Yes, it has been revealed, that you need a US Bank account to make and retain money online. No matter where you live, if you are going to make any amount of money online and be able to retain or save same, you need to have a US bank account.

We all have Bank accounts in our respective home countries or residences. No problem with that - it is easy to get. We need this to run our lives, do our day to day activities off-line and so on. It is no big deal or a problem. So it is until I got online to make money two years ago.

When you get online and try to make money, then you realize that the rule of the game will change for you. Suddenly you will realize that you need a US Bank account with a Bank over there in the US. Why? Because 80%-90% of the Internet businesses is controlled by people in US / Canada. That is the way it is for now and in the foreseeable future. And I doubt if the equation is ever going to change at all.

When you want to make money online, in most cases the buyer will be a US native who is either using PayPal or a card to pay for things online. You have got to hook up with PayPal by opening an account with them to receive your payments from other PayPal users. But PayPal only allows people from about 50 countries of the world to use her services. In other words, you can not open an account with them if you are not from these 48-50 countries. Then you realize you are stuck.

What is the alternative if this is your situation? Get a Merchant account or a third party payment processor to take and debit cards payments for you. From our earlier equation, 80%-90% of the time, the guys will be in the US. When it is time for the card company to transfer your money to you less their charges, you are going to receive a check which might take 2-4 weeks to get to you, depending on your location. You get the check, assuming you are lucky it did not get lost in transit, and deposit the same with your Bank in your home country. Your bank sends the check for collection in US - another 2-4 weeks. In US, your funds get cleared in 2-3 business days. Then you get your credit. Now your Bank will charge you about $25 - $45 for the check: remember they have to pay DHL / FedEx to transport your check along with other documents, plus they are in business. Get it?

Now for all they care, your check may be for an amount of between

$100 to $200, especially if you are just starting out. If you get 10 - 20 checks in a year (yes you can be getting many checks from various affiliate programs) you might find yourself paying $250 - $900 for the year.

Now compare yourself with someone with a US Bank account. He gets paid by what they call ACH (Automated Clearing House) system. This is just an electronic fund transfer system initiated by individual account owners in US to pay others within a network of some banks in US / Canada. This takes just 2-3 days and bang, your money is in your US bank account. It is mostly free to go. In some case you pay a token. I pay $3 to receive ACH into my US Bank account. I live in Africa and I have access to my funds by use of the Card issued to me by the US bank. I can withdraw money daily at the ATM in my country, no problem! My problem is to make the money go into my US bank account:-

Also I can use my Card to buy things online, a privilege not enjoyed by many especially in the developing and under-developed countries.

Now you can see that it is a must for you to have a US bank account if you want to make and retain money from the Internet. But getting one is one of your greatest nightmare as a non-resident.

A non-resident refers to the non-US citizens, having no residential base in the country. It is generally put in to the use by the country's banking sector.

The banking laws as it concerns a non-resident is very strict. It is almost impossible if you do not know how to go about it. The thing is complex and complicated and most Banks will just avoid doing this for non-residents. For them it is a mine field which only a few have mastered. I spent 4 years researching this after I found myself in the above situation earlier mentioned. In my case I even had money trapped with PayPal, after opening my account in PayPal with a US mailing address (perfectly legal).

Now let us look briefly at how you can set up a US Bank account as non-resident of US.

First option is that you set up a company, incorporate one and have an office presence in the United States. Very expensive option you know. How many of us can afford this?

Second option is have someone do it for you for a fee ranging from $400-$800. Expensive also.

Third option is buy the info. They are a few good Reports that will show you how to do this by yourself. The price for the Reports ranges from $20 - $97. This was the option that I used to get my own US bank account.

Whichever option that you decide to follow is entirely up to you.

You can do some searching at a place like Google.

You could pay for the information or get a company or someone to do it for you at a fee. It depends on you and your pocket.

You need not to incorporate a US Company before you can get a US Bank account. That is an expensive approach.

