Open a US Bank Account From India [Free Guide]

Citizens and residents of India can open a US bank account from India. Yes, you read that correctly.

Remote account opening is 100% possible. Even from India.

Of course, each bank and its onboarding processes can differ, including requirements that need to be met.

That’s why you must choose a bank that is best suited to your specific banking needs. But also, a bank with requirements you can meet.

Open a US Bank Account From India

To open a US bank account from India, you will need to overcome the onboarding process and submit supporting documentation. Not to mention, meet specific requirements related to being a citizen of India. Additionally, you will need to know which bank, branch, and even banker will accept you as a resident of India.

And, if you go in blind, don’t know which banks will accept you or which banks offer the benefits you’re after, you’re likely going to have a difficult time opening a US bank account from India.

Fortunately, in this article, we’re going to share everything you need to know on how to start opening US bank accounts from India. Including the challenges, you’ll have to overcome to successfully open.

But that’s not all.

Here’s a look at everything we’ll cover…

As a bonus, we’re going to share with you how you can get started opening US bank accounts from India today.

But, before diving in, if this is your first time visiting GlobalBanks, don’t forget to download your FREE USA Banking Starter Guide. It’s designed to help non-residents open accounts with top banks in the US.

Why Open a US Bank Account From India?

There are many reasons why citizens and residents of India are looking to open US bank accounts from the comfort of their own homes.

And not only because it’s 100% possible to do, but because of the benefits US banking can offer residents of India.

That said, let’s first look at the reasons why there is interest in opening a US bank account from India in the first place.

Reasons to Open a US Bank Account From India:

Need to send money to family living in the US (save on transfer fees)
Work for a USA based company
Planning on making frequent visits to the US
You conduct business in the US
You have employees or contractors living in the US
Wanting to invest in the US stock market
You have suppliers based in the US
You have a large customer base in the US
Access US credit cards and travel rewards
And more…

If you fall into one of these categories, you might want to consider opening a US bank account from India.

In fact, as we’ll get into below, opening US accounts can offer unique benefits that you can’t access anywhere else.

That said, it’s important to note, (like banking anywhere) there are challenges that residents of India need to overcome to successfully open accounts in the USA.

So, with that said, let’s look at the challenges residents of India will face when opening a US bank account.

Challenges of Opening a US Bank Account From India

Before applying to open accounts from India, you need to understand the challenges you’ll likely face.

That said, the challenges you face will highly depend on your client profile, your specific banking needs, and how you proceed with the account opening process.

In fact, the bank you choose to open with can have an impact on your account opening experience.

That’s why it’s important to not only choose a bank that accepts your client profile, but one that will cater to your specific banking needs and wants.

Ultimately, it comes down to being well prepared and understanding which banks (and bankers) will allow you to open a US bank account from India.

So, to help prepare you, let’s look at the challenges you likely will face during the account opening process.

Challenges of Opening a US Bank Account From India:

Not all banks accept remote account opening
Unable to meet bank-specific requirements from abroad
Difficulties opening without a US phone number
Choosing the wrong bank can waste time and money
Account opening process can be time-consuming (if not prepared)
Challenges in providing an acceptable US address
Application and monthly fees can apply
Challenges finding banks that don’t require an ITIN or SSN
And more…

As you can see, there are challenges citizens and residents of India will face when opening USA bank accounts.

And the biggest challenge many residents of India face is knowing which specific bank and banker to contact. Not to mention, understanding the bank-specific account opening quirks and requirements you need to meet as a non-resident of the US.

That said, some of these challenges can be completely avoided if you know which bank and banker to open with.

And, if you’re able to navigate these challenges properly, you’ll successfully open a US bank account from India and start unlocking unique benefits you likely can’t access anywhere else in the world. More on this below.

Benefits of Opening a US Bank Account From India

Although opening a US bank account from India has its challenges, it can be worth the trouble. In fact, many citizens and residents of India look to open a bank in the USA because of the opportunities it presents.

For instance, whether you need a USD account, want to access US brokerages or investment products, or acquire a US credit card to earn travel rewards, opening a US bank account from India can do all that and more.

Of course, the benefits one client group may unlock may differ from the next client group. So, it’s important to understand all the potential benefits you can access as a citizen of India when opening a US bank account.

