Can you buy a US sim card
1: that is prepaid
2: can receive text while overseas (out of the US)
3: has data when I travel to the US
4: Can prepay for 365days while in the US as I only visit the US once or twice a year

Why not get a Google Voice account and just forward to the prepaid SIM de jour or access through hangouts when outside the US?

This is exactly what I would do.

While there are prepaid options that don't cost much to keep "alive", those rarely have any service outside the US, nor is the data particularly well-priced unless you're a very light user. For one or two trips a year, it's almost certainly cheaper just to buy a new prepaid SIM shortly after arriving in the US and set up the GV forwarding for calls.

It would probably be necessary to create a new "American" Google account in order to have access to GV. At worst, this can be done on the next trip to the US so that you've got an American phone number available.

It might be possible to sign up for Fi and just pause the service when you're out of the US, but you need an American credit card to sign up. Plus, when Fi is paused, the line is dead--no calls or SMS.

The purpose of the US sim is to receive security codes from the US banks
they will not send the code to a non us sim

so does Google Voice allocate you a us cellphone number ?
the google voice then forwards the text to a overseas sim?

Most banks have other methods of verification, including e-mail and often a code-generator app (e.g. Google Authenticator). If your American bank doesn't, it's time to find one that sucks less. Without going too far into OMNI territory, while the US financial system has its flaws, the massive amount of competition means that there's always a bank out there that sucks less than your current one

That said, yes, GV does give you an American number. When outside the US, you can send and receive SMS in Hangouts. Some people have had issues with SMS verification services not working right, but that's not been my experience. I suspect that may be because my GV number started its life as a "real" cell number.

I have something called Toggle, which is a SIM card that allows me different numbers for certain countries, one of which is the USA. The USA number is 214 area code. I have never got a verification code from any service in the USA that would like to send me one. Unless it has changed recently my credit union (Meriwest) insisted that it was one of the carriers (Verizon, T-Mobile, can't remember). With my ANZ Bank card I can use my UK mobile number and there is no insistence on it having to be an NZ number. I find the USA banks quaint and archaic with respect to their IT approach. They could learn from others but seem to close their eyes to it.

I agree with you Silver Fox about the provincialism. The number of services I've run into that block foreign IP addresses are amazing. Then there is my one credit card of mine which takes the cake. It declared a "fraud" on my card because I used it with a swipe inside the US and five minutes later with a swipe abroad. The US swipe was the gas bump at the Ambassador bridge on the Canadian border and the foreign ("Canadian") swipe was at the Metro grocery store on the other side of the border. To avoid my tendency to eat junk food in the car on long drives, I pulled into Metro to buy a bag of carrots and sliced apples for my drive.

Is Toggle reliable about texts to its US number? Piranha also has a long shelf life and free inbound calls on a US number (like Toggle) in many countries.

My GV number is one of those that has trouble receiving SMS verification code. It started as a "fake" cell number associated with a real cell number. But for OP, I am not sure if he could even get a GV number without having another US cell number first. You can't just have GV assign you a new US number right?

You can just have GV assign you a new number--you have to provide a number for a verification call at that time, but it doesn't have to be yours. Easiest for someone who travels to the US often is to set it up with whatever prepaid SIM you pick up. Once GV is set up, you can delete the forwarding number. If you have a friend or relative in the US, you can just use their number and delete it after setup.

If your number was assigned to you by GV, it comes from bandwidth.com's block of VoIP numbers. I suspect that the bank verification systems have a list of which exchanges belong to VoIP services and block them. My GV number started its life as an AT&T cell number and was ported in, so although it "belongs" to bandwidth.com now, the exchange is an AT&T exchange. I have friends who signed up for Fi for a cheap phone and ported to GV when they cancelled; their numbers also work fine, probably because those numbers originally come from T-Mobile.

It has been for me apart from what I already mentioned. Many people from different area codes have texted/called me without any issue so far.

its a wells fargo and my account is locked so to avoid this happening again i need a us sim
Wells fargo will nit reset passwords without a us sim...
note i am only in the us a couple of times a year

Can you have a friend in the USA receive the text and just forward it to you ?
They will not need to know your bank info ...

yes that may be the only alternative
i am flying over to the us next month ..so that looks like the only option

So, I have a PAYG for my mother in the UK, I only need to put �10 on it, then send a text every 6 months to keep it active. That sort of thing would be ideal for you (in US of course) so does it actually exist does anyone know? I have an NZ sim too where I do the same sort of thing except I can extend its vailidty with a topup so do it that way.