Are you a freelancer, digital nomad, or someone who needs to receive payments in USD but doesn’t have a U.S. Social Security Number (SSN)? Opening a US bank account without an SSN can seem impossible, but with platforms like AirTM, it’s now a straightforward process. This comprehensive guide will show you exactly how to open a US virtual bank account on AirTM, so you can easily collect payments from popular platforms like Upwork, Airbnb, YouTube, Amazon, and Fiverr.
Why a US Virtual Bank Account is Essential for Non-Residents
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In today’s global economy, many individuals and businesses outside the United States need a reliable way to receive USD payments. Traditional banks often demand an SSN or a U.S. address, making it difficult for non-residents to open accounts. A US virtual bank account, like the one offered by AirTM, solves this problem by providing you with a legitimate US bank account number and routing number. This allows you to:
- Receive payments from U.S.-based companies and clients.
- Access funds from freelance platforms such as Upwork, Fiverr, and Stripe.
- Collect earnings from content creation platforms like YouTube and Amazon.
- Manage international transactions with ease.
What is AirTM?
AirTM is a popular e-wallet platform that makes transactions between different payment processors, e-wallets, and banks worldwide fast, secure, and affordable. It acts as an intermediary, enabling you to convert your local currency to digital dollars (AirUSD) and vice versa. Now, it also allows you to generate a US virtual bank account.
Pro Tip: New to AirTM? Sign up using a referral link! AirTM often offers a $3 bonus when you meet their conditions, usually by actively using the app.
How to Get AirTM US Virtual Bank Account FAST
Step-by-Step Guide: Opening Your AirTM US Virtual Account
Opening your non-resident US bank account with AirTM is designed to be user-friendly. Here’s a detailed walkthrough:
1. Sign Up and Verify Your AirTM Account
If you don’t already have one, the first step is to create an AirTM account.
- Visit the AirTM website or download their app.
- Complete the registration process.
- Crucially, complete your identity verification. This is a mandatory step for activating your virtual account and ensuring the security of your funds.
2. Access the Virtual Account Section
Once your AirTM account is verified, navigate to the “Virtual Account” section within the AirTM app. You’ll typically find an option like “Virtual Accounts” or “Receive US bank, European bank or e-wallet transfer directly to your AirTM account.” Tap on this.
3. Understand Fees and Terms
Before proceeding, AirTM will present you with information regarding fees and terms of use for their virtual accounts.
- US Virtual Account Fees: AirTM clearly outlines the fees for deposits to your US virtual account. For example, a variable fee of 1.75% is charged for every deposit.
- Review and Accept: Read the terms and conditions carefully. You’ll need to check a box to indicate your acceptance before you can open your virtual bank account.
4. Complete Identity Verification for Your Virtual Account
AirTM prioritizes security and compliance. To open your US virtual account, you’ll undergo an additional identity verification process.
- Begin Verification: Click on “Begin Verifying.”
- Select Your Country: Choose your country of residence.
- Fill in Basic Information: Provide your full name, month of birth, and national ID number (e.g., NIN for Nigerians). Ensure this information matches your official documents.
- Provide Government ID: Select the type of government ID you’ll use for verification (Driver’s License, National ID, Passport, or Voter’s ID).
- Upload Your ID: Take a clear picture of your ID or upload an existing image. All details must be legible.
- Provide Full Location Address: Enter your complete address, ensuring it matches the address on your government ID.
- Source of Funds: Complete a brief section on your source of funds, most recent occupation, and employment status. This helps AirTM understand the nature of your transactions. You’ll also need to state if the account is for personal use or if you are acting as an intermediary.
- Submit: Once all information is accurately entered and documents uploaded, click “Submit.”
5. Account Activation and Accessing Your Details
Upon successful completion of the verification steps, you’ll receive a confirmation.
- Congratulations! AirTM will notify you that your US virtual account is now active.
- Access Account Details: Navigate back to the “Virtual Account” section in your AirTM app. Here, you’ll view all your essential US bank account details, including:
- Your Name and Address
- Name of the US Bank
- Your Bank Account Number
- Your Routing Number (ABA Routing Number)
- The Bank’s Address in the US
Important Note: The minimum amount you can transfer to this account is typically $5. You can accept payments from businesses, your own account, third-party individuals, and freelance/e-wallet platforms like Upwork, Stripe, and Wise.
Receiving Funds to Your AirTM US Virtual Account
Your AirTM US Virtual Account supports two primary types of transfers from within the United States: ACH and Wire transfers.
1. Receiving ACH Transfers
ACH (Automated Clearing House) transfers are common electronic transfers in the U.S., ideal for payroll, bills, and transfers between accounts. They are generally free or have very low fees.
- Provide Account Details: Share your AirTM USA Virtual Account’s routing number and account number with the sender.
- Sender Instructions: Instruct the sender to make an ACH transfer using these details.
- Monitor Transfer: Funds typically reflect in your AirTM balance within 1 to 3 business days.
