Great eye-opener there Steve.
@steve, thanks for the tip man...
BTW, I used to hear that one can withdraw paypal loot into an Equity
bank local account? Is that still the case?
Timo.
_______________________________________________
On 2/3/11, Steve Obbayi <steve@sobbayi.com> wrote:
> Hey there, I have seen this issue with paypal payments over and over again
> so let me try and answer you. Now to open a US based bank account as a none
> US resident is still possible.
> The only catch is that you cannot open it online, you have to physically go
> into the bank with your passport and a second form of identification eg your
> DL (no need for social security number
> if you tell them you are not a reident).
>
> You then fill the forms AT THE BANK and you set up you internet banking
> details right there as thats where all your transaction Bank transfers etc
> will take place.
> Once you are done you must deposit some money into the account immediately
> and you walk out with
> you temporary ATM card. You then need a Kenyan address and a US address. The
> US address is where they will send the permanent ATM card within 10 days
> and other documentation whenever they need to as they wont send it out of
> the country. Once you have your ATM card
> and are going back to Kenya there is a number you will need to call to
> activate your card to work in Kenya. make sure you get that number before
> you leave the bank.
>
> If you need any more info let me know... this info is based on Bank of
> America. (Not all banks offer accounts to non residents living abroad).
>
> Their ATM cards work just fine in Kenya but it will cost you 5 bucks per use
> so be careful .
>
> -----------------------
> Steve Obbayi
> Software Developer
> http://sobbayi.com
> =======================
>
> ----- "Kiti Chigiri" <kiti.chigiri@gmail.com> wrote:
>> Hi skunks.
>
>>
> I have this nagging question that has just refused to go away. What options
> does one have for having money in their paypal account transferred to their
> local bank? A plus is that you tie your local credit/debit card to Paypal
> for verification.
>
>>
> I have considered opening a US based bank account such that paypal sends
> money to that account and do a wire transfer from that account to the local
> bank account.However, I am stumped as to how to go about this, since there
> is some post 9/11 laws & regulations that limit/restrict bank accounts for
> no residents.
>
>>
> If you have managed to do so, especially for a SME, please share your
> experience.
>
>>
> thanks
>
>>
> Kiti chigiri
>
>>
>
>>
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