Opening US bank account

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Opening US bank account


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Old 23rd January 2020, 06:18 AM
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Default Opening US bank account

I'm retired here (PI) and no longer have a US address or phone number. I want to open a US bank account to put money into CDs. I've tried several banks both traditional and online and I cannot open an account.

Most banks require a US address and phone number. One bank did not but would not open an account for someone living in PI.

Anyone else run into or this or know a workaround?

Thanks

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Old 23rd January 2020, 07:18 AM
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Jake welcome to the forum and I have my sister for now sending me checks/Visa card I use her address but eventually I'll have to try something else like direct deposit to my Philippine Bank they have this available with certain banks, I know my PNB bank has whats called a pension account but it'll only be for the pensioner you won't be able to add your wife if married.

I think you'll be hearing from a few members that use some sort of virtual mail box in the US or Mail forwarder.

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Old 23rd January 2020, 10:34 AM
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Hey Jake,

I think the safest and sure way to get bank transactions in the US living in the Philippines is from using someone's address that you know there. Someone you trust. Opt for an electronic statement and have a us email address. That way you can see the statement each month online. Also, check the notify feature for any transactions on your account and elect getting them from your local email there.

NOTE: I had a problem living in the Philippines and accessing my account in the usa. They blocked my account the first time I did it. The fraud department thought it was a fraudulent activity coming from outside the country. I had to notify them I was living in the Philippines for a while, so they made note of that on my account and unblocked it.

there are programs out there that will furnish you with a local IP address to fool the party you are contacting. You can live in the Philippines and have a USA IP address when connecting to a person in the USA. I used one for awhile before going back to the USA. I was using the Fifth/Third bank here. Maybe some banks are not as strict on rules as they are here.


Art


Last edited by greenstreak1946; 23rd January 2020 at 10:45 AM.
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Old 23rd January 2020, 11:12 AM
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Quote:
Originally Posted by JakeSaPI View Post
I'm retired here (PI) and no longer have a US address or phone number. I want to open a US bank account to put money into CDs. I've tried several banks both traditional and online and I cannot open an account.

Most banks require a US address and phone number. One bank did not but would not open an account for someone living in PI.

Anyone else run into or this or know a workaround?

Thanks
try wells fargo,i did it all online while in Philippines....cancelled them later

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Old 23rd January 2020, 02:43 PM
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If you are retired military or a veteran, try USAA. Navy Federal CU might be able to work with you as well.
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Old 24th January 2020, 12:36 AM
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USAA does offer all types of financial services. Check their website for what is available. I opened my account with them online, but I did live in Arizona at that time. They have no problem with dealing in other countries as they have clients all over the world and are used to dealing with Vets & Retirees. As long as you are a Vet you can avail yourself to their services.

Fred

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Old 26th January 2020, 11:40 AM
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I have my account with USAA... but I also use a mail forwarding service and MagicJack for my US address & phone number. You might also try using a VPN to spoof your IP and make it look like you are in the US.

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Old 27th January 2020, 07:34 AM
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A little different, I am Canadian and needed to open a US bank account because the US firm I was working with would only make direct deposit to a US bank. (That really gave the filipinos and a few other nationalities working for them a problem.)

I was at the office in Kansas City where they are a major employer. Silly me thought that it would be simple, just walk across the street to a local bank and they would have no problem opening an account for an employee of one of the areas major employers. (This was in 2010.)

Was I wrong, I actual thought a couple places were about to call Homeland Security on me because I was Canadian, going to work in Afghanistan and wanted a US bank account.

Finally gave up and when I went to Grand Forks ND, Wells Fargo had no problem opening an account for me with a Canadian address.

You might have to actually go there in person to open an account, you may also need to have an ID with an US address on it. (Get your friend to write you a "lease" and use that as proof of address.)

Good luck, tax and criminal activity has made opening a US bank an issue for a lot of people in unusual situations.
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Old 27th January 2020, 08:12 PM
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hey Tukaram,

That is what I used when in the Philippines was a VPN program to access my bank account in the USA with a fake IP address. I had no problems until one day I forgot to log into the VPN first. I tried logging into my account and got blocked out because it showed someone logging into the account from the Philippines. What a mess. I had to call the fraud department the next day and get it straightened out.

NOTE: Always log into the VPN program first before loading up your bank app to log into it.

art

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Old 29th January 2020, 01:52 AM
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Quote:
Originally Posted by greenstreak1946 View Post
hey Tukaram,

That is what I used when in the Philippines was a VPN program to access my bank account in the USA with a fake IP address. I had no problems until one day I forgot to log into the VPN first. I tried logging into my account and got blocked out because it showed someone logging into the account from the Philippines. What a mess. I had to call the fraud department the next day and get it straightened out.

NOTE: Always log into the VPN program first before loading up your bank app to log into it.

art
I do not use the VPN as much as I used to. Now I told them I am a travel vlogger. When I first moved over here I do not think they would have accepted that, but now they understand. I find it interesting that I have never been to a branch of my bank. I opened the account online, and have never lived within 300 miles of a branch.
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