Why is a there a travel requirement for bank accounts opening?
by hunison | Jun 1, 2020 |
- In short, there is no requirement for anyone to have to travel to the US to open their bank accounts. But in practice, no bank would allow you to open one without first getting to know you. It is part of the compliance measures that banks have taken over the year.
- It is not an easy pursuit to open a US bank account, personal or business, if you are not in the country. This is true everywhere in the world and not just in the United States. The process has become very difficult and long because of the world’s increasing rules and regulations against money laundering.
