In this article, I will emphasize the importance of American bank accounts for non-residents. If you do business online, you will realize that more than 85% of the people or businesses you do are from the United States. This means that when they want to pay you, it's easier to set up an account with a bank or financial institution in the United States.
For example, suppose you are a merchant and process your card payment through an external credit card processing company, such as plimus.com. What happens is that at the end of the sales period, when they want to transfer your return with the lowest commission, they offer you the following options: check payment, bank transfer, and direct deposit / ACH (US bank accounts only). Let's look at each of them separately and find out why this is the best solution for those who have an account with our bank.
For those who receive a check with payment, the check is made at an American bank and mailed to you. Depending on your location, it can take 3-4 weeks. After receiving the check, assuming it has not been lost in transit, you will now need to deposit the check with your national bank. The local bank will now send a check to the United States for withdrawal / withdrawal by a U.S. correspondent bank or agent. Depending on your location, this may take 3-4 weeks.
When the check arrives in the United States, assuming it is not lost at the time of the transfer, the bank in question will ensure that the check is passed through the American financial system. It will take 2-3 business days. They will then add value to your bank in your country. They will charge between $ 25 and $ 100 depending on the bank. The local bank will also charge fees. It can be located wherever there is the highest number. Remember, North American Bancard Agent Program they are there to make a profit. In total, you can see a total charge of $ 35 to $ 100 to clear only one check you receive. And for everything that matters, a check can cost $ 150! Imagine paying $ 100 for a $ 150 check? You only have $ 50 left. not good at all! Think about whether you were given this way to participate in the event that paid you by check.
Now another option is to have the company pay you and transfer the income to you through a local bank. It's usually between $ 25 and $ 35, and it takes no more than five days to receive it. If you have been refunded $ 150, you have approximately $ 115 left. Some companies may charge a transfer fee, and your bank will charge a fee for receiving the transfer. Here you can see a $ 50 transfer for $ 150. Imagine how much you would pay for a full year.
Now let us see what happens if you have a US bank account. First, the ACH or direct deposit is free. That means you get $ 150 in full! It also takes 2-3 business days to access your account. Do you see the difference? Yes, it is useful if the US bank is a non-resident resident.
How do I request a withdrawal from my US bank account? easy! American Bank will issue you a Visa or ATM card linked to your account. It can be used to quickly withdraw cash from your home ATM. So do not wait, do not pay, there is only a fee for withdrawal from the ATM. So, as you can see, the importance of a non-resident non-resident bank account that earns money online cannot be overemphasized.