House prices in Australia went through the roof in the last few years, while the house prices in the US keep falling down. This may be the main reason why more and more Australians decide to buy properties overseas, instead of spending too much money on a single house in their mother country. But, can you actually buy a property in the US without having a US bank account? How can you transfer great sum of money at once? Since you are not an American, the procedure of opening a US bank account will take longer than you think. There are many banks that offer these services and will open an account in your name, but be prepared to send a fat check.
Does it pay off to buy an airplane ticket to the US just to go there to open a account? Probably not the best idea, right. There is an easier way to that. You still have other options to consider. Did you know that opening a US bank account from abroad is possible? You just need to rely on a good Australian company that deals with this kind of stuff. Opening a US bank account from abroad through a reliable Australian company will save you time and money. Here’s what you need to do.
- Find a reliable real estate agency that has an extensive experience with the US housing market and has a strong relationship with more than one US banks and can help you set up a bank account without having to travel to the US. Opening a US bank account from abroad is possible with experienced investors.
- If you cooperate with a reliable Australian real estate agency you will be able to get your rent money from your US bank account without having to pay extra charges.
- Opening a US bank account from abroad is possible when you are backed up by a good Australian real estate agency. Since most US banks have internet banking services, you won’t have a problem checking you account online whenever you want.
- Opening a US bank account from abroad does not mean that you will not be able to write checks.
- Some people think that they will lose their money if the US bank bankrupts. With a reliable Australian real estate agency that’s simply impossible. Those banks that cooperate with the Australian real estate agency are covered by Federal government. In case of bankruptcy, government will reimburse up to $250,000.