Virtual US Bank Account.
Many people around the globe have
been trying to apply for a US Bank Account but were denied by the
extremely restrictive conditions they have been required to fulfill
before they could get one.
After the September 11th 2001 attacks, the US government issued what
is known as the ďUSA Patriot actĒ that was meant to avoid any future
attacks of the same kind. One of the measures that are included in
that document is that non US residents cannot hold a US Bank Account
as they did before.
Today, getting a US Bank Account the regular way when you are not a
US citizen is still impossible or to be more accurate, difficult and
very costly. However, there are alternative solutions such as the
one offered by Payoneer.
Payoneer has introduced months ago a new and innovative service
called US Virtual Bank Account. As you can see, this is NOT a real
US Bank Account, it is just a virtual one! In practice, things work
this way: Payoneer gets a mega Bank Account with a partner US bank
under which sub accounts are created for each Payoneer customer in
order to provide them with unique account numbers they can use to
get payments. Payments can be sent to the sub account, using the
account number that was previously provided, then Payoneer transfers
the money they receive to the personal Payoneer Debit Card of the
customer that received the payment in order for him to be able to
In the end, you donít really get a US Bank Account, but you have all
the infos (numbers) that are needed to get paid by a customer or a
partner who cannot use Paypal or other payment systems.
As you can see, this new service offered by Payoneer is very useful
and quite smart! Anyone is now able to enjoy the benefits of a US
Bank Account without the hassle.
Payoneer Virtual US Bank Account.
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