What is a W-8BEN?


Superhero Team

July 15th 2021 3 minute read

A W-8BEN is a form relevant to you if you’re not a US citizen or tax resident and you trade US shares or ETFs on your Superhero account.Superhero can rely on a validly completed W-8BEN form to determine:

(a) your status as a foreign person (i.e. not a US citizen or tax resident), and
(b) the withholding tax rate applicable to US source income.

Individual account holders will complete a digital W-8BEN during Superhero’s onboarding process.