OPEN A US BANK ACCOUNT
Most monies paid to you for your Internet business are drawn on U.S. Bank checks.
Some of the financial institutions that offer payment gateways to merchants who own websites, do not offer to wire earned money to a bank account especially if you are not in the U.S. Rather, your checks are sent to you via mail and you would have to go to any of the Nigerian banks to cash it. To cash your check could take several weeks to a month and the charges are exorbitant.
But if you have a U.S. Bank account, you can send your checks from your Internet business directly to your own U.S. Bank account and once your account is credited you can then wire the money straight into your domiciliary account. This could take as little as 3-5 days to reflect in your bank domiciliary account in Nigeria and the charges are minimal. To open a domiciliary account these days is quite easy. Just go to any of the New generation banks to inquire.
Also, there are some sites that do not permit Nigeria and some other countries to even sign up with them to do business and collect checks e.g. www.Clickbank.com , but with a U.S. bank account which has a U.S. address you can ask that your checks be sent directly to your bank, to be credited into your bank account.
Also if you want to have a Paypal account you would need to verify that account. To do this you would need a bank account in Paypal service country. To verify your Paypal account enables people to trust you and do business with you especially on eBay. A verified PayPal account also enables you to withdraw money from your bank account into your Paypal account to shop on the Internet and withdraw monies from your Paypal account to your Bank account. You can use a U.S. bank account to achieve this, from where you can transfer such funds to your domiciliary bank account here in Nigeria.
Requirements to open a U.S. bank account.
- Photocopy of your valid international passport
- Photocopy of the certificate of registration of your company with the Corporate Affairs Commission of Nigeria
- A domiciliary or Current account in any Nigerian Bank to wire your money into.
Processing fee for me to help you open up the account = N20,000
Alternatively you could get the step-by-step guide to open it on your own= N3,000Your U.S. Bank will be open within 2 weeks
How to make Payments
Please make payments to the account name & number as stated below:
Bank: First Inland Bank
Account Name: Samuel Iyinbo
Account Number: 08035019886
(*Note: This is a Flash me Cash account)
After payment please call my phone #: 08035019886
If you do not have the following requirements to open a U.S. Bank account but want us to help you cash your U.S. check, please click here for a solution.
Frequently Asked Questions
1. Does this work with Paypal?
Yes.
You can link your account to your PayPal account and verify your account. You can transfer money FROM your PayPal account to this bank account. With this US bank account, you can now withdraw your PayPal money to this account and turn it to real cash! After you transfer your PayPal money to the bank account, you can easily withdraw the cash at over 17,000 ATMs worldwide using your VISA Platinum Debit Card or you can make a wire transfer to your local bank account.
2. Is there a minimum deposit?
I did not open an account with a deposit. There is no minimum balance after your account has been opened.
3. How about the account fees?
As long as your account stays active, there are now fees.
4. Do I need a US tax number?
No. NOT even your own country's tax number is needed.
5. How much can I withdraw per day?
You can withdraw up to $500 a day with your VISA debit card.
You can write a check in any amount (covered by your balance of course).
You can wire transfer any amount (up to your balance) to any other bank account in any country.
6. Do I need Bank reference letter?
No. A photocopy of your passport is all that's needed. The photocopy does not need to be notarized or certified. No credit check is done.
7. Will I receive account statements?
Yes. You can choose to receive electronic statements (PDF) or printed statements.
8. Can I use my VISA debit card in any country?
Yes. You can use your VISA debit card at any ATM. You can also use it wherever VISA is accepted.
9. Do I have to make a deposit to receive my VISA debit card?
Initial Deposit of $1,000 only. You can send a check or wire transfer/PayPal your initial deposit after your account is opened (after you received your account number). If you do not make the $1,000 deposit, you won't be able to receive the debit card. You do not need to make an initial deposit if you do not want an ATM card. If you wish, you can operate your account with wire transfers, etc. (fully functional) until you want the ATM card and only then make the deposit.
10. Can anyone open an account?
Almost anyone can open an account. The only exceptions are citizens of the following countries - Canada, Cuba, Iran, Iraq, Libya, North Korea, Sudan, Liberia, Sierra Leone, the UNITA faction in Angola, Syria and Burma (Myanmar).
11. Can I trust this bank with my money?
This is not a small town bank. It is a Very Large and Reputable Company with branches all over the US. It is even listed in the New York Stocks Exchange (NYSE) with market capitalization of over 7 Billion!
