Bank of America vs Globalfy for non residents

By Rohan Smith, 15 December, 2022

Bank of America review for non-residents without SSN

Bank
Bank of America
SSN Required?
For Residents
ITIN Required?
No
Can Apply Online?
With SSN
Summary

The Bank of America is the second-largest bank in the US and one of the top ten largest globally, Bank of America is a financial services titan that provides a wide assortment of retail, business, and investment banking services to over 66 million customers across the globe.

Features
  • Low monthly maintenance fees and minimum opening deposits.
  • Very familiar with opening accounts for foreigners.
  • Lots of international partner ATMs.
Cons
  • Monthly fee $4.95 - 3% Int'l card payment cost.
  • Relatively high foreign transaction fees.
Link
https://www.bankofamerica.com/

Globalfy review for non-residents without SSN

Bank
Globalfy
SSN Required?
No
ITIN Required?
No
Can Apply Online?
With EIN
Summary

Globalfy operates on a global level, providing banking services to customers all around the world. It allows you to open a US bank account online without having to visit any physical branch or contact any rep.

Features
  • Takes less than 24 hours during working days for bank account applications to be approved by Globalfy.
  • No initial deposit or minimum initial balance. - account can be opened online, and you won’t have to worry about delays in payments or deposits.
  • Globalfy Visa debit cards carry no fees to the users and can be swiped in more than 50 million businesses around the world.
  • SSN is not Required.
  • FDIC-Insured.
Link
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