That web site you have listed: Im in the process of trying to open a US bank account with them at the moment, so far it has been OK but Im waiting for the papers from the bank. I didnt want to put anything on the forum until Im sure it is OK as there are a lot of scams out there and we must be carefull. I shall keep you informed.
Originally posted by banker That web site you have listed: Im in the process of trying to open a US bank account with them at the moment, so far it has been OK but Im waiting for the papers from the bank.
I emailed the guys as a potential buyer and they didn't disclosed the bank name.
1) Around 2 weeks for the paper to reach us
2) If you send back your forms the next day with UPS or FEDEX they will receive your application in just a few days.
3) You will then need to wait around 2 weeks to receive your account information (account number, internet banking password, etc).
So we are talking about aprox 1 month to open the account.
I sent the application form away on 23rd May and Its now the 8th June and still no papers from the bank its not looking good. I also applied for a swiss account from another company and I have been scamed for $400.00, the name of that company is "swissgates" located in the UK. So be carefull out their its a mine field.
I paid with a friends credit card, I will give it till Friday then lodge a dispute. Swissgates was paid by TT to his bank so I cant dispute that one. I will keep you all up to date as to what happens. From what I see on the forums there are a lot of people trying to get bank accounts in the US and its no longer easy since 9/11.
Check with some local banks. Some of your local banks might have a branch or a partner bank in the United States. If so, they might help you open the bank account that one and this will help to satisfy the YKYC (you know your customer) regulation.
I am hoping that Valis will locate another bank that will help support international clients but it might just be way too expensive for that bank.
Short of coming here in person - that is about the easiest way.
Well im starting to think so, before 9/11 it was very easy, imposible its not since if you have a Us Merchant you need a US check account to send the Money, the only practicall way I think today is opening with a Federal EIN and you must open it on your Corporations name, that way its easy but it costs allot since you need to incorporate. The other way is just to take a flight and open it yourself. Over internet or any other way right now after 9/11 is almost impossible. Well the only think this stupids regulations will cause is that more people will choose other countries to put their money like Europe, they dont have so low merchant fees but at least they dont make it impossible to open a merchant and a bank account, actually in Europe you can open via Internet in 10 minutes a bank account.
Coreybryant: I have checked with the local banks here but where Im situated in Thailand the banks here are a nightmare. HSBC and Citibank want $10,000. opening deposit. I tried to buy a bank check(draft) today for $1,000. and after two hours and three different banks I got one. The banks here dont like foreigners. One bank wanted a letter from the company in the US stating that they required a bank check for $1,000. from me, telling me that this is a new govt rule!!!!!!!. I think I might make a trip to the States can any one tell me the best state to open a bank account. Do they still allow Australians into the US?????
Originally posted by banker Coreybryant: I have checked with the local banks here but where Im situated in Thailand the banks here are a nightmare. HSBC and Citibank want $10,000. opening deposit. I tried to buy a bank check(draft) today for $1,000. and after two hours and three different banks I got one. The banks here dont like foreigners. One bank wanted a letter from the company in the US stating that they required a bank check for $1,000. from me, telling me that this is a new govt rule!!!!!!!. I think I might make a trip to the States can any one tell me the best state to open a bank account. Do they still allow Australians into the US?????
Well if they let Canadians in with chainsaws, I am sure they still will allow Australians in
As far as banks, one person from this board opened an account at B of A. I have one also at Bank of America and one at Wells Fargo. Those are two of the larger banks I beleive on the West Coast. Both B of A and Wells have online access as well.
I heard something about if you actually go to a US Embassy and get your passport certified by the US then bank accounts could be opened, its still not easy but at least is one step closer. Also you should have some trading references in the US, alone or without help from someone on the US its impossible.
Well i found it, they use to work with Valis but not anymore, you get a Full Us Bank account for 600$ and 150$ deposit. Only with maestro debit card costs 450$ plus 150$ deposit.
Looks serious and honest. Any one have any experience or want to try them out and then post the results? http://www.*********************
Well the URL has nothing to do with competition to the forum, its a company that opens Bank account, Corporations both for UK and USA. They seem good, just seach in Google:we only need your EIN to open a bank account
Its the first result, actually you can open an account without EIN or SSN but just search that in google and its the first result. I hope this helps.
Read through their website, what most impressed me is - No Account Open Guarantee.
They only guide your through the process of application, as what I understand - I still have to complete the application by MYSELF, to the banks that well-known to us (HSBC/Chase etc.). So what's the difference without them? They claimed they have so called partner bank in NY, but...still... No Account Open Guarantee?
I would prefer to wait for the news from David (Valis) and get something more actual.
June 14, 2005 -- The Financial Institution (FI) we've been talking to for the last month or so has finally agreed to take on all of our clients, on a one-by-one basis.
What this will entail is a new application process (which we are working out the details for now), where we will provide you with mostly completed forms that you'll just need to print off, sign, date, check a couple of other boxes, then courier back to the bank along with the standard documentation.
Now would be a good time to request a bank reference to be faxed or emailed to you, then put in the mail from Mt Morris Savings. You can email the request to Jessica, [email protected].
It doesn't look like the accounts will be opened before the Mt Morris scheduled closing date of July 1st, 2005, unfortunately. We are in contact with Mt Morris about possibly extending this for those of you who want the new accounts, but it is not looking good as their regulators are pressuring them heavily to close the division. When the President of Mt Morris Savings returns from vacation next week I will discuss it with him again, but it does not look good. So in all likelihood you will be without an account for a few weeks, unless the new applications can be handled very rapidly by the new FI. I'm very sorry for this and we are trying to prevent it.
As soon as we have the details of the application process ironed out I'll notify you again and will provide instructions on how to get the new accounts and what will be involved.
We should have it all worked out with both FIs by mid next week, but hopefully we'll be able to start the application process sooner rather than later. I'll contact you again as soon as we have more progress.
All the best!
Quite bad news on a side and not realy clear on another side. This delay will surely couse some losses to the actual customers of Valis Savings. But, another thing is if Valis will succed with this new "FI" with transfering customers, will they accept new applications ?