So do they provide US checking account for Indians ? What is the minimum deposit you need to open your a/c with US branch ? Can you paste that reply here or give me the email address where you had inquired ?
I think you must have a residence in USA before applying this rule is valid in any bank all over the world
i will start a new thread and new give entire info about that.right now i am doing enquiring them.be patient and keep checking this section as soon i get complete details i will start a new thread.
As per their promise, today I got my 8 digit E*trade account no. by email & also got the call from their customer care support regarding the same. According to the agent on call, they have issued 2 letters on 23rd of this month, one containing my internet user id & another containing my password & I would get them by next 10-12 days. After getting my internet id & password I can apply for e*trade DC & I can surely use it to verify my PayPal account. I also asked him the reason for sudden closure or freezing of some e*trade accounts as mentioned by few in this thread, so he replied that such kind of actions had been hardly taken by them & whenever taken the account holder can reactivate his account after giving them the required information. In most of the cases the freezing would be only there if your account remains inactive after 12 months of free period & your account balance is lower than their quarterly fees (of $40) to deduct from your account. Thus the conclusion is you can use your e*trade account without hesitation at least for the 12 months of free period & during this free period you will never encounter any freezing problem. @laxmi the starter of this thread, Now it is confirmed that you can use e*trade DC to verify your PayPal account.
thanks for info mafostedu.now everybody can have e-trade account .they need not worry to withdraw money from paypal and verifying paypal account.but mafostedu i have one question they are asking to deposit $1000.what i should tell them?and what all things i should send them along with my application form.i don't have passport but i have valid four wheeler driving license and government issued id card(voter id).is it enough to open account?
While filling the form just choose the option "I choose electronic transfer to the related account" in the Section-5 (Fund your account) That's it. They will never ask you to deposit it even after opening your account & after making your first deposit to your e-trade even of $2 you can apply for their DC. All applications with passport as an ID verification proof, they have 0% rejection rate, I really don't know whether they will allow your voter id or driving license as a valid proof or not. For that just ask them by email or phone. I have already given you the email address in this thread earlier.
or you can marry with a U.S person to get a greencard and you can open an U.S bank account whenever you want
Yes, there is a way to open U.S. Bank account for non-US person within 1-2 weeks. Personal Banking in the United States for Non Residents is no longer an option, with the possible exception of flying here and meeting with an "understanding" Banker. Corporate Banking is just as difficult, unless you turn to professionals. The Bank account opening is guaranteed! The accounts come together with online banking and VISA cards (optional). Ideal for Non US persons who operate internet businesses or want to expand into the United States. The account is easy to use with services like PayPal© and 2checkout©. Fast and easy! For more information, visit our web site: http://www.Corp24h.com Call us anytime: +1-302-230-6506
Is it legal for an indian resident to have a us bank account at all? How can I verify this ? What else is the eligibility criteria?? You got your US-Bank account number from hong-kong ?? I had opened a bank account with a respected bank for the purpose of transferring money from my paypal to this bank account. At first one of their representatives said that it is possible and now they are insisting on bank wire which I know paypal won't do. They also said that I cannot open a US bank account unless I am a NRI. Also, I will have to be a US resident. So can you please advise on the whole thing including legal stuff. Also, tell me if what you say can be "easily" verified elsewhere. Because most banks will not take word of mouth advices. What are the tax implications of opening a etrade acc. ?
Yes, you can. This is a brokerage a/c not a pure checking a/c. If you are in India you must have heard that many Indian banks like ICICI offer free savings a/c with demat a/c. So this is just like that. I am now getting my monthly statement, too by their US main branch. So you should ask them about brokerage a/c not a checking account. They are providing free US checking a/c with brokerage a/c. For rest of the step just go through my posts in this thread. Best of Luck.
You can d/l the forms from the following link, https://us.etrade.com/e/t/estation/pricing?id=1201010000 E*TRADE Completeâ„¢ Investment Account Application (Brokerage Investing Account) Apply Online | Download PDF Open a core brokerage account with investing and cash management Yes, you must be of legal age to open any bank a/c in the world.
wonderfull.I search google and find here can open account for non Us.Please tell me i can open bank us?