{"id":2815,"date":"2022-05-04T13:19:46","date_gmt":"2022-05-04T13:19:46","guid":{"rendered":"http:\/\/redconsultingus.com\/blog\/?p=2815"},"modified":"2022-12-30T18:51:22","modified_gmt":"2022-12-30T18:51:22","slug":"bank-of-america-en","status":"publish","type":"post","link":"http:\/\/redconsultingus.com\/blog\/en\/bank-of-america-en\/","title":{"rendered":"[2023] Checking account in the USA: Bank of America: questions answered"},"content":{"rendered":"\n<p>Opening a checking account with Bank of America is not as difficult as many people think.<\/p>\n\n\n\n<p>Having a checking account in the USA gives you a lot of opportunities, especially if you want to open a business in this country.<\/p>\n\n\n\n<p>Many people have this desire, but don&#8217;t know where to start.<\/p>\n\n\n\n<p>In this article we will bring you information about how to open a checking account at Bank of America.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is Bank of America?<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/5sSk0RllxSkcVKtlP0itfagt6Hgt0AwjAKhVuvNMuY9QLuIH2QY27U2N_khChOHKQAGatvnpGop5LEH5luf-S69-hfXSr4G2Chpea653VN_nvuUe1-Dr-kWwsowhgU8S-LZoKBGMGkv8aaAkuA\" alt=\"bank of america\"\/><\/figure>\n\n\n\n<p>Having a checking account is very important, especially if you are an entrepreneur who is expanding your business to the United States.<\/p>\n\n\n\n<p>Through a checking account, you can make purchases, put phone plans on your debit card, receive checks, and many other things.<\/p>\n\n\n\n<p>Bank of America is one of the most popular banks in the United States, and is preferred by many people because it accepts non-resident account holders.<\/p>\n\n\n\n<p>However, you should pay close attention to the documents required, as they may vary from branch to branch.&nbsp;<\/p>\n\n\n\n<p>Its headquarters are in Charlotte, in the state of North Carolina.<\/p>\n\n\n\n<p>If you get US citizenship through a green card, you will have many more benefits in any US bank.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bank of America: how to open an account<\/strong><\/h2>\n\n\n\n<p>As we mentioned earlier, not all banks in the United States accept non-resident citizens.<\/p>\n\n\n\n<p>However, Bank of America accepts people under these conditions, but the documents required vary from branch to branch.<\/p>\n\n\n\n<p>You should be aware of this process.<\/p>\n\n\n\n<p>The document required to open a checking account in the USA is the SSN, which is equivalent to the CPF in Brazil.<\/p>\n\n\n\n<p>But in the case of non-resident citizens, there is an alternative, which is to <a href=\"http:\/\/redconsultingus.com\/blog\/en\/the-tax-id\/\" target=\"_blank\" rel=\"noreferrer noopener\">acquire an ITIN<\/a> (Individual Taxpayer Identification Number).<\/p>\n\n\n\n<p>You can request your ITIN by mail or at any IRS office (entity responsible for the tax burden in the United States).<\/p>\n\n\n\n<p>To open a checking account in the USA at Bank of America you must have the following documents with you:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Passport and other document that has a photo.<\/li><li>Proof of residence in the United States (it can be from a hotel you are staying in, your home, or a relative\/friend)<\/li><li>A valid e-mail address<\/li><\/ul>\n\n\n\n<p>Be aware that the official at the agency may ask for a document of your income outside the US, so have this at hand in case it is necessary.<\/p>\n\n\n\n<p>And finally, you must have an initial deposit amount, we recommend an amount of $100, to have a better balance.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Is it safe to open a checking account with Bank of America?<\/strong><\/h2>\n\n\n\n<p>The account opening process is simple and practical, so you don&#8217;t go through a lot of bureaucratic issues, like the banks in Brazil.&nbsp;<\/p>\n\n\n\n<p>After this process, you will leave with a provisional card for debit, where you can already use it.&nbsp;<\/p>\n\n\n\n<p>For the credit card, you can only apply for credit after one year.<\/p>\n\n\n\n<p>Bank of America offers a lot of convenience for its account holders, while also offering them security.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bank of America Login<\/strong><\/h2>\n\n\n\n<p>To login, simply go to the institution&#8217;s homepage and enter your registered e-mail address and password.<\/p>\n\n\n\n<p>Make sure you enter an e-mail address that is easy to remember and a strong password.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bank of America Brasil<\/strong><\/h2>\n\n\n\n<p>Nowadays there are many services in which you can send money to Brazil.