In this new guide, you will learn how to open a US virtual bank account (Checking VBA) for non-USA residents online without registering a business entity nor having to pay taxes in the USA or visit the United States of America!
If you run an online business, you should have a US bank account.
It doesn’t matter whether you run your own business, such as an eCom store, a blog, or an affiliate marketer who promotes products like Clickfunnels, run an online business venture like a solo ad selling business, or even a freelancer who is making money with micro-jobs using sites like Picoworkers.
If you want to receive payments from American companies or International companies which support direct deposit to US bank accounts, you should have at least one United States bank account.
The real issue happens when you’re not located in America. There’s the location barrier to open US bank accounts. However, today, I will show you how to open a US bank account even you’re not located in the USA. (Those accounts are known as Virtual Bank Accounts)
Why Open a Bank Account Online?
If you’re not sure why you should open bank accounts online (without visiting the bank) and/or you do not know the importance of US virtual bank accounts, I suggest reading the following reasons.
Ability of receiving your online earnings
You might be one of these persons: freelancer, Blogger, Online marketer, and an online merchant.
You might want to sell your product to US people or affiliate with US companies such as ClickBank, Amazon, ShareASale, Godaddy or receive your Adsense earnings quickly.
Suppose you’re a freelancer working on websites such as Freelancer.com. UpWork.com and Fiverr.com, you might want to receive your online earnings hassles.
If you are from India, Sri Lanka, Pakistan, and Nigeria, you might know that it takes weeks and months to receive checks from some USA and European companies. However, by creating a free US bank account, you can speed up this important process; receiving money fast. And also, many US companies prefer to send payments to their members who use a US bank account. It’s quick and easy!
Once you received the payment, you can easily withdraw your money from the local ATM, which supports MasterCard.
USA Virtual bank account as a supplement for PayPal withdraw
If you’re from Pakistan, Sri Lanka, and Nigeria and you are a freelancer, content marketer, service broker, or internet marketer, you may be suffering from the problem of “PayPal is not supported.“ As a Sri Lankan, I know the importance of having a full-verified and limitless PayPal account (sending and receiving money).
If you are from such a country where PayPal withdrawal is impossible and think you can use the virtual bank account for Paypal verification, then PayPal should notify you that you can’t use Payoneer or any other US virtual bank account for PayPal verification because it is just an online checking bank account, NOT a saving account which can be used to link the bank account to PayPal.
But, the US bank account from Payoneer, Inc is an excellent complement for PayPal to get money from American companies and other European companies. I use Payoneer to withdraw my earnings in ShareASale, Themeforest, etc.
Receive money from US banks
This is another advantage you receive when you get an American bank account. It doesn’t take weeks or months to receive your earnings to your hand. Payoneer automatically adds up your US bank money to your Payoneer account. So whenever you receive any payment to your virtual bank account, you can withdraw it from your local ATM.
Create your own store and sell products
2checkout is a supported US company for Payoneer US bank payment service. So you don’t have to worry about the money processing step in your marketing funnels. Just set up your 2checkout account and let it do other things.
To open a US bank account online, you don’t have to be a US resident. Everyone can create a United States virtual bank account. But there are some conditions. You should explain why you want to get a virtual bank account. In another way, you should prove that you are a real online marketer, and you will use the Payoneer US bank payment service to send and receive payments. (in simple words, for business affairs.)
To do that, you have to affiliate with a US company. I had not had any problem in this case. I have already affiliated with some companies that support Payoneer US bank payment services.
The bank name could be different from the US company, and your luck! It doesn’t matter what type of virtual US bank account you’d receive. It is more of a How you create a virtual US banking account with a debit card for free! 😉
Receive Payments from Networks like JvZoo
If you are from a country where PayPal or Stripe isn’t available yet and wants to make money from JvZoo by promoting JvZoo products, you can use your free USA bank account and Zift payment from now!
Also, if you’d like to become a JvZoo seller, yet neither PayPal nor Stripe is supported, you can sign up for Zift Payments as a Merchant and use your US Bank account details for receiving money.
So here is the step-by-step tutorial you should follow to open a USA virtual bank account for non-US residents.
The Step-by-Step Guide to Opening a Bank Account Online
We are going to create a virtual US bank account differently. To verify your application and earn some money, I have created a step-by-step guide.
Don’t worry. Everything is clear, and you will not be confused with any step. Just follow instructions correctly.
Don’t skim or ignore any step. Because if you get anything wrong, you have fewer chances to get the virtual US bank account again. Almost No possibilities. Are you ready to set up a bank account online today for free? So let’s move on…
Step 1. Prove you have an Internet-based business
Now you might be wondering who the heck is an Internet marketer and why you should become an Internet marketer. Basically, an Internet marketer is a person who runs a business on the Internet. Proving that you’re using the virtual bank account for business purposes, not personal goals, is very important.
