HSBC US Account Bank For Withdraw Paypal
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This method only for a serious online entrepreneur that doing big online transaction using paypal everyday. Why? Because these method are the most expensive way for withdraw paypal.
I already write a ways how to withdraw paypal in moneyblogger. One of the ways is open a US bank account. The only two US bank account that non US resident can apply is e*trade brokerage account and HSBC US Bank account.
E*trade brokerage not to expensive. You just need a little money to start up. The cost is less than USD 10 for stamp and deposit.
But HSBC US account bank is damn expensive. According to kaystanford , you need around USD 2500 to apply the account. But it’s worth because the HSBC reputation. Also there a lot of HSBC branch in Malaysia.
Thanks a lot to kaystanfor for made it clear :).
p/s –> some has told me that e*trade has change new form. Please don’t use form that i provided in my paypal ebook. You can get e*trade form here. I will update my paypal ebook when i have extra time.
Post on :April 23rd, 2007 | Posted in Old Post
(4.75 out of 5)
April 23rd, 2007 at 1:42 PM
Hmmm, I have an account with HSBC Malaysia. The thing that i am frusturated is - when you apply for phone banking, they will charge you RM1 for single SMS!
April 23rd, 2007 at 3:41 PM
Thanks for the update, I contacted HSBC before and got the similar reply, I can confirm this information, I think you got to tell HSBC that you are going to open the account for business purpose, don’t say to withdraw PayPal
April 23rd, 2007 at 5:58 PM
KennyP, thanks for sharing. So when HSBC ask why we want US bank account, the answers is for business purpose right?
April 23rd, 2007 at 6:01 PM
MSO, now we knows how bank make money
April 24th, 2007 at 3:31 PM
Admin, when I open the account they asked me too. My answer is - I have a business in the internet. They asked me again - from which country your customer is coming? My answer is all parts! Then they give me the HSBC SWIFT code…
April 24th, 2007 at 3:32 PM
Admin, when I open the account they asked me too. My answer is - I have a business in the internet. They asked me again - from which country your customer is coming? My answer is all parts! Then they give me the HSBC SWIFT code…
Yess…that is how they make money…:)
January 8th, 2009 at 5:30 PM
Dear Syah,
I did write to HSBC to open the US account, but the steps was not as u said. They instantly sent me forms to be duly filled. Is it the new procedure or what?
February 15th, 2009 at 11:28 PM
Hi MoHD,
Did you manage to open the HSBC account ? What the minimun deposit needed, please kindly share with us.
Thanks,