The 7 best banks to invest in the US from Latin America
If you’re thinking about investing in the U.S., you’ll likely be interested in knowing which bank is best for making your investment, considering factors like accessibility, interest rates, and more. We’ll tell you which are the best banks for investing if your capital comes from Latin America.
The first thing to keep in mind when investing in the United States is that while it offers a wide range of options to choose from, not all of them will necessarily fit the needs and requirements of investors.
Therefore, it is recommended to seek quantitative information regarding the benefits offered by each banking institution, such as interest rates, fixed-term interest, commitment to meeting goals, among others.
In this context, in recent years important policies and measures have been implemented at the banking level in the country, especially in relation to investments from Latin America, since there are currently more than 40 million Latinos who live their lives in the United States.
But of them, according to a survey conducted by the Federal Deposit Insurance Corporation, about 12% do not enjoy banking services of any kind. Experts consider that lack of knowledge on the subject prevents them from taking advantage of all the facilities that banking offers them.
Therefore, many Latin Americans fear for the security of their funds, are not familiar with the issue of bank commissions, rates or interest, and do not feel comfortable managing their accounts virtually.
To help them resolve these concerns, we have compiled a list of banks that are allied with Latin Americans who have emigrated to the United States and want to improve their relationship with money and finances. Below is a list of the 7 best banks to invest in the U.S.
1. TD Bank
TD Bank is one of the best banks in the United States and also one of the most accommodating when it comes to opening bank accounts.
In recent years it has facilitated many banking processes to boost the financial activities of the Hispanic community living in the United States.
In fact, it is one of the most flexible banks in terms of documentation or requirements (something that is not common among North American banking entities. In addition, new customers receive a welcome bonus of $300, making it a more than attractive option.
2. Latino Community Credit Union
This bank is very useful for Latinos who must apply for loans in the United States under fairer and more favorable terms or conditions.
Its credit products designed especially for Latin American residents are very complete and the payment installments are not that high, which is why they compete strongly in the financial market.
In this bank, immigrants can apply for loans with confidence and security and open retirement accounts more easily.
3. Trust Bank
The Truist Financial Company is one of the best banks in the United States and also one of the ones that provides the most facilities when opening bank accounts.
It is the 14th largest bank in the country and one of its main audiences are people between the ages of 20 and 40.
In fact, the financial institution has a division of multicultural markets that is in charge of expanding that market segment firmly.
Even for greater comfort, all its services can be accessed in different languages from its website.
4. JPMorgan Chase
This company is a leader in investment banking, financial services, asset management and private investments.
In 2022, JPMorgan Chase launched the Advancing Hispanics & Latinos (AHL) office to support Hispanic and Latino communities worldwide.
5. Bank of America
Bank of America is one of the main financial institutions in the United States, with an extensive network of branches and ATMs throughout the country.
In addition, it offers banking and financial services for individual clients, small businesses and corporations, so it can be ideal for opening your first businesses.
One of the biggest attractions this financial institution offers its clients is high-quality market research and analysis, which can be crucial to making informed decisions about where and how to invest your money.
6. Wells Fargo
Wells Fargo is known for being one of the largest mortgage lenders in the United States, so it can be an excellent option when starting a business.
It also offers personalized advice and a wide variety of financial services, including retail banking, brokerage, asset management and lending services, plus a $300 bonus when you open a checking account.
7. Chase Bank
Chase is one of the largest banks with the largest number of offices in the United States, with more than 4,700 physical branches throughout the country. This bank offers several benefits for SMEs and emerging companies, but it also has high demands, which is why it is recommended for people who have been in the country for several years.
Among the requirements are having a valid passport, ITIN number and funds necessary to open the account. This could be a very good alternative if you have dual nationality and have a residence address in the country.
Investing in BAI Capital is investing in the United States
With a presence in the real estate sector in the states of Florida, Texas and New York, BAI Capital specializes in generating value from the acquisition of land to the development of mixed-use projects, such as residences for the elderly, student residences, multifamily buildings. for rentals and mixed use, including condos and retail.
Our mission is to safeguard the capital of the partners and the own capital under the minimum risk exposure. With a safe development and going through all the stages: Land purchase, adjustment of urban zoning, commercial vision in architectural development and management of building permits. Then, we take charge of the capitalization, construction and exit with return of the capital and profits to the partners.
In this way, we guarantee fixed and stable returns for your client portfolio. In addition to having a confidential work protocol with encrypted web forms. Use of protected personal data and private meetings with our agents throughout Latin America.
You already know which are the 7 best banks to invest in the US from LATAM. If you are looking to protect your capital from inflation through investments with returns in dollars, or invest in projects that qualify for the EB-5 investor visa to get a Green Card, complete our form and an agent will contact you.