Because I have got to know many people who don’t care about Payoneer’s terms and conditions and apply for Payoneer US banking service without acknowledging they will use US virtual bank account for business materials.
You can prove that you have an internet-based business in a few ways.
Note: You only need to follow one method to prove that you have got an online business to open your virtual US bank account.
- Become a blogger
- Become a vlogger (Video blogger)
- Become an eCom marketer
- Become a freelancer
- Become an email marketer
Do you already have an online business?
Please neglect this step (#1) and jump to Step 2.
Here, I will show you how to become the particular person you would like to be in short.
Become a Blogger
If you asked me How I got my application approved easily and quickly, it’s because of this blog.
Yes, having a website or blog is something like you’re a real online marketer. So, here I will show you how starting a blog will help you get a few virtual bank accounts and make money online.
- Payoneer welcomes web admins who run real businesses online. (ex: you promote affiliate products online)
- You can build a portfolio where you can promote your freelance job.
- You can share your knowledge with others and get more attention.
- You can build your personal brand online, so get more direct and indirect sales to your business.
- Run a custom online marketplace for services you promote on Freelance networks. (ex: freelance writing)
- You can sell your own products online. (ex: eBook, video course)
The benefits are enormous when you have a blog. In fact, having your own website is essential if you want to make money online, even through internet marketing, freelance working, and an eCommerce shop store.
So, how do you start a blog online?
You can quickly start a blog within the next 15 minutes. The necessary steps which are involved in making a blog are;
- Select a domain and choose a web hosting.
- Install WordPress and create your blog’s necessary elements.
- Add content.
In fact, I have already shared a whopping step-by-step guide on how to start a blog on WordPress. I strongly recommend you to check it out.
#1: Select a domain and Choose a web hosting service
There are hundreds of web hosting services. Many are come-today-and-disappear-tomorrow types. Anyway, I am going to reveal my most recommended web hosting for startups.
In fact, I first started my WordPress blogging career there. (If you don’t know, WordPress is the most popular self-hosted blogging platform.)
So, what is my recommended web hosting service? It is Bluehost.
Bluehost has an outstanding reputation in the web hosting industry. Already two million webmasters trust them.
When you purchase web hosting from Bluehost, you’ll get a free custom domain which usually is $15.00 or more worth.
They offer 45 days money-back guarantee, and you receive unlimited customer service support. I still run numerous websites of mine on BlueHost.
So, I recommend you to buy web hosting for 12 months ($3.45 per month with my exclusive BlueHost coupon) and start building your blog.
#2: Install WordPress and start your blog.
Installing WordPress on Bluehost only takes a few minutes (under 15 minutes). I have shown how to install WordPress and add necessary elements to your blog on a unique article. You can check it out from here.
#3: Add Content
The third step of creating a blog is adding content to your blog. If you make money through freelancing, such as writing articles or selling products/services online, then you can show your services on your blog.
Your ultimate goal should get virtual bank accounts. So, by showing us you’re a real online marketer, you can get a US virtual bank account very quickly.
Become a vlogger
YouTube is the world’s leading video social sharing and streaming network. In fact, millions of hours of worth videos are uploaded to YouTube EVERY day. Still, many YouTube stars are more popular than some celebrities and make six or even seven figures per year.
If you’re a videographer or like to do video marketing, then I recommend becoming a start a YouTube channel and be affiliated with some affiliate networks so that you can receive payments through a US virtual bank account.
Here’s how to become a vlogger in short…
- Note down what topics you are interested in. Ensure those topics have a specific audience, and you can find products or services to market to.
- Create your YouTube channel. Here’re the steps on how to create a YouTube channel.
- Upload your videos.
- Affiliate with one or more of these companies.
Use Rocketium to create Buzzfeed-style videos in seconds. (No need for video editing experience.) Once you’re eligible to display Google AdWords ads on your YouTube videos, you can make money through Adsense and receive payments to your virtual US bank account.
Become eCom Marketer
ECommerce has been becoming popular every day. In fact, make people have made their first dollar through E-commerce.
Dropshipping, Amazon FBA, brokering are other aspects of eCom industries.
However, not everyone is tech-savvy and doesn’t like to run eCommerce stores on self-hosted platforms. Shopify is an all-in-one platform for eCom marketing.
If you’re interested in making money by promoting physical products from Amazon, Alibaba and receiving payments to your virtual bank accounts, I recommend running an eCom store.
Become a freelancer
Freelancing is another field where you can make money and receive payments from US companies.
Many companies such as Freelancer, Fiverr, and Envato are parts of Mass Receiving companies of Payoneer. Therefore, you can receive earnings through a virtual US bank account to your local bank.
Read my complete guide to making money with micro jobs if you want to learn more about gigs and earning extra cash by doing small tasks.
