View Full Version : Does any Foreign Bank allow USA citizens to open bank accounts?
I contacted Citibank China, they said I need to be there in person and bring a passport. I like having a foreign account because I can denominate the account in almost any currency I want.
Is there any way to open a foreign bank account without being present?
No, and it's gonna set off patriot act stuff if you're licensed, or if you transfer even $10k. Also you may want to be sure of any limitations on the investments you can make as a non resident alien.
So basically I have to fly there and do it in person. In that case it won't be worth it unless I deposit about $10,000USD which I'm not ready to do just yet.
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