Can a Canadian citizen open a bank account in the USA?

If so what sort of info do I need? I don't have a social security obviously, as I am a Canadian Citizen. Can I open a US bank account with a passport, and/or credit card?

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  • 1 decade ago
    Favorite Answer

    Yes, you can.

    Whenever a foreigner opens a US bank account, the bank will have you complete a w-9 form. This form states that you are a foreigner.

    To reward you for your honesty, the IRS will rip off 30% of the interest earned by your account. The bank has the responsibility to withhold this and forward it to the IRS, so you don't have to do anything.

    Since the IRS is so generous and such a magnanimous entity, they have most generously allowed you NOT to file a US income tax return. So, you have no obligation to file anything, as long as you don't make the terrible mistake of becoming a US Permanent Resident or Citizen.

    If you do.....well, that's another story, along with all its associated ugliness.......

    And please bear in mind that the US MAY notify your government of the interest earned ( under the Tax law treaty ), so you MAY have to declare that interest in your Canadian Tax return. If, as I suspect, the Canadian Government is like ours, their love and concern for your welfare will oblige them to take taxes from the amount you declare.

  • 4 years ago

    For the best answers, search on this site https://shorturl.im/aw3R8

    Anyone can open a bank account but there are specific procedures that must be followed. To open an account, you have to: ■go to the bank in person, and ■show the bank some identification (I.D.) You must use original I.D., not a photocopy. Choice #1 Show two pieces of I.D. from this box: ■Canadian driver's license ■current Canadian passport ■Canadian birth certificate ■Social Insurance Number (SIN) card ■Old Age Security card with your Social Insurance Number on it ■Certificate of Indian Status ■provincial or territorial health insurance card (this cannot be used in Ontario, PEI or Manitoba) ■Certificate of Canadian Citizenship or Certification of Naturalization ■Permanent Resident card or a Citizenship and Immigration Canada form IMM 1000, IMM 1442, or IMM 5292 Choice #2 If you don't have two pieces of I.D. from Choice #1 you can: Show one piece of I.D. from Choice #1 and one piece of I.D. from this box: ■employee I.D. card ■debit card or bank card with your name and signature on it ■Canadian credit card with your name and signature on it ■current foreign passport ■a Canadian National Institute for the Blind (CNIB) client card with your photo and signature on it If you don't have any of these you are out of luck but if it is Canadian dollars you want to save you can open a Canadian funds account at any US bank just like we can open a US funds account at any Canadian bank.

  • 1 decade ago

    To answer the question, yes.

    A passport should do it, but why don't you call a larger bank's 1-800 number and find out what you need? Don't know if toll free works across the border, but even a long distance call's fee would likely be worth the information.

  • Anonymous
    1 decade ago

    Try Bank Of America. They give bank accounts and credit cards to illegal immigrants...

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  • 4 years ago

    As a Canadian, you are entitled to Treaty Investor or Treaty trader visa. You can get the business visa if you have money to invest. it is called E visa. If you are qualified and have a degree equivalent to BS degree in US, you can qualify for TN visa.

  • Anonymous
    4 years ago

    Really interesting question, looking forward to going through the answers

  • Sparky
    Lv 4
    1 decade ago

    Sure. You just need a license or a registration card from Canada. If they are letting all the illegals do it, I don't see why you can't.

  • Anonymous
    1 decade ago

    I don't see why not? the more customers bank have. the better it is for them.

    ty :-)

  • hyon
    Lv 4
    4 years ago

    I am interested to know more about this too

  • Anonymous
    4 years ago

    can someone tell what is the correct answer for this question?

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