Skip to main content

Getting Started With Global Digital Banking From the U.S.

If you're a U.S. resident looking to become a client of DNA Financial, you'll need to complete certain U.S. tax forms. Below is an overview of the key forms required for compliance.

Updated over a month ago

Form W-9

The W-9 form is used to provide your Taxpayer Identification Number (TIN) to financial institutions for reporting purposes. This form ensures compliance with U.S. tax regulations and may be used to report:

  • Income earned, including interest, dividends, and capital gains

  • Contributions made to IRAs

  • Certain real estate transactions

  • Foreign financial account balances

Form 8938 (FATCA Reporting)

The Foreign Account Tax Compliance Act (FATCA), enacted on July 1, 2014, requires non-U.S. financial institutions and entities to identify and disclose their U.S. account holders. Failure to comply may result in a 30% U.S. withholding tax on payments derived from U.S. sources, including income and proceeds from U.S. investments.

By submitting these forms, you ensure compliance with U.S. tax laws while accessing DNA Financial’s global financial services.

Related Articles
FATCA Form
Form W-8BEN and Offshore Banking
W-9 Form: What You Need to Know
FATCA & CRS
Did this answer your question?