How to Open USA Bank Account in Nigeria For Free (2024)

There are lots of benefits attached to having a bank account in the United States. Even if you’re going to relocate to America or perhaps need a bank account in US currency, you’ll likely find opening a US bank account online to be extremely beneficial. While the procedure can be difficult, it is far from unattainable. In this article, we’ll go over the key alternatives for opening a non-resident US bank account that you’ll most probably need. This account will assist you regardless of your specific demands and preferences!

us bank account in Nigeria


The following is a step-by-step instruction on how to open a bank account in the United States of America in Nigeria.


If you have a valid passport, you can also open a bank account in the United States. You can open a USA bank account using your passport contingent on the branch and state, however other offices may demand you to also have a USA address.

If you’re starting a corporate account, the process is significantly simpler. If you form a business in the United States, you can use your EIN to open a corporate bank account in the United States.

As a non-resident and non-citizen of the United States, you can apply for an ITIN and open your own bank account in the United States in no time. To finish this process, you do not need to travel to the United States.

You only have a limited amount of time.

Several non-residents and sometimes even foreigners outside the United States can open a normal bank account with reputable US institutions including Wells Fargo, Bank of America, JP Morgan Chase, Capital One, and Suntrust as long as they present all required documentation.

Other modern institutions, such as TD Bank, Citibank, HSBC, and Bank of America, require a copy of your international passport to open an account in the United States. Your passport will contain all of the information they require.

The requirements for opening a bank account in the United States vary by bank, state, and branch. So, if you’re going to the United States to create a bank account or fill out an application online, you should be aware of the bank’s prerequisites before you can go.


Payoneer is a free global payment service that lets you send and receive money from anywhere in the globe. With Payoneer, you can send money from Germany to China, the United States to Brazil, and the United Kingdom to Nigeria for as little as $3. Yes, for less than $5, you may send money to whomever you choose. Payoneer’s biggest feature is that the recipient will get your payment within two hours. Do not be concerned if the payment somehow doesn’t come within two hours; it will most likely arrive over the next 48 hours.

To demonstrate how good Payoneer is, they don’t demand many paperwork in order to provide you with a free US bank account.

Your Nigerian National ID Card, Voters Card, Drivers License, or International Passport is all they need.

You can open an American bank account without leaving your house if you have a national ID card, a driver’s license, or an international passport. The entire procedure is carried out online.

It will take roughly 3 working days to authenticate the provided documents and activate your Payoneer account after you’ve uploaded the relevant documentation. Once your account has been activated, you will receive an email. You can now send and receive money into your USA bank account for free if you got the email.


Another fast and economical way to send and receive money around the world is with TransferWise, renamed You can however open a free US bank account in Nigeria with this company.

You can transfer and receive more than 40 different currencies in any bank account you create with your TransferWise borderless account. You can send and receive money instantaneously with your borderless account. You can also transfer funds from your local bank accounts to your US bank account.

Transferwise USA bank account, unlike Payoneer, allows users to receive money from individual clients.

Yes, you can submit your USA bank account to your client for payment and collect your money the exact day with Transferwise.

The Financial Conduct Authority in the United Kingdom has approved and regulated TransferWise. So relax, because the organization secures your money with an extra layer of protection that surpasses that of most Nigerian banks.


To create and verify your free USA bank account with PayPal, everything you need is your email address. Absolutely, everything that you would want is an active email address to open a bank account in the United States and send and receive money.

Despite the fact that most people do not consider PayPal to be a bank, it is a very important Fintech company.

Money kept and then sent between PayPal accounts is placed into bank money market accounts, making it qualified for FDIC insurance pass-through. Your PayPal funds are even protected, just like traditional bank deposits.

Despite the fact that the Federal Deposit Insurance Corporation and state regulators do not consider PayPal to be a bank, the company continues to operate like one.

The best part is that PayPal is universally recognised everywhere around the world. Every month, the business completes transactions worth billions of dollars with over 18 million active merchant accounts.

You can’t send or receive actual money with PayPal bank accounts; you can only make and receive PayPal funds. PayPal funds are electronic currency that PayPal established to make online shopping more convenient.

One should not be dismayed; you can transfer your PayPal funds to your bank account as actual money. You may effortlessly send money from your PayPal account to your Nigerian bank account once you’ve linked your PayPal account to your bank account.

Paying online, withdrawing cash from any ATM on the world, paying bills, and transferring money between PayPal and bank accounts are all possible with your PayPal debit card.


Mercury is another fantastic service that allows you to open a bank account in the United States without having to fly to the country. You may effortlessly open a bank account in the United States with Mercury and avoid wasting all of your money.

Mercury first opened its doors in March of 2019, and it hasn’t stopped impressing its consumers with cutting-edge services and products since then. Unfortunately, because it’s a medium-sized fish competing against shark-sized opponents, this recognized company has garnered little attention.

As a non-resident, non-citizen, and digital nomad, Mercury is one of the finest ways to open a bank account in the United States. It may just take a couple of minutes for an American to open and activate a normal bank account, yet

Mercury is a good option if you require a typical US bank account for your business, even if it isn’t based in the US. Although the process may take longer for foreigners and those who do not live in the United States, it is definitely worth the wait.

Mercury also enables foreigners, such as Nigerians, to form a non-resident LLC in any US state for a very minimal fee and without incurring any tax penalties. The majority of Mercury’s services are free, while the purchased ones are inexpensive.

They may require you to make a deposit before your account is activated. Then everything is free, including cash transfers, ATM withdrawals, online payments, and international transactions.

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Oluchi Chukwu

Oluchi is a seasoned Information blogger, content developer and the editor of Nigerian Queries. She is a tech enthusiast who loves reading, writing and research

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