Headline: How to Open a Bank Account in the United States from Colombia
Some Colombians want to open a savings account in a bank in the United States, because this way they do not need to change from Colombian pesos to dollars to make online purchases. They may be thinking about leaving the country, and this procedure would help them move forward a little, or simply because they want to save their savings there.
Starting the process of opening a bank account in the United States from Colombia is possible through Colombian banks that have branches in that country. The possibility of opening these accounts is restricted to certain people or companies, which must meet specific requirements related to the nature of their activities.
Another option to consider instead of traditional bank accounts are digital platforms such as PayPal or Payonee, which offer an online account opening process with minimum requirements.
If your goal is a savings account in a bank, you should keep in mind that the opening process may vary depending on the entity. There are numerous banking entities in the US, and some have less strict criteria for non-residents. Research and compare the banks to identify which one meets your needs in terms of rates, services, and simplicity in opening accounts.
You will need the following documents: a valid passport, proof of address, tax identification number, email, and phone number from the United States.
Some banking institutions make it possible to open an account online, but there are others that only do this procedure in person. Upon opening your account, you may need to validate it through a transaction, either by depositing money or setting up a direct deposit. Each bank has particular requirements and procedures, so these steps may vary.
It is important to note that opening a bank account in the United States may entail tax implications, so it is recommended to consult with a financial or tax advisor before carrying out this process.