Does a Non Resident Need a US Bank Account to Make Money Online?

The internet ha changed our world. Everything about us and how we live has changed. Now we are living in one large global village – that is what our world has become in this communication age.

In this article, I want to answer the question whether as a non resident; you need a US Bank account to make money online. Yes as non resident who is online and doing business, you need a US bank account to help you receive payments from your online endeavors faster and cheaper.

Let us look at what happens if you have a US bank account even as a non resident. First you get paid by what they call the Automated Clearing System (ACH) or Direct deposits. This is available only via a US bank account. It enables you to get paid within 2-3 days and mostly this is free.

Why is this so? The reason is that nearly all the major players and Networks online (over 97%) who will be paying you are based in or have their link in the United States of America. Talk about ClickBank, 2Checkout, PayPal, Google, Commission Junction and the so on, all their major operations are all based in the US.

So if they are going to be paying you, you better make it easy for them by opening and maintaining a US Bank account even if you are a non resident. Let us look at what happens to you as a non resident who does not have a US bank account.

First you will be paid by a check. The company will have to cut and mail out a check to you in your home country. This can take up to 4 weeks to get to you, depending on your geographical location. This is even with the associated risk like loss in transit, delays, theft, etc. the check can even spend 2 months on the way.

When you get the check, you will take it to your local bank in your country to help you clear and get the money. Remember that this will be a foreign check drawn and payable in the US. So your local bank will have to send it back to the US to be collected on their behalf by either their branch (if they have) or an Agent or correspondent in the United States. This might take a week to get to the US as the bank in most case will batch and send the check along with other items by courier. But make no mistake about this; you are bearing the cost as the bank will simply pass a part of the courier charges to you. Remember they are a profit organization and not charity body. You could be looking at any where between $30-$100 depending on the bank.

I forgot to mention that there is a charge to cut and mail you the check in the first instance. The company in the US paying you by check will charge you an amount ranging from $30 – $45. This is to cover the cost of the paper and postage to you in your home country. Add this to the charge by your local bank and you may be looking at a charge of over $100 already. And for all you know, this may be for a check of $200-$250. Are you making or losing money? Receive up to 20-30 checks (yes if you are with many Networks) and the figure adds up. It is not only the monetary costs involved. What of the time it takes you to get the value of the check in your account? You could be looking at 8-10 weeks before you can access the funds. Your counterpart with a US Bank account need to wait only for 2-3 working days only! You see the need now?

So in conclusion, I will say you need a US Bank account as a non resident, to make and save money online. Go for it now!

Prince Charles’s Eco Village in Newquay

Prince Charles first dabbled in property developing back in 1994 when he built Poundbury, his model town in Dorset. Soon Tregunnel Hill on the outskirts of Newquay in Cornwall will become another Duchy of Cornwall development. It looks as though the planners there will give the go ahead this month for 170 homes to be built on a 10 acre plot on the southwest edge of the town. Eventually 1,000 homes will be built there but this is just the first stage of the development.

This model village has been decades in the planning and whilst many of the big volume house builders scaled back on their construction, Prince Charles is stepping up his. So far Prince Charles has built 1,200 homes on 250 acres of Duchy of Cornwall land and in the next decade he is hoping to build 17,000 more. This time he hopes to be building all over the country. An important property fact is that Prince Charles built more homes in 2009 than the volume builder Persimmon Homes.

The development that he is building in Newquay is being nicknamed “Surfbury”, it will be pedestrian friendly and materials used from local suppliers. There will be terraced cottages and grander two storey detached houses, these will be made from Trevillet slate. Everything in the village will need to have the royal seal of approval as it is well known that Prince Charles does not like modernity but favours traditional materials. The project manager of the development admits that Prince Charles has received lots of different samples of materials ranging from Hemcrete which is hemp bound with lime to blocks made from recycled waste clay and straw.

