US bank accounts - non resident alien

USA Discussion in 'Individuals' started by cvam, Dec 12, 2016.

  1. cvam

    cvam

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    Hi,

    I used to live, work and pay taxes in the United States as a valid Visa worker (I am not a US citizen or Green card holder) and still have multiple checking and stock trading accounts (no actual trading - just idle money) with various US banks etc. I have not visited the United States since 2012 in any capacity and 2012 was the last year I had to pay US taxes for. The interest in my account doesn't accrue to beyond $25 and since I haven't filed W-8BEN, tax is deducted. The accounts have my relative's address on them.

    The question I have though, is that for these mostly inactive accounts, is there anything I need to do in order to meet any US compliance or disclosure laws. For the most part, I just up and left the US and haven't done anything other than provide a US address for bank statements etc.

    Also, if I need to withdraw money from these accounts at some time in the future, what is the best option to do so? I still have check leaves etc.

    Thanks in advance
     
    cvam, Dec 12, 2016
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