So go ahead and get your own US Bank account now. Do not wait until tomorrow as the laws are constantly changing. What is possible today may not be possible tomorrow. ACT fast. Good Luck.


Godspower Daniel is an Internet Wealth Consultant, Writer and CEO - Ewealthsuccess.com. He has a Report about getting a US Bank account easily at: http://www.ewealthsuccess.com/us-bank.html

Sub Prime Loan Bust Extends To Fair Isaac
Fair Isaac has taken a big hit as many people are pointing the blame for the sub prime loan bust on the FICO credit scoring model. Fair Isaac is also seeing a decline in business due to the current credit crisis that is making the demand for any type of loan product very low. The credit crisis has left many people weary or even unable to get approval for any type of loans which means that less people are having their FICO credit scores checked.
Is Home Loan Forgiveness Worth It?
Many lenders are offering their lendees financial assistance with their home loan by offering home loan forgiveness. For many people who are finding themselves in trouble with paying their bills this may seem like a great idea, but in truth it could be potentially harmful. With home loan forgiveness an amount will be forgiven off the loan itself therefore lowering the payments, but the lender will report the money that is forgiven to the IRS which in return the lendee will have to pay taxes on at the end of the year. A person that is considering home loan forgiveness should carefully determine whether this option is the best for their financial circumstances.
How To Get Out Of Credit Card Debt Faster
It is very easy to swipe a credit card and then find oneself later in a large amount of debt. Many people are unaware that the minimum payment that they are making each month on their credit card is simply not enough and that if they want to get their credit card debt down they need to make higher monthly payments. Another key in getting out of credit card debt is that once the money is paid down on the card it is imperative to not use the credit card and accrue any more debt. If there is a need for financial assistance, using an online payday advance can be more debt friendly than using a credit card.
How Your Credit Card Reflects On Your Credit Report
There are many determining factors that make up a persons credit score and one of the major factors considered is a persons credit card history. Having a credit card or even numerous credit cards is not necessarily a bad thing when it comes to how a persons credit score is scored. In fact, a person with credit cards that pays on their cards in a timely manner and keeps a balance of the card can actually gain a higher credit score than a person who completely pays off their credit card.
The Importance Behind Checking Your Credit Report
The accuracy of ones credit score is very important when it comes to the rates in which a person may receive a loan. Since it is very common for human error to occur when data is being entered on a persons credit report is imperative for people to check their credit report for inaccuracies.
Finally A Cut In Interest Rates
The economy has been hindered recently with high rise in home loan defaults and other economic crisis so when the U.S. Federal Reserve cut interest rates by half a percent, a sigh was heard across America. The recent cut of interest rates means that home loans and auto loans will be available with lower rates. The recent interest rate cut was one waited for four years and has caused economy to show more activity then it has in the past.
Cash Advance Loans Are Great For Vacations
When the situation arises to where you may be trying to go on vacation, but the only time that you can take off from work falls in between paychecks, online cash advance loans can get you the money you will be receiving with your upcoming payday. Online cash advance loans are loans in which can be applied for online and received via direct deposit. Cash advance loans can get you up to $600 from your upcoming payday and requires no credit checks.
Stay Up With Vegas With An Online Payday Advance
Going to Vegas is great, but what happens when you run out of money? With an online payday advance the money you need to continue your vacation in style is available up to $600. An online payday advance allows people to have direct access to their payday when they are on vacation and even when they are not on vacation.
Payday Loans Are Great Short Term Loans
When a need for immediate cash arises, payday loans are the quickest way in which one can acquire the money that they need. Payday loans are loans which can be applied for online and can be used for any financial situation one may have in their life. Payday loans are quick and easy to acquire and allow people to avoid the embarrassment of being turned down for a loan from a bank or family and friends.
Stay On Track With Payday Loans
Payday loans are the perfect answer for any person with any credit situation to get the money they need to handle their finances. When a person needs extra money, the money can easily be attained by simply going online and filling out a quick application for a payday loan. The funds from the approved payday loan are deposited directly into the applicants bank account and repaid in the same manner.