How to Open US Virtual Bank Account Online for Free
If you run an online business, you should have a US bank account.
It doesn't matter whether you run own business such as an eCom store, a blog or you are an affiliate marketer who promotes products like Clickfunnels or even an freelancer who are engaging in micro jobs.
If you're wanting 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 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 importances of US virtual bank accounts, I suggest read following reasons.
Ability of receiving your online earnings
I know you must be one of these persons. Freelancer, Blogger, Online marketer and Online merchant.
You might want to sell your product to US people, or to affiliate with US companies such as ClickBank, Amazon, ShareASale, Godaddy or receive your Adsense earnings quickly.
If you're a freelancer working on websites such as Freelancer.com. UpWork.com and Fiverr.com, you might want to receive your online earning hasslessly.
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 received the payment, you can easily withdraw your money from the local ATM machine 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 an 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 (that can send and receive money).
If you are from such a country where PayPal withdraw is impossible and think you can use the virtual bank account for Paypal verification, then you should first be notified 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 complementary 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 machine.
Create your own website and sell your 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 virtual USbank 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 haven’t any problem in this case. I have already affiliated with some companies that support for Payoneer US bank payment service.
The bank name could be different from the US company and your luck! If you applied for US bank payment service through Infolinks, there are more chances to get a Bank of America account. Also, you would receive a First-century bank or CITI bank account. It doesn’t matter what type of virtual bank account you receive. It’s about How do you get a virtual US banking account with debit card free of cost.
So Here is the step by step tutorial you should follow in order to open an 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…
A Short Note from Chamal
This method takes some time. I recommend you to bookmark this page. So you can revisit this page whenever you want quickly. Press “CTRL + D” to bookmark this page. For more information about this method to get virtual bank accounts, please read frequently asked questions (FAQ) or post your questions in the discussion section.
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 run a business on 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 are going to use US virtual bank account for business materials.
Do You Know?
Payoneer is one of the top companies in the world that has direct payment integration with most Internet-based companies and networks.
You can prove that you have an internet-based business by a few ways.
Note: You only need to follow one method to prove that you've an online business to open your virtual US bank account.
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 in getting a few virtual bank accounts, plus making money online.
The benefits are enormous when you have a blog. In fact, having an own website is essential if you want to make money online even through internet marketing, freelance working, and eCommerce shop store.
So, how do you start a blog online?
You can quickly start a blog within next 15 minutes.
The necessary steps which are involved in making a blog are;
- 1Select a domain and Choose a web hosting.
- 2Install WordPress and create your blog necessary elements.
- 3Add 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 startup.
In fact, I first started my WordPress blogging career on 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 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 just only take 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.
Follow the steps accordingly and you will have a website within 15 minutes.
#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 as you’re a real online marketer, you can get a US virtual bank account very quickly.
Become a vlogger
YouTube is world's leading video social sharing and streaming network.
In fact, millions of hours of worth videos are uploaded to YouTube in 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 become a start a YouTube channel and be affiliated with some affiliate networks, so you can receive payments through US virtual bank account.
Here's how to become a vlogger in short...
- 1Note down what topics you are interested in. Make sure those topics have a specific audience, and you can find products or services to market to.
- 2Create your YouTube channel. Here're the steps on how to create a YouTube channel.
- 3Upload your videos.
- 4Affiliate with one or more of these companies.
Use Rocketium to create Buzzfeed style videos in seconds. (No need 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..
If you want to be an eCom marketer, then I recommend Shopify for you to create online shopping stores. Alternatively, you can choose WordPress + Woocommerce option.
However, not everyone is tech-savvy and don'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 with promoting physical products from Amazon, Alibaba and receive payments to your virtual bank accounts, then 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 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 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 concerned to ROI.
Here how you can get started as an email marketer in short.
- 1Sign up for an email marketing service. I suggest GetResponse if you're promoting affiliates products mostly and ConvertKit if you're using it for advertising own products and newsletters. (ConvertFox is also an option. However, it's a bit a marketing automation software than a just email marketing service provider)
- 2Copy my private Affiliate funnel for free. Sign up here to get started.
- 3Become an affiliate of companies in step 2 below.
Step 2: Become an Affiliate of Payoneer Supported US and European Companies
Now, as you have an online business, the second step you should follow is 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 popular funnel building and landing page building software online.
Clickfunnels is also famous among affiliate marketers as one of most profitable affiliate program out there. In fact, Clickfunnel affiliates can promote variety of products and make recurring income.
Here's how to become an affiliate of Clickfunnels.
- 1Visit Clickfunnels' "What's Your Dream Car" page and click on "Sign Up to Become an affiliate" button at the top of page.
- 2Fill the form and become a Clickfunnel affiliate.
- 3Promote Clickfunnels and Clickfunnel products and make money.
Do You want an affiliate funnel to promote Clickfunnels and make money on autopilot?
I have built up a custom affiliate funnel that includes 7-steps video training series which help you teach others to sign up Clickfunnels through your affiliate link and make money. (You get 5% commission everytime your affiliates make sales)
ShareASale is one of most popular performance marketing network that has tons of affiliate products based on CPA,CPS, CPL, and CPC models.
Read my review on ShareASale affiliate network, if you want to learn more about ShareASale.
WPEngine affiliate program is handled by ShareASale. Signing up to WPEngine only takes a matter of seconds.
StudioPress affiliate program is also handled by ShareASale, Inc. If you have a website, you can quickly get approved for this affiliate program. Well-known Genesis framework is developed by StudioPress.
ClickBank – World’s largest digital marketplace
ClickBank is many millionaire’s starting point. I guess that you already know what ClickBank 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 no any issue.
ThemeForest, CodeCanyon – The Envato, Inc.
The largest marketplace of WordPress theme, 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 deposit 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.
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 reached $100 threshold.
After you created your FREE Payoneer account, Payoneer team will send you an email within a few days, informing 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 the 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 the virtual bank account for your parents or other relatives. You cannot create kids bank account with Payoneer. Please read Payoneer’s terms and conditions 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. Login to your Payoneer account and activate it. To Activate the card, click on “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 approved, you would receive a subsequent email from Payoneer. Now it’s the right time to apply for 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 them more about what are your future 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 any reason Payoneer team to reject my application. I recommend you to spend some time and jotting 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 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 to check 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 as in this guide, you will receive an email similar to below one.
That’s it! After some hard work, you got approved 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 charges 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 total amount
Immediate (Within 2 hours)
Envato USA Inc.
Immediate (Within 2 hours)
Envato USA Inc.
Standard (Within 0 days)
Immediate (Within 2 hours)
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 for use this service, you can request a direct payment from most companies. Contact them for getting 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 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’s 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 to receive money to Sri Lanka. But, to use direct deposit to 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 CheckComposer Bank Search website and enter the routing number (ABA) of your US virtual bank account. Then click on “Search” button.
Within a few seconds, you will see your bank account’s essential details such as postal/mailing address and phone number.
These are valuable details you should know when someone 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’.
Clickbank, ShareASale are US companies, and 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 banks, and they will transfer money to your Payoneer account within a few hours or days).
Can I withdraw my earnings in Odesk, Freelancer, iStockphotos, ShareaSale and Fiverr to Payoneer account through Virtual US bank account service?
Yes, you can. What you just need to do is start adding relevant bank information such as checking bank account number and bank routing number to payouts the section of your freelancer account.
It may take a few days to get payments to your US bank account. Once your checking account received 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 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.
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 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?