Become an email marketer
Email marketing has the highest ROI among marketing channels. PPC ads, banner ads, and SEO are far behind Email marketing concerns to ROI. Here is how you can get started as an email marketer in short.
- Sign up for an email marketing service. I suggest GetResponse if you’re promoting affiliate products mostly and ConvertKit if you’re using it for advertising your own products and newsletters. (Gist is also an option. However, it’s a bit a marketing automation software than a just email marketing service provider)
- Become an affiliate of companies in step 2 below.
Step 2: Become an Affiliate of Payoneer Supported US and European Companies
As you have an online business, the second step you should follow is to become an affiliate of a few major US and EU companies. I have listed some irresistible US and European companies. Sign up for each website one by one and then follow the next step.
Clickfunnels is one of the popular funnel building and landing page building software online. Clickfunnels is also famous among affiliate marketers as one of the most profitable affiliate programs out there. In fact, Clickfunnel affiliates can promote a variety of products and make recurring income.
Here’s how to become an affiliate of Clickfunnels.
- Visit Clickfunnels’ “What’s Your Dream Car” page and click on the “Sign Up to Become an Affiliate” button at the top of the page.
- Fill the form and become a Clickfunnel affiliate.
- Promote Clickfunnels and Clickfunnel products and make money.
ShareASale – Affiliate Network
ShareASale is one of the most popular performance marketing networks with tons of affiliate products based on CPA, CPS, CPL, and CPC models. Read my review on the ShareASale affiliate network if you want to learn more about ShareASale.
More Affiliate programs for you!
ClickBank – World’s largest digital marketplace
ClickBank is many millionaire’s starting points. I guess that you already know what ClickBank is and how it works. ClickBank has the option to receive payments directly to US bank accounts. I use this option in general, and I receive my ClickBank earnings without any issue.
ThemeForest, CodeCanyon – The Envato, Inc.
The largest marketplace of WordPress themes, plugins, website tool developers. It only takes a few minutes to be a part of this largest professional freelancer’s marketplace.
Freelancer – One of biggest freelancing marketplace
Freelancer.com is another website that offers direct bank deposits to US banks as a payment option.
Fiverr – A micro-jobs marketplace that every service start from $5.00
From logo design, voice narration, photo editing to link building, virtual assistant services are starting at $5.00. Find how to make money on Fiverr in this tutorial.
Step 3: Apply for Payoneer Mastercard
The second step is to create a free Payoneer account. Go to Payoneer over here and create your account.
* If you signed up through my affiliate link, you’d receive $25.00 as a bonus once your Payoneer account has transactions worth over $1,000.
After you created your FREE Payoneer account, the Payoneer team will send you an email within a few days, informing you whether or not your application is approved. If your application is not accepted for the first time as some mistakes, just like I did, contact them and ask what’s wrong. In my case, I didn’t have sufficient age to apply.
I applied at age 17, and my application got rejected. I contacted Payoneer customer support when I reached 18 and got my application approved. So if you are under 18 and want to apply for a bank account online, then create a virtual bank account for your parents or other relatives. You cannot create a kids’ bank account with Payoneer. Please read Payoneer’s terms and conditions to make sure you have fulfilled the requirements.
Step 4: Wait for a post mail!
Yes, the third step is nothing on your part. Just wait and see a mail from Payoneer. The duration to receive your Payoneer MasterCard will depend on the location and the speed of the process. (e.g., holidays, delay of receiving post mail)
Step 5: Activate Your Card
Within a few days, you will receive the Payoneer MasterCard. Log in to your Payoneer account and activate it. To Activate the card, click on the “Activate” button in the middle of the screen.
Then enter the PIN code you received via postal mail. You can change the PIN of Payoneer MasterCard on this occasion.
Step 6: Check for an Email from Payoneer
Once your application is approved, you would receive a subsequent email from Payoneer. Now it’s the right time to apply for the Payoneer US bank payment service.
Step 7: Setting up your U.S Bank account – Apply for Payoneer US Bank Account Service.
To set up your US bank account, you have to explain to them who you are and what you do. Yes, now you know what to write. Explain that you are a freelancer (give profile links for each account) or a blogger (if you are a one) and share some screenshots of your ShareASale earnings and ThemeForest profile pages. And explain to them more about what are your plans for starting a membership site etc.
Here are the attachments that I sent to Payoneer U.S bank account service.
You could see that there is no reason Payoneer team to reject my application. I recommend you spend some time and jot down your current online businesses and your future ambitions. Give them an insight by sharing screenshots as I did.
Alternatively, you can also join SEOClerks, UpWork, Guru, or CJ (Commission Junction) to prove to Payoneer that you are a real freelancer. This will expedite the chances to get your application to Payoneer US Payment service approved. If you want to know how to make money by offering freelancing services, do consider checking out this freelance jobs catalog that will help you make money online from today.