The main emphasis of the development at Newquay, as with other developments that he has been involved in, is sustainability. The architect involved stresses that the key to it is to use local materials and to build in the traditional ways. The idea is to have a house which is cool in summer and warm in winter. Ground source heat pumps and solar panels are only economically viable as long as the feed-in tariffs are maintained but the government is already thinking of reducing these in the near future.

Prince Charles knows what he is talking about after his success at Poundbury. The “eco village” is made up of townhouses, cottages, shops and businesses and is now called home to 1,500 people. There have been critics of the village, some calling it “toy town” but there are always buyers willing to live there. Three bedroom terraced properties go on the market for £249,950. Many talk of the community spirit of the village and all ages tend to settle there.

Prince Charles’s other development is Coed Darcy, a development built on 1,400 acres of brownfield land between Swansea and Neath. The £1.2billion site was once the first crude-oil refinery in Britain and work began in 2008. Residents have already moved into some of the houses on the development last Christmas. Many of the residents took advantage of the shared ownership scheme offered which meant that they only had to come up with a 5% deposit. The agent looking after sales of the new homes there has spoken of how popular the traditional houses are to buyers. Prices start at £79,995 for a studio and go up to £199,995 for a four bedroom family home.

Another development is based in Knockroon near Cumnock. The 69 acre site used to be an old mining village but will now house 600 new homes, however there are tough rules to adhere to like Poundbury had. There are to be no satellite dishes allowed and the lettering of houses should be no bigger than 3in high. There are also restrictions on hedges in terms of colour and species. Prince Charles’s developments are not without their critics, many architects say that his view sustainability equates to “old looking”. Even if something is eco friendly but is modern they feel that Prince Charles will not approve. This has not stopped the Prince, he is now looking to re-build 50 blocks in the old quarter of Port-au-Prince after the Haitian earthquake and there are plans for an eco-town in Calcutta. This will provide 15,000 sustainable homes for the people there.

Awesome Hilly Villages: Cynosure of the Winsome Santorini Island

Graceful Santorini Island is embellished with many stunning villages. Topography of these compelling villages is mind-blowing. These arresting villages allure overwhelming tourists round the year. These awesome villages are the cynosure of the Santorini Island.

The picture-perfect Oia is an awe-inspiring village, located at the top of a hill. It covers a small area of two kilometers. Oia is a spectacular tourist destination that looks very fascinating in the greetings and postcards.

Tourists gain immense pleasure seeing the golden sunset at this extremely popular tourist destination. A large number of white buildings are also found at a height of 150 meters above the sea level. Scenario of this village enthralls tourists.

A massive earthquake had wreaked havoc in this magnificent village in 1956. Later it was refurbished into a superb tourist destination. The gorgeous landscaping of this village also attracts filmmakers.

Movies like the Summer Lovers and The Sisterhood of the Traveling Pant were shot at this magnificent location. Opening sequences of the movies like The Cradle of Life and Lara Croft Tomb Raider were also shot here. Visitors must not miss the scintillating Oia village.

Fira is one of the most beautiful villages of the Santorini. It is the capital of the Santorini. Fira, which is located at a height of 200 meters above the sea level, is eight kilometers far from Oia. Visitors can get a look-in to enjoy the breathtaking view of the submerged Santorini from this location.

This hilly village and its lovable residents welcome tourists with open arms to accept their hospitality. Visitors can enjoy the mesmerizing views of the island from the balconies or picture windows of the hotels and restaurants also.

Imerovigli is an enchanting traditional village, which is adjacent to Fira and Oia. Its name has been derived from two different words Imer and vigli. The word Imer means guard and the word vigli denotes to day.

Imerovigli is a scintillating traditional village that must not be missed. It has gained prominence for its nearby tourist destinations also. Captivating Skaros Fortress and enchanting Panagia Malteza church are two mind-blowing destinations that are imminent to the Imerovigli village. Tourists will certainly get immense pleasure visiting the Imerovigli village.

Oia, Fira and Imerovigli are the most splendid villages of the Santorini. Tourists can arrive here renting cars. Visitors can obtain an excellent and live travel experience visiting these awe-inspiring villages with rental cars of the Santorini Island.