Searching for How to Open US Bank Account from Nigeria for Free? Having a bank account in the United States comes with a lot of benefits. Even if you’re not moving to the US or need a bank account in US currency, opening a US bank account online will probably be very helpful. Even though the process can be hard, it is not impossible. In this article, we’ll talk about the most important alternatives to opening a US bank account if you don’t live there. This account will help you no matter what your needs and preferences are!
HOW TO OPEN US BANK ACCOUNT FROM NIGERIA (2022)
Here are step-by-step instructions for opening a bank account in the United States from Nigeria.
HOW TO OPEN A USA BANK ACCOUNT AS A NON-RESIDENT FOR FREE
You can also open a bank account in the United States if you have a valid passport. Depending on the branch and state, you can open a bank account in the United States with just your passport. Other offices, however, may require you to also have an address in the United States.
If you want to set up a business account, the process is much easier. If you set up a business in the US, you can use your EIN to open a business bank account in the US.
If you don’t live in or aren’t a citizen of the United States, you can easily apply for an ITIN and open a bank account there. You don’t have to go to the United States to finish this process.
You don’t have a lot of time left.
Several non-residents and sometimes even foreigners outside the US can open a normal bank account with reputable US institutions like Wells Fargo, Bank of America, JP Morgan Chase, Capital One, and Suntrust as long as they have all the required paperwork.
Other modern institutions, like TD Bank, Citibank, HSBC, and Bank of America, require a copy of your international passport to open an account in the United States. All of the information they need will be in your passport.
In the United States, the requirements for opening a bank account vary by bank, state, and branch. So, if you want to open a bank account or fill out an application online in the United States, you should know what the bank needs from you before you go.
HOW TO OPEN A FREE USA BANK ACCOUNT WITH PAYONEER
Payoneer is a free service for sending and receiving money from anywhere in the world. With Payoneer, you can send as little as $3 from Germany to China, from the US to Brazil, or from the UK to Nigeria. Yes, you can send money to anyone you want for less than $5. The best thing about Payoneer is that the person you send money to will get it within two hours. If the payment doesn’t come within two hours, don’t worry; it will probably come within the next 48 hours.
Payoneer gives you a free US bank account without a lot of paperwork because they want to show how good they are.
All they need is your Nigerian National Identification Card, Voter Card, Driver’s License, or International Passport.
If you have a national ID card, a driver’s license, or an international passport, you can open an American bank account without leaving your home. The whole process takes place online.
After you upload the necessary documents, it will take about 3 business days to verify the information and turn on your Payoneer account. You will get an email once your account has been set up. If you got the email, you can now send and receive money for free into your US bank account.
HOW TO OPEN A FREE USA BANK ACCOUNT WITH WISE.COM
TransferWise, now called Wise.com, is another fast and cheap way to send and receive money around the world. You can, however, use this company to open a free US bank account in Nigeria.
With a TransferWise borderless account, you can send and receive more than 40 different currencies in any bank account you set up. With your borderless account, you can send and receive money right away. You can also move money from your bank accounts in your home country to your bank account in the US.
Unlike Payoneer, Transferwise users can get money from individual clients through their US bank account.
Yes, you can give your client your US bank account so they can pay you and get your money on the same day if you use Transferwise.
TransferWise has been approved by and is regulated by the Financial Conduct Authority in the United Kingdom. So, you can rest easy because the organization protects your money in a way that is better than what most Nigerian banks do.
HOW TO OPEN A FREE USA BANK ACCOUNT WITH PAYPAL
All you need is an email address to set up and verify your free bank account in the United States with PayPal. The only thing you need to open a bank account in the United States and send and receive money is a working email address.
PayPal is a very important Fintech company, even though most people don’t think of it as a bank.
Money that is kept and then sent between PayPal accounts is put into bank money market accounts, which makes it eligible for FDIC pass-through insurance. Your PayPal money is even protected, just like money you put in a traditional bank.
Even though the Federal Deposit Insurance Corporation and state regulators don’t think of PayPal as a bank, the company still runs like a bank.
The best part is that everyone all over the world knows how to use PayPal. With more than 18 million active merchant accounts, the business does transactions each month that are worth billions of dollars.
With a PayPal bank account, you can’t send or receive real money; you can only send and receive PayPal funds. PayPal funds are a form of electronic money that PayPal created to make shopping online easier.
Don’t worry, because you can move your PayPal money to your bank account as real money. Once you’ve linked your PayPal account to your bank account, it’s easy to send money from your PayPal account to your Nigerian bank account.
With your PayPal debit card, you can pay online, get cash from any ATM in the world, pay bills, and move money between your PayPal account and a bank account.
HOW TO OPEN A USA BANK ACCOUNT WITH MERCURY
Mercury is another great service that lets you open a bank account in the United States without having to fly there. Mercury makes it easy to open a bank account in the United States so you don’t lose all your money.
Mercury opened its doors for the first time in September 2019, and since then it hasn’t stopped giving its customers cutting-edge services and products. This well-known company hasn’t gotten much attention, though, because it’s only a medium-sized fish competing against sharks.
Mercury is one of the best ways for a non-resident, non-citizen, or digital nomad to open a bank account in the United States. Americans may only need a few minutes to open and start using a normal bank account, but
Even if your business isn’t based in the US, Mercury is a good choice if you need a typical US bank account for it. Foreigners and people who don’t live in the United States may have to wait longer, but it’s worth it.
Mercury also lets foreigners, like Nigerians, form a non-resident LLC in any US state for a very small fee and without any tax penalties. Most of Mercury’s services are free, and the ones you have to pay for aren’t very expensive.
They might ask you to put money into your account before they’ll let you use it. Then everything is free, including sending money, getting money out of an ATM, paying online, and sending money to other countries.
