Citi bank vs Payoneer for non residents

By Rohan Smith, 15 December, 2022

Citi bank review for non-residents without SSN

Bank
Citi bank
SSN Required?
Yes
ITIN Required?
No
Can Apply Online?
With SSN
Summary

Citi Bank is one of the largest Neobanks in the country, specializing in credit cards. Citi offers 13 types of cards, including free ones (no monthly fee). The Visa and Mastercard standards are accepted all around the world. Cash withdrawal is free from 65,000 ATMs. Citibank allows its clients to shop online and offline, and make international transfers. The mobile app features detailed analytics on the accounts and cards; as well as options for systematizing expenses. Also, the digital bank offers savings accounts at up to 1.01%.

Features
  • No minimum opening deposit.
  • Paperless statements option.
  • Unlimited reimbursement of non-Citi ATM fees.
  • No foreign exchange fee when using Citibank Debit Card abroad.
Cons
  • Does not provide a Multi-currency account.
  • Does not issue debit cards (pre-paid).
  • High-interest rate (APR) for most credit cards of the bank is rather high, up to 26.49%.
Link
https://online.citi.com/US/ag/banking/checking-account

Payoneer review for non-residents without SSN

Bank
Payoneer
SSN Required?
No
ITIN Required?
No
Can Apply Online?
Yes
Summary

Payoneer offers your business a multi-currency account to pay and get paid globally, as easily as you can locally. This all-in-one account gives you everything you need to get paid by your international clients and global marketplaces, pay your suppliers, and invest in growing your business.

Features
  • Global access.
  • Low fees.
  • Withdraw your earnings locally.
  • Pay your global suppliers. contractors and business expenses.
  • Licensed and regulated by multiple government regulators.
  • Get paid in multiple currencies.
Cons
  • High card transaction fees.
  • It adds a currency conversion charge of 2% for international transactions.
  • It also charges an annual fee for the usage of Mastercard.
Link
https://www.payoneer.com/solutions/payoneer-account/