That way, you can ensure you’re opening with a US bank that can offer the benefits you’re after.

With that said, let’s look at some of the other benefits residents and citizens of India can unlock when they open a US bank account from India.

Benefits of Opening a US Bank Account From India:

Deposit insurance of up to US $250,000
Ability to invest in US stocks, ETFs, and other products
Ability to apply for US credit cards (to earn travel rewards)
Can build a US credit score & history
Ability to avoid excessive foreign transaction fees
Grow your money in a stable banking jurisdiction to avoid Rupee (INR) inflation
Ability to access mortgages & financing
And more…

Now, depending on your client profile and banking needs, you can access most (if not all) of these benefits. Including the top benefit many foreign non-residents around the world are interested in: US credit cards.

US credit cards are providing attractive and profitable rewards that you can’t access anywhere else in the world. In fact, no other country even comes close. And, non-US residents can access them, even from India.

Of course, you need to have the right information… luckily, we can help.

If you’re interested in learning more about US credit cards, we share the step-by-step instructions on how to unlock the benefits, including the specific strategies on how to choose the right credit card for your unique client profile in our premium members-only report “US Credit Card Strategies For Foreigners and Non-Residents”.

You can access this report immediately when you join GlobalBanks USA.

Now that you understand the challenges you’ll need to overcome and the benefits you want to unlock, it’s important you know the specific steps and requirements you need to take to start opening US bank accounts from India.

So with that said, let’s look at what you need to open a US bank account from India.

What You Need to Open a US Bank Account From India

As mentioned, opening accounts in the USA as a citizen or resident of India is challenging. In fact, it can be very time-consuming and frustrating if you’re not well prepared.

But, it’s still possible.

To do so, you need to know which bank, branch, and even bankers are best suited to your client profile. Not to mention, understand each bank’s account opening quirks and requirements before applying.

That said, as a citizen or resident of India, you may be required to provide additional documents when opening accounts in the US from India.

So, before applying, you must understand all required documents that need to be submitted. This way, you can increase your chances of opening accounts in the US from India.

With this in mind, let’s look at some of the common requirements you’ll need to meet.

Requirements to Open a US Bank Account From India:

Indian passport
Valid US visa (if applicable)
Proof of address in India
India Tax Identification Number
Proof of employment & source of wealth
Bank-specific application
Account opening deposit (usually $3,000+)
And more…

Of course, to successfully open a US bank account from India, you need to meet the mentioned requirements. That said, depending on the bank you choose to open with, your client profile, and your specific banking needs, these requirements can vary.

So, before you start applying, you need to understand the bank-specific requirements you’ll need to meet according to your client profile.

How to Open a US Bank Account From India

Account opening in the USA isn’t an easy process for foreign non-residents. Especially citizens and residents from India.

That said, it’s still 100% possible.

But, as you know, there are challenges to overcome. From meeting bank-specific requirements to knowing which bank will accept you as a client.

Fortunately, GlobalBanks can help – more specifically, GlobalBanks USA.

GlobalBanks USA is the number one US bank account opening service available anywhere. It helps foreign and non-resident individuals (and their businesses) open bank accounts in the United States.

This includes the direct one-on-one support you need to find and open accounts with real brick-and-mortar banks that match your client profile. Not to mention, 100% remotely from India.

Additionally, you’ll also receive direct introductions to US bankers who are ready to help you through the account opening process.

Plus, when you join GlobalBanks USA, you receive access to our library of premium members-only US Banking Reports, our US Bank Database, and a dedicated account manager to help you navigate your options.

Ready to Open a US Bank Account From India?

Whether you’re ready to open a bank account online in the US today from India or you’re just starting to explore your options, we can help.

GlobalBanks USA is our dedicated US bank account opening service.

GlobalBanks USA gives you everything you need to start finding and opening US bank accounts for you and your business.

When you join GlobalBanks USA, you receive a dedicated account manager to help you navigate your US account opening options.

Plus, you receive access to our library of premium (members-only) US banking reports. This includes proven account opening strategies, client-specific lists of banks, and successful tactics to make the most of US banking.

Of course, you’ll receive direct introductions to US bankers who are ready to help you navigate the account opening process at top US banks.