Common banks and their characteristics in the United States

Common large banks in the United States include JP Morgan Chase Bank (Bank of JPMorgan Chase), Bank of America (Bank of America), Cathay Bank (Cathay Bank) and East West Bank (east west bank).

1. Bank of JPMorgan Chase, which has branches all over the United States, will be very convenient to use. Chase has its own mobile app, which is used for auditing accounts, depositing and withdrawing checks and transferring money online.

2. Bank of America has branches all over the United States and covers a wide range. In cities where Chinese in the United States are concentrated, BOA provides Chinese counter services. BOA also has its own app, which is convenient for auditing accounts, withdrawing cheques and transferring money online.

3. Cathay Pacific Bank, which is specially set up for Chinese people, is the first commercial bank invested and operated by Chinese people in Southern California, targeting Chinese people and conducting business according to their characteristics.

4. east west bank and east west bank are now the largest commercial banks in the United States with Chinese as the main market, with total assets of US$ 23.1 billion, mainly distributed in California, New York, Texas and Washington State. ?

introduction of types of bank accounts in the United States

Bank accounts in the United States can be mainly divided into three types: Saving Account, Checking Account and Certificate of Deposit account.

note: some banks will link the Certificate of Deposit with the Saving Account, while others will be independent.

1. Saving Account savings account

American savings account is a special account for saving money, which can be withdrawn with interest, but the withdrawal is limited several times a month.

management fee: yes, if the deposit in the account is not up to standard, you have to pay a management fee ranging from $5 to $1, depending on the regulations of each bank.

2. Checking Account checking account

American checking account is a special account for expenses and consumption, with no interest (some banks also offer checking account with interest), which can be withdrawn for unlimited times every month.

management fee: yes, if the deposit in the account is not up to standard, you have to pay a management fee ranging from $1 to $15, depending on the regulations of each bank.

3. Certificate of Deposit time deposit account

A time deposit account is a fixed deposit. After money is put into the account, it cannot be used within a specified time, and the bank will provide higher interest as a reward. If you need to use the money during the period, you have to cancel the contract before you can use the money.

Information required for opening an account in a domestic bank in the United States

Personal: passport and ID card;

enterprises: 1. American companies are required; 2. American EIN tax number; 3. Scanned ID cards and passports of directors; 4. Director information.