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I'm writing to ask for your help with the form W-8BEN. I'm a research scholar come from China and I have a checking account at your bank. I have received the form W-8BEN with a letter from your bank about 2 month ago. This letter has asked me to provide evidence that I am a citizen or national of a foreign country to avoid further U.S. tax withholding. So I went to TD bank at Glassboro to ask for help. A customer service representative has told me that it’s not necessary for me to use the W-8BEN and she has asked me to sign a form W-9. I thought that’s the ending of this story, but I have received another letter and W-8BEN form from your bank again last week. This letter has asked me to fill out the W-8BEN form and return it by 12/31/2015. Now I am confused and don’t know what should I do, so I have to ask for your help.
I would be much grateful for your kind help and looking forward to your early reply.
November 30, 2015 08:17:49 PM
In reply to Rui, glassboro
Hi Rui, welcome to TD Helps and thank you for sending us your question.
We'd like to take the time to explain the difference between the W8-BEN and W9 form. We request the W8-BEN from our foreign customers who are not permanent U.S. Resident Aliens. This form is to ensure that the customer is a foreign person and are not required to report income as a United States citizen or backup withholding taxes.
A W-9 form is completed by a U.S. Person (including a resident alien) to give his/her correct Social Security Number (SSN) or Taxpayer Identification Number (TIN).
If you need assistance with filling out the W8-BEN, please take a look here: http://1.usa.gov/1XD6CiS. If you'd rather speak to a Representative feel free to call 888-751-9000 24/7 or visit your local TD Store. To find a nearby location take a look here: http://bit.ly/TDStores.
We hope you find our answer helpful and please don't hesitate to return to TD Helps if you have any further questions.
Shanika A, Mount Laurel
November 30, 2015 08:18:28 PM