will simply decide how long it will be frozen before the amount of money contained in the account gets possessed (looted) by them or their principals.

    • @JamesBakerCPA
      @JamesBakerCPA  6 หลายเดือนก่อน +1

      When the accounts are closed they return the money promptly in my experience

  • @Pretahouse
    @Pretahouse 8 หลายเดือนก่อน

    Relay are asking for this address verification to all their clients or only new ones?

    • @JamesBakerCPA
      @JamesBakerCPA  8 หลายเดือนก่อน

      Going forward. So for new clients

  • @nicksky4642
    @nicksky4642 6 หลายเดือนก่อน

    I love my canadian bank to all canadian want to open a us bank just go whit rbc or cibc and they will never close it. And please never never open a BMO IN THE US FROM CANADA AND THE US WORST BANK

  • @jickjulius
    @jickjulius 8 หลายเดือนก่อน

    Good afternoon sir, my EIN was sent to me yesterday, even though I registered with Relay bank but i use drivers license for identification but it didn't go through

    • @suciptodev
      @suciptodev 8 หลายเดือนก่อน

      If you non U.S resident, use passport.

    • @kirohisham6003
      @kirohisham6003 6 หลายเดือนก่อน

      Was the process of opening an account in Relay successful?
      If you succeed, tell me what you did. I do not live in America, like you, please help me

    • @kirohisham6003
      @kirohisham6003 6 หลายเดือนก่อน

      @@suciptodev Was the process of opening an account in Relay successful?
      If you succeed, tell me what you did. I do not live in America, like you, please help me

    • @jickjulius
      @jickjulius 6 หลายเดือนก่อน

      @@kirohisham6003 it didn't work out because I don't have a passport, so I have go somewhere else, if not with your passport it's very easy