Wednesday, 14 December 2011

Why You Must Have a US Bank Account As Non Resident Working Online

Why You Must Have a US Bank Account As Non Resident Working Online

Gone are the good old days when we were all living in isolation of one another. Then it did not matter so much what goes on in other places. You were contented with the happenings in your locality. Thanks to the Internet, this is an old gone era. An era we the older generation can remember with nostalgia.

Now not anymore - you are not living in isolation. What goes on in other far lands affects you directly. We are now in a global village, thanks to the Internet and the information age.

In the past, having a bank account in your area of locality was enough. You did not even need a bank account in the next town. But now the reverse is the case.

If you are working online, you can be in one geographical location and be working for a company on the other end. This is all possible due to the internet. You can be living in Europe and be working fro a company in the US.

It now become imperative for you to have a US Bank account in order to get paid faster and cheaply. This is because almost all the Networks or companies you will be working for online are headquartered in the US. If they are going to pay you, it will be via the country's financial system.

So it is better for you to have your bank account there. If you don't, the only option to pay you in most cases will be to cut and mail you a check. This can take over 4 weeks to get to you in your country. Plus it has to go back to the US via your local bank for collection. This can take another 4 weeks. In the end you are looking at an interval of 10 weeks just to be able to access the money you have been paid. Plus there are extra financial costs associated with this. And this can easily run into the hundreds per annum. These are monies you could easily have invested in advertisement to even make more online.

If you have a US bank account even as a non resident, it is a breeze to get your payment. You will be paid via the automated clearing house system or direct deposit straight to your US bank account. This takes 2-3 working days to become money in your account, money that you can use for further online promotions to even make more money. Remember the saying that time is money? It is damn true, yes true. Also this form of payment is mostly free. Where you are charged a fee, it will be merely a token, something in the region of - only.

So in explaining the title of this article, you need a US bank account if you are going to be ultra successful online. Otherwise it may just end in frustration for you.

You need a US Bank account to verify your account on eBay, verify your PayPal account, get payment from such Networks as Commission Junction, ClickBank, 2checkout.com, Share-it.com and Plimus.com, etc.

So you can see that the importance of a US bank account to a foreigner or non resident can not be over emphasized.

So go for it wherever you can as a non resident

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