Opening bank accounts in the US for foreigners
Many people living under unstable totalitarian regimes are wisely transferring their assets to normal countries to protect their values.
Opening a bank account in the US only requires a passport and personal presence. It is very beneficial obtain a Individual Taxpayer Identification Number (ITIN) by filing fom W-7 to the IRS. To check form W-7 status call 1-800-829-1040:
1 (English)
2 (Personal Tax)
1 Submitted form
3 Other
2 Personal
The best way to file form W-7 is going to a nearby Taxpayer Assistance Center to file it in person with a filled form W-7, and a passport. It takes about 10 minutes to fill form W-7. This way avoids sending original official ID (e.g. passport) to the IRS.