After you have applied to Payoneer U.S bank account service, you will receive an email informing that whether your application is approved or disapproved. If you did everything right, you would receive an email similar to the below one in this guide.
That’s it! After some hard work, you got approved for your Payoneer US bank payment service application.
Mine was a checking bank account from the First-century bank. You may not have a First Century virtual checking bank. But, you would receive the best virtual bank account that you can use anywhere in the world. Now you can leverage your online marketing funnel and earn more money quickly.
Want to see the information on my virtual US bank account?
Here they are. Don’t send me a letter. Okay? 😀
Pricing and Fees
Payoneer, mass payout companies, and your checking bank account charge different fees. Here’s a table of pricing and fees of US Payment Service and mass payout companies.
Note 1: Most payment fees are based on per payment.
Note 2: Fees for payments from Mass
|US Payment Service||1.00% of the total amount||Per payment|
|Fiverr||$3||Immediate (Within 2 hours)|
|Envato USA Inc.||$5||Immediate (Within 2 hours)|
|Envato USA Inc.||$2||Standard (Within 0 days)|
|Avangate||$4||Immediate (Within 2 hours)|
|Peerfly||$5||Immediate (Within 2 hours)|
Interesting Facts about Payoneer Money Processing Service That You Should Know
If you read my reviews on Payoneer, you can find more details about Payoneer, such as fees. But, here I will explain a few of those important ones.
You can receive direct payments to your Payoneer
Once you’re eligible to use this service, you can request direct payment from most companies. Contact them to get more information.
You have a European Bank Account (EUR Receiving Account – SEPA)
This is a new service added to Payoneer recently. Now you have three international bank accounts on one account! This is the second virtual checking bank account introduced by Payoneer. I received SEPA automatically, as I already have a healthy Payoneer account and a US virtual bank account. If you still haven’t got this, consider contacting the Payoneer team.
You have a GBP receiving account (BACS)
Another virtual bank account you will receive from Payoneer. Very beneficial if you are working with a company which is located in the United Kingdom. Here are my GBP receiving account’s details.
You can find your bank account’s location (address, zip code, etc.)
When my ShareASale account reached the required payment threshold, I was asked to select the desired method to withdraw my earnings. I knew that mail checks are not too fast, and PayPal is not supported in receiving the money to Sri Lanka. But, to use direct deposit to a US bank, I have to enter the bank account details. (bank address of First Century Bank)
I didn’t know how to get that information. But, I found an effective way to do that.
First, go to the CheckComposer Bank Search website and enter the routing number (ABA) of your US virtual bank account. Then click on the “Search” button.
Within a few seconds, you will see your bank account’s essential details, such as postal/mailing address and phone number.
You should know these valuable details when someone is asked to direct deposit payments to your US virtual bank account.
Frequently Asked Questions
Why Should I sign up for affiliate accounts?
Payoneer team declares directly that;
‘The US Payment Service is not meant for personal use and should only be used as a solution to receive business-related payments.’ – Payoneer.com
Clickbank, ShareASale are US companies. They have enabled users to withdraw money through direct bank deposit (You can withdraw money to your virtual US bank account or any other checking bank, and they will transfer money to your Payoneer account within a few hours or days).
Can I withdraw my earnings in UpWork, Freelancer, stock photos, ShareaSale, and Fiverr to Payoneer account through Virtual US bank account service?
Yes, you can. You need to start adding relevant bank information such as checking bank account number and bank routing number to pay out your freelancer account section.
It may take a few days to get payments to your US bank account. Once your checking account receives payments, you will be able to withdraw them using your Payoneer prepaid master debit card. Click here to find the nearest place to withdraw your earnings!
Can I transfer my earnings to another Local Bank Account?
Yes, of course. You can transfer money from a US virtual bank account to your local bank account. First, you have to link the local bank account in Payoneer. Then you can move money from Payoneer to your local bank account smoothly.
Can I use the virtual bank account for online shopping?
No, Payoneer USA Virtual bank account service provides a checking account, not a saving account. But, you can use Payoneer MasterCard to shop online without any hassle.
Can I verify my Paypal account with virtual USA bank account?
No, you can’t.
Why can’t Indian users transfer funds from one account to another?
The fund transfer option is unavailable for the Indian region due to restrictions.
Final Words on Opening a US Virtual Bank Account
If your Payoneer application is rejected, you can contact them and get it approved. But I don’t think you can get accepted Payoneer Virtual US bank account service. So, follow the above instructions correctly to get a free virtual US bank account surely.
I know it takes some time. What to do? It’s the process. My advice is ‘be patient.’ Once you have your virtual prepaid MasterCard and the US virtual bank account, you’re ready to go.
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So how else can you get a free US virtual bank account online?