According to the IRS, I'm a non resident since I'm on an F1 Visa (currently working on OPT). All online account opening forms (such as Chase YouInvest or HSBC direct savings) ask me to declare that I am "either a US citizen or US resident/person" for tax purposes. If not, I cannot continue online. When I call their customer service, I either get - "all you need is a SSID and US address to be a resident" or "I'm not a Tax expert". Does anybody have any definitive advise - can I go ahead and just say yes in those forms or am I basically barred from opening online only brokerage/savings accounts?#stock #investment
In theory you can’t continue if they ask this question.
Try Robinhood.
You're an US person. I think. Also for tax purposes you become a resident way sooner than for visa purposes.
I file the 1040NR for my taxes though - which means I'm a non resident alien according to the IRS. And I file the 1040NR because of this: https://www.irs.gov/individuals/international-taxpayers/substantial-presence-test
Wealthfront savings account doesn't ask this question
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I said "yes" and was able to open accounts with HSBC and also with one more bank
You can say "Yes", but is that the right response? Also, did you get a W9 form or something similar at the end of your tax year?
I don't think it matters. "As long as you have a SSN and pay taxes in US using that SSN, you are fine" - This is what I was told by Wells Fargo banker when I opened a checking account last year. I did not get any W9 as of now. Opened account just 2 months ago.