Opening bank account - IRS doesn't believe our reason for US address is sufficient!
May 24th 2013, 8:08 pm
#16
Lost in BE Cyberspace
Joined: Jun 2008
Location: San Francisco Bay Area
Posts: 10,678
Re: Opening bank account - IRS doesn't believe our reason for US address is sufficien
Aye, it's all very weird. Had a friend who got laid off, the company finance department had already done payroll so they got paid.
Couple of days later the company pulled the money back because the company then decided they didn't want to pay accrued holiday etc.
Some folks who found out that the money was getting pulled back closed their accounts to try and stop it. The banks still pulled the money and billed the folks later for running a over draft and those who didn't pay it back got debt collectors sent after them.
As for the OP, they just need to do a W9 and should be good to go. Person at the bank was probably trying to be helpful, hearing a johnny foreigner, without realising the OP was considered resident for tax purposes.
Couple of days later the company pulled the money back because the company then decided they didn't want to pay accrued holiday etc.
Some folks who found out that the money was getting pulled back closed their accounts to try and stop it. The banks still pulled the money and billed the folks later for running a over draft and those who didn't pay it back got debt collectors sent after them.
As for the OP, they just need to do a W9 and should be good to go. Person at the bank was probably trying to be helpful, hearing a johnny foreigner, without realising the OP was considered resident for tax purposes.
May 24th 2013, 8:20 pm
#17
BE Site Lead
Joined: Aug 2004
Location: MA, USA
Posts: 92,170
Re: Opening bank account - IRS doesn't believe our reason for US address is sufficien
Aye, a stop payment in error or what not. Bit naughty to do it once the money has cleared and then changing your mind about paying severance of accrued holiday allowance and pulling the whole sum of money back though.
May 24th 2013, 8:32 pm
#18
Lost in BE Cyberspace
Joined: Jun 2008
Location: San Francisco Bay Area
Posts: 10,678
Re: Opening bank account - IRS doesn't believe our reason for US address is sufficien
But people buy from retailers and then stop payment just to save money knowing that they retailer will not likely spend the effort to try to collect. Neither is very honorable.
May 25th 2013, 3:11 am
#19
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Joined: Nov 2002
Location: Where bad things rarely happen in movies
Posts: 8,933
Re: Opening bank account - IRS doesn't believe our reason for US address is sufficien
My wife is a contractor, and every single company she has contracted through has presented her with the same direct deposit form. It basically says that the contracting agency has the right to make deposits and unspecified withdrawals to and from our business account. It specifically states that the amounts withdrawn may exceed the amount deposited. I cannot imagine any circumstance where that would be acceptable, so we have always refused to sign it, meaning we have to receive payments by check, which is a PITA, but better than signing something which gives a 3rd party unlimited access to our account....
May 25th 2013, 3:53 am
#20
Lost in BE Cyberspace
Joined: Oct 2003
Location: My Old KY Home!
Posts: 6,498
Re: Opening bank account - IRS doesn't believe our reason for US address is sufficien
My wife is a contractor, and every single company she has contracted through has presented her with the same direct deposit form. It basically says that the contracting agency has the right to make deposits and unspecified withdrawals to and from our business account. It specifically states that the amounts withdrawn may exceed the amount deposited. I cannot imagine any circumstance where that would be acceptable, so we have always refused to sign it, meaning we have to receive payments by check, which is a PITA, but better than signing something which gives a 3rd party unlimited access to our account....
