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I can confirm this. I devoted a section of my website (about immigration) to immigrant-friendly banks. Many banks have restrictions that make it hard for immig
by nicbou 4y ago
I can confirm this. I devoted a section of my website (about immigration) to immigrant-friendly banks.
Many banks have restrictions that make it hard for immigrants to open an account, even though they're entitled to one by law.
For example, many banks use the same ID verification services, and those don't recognise Indian passports. Others refuse Americans because they're a bureaucratic nightmare to deal with. Others require a registered address which is hard to get without a bank account. Others require a residence permit or even permanent residency. You usually need a bank account before you have either.
Bureaucracy gets messy at the edges.