5 Reasons to Open a Dollar Account in the U.S.

Over the past five years, the number of people working for foreign companies has grown significantly. According to the latest report by Deel, cross-border hiring increased by 42% in Latin America during 2024.

Depending on the country of residence, remote workers live within two economies: their local one and the international one. As if that weren’t enough, in many cases they must also deal with currency restrictions and inefficient tax systems.

This situation shapes their finances in a way that has become all too familiar. But if you’re a remote worker and you haven’t heard yet, there’s a solution that’s becoming one of the most effective so far: opening a U.S. account to receive your salary in dollars.

But how can you open an account without being a resident?

By using a financial App. Anyone who’s tried one knows what we’re talking about: an App that lets you open a U.S. bank account in your name, in dollars, with full transparency and the trust that comes from American banking security.

The main advantage of this kind of App is that it keeps everything organized. A U.S. account lets you receive payments, make purchases, save, and invest in dollars anywhere in the world—but it also allows you (if you have the right App) to make payments in your country or withdraw funds in local currency to pay rent, utilities, daily expenses, or taxes.

We know this because our App offers all these features—and many others that other Apps on the market simply don’t have—helping you make the most of your income. For example, with an international Visa Platinum card, you can shop online or pay with Google and Apple Pay anywhere in the world.

Your U.S. account is what connects your international economy with your local one—without leaving the App, paying high fees, or waiting forever for transactions. That’s why, with Wallbit, your finances go global.

If you’re starting to export services or looking for a more efficient way to manage your finances, today we’ll share the 5 main reasons why you should open a U.S. account (and, of course, why Wallbit’s App is the best way to do it).

1. Get Paid in Foreign Currency

The main reason to open a U.S. account—and probably the one that brought you to this article—is to receive your income in foreign currency. Platforms like Deel and many overseas employers explicitly require you to have a bank account in an eligible country with an IBAN number, SWIFT/BIC code, among other details.

You might also have the option to get paid through Payoneer, PayPal, or Wise, but these platforms often have limited operations or fees that are too high to access your money locally. The security of your account, moreover, is an essential factor in the international context.

With a U.S. account, you can receive payments directly into a bank account in your name—and in Wallbit’s case, you’ll get the lowest fees in the market and the ability to withdraw in local currency.

2. Save and Invest in the U.S.

While there are many investment opportunities and markets in Latin America that can offer good returns, it’s also true that some countries in the region are experiencing a period of financial uncertainty that increases volatility and risk.

Meanwhile, in the United States you’ll find greater stability when it comes to investment instruments. Treasury bonds, for instance, guarantee long-term stability and lower risk. In addition, the wide variety of assets available in the U.S. gives you the chance to diversify your portfolio—with your Wallbit account, you can access more than 10,000 assets directly.

3. Gain Security and Transparency

These are two of the most critical aspects of global finance. This is something well known to workers who choose to get paid in crypto—or those who have no other choice—especially after the numerous cases of crypto exchanges and wallets that have collapsed in recent years.

Virtual accounts in the U.S. are among the most secure, since they are regulated by U.S. financial authorities and held in your name. At Wallbit, for example, we comply with regulations from the Financial Industry Regulatory Authority (FINRA), and our users enjoy coverage of up to $500,000 per account from the Securities Investor Protection Corporation (SIPC).

4. Travel the World

Having a dollar account opens the door to many countries, but an international Visa Platinum card gives you the peace of mind to use your funds abroad easily and securely—without the need to constantly exchange currencies from one country to another—to pay for all your expenses, from your flight ticket to your Uber ride.

You can make in-person payments in over 180 countries by linking your card with Google or Apple Pay in a single App. That means there are no borders for your money—a globalized economy for those who get paid in foreign currency.

5. Manage Your Local Economy

This benefit doesn’t necessarily come from just opening a U.S. account, but some Apps let you withdraw dollars to your local bank in your national currency. Of course, Wallbit is one of the few that also lets you pay bills directly from the App or pay using QR codes—making your operations even smoother.

In this sense, having a dollar account in the U.S. through an App that offers these features solves the long-standing dilemma of getting paid abroad while still needing to manage a local economy.

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Now you know why virtual U.S. accounts have become the go-to solution for remote workers and freelancers who need to receive international payments.

All that’s left is to decide which App gives you the best experience and the most useful features for your finances.

Spoiler alert: it’s Wallbit.