![]() Non-residents would have to visit one of the bank’s numerous branches in person. However, those who reside within the US have the advantage of opening their accounts online, which is a great benefit while pandemic health concerns still occur. The accounts can usually be linked to a debit card or an ATM card – giving you quick access to cash – and can be managed online, as well as at ATMs. Wells Fargo offers to check and savings account options to both resident and non-resident foreigners. With exciting gamification elements, challenges, and goals, the app helps optimize savings strategies and make better financial decisions. Its main mobile app is complemented by a savings app Daily Change. Wells Fargo has a few mobile banking opportunities too. Lately, the bank has focused on consolidating and eliminating branches, however, it still has the most bricks-and-mortar branches among other banks in the country. As a community-based financial institution, it offers full-service banking, insurance, investments, mortgage, consumer, and commercial financial services. Wells Fargo’s total assets for the quarter ending December 31, 2020, were $1,955.163B. Wells Fargo is the third-largest bank in the US by total assets. It’s worth saying that larger banks are generally more open to non-residents than smaller banks. In fact, the “Big Four” banks offer plenty of banking opportunities for foreign citizens. Although the application process may not be too easy, foreigners, non-residents, expats, or travelers can open a bank account in the US. Especially, when we speak of the US, where foreigners have faced difficulties in opening bank accounts or engaging in monetary transactions since the USA Patriot Act of 2001. Opening a bank account in a foreign country may seem extra complicated. If the annuity becomes annuitized, or a periodic payment schedule has been established, the remaining balance will no longer be eligible for qualification.How to apply for a Wells Fargo bank account as a foreigner.Products are offered through non-bank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.Certain brokerage accounts are not eligible.Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Brokerage products and services are offered through Wells Fargo Advisors.Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested. ![]() Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate.Not Insured by the FDIC or Any Federal Government Agency.Deposit products offered by Wells Fargo Bank, N.A. Refer to the Wells Fargo Bank Consumer Account Fee and Information Schedule for further information about the Premier Checking account and applicable bank fees. The Wells Fargo Premier Checking account has a $35 monthly service fee which can be avoided each fee period with $250,000 or more in statement-ending qualifying linked (a) bank deposit account balances (checking, savings, time accounts (CDs), FDIC-insured IRAs) and (b) investment account balances (brokerage available through our brokerage affiliate Wells Fargo Advisors, applicable bank fiduciary and custody accounts, annuities, and eligible foreign exchange transactions). Wells Fargo Bank and Wells Fargo Advisors discounts and benefits are available to all customers who have a Wells Fargo Premier Checking account. Requires meeting all conditions of Wells Fargo Premier participation.
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