How to Open US Virtual Bank Account Online Free (Checking VBA + VCC)
In a previous article, I showed all steps to get a free prepaid debit MasterCard with $25 bonus. It’s with Payoneer. Payoneer is an online payment processing service which allows you to withdraw your earnings easily using its debit card.
Here we will use Payoneer to open a virtual US bank account online. Below are some advantages that you will receive after you have a virtual US bank account or a free online bank account which will be able to receive money from anywhere in any time.
Why Open a Bank Account Online? ~
The Importance of Virtual Bank Accounts
Ability of receiving your online earnings
I know many of you are freelancers, bloggers, online marketers and online merchants. You may want to sell your product to US people, affiliate with US companies such as ClickBank, Amazon, ShareASale, Godaddy and receive your Adsense earnings quickly. Not only you can withdraw your earnings directly from your local ATM machine where Mastercard is acceptable using Payoneer debit card, but also does within a short span of time.
If you are from India, Sri Lanka, Pakistan and Nigeria, you might know that to receive checks from some USA and European companies, it takes weeks and months. But 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!
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 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 bank account to PayPal.
But, the US bank account from Payoneer, Inc is a good 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 money making funnel. 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 other 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 as 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 an virtual US bank account in a different way. To verify your application and earn some money, I have created a step by step guide.
Don’t worry. Everything are clear and you will not be confused in any step. Just follow them step by step.
Don’t skim or ignore any step. Because, if you get anything wrong, you have less chances to get the virtual US bank account again. Almost No possibilities. Are you ready to set up bank account online today for free? So let’s move on…
Note From Chamal
This article will guide you every step for creating an US bank account for non-USA residents. In earlier days, I used my blog for getting approved my application. But, nowadays, Payoneer accepts every type of marketer. In fact, Payoneer has become an official payment system in many online services. So, you can skip “Step #1: Become a Blogger” and start following steps from Step #2.
Step #1: Become a Blogger
If you asked me How I got my application approved easily and quickly, it’s because 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.
- Payoneer welcome webmasters 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 a own website is essential if you want to make money online even through internet marketing, freelance working, eCommerce website.
So, how do you start a blog online?
You can easily start a blog within next 15 minuets.
The basic steps which are involved in making a blog are;
- Select a domain and Choose a web hosting.
- Install WordPress and create your blog 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 doamin 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 a very good reputation in web hosting industry. Already two million webmasters trust on them.
When you purchase web hosting from BlueHost, you’ll get a free custom domain which is normally $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.Click Here to Purchase BlueHost Hosting (Only $3.45/mo + Free Domain)
#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 special 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 freelance working such as writing articles or selling products/services online, then you can show your services on your blog.
Your ultimate goal should be get virtual bank accounts. So, by showing as you’re a real online marketer, you can get a US virtual bank account very easily.
Now after creating your blog, move to next step: becoming an affiliate for companies. You can skip this step if you’re already have a online business or an affiliate of any kind of US, UK or European company.
But, I recommend you to follow step two as well.
Step #2: Become an Affiliate on Payoneer Supported US and European Companies
The first step you need to follow is become an affiliate on a few major US and EU companies. I have listed some irrestible US and European companies. Sign up to each websites one by one and then follow the next step.
ShareASale – Affiliate Network
You should first sign up to this website before signing up to other affiliate programs.
WPEngine – A Dedicated WordPress Hosting company
WPEngine affiliate program is handled by ShareASale. Signing up to WPEngine only takes an matter of seconds.
StudioPress – Premium WordPress Themes Directory
StudioPress affiliate program is also handled by ShareASale, Inc. If you have a website, you can easily get approved to this affiliate program. Well-known Genesis framework is developed by StudioPress.
More Affiliate programs for you!
ClickBank – World’s largest digital marketplace
ClickBank is many millionaire’s starting point. I guess that you already know what is ClickBank and how it works.
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 create a free Payonner 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 approved in the first time as some mistakes just like I did, contact them and ask what’s the 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 them 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 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 and see for a post mail!
Yes, third step is nothing on your part. Just wait and see for a mail from Payoneer. The duration to receive your Payoneer MasterCard will depend on the location and the speed of 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 at the middle of screen.
Then enter the PIN code you received with the post mail. You can change the PIN of Payoneer MasterCard at 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 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 accounts) 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 like 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 like i did.
Alternatively, you can also join to SEOClerks, Odesk, Elance, Guru or CJ (Commission Junction) to prove Payoneer that you are a true freelancer. This will expedite the chances to get your application to Payoneer US Payment service approved quickly. 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 payement 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 of my virtual US bank account? Here they are,
Don’t send me a letter. Okay? 😀
Interesting Facts about Payoneer Money Processing Service That You Should Know
If you read my Payoneer review, you can learn more 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 in a 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 to contact 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 at 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 a 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 those 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 important 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.
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. You just need to do is start adding relevant bank information such as checking bank account number and bank routing number to withdraw section of your freelancer account.
It may take a few days to get payments to your US bank account 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 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 transfer money from Payoneer to your local bank account very easily.
Can I use 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 approved Payoneer Virtual US bank account service. So, follow above instructions properly to get a free virtual US bank account easily.
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?