Hello, we are KEDP Anzhiqinzi, and we will answer your questions below.

In addition to visiting relatives and friends, enjoying delicious food and admiring the beautiful scenery when arriving in the United States, the author believes that the most important thing is to open a bank account in a local bank in the United States in advance. Regardless of whether you immigrate or invest in the United States in the future, this will definitely be inevitable when you arrive in the United States. For consumption and shopping, if you use a foreign credit card, there will be exchange differences, and the credit card company will charge a certain handling fee. If you often go to the United States for business or tourism, you can open a bank account and obtain a check and an ATM card (debit card) at the same time. Much more convenient. When opening an account in the United States, we simply distinguish between personal accounts and corporate accounts. A brief explanation is as follows:

Opening an individual account is simpler than opening a company account. In the Chinese areas of big cities, large banks such as Bank of America (Bank of America) of America, Citibank, etc. all have Chinese-speaking clerks. As long as you prepare the following data, it can be completed in about half an hour.

1. When choosing a bank, it is recommended to be a member of the FDIC (Federal Deposit Insurance Corporation, Federal Deposit Insurance Corporation), that is, if the bank fails, the depositor's deposit limit is within US$250,000. All are protected. Moreover, it is unlikely that a national bank chain will go bankrupt, and there are many ATM locations, making it easy to withdraw money and save money.

2. Documents to bring: Passport for entry into the United States and photo ID, such as U.S. ID card or international driver's license (double documents required).

3. English address: In order to facilitate sending statements and or updating ATM cards in the future, the English address must be translated in advance, and it is best to have a local address. If not, you can temporarily use a friend's address.

4. Deposit U.S. dollars: New account holders are usually required to maintain a minimum deposit. If it is less than this amount, the bank will charge service fees (ranging from about 12 to 25 U.S. dollars per month, depending on the amount) Depends on the policies of each bank).

5. Obtain a temporary check and tell them to print the most basic check for use when necessary (if you are a new immigrant, you will have to declare U.S. taxes every year in the future, and you may need to issue a check from a local U.S. bank) , after getting the check, please write down the signature on the check to avoid forgetting it when writing a check in the future.

6. Test the ATM card and enter the password left when opening the account to confirm whether the money can be withdrawn.

7. Most banks provide online banking services. Please apply for this service when opening an account. When you return to your country, you can still make payments or check your account balance.

8. If you are a new immigrant who has just arrived in the United States to obtain a green card, and it is your first time to open an account at Bank of America, you can try to apply for a Secured Credit Card in your account. Increase the credit limit on your credit card to establish credit in the United States. If there is a card payment record after one year of use, you can immediately obtain a local credit card in the United States and establish credit in the United States to facilitate future loan or related consumption payments.

9. If you are not a U.S. citizen, green card holder, or have a U.S. Social Security number, you may want to open an account at Citibank in the United States. In this case, you can still apply for a Citibank credit card as long as you have your U.S. passport and English tax certificates for the first three months abroad.

10. U.S. citizens or green card holders need to fill out Form W-9. The bank will issue Form 1099 every year to declare income tax. If they are non-tax residents, they should fill out Form W-8? , as proof of exemption from interest income tax, so no tax will be withheld.

11. If you want to make securities-related investments in the United States, the most efficient and convenient way at present is to conduct online transactions. You can choose a securities company from the comparison table below to open a securities account. In principle, You need to prepare the following information:

Fill in the account opening application form;

Provide a copy of a valid ID card with a photo or a copy of the inside page of your passport;

Proof of address (Choose one of English address certificate issued by a bank or credit card monthly statement, household water, electricity and gas bill, mobile phone or telephone bill, etc. issued by a bank in any month within three months);

Non-U.S. tax residents Form W-8BEN should be filled out. Capital gains (Capital Gain) earned by non-U.S. tax residents from buying and selling U.S. securities are exempt from withholding U.S. income tax. Please fill out Form W-8BEN provided by the IRS when opening an account in order to enjoy tax exemption benefits. However, foreign investors still must pay U.S. government income tax (currently 30%) on cash dividends (Dividends).