Do I need to set up a US bank account to invest?

For trading US securities, you do not need a US bank account. Winvesta will facilitate the creation of a US brokerage account with our SEC-registered broker partner. You will be provided a two-in-one brokerage account, which will have a trading account and a Demat (custodian) account. You can transfer money from India straight to your US-based brokerage account and trade securities using those funds.

Alternatively, Winvesta offers an integrated international multi-currency account (coming soon) that has an International Bank Account Number (IBAN) assigned to it. You may withdraw the money from your brokerage account and transfer it to this account when you want to liquidate your stock investments. The multi-currency account allows you to invest in other international assets, without transferring the money back to country of origin.
Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us