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>TransferWise<\/li><\/ul>\n\n\n\n<p>This application works with the average market rate, which attracts many users<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Paypal<\/li><\/ul>\n\n\n\n<p>This tool is widely used for e-commerces in Brazil, and is also widely used for transfers from the USA to Brazil<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What services are available?<\/strong><\/h2>\n\n\n\n<p>The tax incentive services of the card are very interesting.<\/p>\n\n\n\n<p>One very interesting service, when you put in the requested amount for the account opening, maintaining a good relationship with the bank, Bank of America gives you that amount back.<\/p>\n\n\n\n<p>This amount is for your insurance, and the bank&#8217;s insurance, because you are at the beginning of a relationship with the institution.<\/p>\n\n\n\n<p>For essential services, when you use the Bank of America debit card, you get a 2% cashback on your account.<\/p>\n\n\n\n<p>The branches have employees ready to help you with the process of opening a checking account in the USA, speaking English, Spanish and Portuguese.&nbsp;<\/p>\n\n\n\n<p>In the case of the Portuguese language, it depends on the state where your branch is located.<\/p>\n\n\n\n<p>Bank of America has 4 sectors for their services, we will explain each one below.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Consumer banking<\/li><\/ul>\n\n\n\n<p>This sector is geared towards consumer loans and deposits.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Global Wealth &amp; Investment Management&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<p>This sector, on the other hand, is geared towards investment management.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Merrill Lynch Global Wealth Management e U.S Trust<\/li><\/ul>\n\n\n\n<p>In this sector the subdivisions of the branch are present.<\/p>\n\n\n\n<p>Check out the services in more detail on the <a href=\"https:\/\/www.bankofamerica.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">official site<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Advantages of Bank of America<\/strong><\/h2>\n\n\n\n<p>Bank of America is one of the big banks present in the United States, and has made its investment program respected in the country.<\/p>\n\n\n\n<p>When you open a checking account, you are not tied to the branch where the process was done.<\/p>\n\n\n\n<p>You can solve any pending issue, at any branch of Bank of America, which are spread all over the USA.<\/p>\n\n\n\n<p>This makes it very easy for the entrepreneur who wants to open a business in the USA without complications.<\/p>\n\n\n\n<p>Bank of America has very affordable checking account opening services, with small account maintenance fees.<\/p>\n\n\n\n<p>There are also account opening plans for students, with very attractive prices.&nbsp;<\/p>\n\n\n\n<p>Their branches have professionals who can assist you in English, Spanish or Portuguese, all to inform you as clearly as possible about the services of Bank of America.<\/p>\n\n\n\n<p>Do you want to have a checking account in the USA with Bank of America? Leave a comment and share with us and our readers your opinion and ideas!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opening a checking account with Bank of America is not as difficult as many people think. Having a checking account in the USA gives you a lot of opportunities, especially if you want to open &#8230; <a title=\"[2023] Checking account in the USA: Bank of America: questions answered\" class=\"read-more\" href=\"http:\/\/redconsultingus.com\/blog\/en\/bank-of-america-en\/\" aria-label=\"More on [2023] Checking account in the USA: Bank of America: questions answered\">Ler Mais<\/a><\/p>\n","protected":false},"author":6,"featured_media":2513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[1055],"class_list":["post-2815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inversion","tag-bank-of-america","no-featured-image-padding","resize-featured-image"],"amp_enabled":true,"_links":{"self":[{"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=2815"}],"version-history":[{"count":0,"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/media\/2513"}],"wp:attachment":[{"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=2815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=2815"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/redconsultingus.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=2815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}