If you decided to go with your own self managed fund, then you probably know that investing your money in property is the best way to double your money reserved for retirement days. Due to low market prices, more and more Australians invest their money in US properties. However, transferring a large sum of money there, can cost a lot of money. Some banks even offer to set up US bank account, but you will overpay these services. It won’t pay you off to splurge money on these kind of services, as you can find Australian experts that deal with this kind of situations, and will be able to open US bank account from overseas without being present in person. Thus you will save money on expensive plain tickets and will get the job done for lot less. Setting up Us bank account on your own from Australia might not even be possible, so if you want to be hassle free you better rely on a good Australian company that will get the job done, without having to pay expensive rates when transferring a large sum of money. If you set up Us bank account through an Australian company, you will be bale to enjoy some of the benefits American banks offer.
- A good Australia company that deals with stuff like these, will be able to open Us bank account from overseas, thanks to the strong relationship they have with the Us banks. Their offices are set in America, so they can function effectively and faster than doing that from overseas.
- Once you found a reputable Australian company you would be able to deposit money from Australia, and thus receive money from rent, without paying extra charges for owning a non resident bank account.
- Once you have set up Us bank account, you will be able to check your account online, since most Us bank provide internet banking services. Thus you will be able to check your account any time you want.
- If you open Us bank account from overseas, that does not mean that you won’t be able to write checks as well. If you rely on a good Australian company, then be sure they will finish the job personally and provide this benefit of writing checks on money that lay on an US account.
- When you open Us bank account from overseas, you are afraid if you won’t be able to save the money in case if that bank bankrupts. Now you can be worries free, because if in case that happens, the federal government will reimburse up to $ 250.000.