The difference between opening an account in East-West Bank and opening an account in BOA.

Nowadays, more and more mainland enterprises, whether registered companies, studying abroad or immigrants, need to open American bank accounts in the United States in order to develop in the American market. However, opening an account in an American bank is completely different from opening an account in China. American banks are strict and varied, and many customers don't know how to choose.

In fact, there is a big difference between the two. The following is Xiao Yi's suggestion on the similarities and differences between the Bank of America and the East and West Shores.

Bank of America Bank of America

Bank of America is the bank that customers choose to open the most accounts. One of the biggest advantages of opening an account in BOA is that neither a company nor an individual has to go to the United States in person. Moreover, in China, you don't need videos or interviews, you just need to provide relevant information.

If you want to manage money in the United States, BOA has a very good reputation for investing in asset allocation in the United States. Bank of America's APP is also very easy to use and can support multilingual switching. It is the best APP used by overseas banks. Their ATMs have Chinese pages, which greatly facilitates China friends doing business in the United States.

Advantages: There are many ATMs in the sub-branches, with services in six languages, and they are open until 1 p.m. on Saturdays; There is no foreign exchange control.

Disadvantages: slow deposit entry, usually closing at 3 pm, with many fines, handling fees and hidden expenses.

East and West Shores of East Jordan River

East-West Bank, headquartered in California, mainly serves Chinese. His ATM machine is marked UnionPay, and you can withdraw cash with a bank debit card in China. The handling fee is about $3, and the daily cash withdrawal is $65,438+0,000.

No matter whether it is a company or an individual, you don't need to go to the United States to open an account in the East and West Bank. However, it needs to be signed by Chinese mainland Huamei Office or verified by WeChat video. (The recent policy can be applied at home without signing. ) It can be handled easily only by providing information, and it is also more convenient in general.

Advantages: You can apply at home without signing.

Disadvantages: there is no physical card (but you can entrust an agent to handle it).