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Keeping an American Bank Account When You Move Overseas

Discussion in 'Business & Tax Advice' started by Cybrax, Nov 4, 2012.

  1. Cybrax

    Cybrax Newbie

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    I am moving out of the country in 1month and I have 2 bank accounts which is linked to my paypal account.

    Can I keep and manage my US Bank account (transfer nd receive payments) from a different country and not being shut down.

    Also will my paypal account linked to that bank account terminate if I keep and run it from a foreign country?

    Also can I keep receiving payments(Direct deposit etc) to my US Bank accounts from CPA Networks and keep and use it to transfer money to my bank account in the new country?

    Which are the options and safe ways to operate my US Bank account after I leave.
     
  2. Lucaspc

    Lucaspc Registered Member

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    If you are the owner of the bank, you do not need to worry about this, no one restrict you for traveling. Just remember your security question/answers, or prepare to send them your id scan for security check purpose.
     
  3. Cybrax

    Cybrax Newbie

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    I am the owner of the accounts and I am moving permanently to another country and receiving payments from CPA Networks to my US Bank accounts. So considering I am moving permanently, can I keep and manage my US Bank accounts from another country and is there a time period after which my US Bank accounts will be automatically closed?
    Can I keep my US Bank accounts for life even if I move out of the country?
     
  4. unclemike

    unclemike BANNED BANNED

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    This should not be a issue as long as you have any legal documents prepared.
    Also you could use a VPN so it appears your operating from your home country.
     
  5. Cybrax

    Cybrax Newbie

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    What legal documents did you mean?Do u mean starting an LLC?
    Also can I keep receiving money to my US bank account and run it from a different country forever?
     
  6. closedCaption

    closedCaption Regular Member

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    As long as you pay all your banking fees on time, you will have no problems operating your bank account from overseas. It is advisable that you buy VPN with US IP address and access your bank and PP account using it, however it is not mandatory. Some people also recommended calling PP and announcing that you will be accessing it from another country, as its automated fraud detection system can limit your account - this is random behaviour and depends from account to account.. In that case you will need to provide necessary papers to access it again.
     
  7. Junkfood00

    Junkfood00 Elite Member

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    Just notify all parties involved, so you don't get a headaches later from all verifications.
     
  8. FNG123

    FNG123 Newbie

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    What makes you think your bank will shut down your account if you move? Yes, you can keep your account. The bank doesn't care where you live. As stated inform them of your location so they don't constantly cut your cards off.

    I've been overseas for 95% of the past decade.