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Not Neo, Open Traditional Bank Account in the USA for Both Individuals and Business

Not Neo,Traditional Banking Solutions in the Europe & UK for Both Individuals and Businesses

Mortgage Options for Foreign Nationals Investing in U.S. Real Estate

+91-9974253030
Human and Online Communication: Bridging the Gap

Accounts are opened through a combination of technology and human interaction.

Visa Status Not Required

Customers are not obligated to possess any specific visa or immigration status within the USA.

No In-Person Branch Visits Required

Customers are not required to visit a branch for verification purposes.

Need bases opening of account

Account openings are tailored to meet the specific needs and requirements of customers.

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A Few Words about Ajmera Capital Associate Bank in USA

The holding company of our associate bank has a history dating back to the 1850s, with notable presence in Midwestern states and California.This bank operates under the USA federal regulation of the Federal Deposit Insurance Corporation (FDIC) and has established a robust presence in the Northeast and Midwest regions. With over 425 branches, a network of 3000+ mortgage originators, and a private banking operation spanning 10 major cities, it's a formidable financial institution. As of the latest data available in 2023, the company reported impressive figures, including $118.8 billion in assets, $84.9 billion in loans, $88.5 billion in deposits, and a total stockholders' equity of $11.1 billion.

At Bank Progress, we are guided by a common purpose to help make financial lives better by connecting clients and communities to the resource they need to be successful. We are driving growth – helping to create jobs, develop communities, foster economic mobility and address society’s biggest challenges – while managing risk and providing a return to our clients and our shareholders.

Financial Consulting

75

Online Banking

25

Financial statistics of the bank

As of the latest data available in 2023, the company reported impressive figures, including $118.8 billion in assets, $84.9 billion in loans, $88.5 billion in deposits, and a total stockholders' equity of $11.1 billion.

While the development of online banking has led to a substantial increase in our customer base, we remain committed to maintaining essential human interaction with our clients.

$ 85B Loans

$ 88B Deposits

Choosing the Ideal Banking Account in the USA and Europe

Ajmera Capital stands out as one of the select entities collaborating with established banks in the USA and Europe, providing accounting services tailored to the unique needs of non-resident individuals and foreign-owned local businesses.

No minimum balance required

Opening a bank account in USA does not necessitate a minimum balance or initial deposit.

Minimal one-time account setup fees –

The one-time account fee for account setup, Know Your Customer (KYC) procedures, and compliance requirements. –

Online account setup using state of the art technology –

Account setup is efficiently conducted online through the use of cutting-edge technology for completion of forms and digital wet signatures.

Minimum Documents requirements

Open bank account in the USA from India within a few days with minimal documentation requirements.

Account Opening in Just a Few Working Days

Open USA bank account for non residents within a few working days upon the submission of all required documents and information.

Account Settings

Registered clients can edit the banking account settings in 2 clicks.

Three global products from Ajmera Capital

US Bank Account

Traditional Banking Solutions in the USA for Both Individuals and Businesses.

Open Bank Account
UK & Europe Bank Account

Traditional Banking Solutions in the Europe & UK for Both Individuals and Businesses

Open Bank Account
USA Mortgage

Mortgage Options for Foreign Nationals Investing in U.S. Real Estate

Apply for Mortgage

Ajmera Capital can assist you in opening an account in the USA and Europe by providing guidance, expertise, and support throughout the account opening process.

Sign of service agreement with Ajmera capital

Everything starts with free online registration. Only basic data is needed - name, surname, age etc.

Information and document collection from client by Ajmera capital

After the basic registration, you will need to fill out a form to help us determine your financial goals.

Introduction to the selected bank for opening an account by Ajmera Capital

This stage concludes the procedure of opening an account at Bank Progress to start using your card.

Completing bank forms, signing of forms and compliance verification and due diligence by bank

You can use your card to purchase the products you need or to open a secure deposit with lots of benefits.

Account opening and access to online account

You can use your card to purchase the products you need or to open a secure deposit with lots of benefits.

Remittance of payment in compliance with local law

You can use your card to purchase the products you need or to open a secure deposit with lots of benefits.

Open USA Bank Account Now!

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Testimonials

2 days ago
"Ajmera Capital can assist you to open bank account in USA and Europe from India by providing guidance, expertise, and support throughout the account opening process. "
J. P.
Doctor
2 days ago
"As an IT company based in India, our expansion plans into the USA were accompanied by the challenge of opening a traditional bank account without physically visiting the country. Ajmera Capital proved to be the solution we needed. They facilitated the account opening process in just 11 days, allowing us to quickly commence operations. The KYC and documentation requirements were straightforward, making the entire experience remarkably efficient. Thanks to Ajmera Capital, our international business aspirations became a reality."
A.K.
CEO - IT Company
2 days ago
"As a manufacturing company based in India, our funds were tied up in stocks and working capital, limiting our ability to invest in the USA. Ajmera Capital orchestrated a mortgage solution for us in the USA, allowing us to make our much-anticipated investment. What's truly astonishing is that, as a non-resident American with only a B1/B2 visa, I was pleasantly surprised to secure an American mortgage at a highly competitive rate. Ajmera Capital made the impossible possible, and we're incredibly grateful for their support."
D.P.
Director - Manufacturing

Frequently Asked Questions

1. Can an Indian citizen maintain a foreign currency account abroad?

- Yes.

2. Do I require RBI permission to open a foreign bank account?

- No.

3. How much money can I transfer to a foreign account?

- Under the LRS scheme, Indian citizen can transfer up to $250,000 per Indian financial year.

4. Is a PAN card / tax ID necessary?

- Yes.

5. Who can assist me in remitting payments from India?

- Any authorized bank, also known as an authorized dealer, can provide assistance.

6. What formalities do I need to complete with my Indian bank?

- You need to fill out form A2 as provided by the RBI and ensure the necessary funds are available in your bank account, along with the TCS payment and foreign bank account details for wire.

7. Will remittances to a foreign bank account be subject to Tax Collected at Source (TCS)?

For an individual account, you typically need to provide a copy of your passport, a utility bill, address proof, additional forms of personal identification, your email and mobile number, as well as documentation showing the source and purpose of the funds for the account. For a company account, the director of the company who will act as the authorized signatory usually needs to provide the documents mentioned above. Additionally, company-related documents such as the Articles of Association (AOA), Memorandum of Association (MOA), licenses and permits, the office address in the USA, details of the authorized agent in the USA, and U.S. tax identification numbers are typically required.

8. What are the documentation requirements for opening a foreign bank account?

The essential documentation required for personal accounts includes an email address, mobile number, passport, PAN card, Aadhar card, utility bill, and an explanation of the sources of funds and the intended use of funds. For company accounts, you'll need documents such as company registrations, government licenses, tax IDs, and the registered office address. Additionally, you should provide personal documents and explanations regarding the business activities, types of transactions, and transaction volumes for each shareholder and signatory mentioned above.

9. What is the timeframe for opening a bank account?

Typically, for an individual, the process of opening a bank account can be completed within 2 to 10 days, while for a company, it may take approximately 5 to 15 days.

10. Are there any fees for opening a bank account?

- Yes, charges are applicable, and they may vary based on the type of account you wish to open and any additional services you may require from Ajmera Capital. In some cases, these fees may be waived.

11. Is there a requirement for a minimum balance to open a bank account?

- While there is no specific requirement for a minimum balance to open an account, please note that if your account remains with a zero or low balance for an extended period, the bank may choose to close the account.

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