SERVICES • BANKING AND FINANCING
Knowing which processor to pick for your international transactions is of the utmost importance. The NRI team will help you stop bleeding money on fees!
International Transactions for Nonresidents
Save significant amounts on fees with the assistance of the knowledgeable NRI team.
Optimize International Transactions with NRI
Finding a property you like on the US real estate market isn’t hard, given how vast and giving the market actually is.
However, finding a deal won’t do you much good unless you can secure funding to actually purchase it. This is one of the obstacles that stop many foreign investors from even considering the US real estate market as an option.
Receive rent payments,
Pay property management companies, and
Execute various other payments.
So, picking the right bank or payment processor is important, because each transaction comes with a transaction fee.
Why Traditional Banks Are a No-Go
As a foreigner, you can open an account in a traditional American bank in the States, that comes with a US credit card. Most large banks have specialized LLC bank account for foreigners that allow people without a social security number to have accounts in the US.
However, in most cases, traditional banks will only lead to you bleeding your money on:
High transaction fees,
Bad currency exchange rates, and
Undisclosed commission charges.
That’s why it’s much better to opt for something less traditional but more efficient.
Online Payment Processors
Opting for an online payment processor is an excellent choice for a nonresident investor. As a foreign investor, you’re making transactions (and investing money) in a variety of different currencies. Therefore, having access to the best currency exchange rate and as few transaction fees as possible is a huge plus. Otherwise, you’ll be losing quite a bit of money every time you make a transaction.
Payment processors such as Wise and Revolut are good options because they have no hidden fees and they offer affordable exchange rates.
How the NRI Team Can Help
Here at the Nonresident Investor, we understand that executing international transactions on a weekly or monthly basis can cost a lot of money. We know firsthand just how much money can go to waste when one opts for the wrong bank or payment processor.
The amounts an average nonresident investor is working with are high (especially when they are making a downpayment on a house). Therefore, saving a couple of percentage points on transaction fees isn’t a small thing and can actually save you thousands of dollars.
The Nonresident Investor team will help you find the best banking option for you. With a vast network of connections, we can offer you a selection of options to choose from. We’re invested in making things work for you and securing the best possible conditions for each and every one of our clients.
Turn your profits into assets that will create a passive income and a positive cash flow.
Our services were created to assist investors in navigating the complex real estate market, covering everything from LLC formation to property management based on years of experience in the industry.