1. What is the initial deposit?

The bank says there is an initial deposit of US$1,000. However, you can actually open the account without any deposit and then add any amount you like. We opened our account with zero dollars (no deposit). Later we then added $100. Our members area will show you how. There is no minimum balance after your account has been opened.

2. Are there any account fees?

No fees within your first 12 months, regardless of your deposit amount (even if you only have $5 in the account). After that time your account can stay free of maintenance fees if you keep it active.

3. Do I need a US tax file number?

No. NOT even your own country's tax file number is needed.

4. How much can I withdraw per day?

You can withdraw up to $500 a day on your VISA debit.
You can write a check in any amount (up to your balance).
You can wire transfer any amount (up to your balance) to any other bank account.

5. Can I withdraw PayPal funds?

Yes, you can withdraw funds from PayPal and any other account that does ACH (direct transfer). They will be deposited directly into your US bank account without any fees.

6. Do I need Bank reference letter?

No. A photocopy of your passport is all that's needed. The photocopy does not have to be notarised.

7. Will I receive account statements?

Yes. You can either view them online or have them mailed to you.

8. Do I need a US mailing address?

No. The bank airmails documents and statements internationally.

9. 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.

10. Can I deposit US checks?

Yes. Just endorse the check and mail it directly to the bank.