[2022] Checking account in the USA: Bank of America: questions answered


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 a business in this country.

Many people have this desire, but don’t know where to start.

In this article we will bring you information about how to open a checking account at Bank of America.

What is Bank of America?

bank of america

Having a checking account is very important, especially if you are an entrepreneur who is expanding your business to the United States.

Through a checking account, you can make purchases, put phone plans on your debit card, receive checks, and many other things.

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.

However, you should pay close attention to the documents required, as they may vary from branch to branch. 

Its headquarters are in Charlotte, in the state of North Carolina.

If you get US citizenship through a green card, you will have many more benefits in any US bank.

Bank of America: how to open an account

As we mentioned earlier, not all banks in the United States accept non-resident citizens.

However, Bank of America accepts people under these conditions, but the documents required vary from branch to branch.

You should be aware of this process.

The document required to open a checking account in the USA is the SSN, which is equivalent to the CPF in Brazil.

But in the case of non-resident citizens, there is an alternative, which is to acquire an ITIN (Individual Taxpayer Identification Number).

You can request your ITIN by mail or at any IRS office (entity responsible for the tax burden in the United States).

To open a checking account in the USA at Bank of America you must have the following documents with you:

  • Passport and other document that has a photo.
  • Proof of residence in the United States (it can be from a hotel you are staying in, your home, or a relative/friend)
  • A valid e-mail address

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.

And finally, you must have an initial deposit amount, we recommend an amount of $100, to have a better balance. 

Is it safe to open a checking account with Bank of America?

The account opening process is simple and practical, so you don’t go through a lot of bureaucratic issues, like the banks in Brazil. 

After this process, you will leave with a provisional card for debit, where you can already use it. 

For the credit card, you can only apply for credit after one year.

Bank of America offers a lot of convenience for its account holders, while also offering them security.

Bank of America Login

To login, simply go to the institution’s homepage and enter your registered e-mail address and password.

Make sure you enter an e-mail address that is easy to remember and a strong password.

Bank of America Brasil

Nowadays there are many services in which you can send money to Brazil.

  • TransferWise

This application works with the average market rate, which attracts many users

  • Paypal

This tool is widely used for e-commerces in Brazil, and is also widely used for transfers from the USA to Brazil

What services are available?

The tax incentive services of the card are very interesting.

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.

This amount is for your insurance, and the bank’s insurance, because you are at the beginning of a relationship with the institution.

For essential services, when you use the Bank of America debit card, you get a 2% cashback on your account.

The branches have employees ready to help you with the process of opening a checking account in the USA, speaking English, Spanish and Portuguese. 

In the case of the Portuguese language, it depends on the state where your branch is located.

Bank of America has 4 sectors for their services, we will explain each one below.

  • Consumer banking

This sector is geared towards consumer loans and deposits.

  • Global Wealth & Investment Management  

This sector, on the other hand, is geared towards investment management.

  • Merrill Lynch Global Wealth Management e U.S Trust

In this sector the subdivisions of the branch are present.

Check out the services in more detail on the official site.

Advantages of Bank of America

Bank of America is one of the big banks present in the United States, and has made its investment program respected in the country.

When you open a checking account, you are not tied to the branch where the process was done.

You can solve any pending issue, at any branch of Bank of America, which are spread all over the USA.

This makes it very easy for the entrepreneur who wants to open a business in the USA without complications.

Bank of America has very affordable checking account opening services, with small account maintenance fees.

There are also account opening plans for students, with very attractive prices. 

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.

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!

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