Chase WIN - opened a personal bank account with promo 400 USD · Cloud Residents

Chase WIN - opened a personal bank account with promo 400 USD

Made an appointment with Chase in Texas and went there for account opening. Took almost an hour.

My aim was a personal account and a business account for my newly founded LLC. Aim is the CSP after establishing some relation with Chase.

There is an offer currently ongoing with 400 USD when having a 1.000 USD direct deposit. And according to reports an ACH from Chase Biz to Chase Private counts eligible. https://account.chase.com/consumer/banking/seo

So first was a check of the documents I had with me, before creating my file. The superior had to give its approval since I applied as a Non-Resident. Afterwards we were going through the possible accounts offered. There I mentioned the code I have, so it has to be the Total Checking account. The banker tried twice to sell me a savings account, but when I mentioned I don’t want to struggle with IRS he accepted my decision. You can then choose the design of your Debit Card and choose a PIN. There is then a mandatory clip to watch about overdraft fees.

When it came to the NRA-part, I had to provide my foreign tax residency address and also providing how many days I was in the US from 2024 to 2026. It was for the substantial presence test.

„A person satisfies the "substantial presence test" to be considered a U.S. person for tax purposes (and fill out a W-9) if they are in the U.S. for at least 31 days in the current year and 183 days over a 3-year period. This period includes all days present in the current year, 1/3 of days in the first preceding year, and 1/6 of days in the second preceding year.“

You can get your travel history here: https://i94.cbp.dhs.gov/search/history-search/results

In the end the system wanted the W8-BEN.

Last step was setting up the app and adding the Debit Card to Apple Pay. Afterwards he was explaining adding other bank accounts to have an overview, my savings journey, also home loan. Score is not available - an SSN is needed.

Afterwards we started with the business bank accountant. There is also a promo ongoing with 500 USD when depositing 2.000 USD plus five transactions: https://account.chase.com/business/ads?jp_cmp=bb/sbmhp/ext/unt/hero

Unfortunately I founded a Florida LLC and wasn‘t in Florida for the account opening. So the application was refused from the system. The system’s denial came with the question if the LLC is registered in the State of Texas. But I should wait for a week and it could be possible to open a Business account within the app. I will share if I will be able to.

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