Comments on: How to Open a US Bank Account as a Canadian Citizen http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/ Freelance Writing, Personal Development, and Making Money with Freelance Writer Michael Kwan Wed, 08 Feb 2012 16:38:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-95495 David Thu, 26 Jan 2012 18:08:51 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-95495 New regulations are in place, the bank requires an ITIN or EIN number to open a USD Commercial (business) bank account. You will need one of these numbers to sell on Amazon.com. Also, if you have a US based eBay/paypal account, you will also need one of these numbers as they will require you to complete Form W-9 for their records. To avoid withholding taxes, you then need to complete the form W-8BEN to certify that you are foreign and exempt from getting taxes withheld and from filing a tax return. http://www.irs.gov/businesses/small/international/article/0,,id=96696,00.html Call up the IRS (267-941-1099) and get either a ITIN (individual) or EIN (businesses) number. You cannot do it online if you don't have a SNN number. When you speak to the IRS agent, let them know what you want...which is to basically open up a US based bank account. I spent days researching this....and found several websites asking hundreds of dollars for this simple information that I kind of figured out myself. Best of luck.... New regulations are in place, the bank requires an ITIN or EIN number to open a USD Commercial (business) bank account. You will need one of these numbers to sell on Amazon.com. Also, if you have a US based eBay/paypal account, you will also need one of these numbers as they will require you to complete Form W-9 for their records.

To avoid withholding taxes, you then need to complete the form W-8BEN to certify that you are foreign and exempt from getting taxes withheld and from filing a tax return.

http://www.irs.gov/businesses/small/international/article/0,,id=96696,00.html

Call up the IRS (267-941-1099) and get either a ITIN (individual) or EIN (businesses) number. You cannot do it online if you don’t have a SNN number. When you speak to the IRS agent, let them know what you want…which is to basically open up a US based bank account.

I spent days researching this….and found several websites asking hundreds of dollars for this simple information that I kind of figured out myself.

Best of luck….

]]> By: o2bad455 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-71584 o2bad455 Fri, 19 Feb 2010 00:20:18 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-71584 Me too. As a bonus, the BoA Visa debit card can be used to withdraw funds at any Scotiabank ATM without fees (except for the typical exchange rate spread). Me too. As a bonus, the BoA Visa debit card can be used to withdraw funds at any Scotiabank ATM without fees (except for the typical exchange rate spread).

]]> By: JadeDragon http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-71248 JadeDragon Mon, 25 Jan 2010 11:27:16 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-71248 I've had good success with Bank of America. Opening the account was just as easy as you say. I’ve had good success with Bank of America. Opening the account was just as easy as you say.

]]> By: islandgirl http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-71206 islandgirl Thu, 21 Jan 2010 06:17:36 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-71206 Hi Michael, I'm wondering how you get around paying taxes in the U.S. as a freelancer. Since you are not only working for U.S. entities, you're now receiving your funds into a U.S. account. Do the parties who pay you from the U.S. not demand some kind of W-9 (or W-something)tax form from you? I ask this because I'm a Canadian living in Hawai'i, where I work as a consultant on a visa. I'm an English major and a writer who has been living in the Caribbean for many years, so I have no tax ties to Canada. But now I have them in the U.S. and all my research, and my Immigration attorney, have led me to believe I'm meant to have a visa for each new piece of writing I'm contracted to do!!! Huh?! I suppose this is because I'm resident here in the U.S. Just watch out for the double tax thing. Thanks for your advice. Hi Michael,

I’m wondering how you get around paying taxes in the U.S. as a freelancer. Since you are not only working for U.S. entities, you’re now receiving your funds into a U.S. account.

Do the parties who pay you from the U.S. not demand some kind of W-9 (or W-something)tax form from you?

I ask this because I’m a Canadian living in Hawai’i, where I work as a consultant on a visa. I’m an English major and a writer who has been living in the Caribbean for many years, so I have no tax ties to Canada. But now I have them in the U.S. and all my research, and my Immigration attorney, have led me to believe I’m meant to have a visa for each new piece of writing I’m contracted to do!!! Huh?! I suppose this is because I’m resident here in the U.S. Just watch out for the double tax thing. Thanks for your advice.

]]> By: darlene http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-71090 darlene Mon, 11 Jan 2010 04:13:01 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-71090 Yes I have a U.S. account, I would guess you have not had to fill out your W-8 from the IRS yet? Have fun with that! Yes I have a U.S. account, I would guess you have not had to fill out your W-8 from the IRS yet? Have fun with that!

]]> By: Rody Larose http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-70494 Rody Larose Tue, 01 Dec 2009 00:26:14 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-70494 Really great information for my business, But does anyone know how to open a business in USA? I would like to move it in USA I just started and realize most of the client I deal are American any reply will be appreciate Thanks Really great information for my business, But does anyone know how to open a business in USA? I would like to move it in USA I just started and realize most of the client I deal are American any reply will be appreciate

Thanks

]]> By: Michael Kwan http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-70270 Michael Kwan Thu, 29 Oct 2009 03:53:43 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-70270 I got a similar letter last year and when I called it, they said that they would note in the system that I'm Canadian and I don't have one of those. I got another letter asking again, but I haven't called in to clarify yet. I got a similar letter last year and when I called it, they said that they would note in the system that I’m Canadian and I don’t have one of those. I got another letter asking again, but I haven’t called in to clarify yet.

]]> By: Derek Lau http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-70268 Derek Lau Thu, 29 Oct 2009 00:55:51 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-70268 Hi Michael, I just got a letter from Keybank asking me for a TIN number. I guess that is equivilant to a SIN number. Have you ever encountered this??? Hi Michael,

I just got a letter from Keybank asking me for a TIN number. I guess that is equivilant to a SIN number. Have you ever encountered this???

]]> By: emmanuel http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-69876 emmanuel Wed, 23 Sep 2009 19:00:18 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-69876 Hey this is a very interesting article! Hey this is a very interesting article!

]]> By: Sherry http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen/#comment-69544 Sherry Sat, 22 Aug 2009 23:14:56 +0000 http://btr.michaelkwan.com/2007/10/06/how-to-open-a-us-bank-account-as-a-canadian-citizen.aspx#comment-69544 Hi, if anyone has info about how to open the tdbanknorth account from canada, please let me know. I just got off the phone with TDCanadaTrust and the rep told me I cannot open a tdbanknorth account. Any help? Hi, if anyone has info about how to open the tdbanknorth account from canada, please let me know. I just got off the phone with TDCanadaTrust and the rep told me I cannot open a tdbanknorth account. Any help?

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