Foreign Nationals - Who do you bank with?

Foreigners Buying in the USA
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Foreign Nationals - Who do you bank with?

Ian MacLean
Investor · Grand Cayman, Cayman Islands · Member since 2016 · 19 posts · 2 votes

Hi everyone,

I'm a foreign national (do not live in the US + not a US citizen)

I've recently received an email that my Bank is closing all accounts that are held by individuals that are not resident in the US.

Does anyone have any advice re:

- A bank that will work with foreign nationals?
- How you receive your rent if you don't have a bank account in the US?

Thanks!

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  • Michal Liviatan Carpenter
    Lender · Toronto, Canada · Member since 2021 · 67 posts · 37 votes
    4y

    Hi Ian,

    It is not you, it is the Cayman islands. Banks/lenders are staying away from few places around the world and unfortunately Cayman is one of them. 

    As a foreigner, it is recommended (for many reasons) to hold a US entity entity that will open these accounts. 


    Good luck! 

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