voypcm
Returning Member

I am NRA and one bank asks me for the W8-BEN and another for the W9. Why?

Hello,
I have a question that I can't find a solution to, I'm writing here to see if someone can help me.
My current situation is the following:
-I am a foreigner living in the US.
-Due to the type of my Visa, I am considered NRA (not resident alien).
-I have an SSN number and work permit
-This year I started working for an American company, so I have income from the US. Next year I will have to fill out form 1040-NR. Currently they retain me as NRA, 30%
-I have an account in a bank here in the US
-In another bank, through my company, I am buying shares

Ask:
The bank where I have the account has made me fill out the W8-BEN form, and the bank where I am going to buy shares has made me fill out the W9 form. Is this correct? I don't understand why each one asks me for a different form.