FAQ (frequently asked questions)

FAQ


1. What is the Initial Deposit?
The bank says there is an initial deposit of $1,000(US). However, you can open the account without any deposit and then add any amount you like. I opened my account with no deposit at all. I later added $10 there is no minimum balance after your account has been opened.

2. Are there any account fee?
No fees within your first 12 months, regardless of your deposit amount (even if you only have $5 in you account) after that time you account can stay free of maintenance fees as long as you keep it active.

3. Do I need a US tax file number?
No. Not even you own country’s tax file number is needed.


4. How much can I withdraw per day?
You can withdraw up to $500 a day using your VISA debit card. You can write a check in any amount (up to your balance). You can wire transfer any amount (up to your balance) to any other bank account.


5. Can I withdraw Pay pal funds?
Yes, you can withdraw funds from pay pal and any other account that does ACH (direct transfer). They will be deposited directly into your US bank account without any fees.


6. Do I need Bank reference letter?
No. A photocopy of your passport is all you need. The photocopy does not have to be notarized.


7. Will I receive account statement?
Yes. You can either view them online or have them mailed to you.


8. Do I need a US mailing address?
No. The bank airmails documents and statements internationally.


9. Can I use my VISA debit card in any country?
Yes. You can use your VISA debit card at any ATM. You can also use it wherever VISA is accepted.


10. Can I deposit US checks?
Yes. Just endorse the check and mail it directly to the bank .


11. Can anyone open an account?
Account cannot be opened for people from the following countries; North Korea, Cuba, Iraq, Libya, Sudan, Liberia, Sierra Leone, the UNITA faction in Angola, Syria, and Burma.
1. What is the Initial Deposit?
The bank says there is an initial deposit of $1,000(US). However, you can open the account without any deposit and then add any amount you like. I opened my account with no deposit at all. I later added $10 there is no minimum balance after your account has been opened.

2. Are there any account fee?
No fees within your first 12 months, regardless of your deposit amount (even if you only have $5 in you account) after that time you account can stay free of maintenance fees as long as you keep it active.

3. Do I need a US tax file number?
No. Not even you own country’s tax file number is needed.


4. How much can I withdraw per day?
You can withdraw up to $500 a day using your VISA debit card. You can write a check in any amount (up to your balance). You can wire transfer any amount (up to your balance) to any other bank account.


5. Can I withdraw Pay pal funds?
Yes, you can withdraw funds from pay pal and any other account that does ACH (direct transfer). They will be deposited directly into your US bank account without any fees.


6. Do I need Bank reference letter?
No. A photocopy of your passport is all you need. The photocopy does not have to be notarized.


7. Will I receive account statement?
Yes. You can either view them online or have them mailed to you.


8. Do I need a US mailing address?
No. The bank airmails documents and statements internationally.


9. Can I use my VISA debit card in any country?
Yes. You can use your VISA debit card at any ATM. You can also use it wherever VISA is accepted.


10. Can I deposit US checks?
Yes. Just endorse the check and mail it directly to the bank .


11. Can anyone open an account?
Account cannot be opened for people from the following countries; North Korea, Cuba, Iraq, Libya, Sudan, Liberia, Sierra Leone, the UNITA faction in Angola, Syria, and Burma.