How to open a bank account in the United States?

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How to open a bank account in the United States?

Do you need to send remittance money to relatives in Mexico? We tell you how to open a bank account in the United States.

Bank account in the United States, how to get it?

Learn how to access a bank account in the United States
Learn how to access a bank account in the United States

A bank account is an alternative to transfer money safely, quickly and at an affordable cost. In addition, they can give you the possibility of accessing financial products and services.

Also, it can be a great option to send remittance money to family and loved ones in Mexico. However, you should know that to apply for a bank account in the United States, you must meet a series of requirements.

On the other hand, there are aspects of the bank accounts that you'll need to know whether you want to hire her in the united States, as in Canada or Mexico. The main variables to consider are the fees and their costs.

Requirements to obtain a bank account in the united States

The Consular identification card will allow you to open a bank account
The Consular identification card will allow you to open a bank account

To apply for a bank account in the united States, primarily, you must meet two requirements: have residency in the country and have documentation of official identification.

These requirements are the same for most of the banking and financial institutions. If your desire is to get a bank account in the united States, you have the possibility to present at the consulate or embassy of Mexico and apply for your Matricula Consular High Security.

This official document is issued by the Government of Mexico to record their citizens in the united States. You will return to Mexico, but not to travel to other countries or to perform certain immigration procedures.

In addition, the Matricula Consular is recognized as proof of identity for many banks and financial institutions, as well as mexican and u.s. officials.

To apply for a consular registration is required:

  • Proof of mexican nationality.
  • Official identification (mexican or american).
  • Proof of residence in the consular district.
  • Payment of corresponding fees ($36)

However, it may not be issued if the recorded criminal background, or you find yourself in judicial or administrative process in Mexico.

How to apply for a bank account in the united States?

You can do it face-to-face or over the Internet

The vast majority of banks or financial institutions in the united States offer a recruitment service of bank accounts for both face-to-face and online.

If you have an account with the requirements to open an account and want to get one, in the next lines we detail the steps you must perform to get it.

Please note that, among the financial institutions that support the consular stand out Bank of America, the people's Bank, Citibank, HSBC, JP Morgan Chase, Wachovia Bank, Washington Mutual and Wells Fargo.

Guide to apply for a bank account in the united States

It is a practical way to send your remittances to Mexico

The process of applying for a bank account online can be very simple.

You will only need to enter the institution's Web site and follow these simple steps, Start now!

Step 1: Enter the Website of the bank

Enter the portal of the bank

As a first step, you will enter the Website of the financial Institution of your choice. In this site you will find detailed information on the condition of your bank account.

Please note that all banks offer a basic bank account. usually, this financial product has low costs and charges few fees to perform operations.

Once you've decided to apply, just put it in “Open my mind”

Step 2: Complete your personal data

Complete your personal information for the high of the bank account
Complete your personal information for the high of the bank account

In this step you you request: Name and Surname, Id (Matricula Consular), Date of birth, Address, Postal Code, Locality, etc, These data are fundamental for the opening of your bank account in the united States, and for the subsequent shipment of your debit card.

Also, you may need to fill the number of your mobile phone and send an SMS to verify your number. If so, you may serve to activate your account and complete your registration.

Step 3: submit your documentation the high of the bank account

Prepares the documents that verify your identity, nationality and domicile

In most banks, the system will prompt you to attach the necessary documentation to verify your identity, income, place of residence, etc

This is known as a “verification process”. Therefore, you will need to send photos of your Identity Document, Tuition Check, Proof of Income, Proof of address, etc

Step 4: Complete the identification process

Some banks may ask you for a video to identify you

Some banks or financial institutions may ask you to make a video identification. To do this, you will need to have the documentation that proves your identity (National Identity card or Matricula Consular)

Step 5: Complete the financial information

You must detail the amount of your income, work situation, etc

In your fifth step, you'll need to inform the bank about your financial situation. This means that you should provide information about your income, as the place at which you work and the economic sector. These data are essential for the bank to develop your financial profile and to offer you products that best fit your style of consumption.

Step 6: Receive the pre-contractual information

The pre-contract will give you the details of the bank account to which you are applying
The pre-contract will give you the details of the bank account to which you are applying

Then, the bank will contact you (he saw down e-mail, phone or regular mail to your address) to get a document with specific information about the product that you want to hire.

In this way, you'll have access to the costs of maintenance, administration, interest, and commissions of the bank account that you wish to hire.

We advise you to read it with peace of mind and contact the bank to make all the questions you need.

Step 9: sign your contracts

Signing the contract for your bank account
Signing the contract for your bank account

Once you've reviewed your document, you'll be able to sign it with a single click, and the bank will be accepted the conditions.

Congratulations! You already have your account.

Step 10: do you Have questions? She goes face-to-face

If you prefer, you can come to the branch office of the bank nearest to your home or employment, for which a manager to help you with the registration process, and you provide all the information related to the account.

Step 11: to Resort to the entities of mexicans in the exterior

If you have doubts and want someone else to advise you, you can rely on united States to the Bureau for Consumer Financial Protection, or show up at the ministry of Foreign Affairs or the Institute of mexicans abroad.

There you will be able to advise you financially, provide you with information or request the documentation you need to open your bank account in the united States.

How to choose a Banking Institution in the united States?

Don't forget to ask for some features of a bank account
Don't forget to ask for some features of a bank account

In the first place, it is necessary that you determine what you're going to use this kind and financial product is to make your daily operations? do you want to send remittances to relatives in Mexico?

Once you determine what is the use that you'll give, you can take into account the conditions offered by the banking institutions americans, with respect to:

  • Minimum amount of money to open an account: some banks require a minimum amount in the account to be able to manage your opening. Others, they may ask you for proof of income.
  • Monthly fees for account management: banks charge a cost of commissions monthly (or annual divided into monthly payments) for the use, maintenance and management of the account. Therefore, please keep in mind this cost and request the information of this figure, before defining the banking institution that you will choose to open your bank account in the united States
  • Commission for not maintaining the minimum balance required: some banks charge a penalty for not maintaining the minimum money required in your account. Check what is the amount in advance to give you opening into your account and start trading.
    • Rate of interest offered by the account: Please note that some bank accounts can handle one type of Interest. Check what are the figures, before you hire him.
    • Means to dispose of resources: most of the banks offer a debit card or checkbook, to give operation to the money in the account. Therefore, it verifies the costs of these plastics.
    • Cost for the replacement of the debit card: in Addition, to illustrate the costs for the issuance of a debit card, keep in mind that you need a replacement due to theft or loss. Therefore, it is not others, to ask what is the amount that will be charged to the financial institution in case of your request.

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