2. Receiving Wire Transfers
Wire transfers are faster electronic transfers, usually credited the same day or the next business day, and are often used for larger sums of money.
- Verify Limits and Fees:
- Minimum Amount: $1,500.00 USD
- Maximum Amount: $100,000.00 USD
- Variable Fee: 1.75%
- Processing Time: 1 business day
- Important: Transfers below $1,500.00 USD may experience delays or be declined.
- Provide Complete Account Information: Share the following details with the sender:
- Account Holder’s Name (as it appears in your AirTM profile)
- Routing Number (ABA Routing Number provided by AirTM)
- Account Number (detailed in your AirTM virtual account)
- Recipient Bank Name and Address (available in your AirTM account)
- Instructions for Sender: Instruct the sender to make a national wire transfer using the provided details. They should also check with their bank for associated costs.
- Confirm Processing Time: Wire transfers are usually processed quickly, typically the same day or the next business day.
- Verify Receipt of Funds: Check your AirTM balance and notifications to confirm the arrival of funds.
Important Note: Transfers and deposits from other US and related accounts (ACH) take two to four days, while wire deposits are usually credited on the same business day.
Managing Your Funds and Withdrawing from AirTM
Once funds are in your AirTM account, you have several options:
- Convert to Local Currency: Use AirTM’s P2P (peer-to-peer) network to convert your USD to your local currency.
- Send Payments: Send funds to other AirTM users.
- Withdraw to Other Accounts: Withdraw funds to other bank accounts or payment methods available on the platform. This includes transferring funds from your USA Virtual Account to your bank account in your country via AirTM’s P2P network or other withdrawal methods.
AirTM US Virtual Account FAQs
Here are some common questions about the AirTM US Virtual Account:
1. What is the AirTM USA Virtual Account designed for?
This account is specifically for receiving funds. It allows you to accept ACH (Automated Clearing House) and Wire transfers from bank accounts located within the United States. It’s not for sending payments, receiving international SWIFT transfers, or cryptocurrency deposits.
2. Can I receive funds from international banks or crypto with this account?
No, this account is exclusively for traditional bank transfers (ACH and Wire) originating from within the United States. It does not support SWIFT payments from international bank accounts, nor can it receive cryptocurrency deposits. For crypto, please use the specific wallet addresses provided by AirTM.
3. What’s the difference between ACH and Wire transfers, and how do they impact my received funds?
ACH (Automated Clearing House): These are electronic transfers processed through a batch system. They are generally slower (2-5 business days) but come with lower fees, making them ideal for routine transactions like payroll.
Wire Transfer: These are faster electronic transfers (often same-day or next business day) typically used for larger sums. They are generally more expensive for the sender.
Regarding costs for receiving: ACH transfers are usually free or have very low fees from the sender’s side, while Wire Transfers can be more expensive. AirTM applies a variable fee of 1.75% for receiving both types of funds into your virtual account.
4. Are there any limits on how much money I can receive?
Yes, there are limits, and they can vary based on the type of transfer and your AirTM account profile. For specific details, check your account settings or contact support@airtm.com.
5. What types of transactions are permitted if I’m a resident outside the U.S. using this account?
For residents outside the U.S., the following types of transactions are generally permitted:
- First-party payments: You can send USD from your own bank account, fintech app, or brokerage account to your AirTM USA Virtual Account.
- Third-party payments from registered companies: Funds can be sent from a registered company’s bank account.
- Third-party payments from family members: Payments are allowed from a family member’s bank account, provided they share the same last name as you.
- Third-party person-to-person payments: These are permitted for amounts under $2,000.
6. I’m expecting a transfer but haven’t received it within the estimated time. What should I do?
First, always contact the sender to confirm all transfer details (account number, routing number, amount, date). If all information is correct and the transfer is still missing, reach out to AirTM support for assistance.
7. What happens if the sender makes a mistake with my bank details?
If incorrect details, such as an inaccurate account number or ABA routing number, are provided, the transfer may be rejected and returned to the sender. It’s crucial to always double-check the accuracy of your details before sharing them.
8. Can I set up recurring deposits, like payroll, into my USA Virtual Account?
Yes, absolutely! You can use your USA Virtual Account for recurring deposits, including payroll payments, as long as the sender is transferring funds from a U.S. bank account via ACH.
9. How does AirTM protect my bank details, and what can I do to keep my account secure?
AirTM employs advanced security measures to protect your information. To further enhance your security, always share your bank details only with trusted individuals. Additionally, secure your AirTM account with a strong, unique password and enable two-factor authentication (2FA).
How to Open a US Virtual Bank Account Without an SSN Using AirTM
Opening a US virtual bank account without an SSN is no longer an insurmountable hurdle, thanks to platforms like AirTM. By following these steps, you can secure a reliable way to receive USD payments from a variety of sources, empowering your remote work and international financial activities. Don’t forget to use a referral link when signing up for AirTM to get your free bonus!
Do you have any questions about opening your AirTM virtual account? Let us know in the comments below!