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Opening Account for Non-Resident Alien

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Question: 
Is a W-8Ben required when opening a non-interest bearing account for an Non-Resident Alien?
Answer: 

No - a W-8BEN is only required if the deposit account earns interest per IRS regulations. Your bank's CIP policies may say different however.

First published on BankersOnline.com 3/21/11

First published on 03/21/2011

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