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    mm__5's Avatar
    mm__5 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 14, 2010, 01:07 PM
    Non-Resident Bank Account W9 Form.
    Greetings,

    I live in the UK but am spending my summer here in the US.
    So in order to avoid crazy conversion fees on my UK debit card (I had to pay £15 on top of a $150 bill) I decided to open a US bank account and transfer money from my UK bank.

    Today I received a letter from Bank of America stating that I must fill out the W-9 form or my account will be closed in 30 days. Since I'm staying for a little over 2 months I would like to keep this account open but there is no way that I can this form out.

    So I take it the IRS wants to tax my self-to-self transfer or something? What should I do now? I checked online and the only form that I can actually fill out (thought I don't think it fits my situation) would the W-8...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jun 15, 2010, 03:16 PM
    Submit Form W-8BEN instead of Form W-9.

    The IRS will not tax the transfer, but rather the interest earned, if you do not complete the Form W-8BEN.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Jun 15, 2010, 11:03 PM

    Yes you will submit W8-BEN.
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