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U.S bank Accounts for non residents

     
10:15 pm on Jul 14, 2005 (gmt 0)

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There had been several posts regarding this issue ,but since most of them has been closed ,i am reopening a new thread to allow the guys who participated to give us any news ,any update from Valis? it doesn't look like any 1 is bothering to talk about it any more..is it that impossible?!

Ali

9:50 pm on July 17, 2005 (gmt 0)

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You might contact etrade. Valis was supposed to be working with them. We have had a few customers open up an account with Etrade actually and then tehy were able to transfer the money from Mt Morris to Etrade to help satisfy the YKYC (you know your customer) regulation

-Corey

2:15 pm on July 19, 2005 (gmt 0)

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Valis promised to contact me if they figure out a resolution but they didn't..maybe they just solved the problem of their existing customers as u said,but they still don't open new accounts,otherwise they would have told me.
Ali
2:36 pm on July 19, 2005 (gmt 0)

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The existing ones - quite possibly because then it could be a little easy to satisfy the YKYC (you know your customer) banking regulation.

But contact etrade directly. And Valis again. It will not hurt. I do know that Valis has been trying to find another bank - it is just difficult because of all the costs involved.

A lot of banks will also open up a bank with a good size deposit. And also check with your local banks. Sometimes they have a tie with a US bank. And then they could help you get the account that way

-Corey

2:56 pm on July 19, 2005 (gmt 0)

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I've sent u a sticky mail asking you about the URL or link for the etrade you are talking about and got no reply from you,so please check your inbox.
Ali
4:33 pm on July 19, 2005 (gmt 0)

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I just sent you one - I never received it.

-Corey

6:12 pm on July 19, 2005 (gmt 0)

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I called Etrade and they said they can't do it,just like Valis they used to do that but after the patiriot regulations they stopped..i can't believe its impossible to do this anymore!
Ali
4:07 am on July 20, 2005 (gmt 0)

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Well I did call etrade as well - they said no. But then a week later - one of our international clients was approved. I think they are doing it on a case by case basis

-Corey

6:59 am on July 20, 2005 (gmt 0)

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I don't think any could open such account,they didn't take any input from me to determine if i am eligible or not..they just said NO..they didn't even take my name..they said that i can only open a brokerage account (deposit only)..so forget it!
Ali
9:50 am on July 20, 2005 (gmt 0)

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So a deposit account doesn't work?
7:59 pm on July 20, 2005 (gmt 0)

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This doesn't work for E-commerce projects,its for use with Shares and Stock market.
Ali

tony1299

3:43 am on July 22, 2005 (gmt 0)

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Guys,Etrade is a brokerage firm, where people trade, its not a bank :)
12:33 pm on July 22, 2005 (gmt 0)

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Guys,Etrade is a brokerage firm, where people trade, its not a bank :)

I realize that, but they do have bank accounts as well. And a few clients overseas use them as a bank account and some MAPs that will support overseas merchants recognize them as a bank account as well and support that

-Corey