In this article, we’re going to help you open a bank account without an SSN or ITIN. Yes, it’s 100% possible. Plus, if you’re a member of GlobalBanks USA or GlobalBanks Insider, you can even open an account remotely at real banks without ever visiting the United States.
To be clear, we are NOT talking about fintech, EMIs, or payment platforms.
What we are talking about is banking in the USA by opening personal accounts, business accounts, and even premier banking accounts at some of the top brick-and-mortar banks.
- Not every bank in the United States requires proof of a social security number to open an account
- Non-resident individuals and foreign businesses owners can open accounts in the United States 100% remotely
- Specific account opening requirements need to be met to successfully open accounts without an SSN or ITIN
- Deposit requirements for opening an account with a bank in the United States will vary from bank to bank
But before we start, if this is your first time visiting GlobalBanks, don’t forget to download your free copy of the US Banking Starter Guide. It’s designed to help non-residents and foreigners successfully open bank accounts in the United States 100% headache-free and 100% remote.
One final point before diving into how to open an account in the United States if you don’t have an SSN or ITIN:
Many people will tell you that it’s impossible to open an account remotely in the United States. They’ll say that banks here don’t accept foreign entities, and they’ll even tell you that you must have an ITIN to open a bank account. But, that’s not true.
If you want immediate assistance opening an account 100% remotely in the United States,.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Who Can Open a Bank Account Without an SSN or ITIN?
- Social Security Number vs Individual Taxpayer Identification Number
- Requirements for Banking in the United States Without SSNs or ITINs
- Considerations For Opening a Bank Account Online in the United States
- Bank Account Deposit Requirements Without an SSN or ITIN
- The Step-by-Step Process to Opening Accounts in the United States
- What About Mercury, Transferwise, Payoneer, and Similar Services?
- Warning Before Opening Bank Accounts Without SSNs or ITINs
- Ready to Explore Your Options?
Who Can Open a Bank Account Without an SSN or ITIN?
First, you obviously need to know which banks, branches, and bankers cater to your specific client profile, know how to reach them (or how to get a direct introduction), know their account opening policies, and use the correct account opening strategies. If you follow these guidelines, you can open an account at a wide range of banks and situations.
In other words, finding the right contacts and knowing which banks have compliance protocols and onboarding procedures that allow them to accept clients that don’t have an SSN and ITIN is critical.
The reason this is so important is that bank policies are constantly changing. While one bank might be willing to open an account for a non-resident that doesn’t have a social security number or ITIN at one point in time, they might not allow it six months later.
That’s why our team constantly analyzes account opening procedures and compliance practices, and tax ID requirements at banks in the United States and around the globe. We keep track of account opening practices, and compliance quirks, maintain a constant dialogue with banks, and track account opening successes (and failures) around the world.
Thanks to this constant monitoring of banking in the United States, we know that a select number of banks here allow a foreigner to open a bank account even if they don’t have a social security number or ITIN.
Just to recap, here’s a quick list of the groups that GlobalBanks can help with opening an account 100% remotely in the United States, without proof of an SSN or ITIN:
Clients That Can Open Accounts Remotely Without a Security Number or Identification Number
- Foreign individuals from most countries around the world
- Foreign companies with zero ties to the United States
- Offshore companies with zero ties to the United States
- Foreign-owned American LLCs
- Non-resident individuals with no American address
- American LLCs with zero operations in the United States
- Foreign businesses that need access to USD banking
- Offshore entities that need an account in the United States
- And more…
In case you didn’t notice, the above list casts a very broad net. By our calculation, it should represent around 98% of all people and companies looking to open an account in the United States without proof of an SSN or ITIN.
In fact, the only real exclusions are people or companies from sanctioned countries or that appear on specific watch lists. And yes, some people in the Unlucky Passport Club will be impacted by this. Otherwise, most people and companies can access banking in the United States through GlobalBanks, including remote options.
It’s important to note that each bank’s willingness to open an account without a social security number or ITIN does vary. In fact, if you do not go to the right banker or branch, it’s almost guaranteed that you will not be able to open an account.
Note: We discuss this in much more detail, show you how to deal with it, and give you specific banking options, strategies, and direct introductions through GlobalBanks USA and GlobalBanks Insider.
So, rest assured, solid banking options do exist for each of the above clients. In some cases, the best banks in the United States will even accept you with a minimal deposit.
Social Security Number vs Individual Taxpayer Identification Number
To clarify, we are talking about opening an account WITHOUT a Social Security Number (SSN) or an Individual Tax Identification Number (ITIN).
These are numbers issued by the United States Internal Revenue Service (IRS). Naturally, you won’t have either of these numbers if you’re not an American citizen, have not spent considerable time in the United States, or never had a reason to obtain one of them before.
Banks often use these numbers to check creditworthiness and verify your identity for compliance purposes.
However, as you’ll see below, an SSN and ITIN are NOT always required to open a bank account for foreigners and non-American residents.
Requirements for Banking in the United States Without SSNs or ITINs
Obviously, if you want to open an account and don’t have an SSN or ITIN, this is a requirement that we’re going to skip. That said, there are other requirements you will need to meet, including:
- Two forms of government-issued identification (non-American issued)
- Proof of your personal (or business) address (non-American address)
- Proof of source of income and/or wealth (within 3 months)
- Completed account application documents
Certain banks will have additional requirements and may request specific types of documents depending on the type of account being opened. But, generally speaking, most non-resident individuals that don’t have a social security number or ITIN can still open a bank account in the United States by meeting the above requirements.
Of course, you still need to meet deposit requirements and navigate a few other account opening considerations. With this in mind, let’s take a look at the special considerations that apply to both personal and business accounts below.
Considerations for Opening a Bank Account Online in the United States
If you plan on visiting a bank in person, the number of banking options available to you will increase.
But, since this article is focusing on opening an online bank account, the most important factor you need to know is how to find an experienced banker. More specifically, an experienced banker that actually has clearance and authority from the bank to open a bank account 100% remotely. Unfortunately, this isn’t an easy task.
As always, the following important considerations will impact your ability to open an account with a given bank and banker:
Personal Bank Account Opening Considerations
- Tax residency
- Source of funds
- Source of income
- Industry of employment
- Political exposure
- And more…
Business Bank Account Opening Considerations
- Country of incorporation
- Country of operation
- Countries served
- Industry and business activities
- Where are incoming transfers being sent from
- Where are outgoing transfers being sent to
- And more…
Note: If you are applying for a business account, the personal account opening considerations still apply. Each shareholder, director, or member of the company will need to provide this information. This is standard practice when opening an account anywhere in the world.
Bank Account Deposit Requirements Without an SSN or ITIN
Like all account opening situations, different banks have different deposit requirements. This can range from US $3,000 to $250,000 and varies by bank.
If you’re planning to open a bank account in person, you can open a bank account with significantly less. In some instances, you can open an account with only US $500 or less as an individual. Alternatively, if you’re opening an account for a business, you should expect the account opening deposit to be at least US $1,500 to avoid monthly fees. But the amount to avoid monthly fees will fluctuate from bank to bank.
The Step-by-Step Process to Opening Accounts in the United States
If you don’t know what you’re doing, opening an account in the United States can be painfully time-consuming and extremely expensive. This is especially true if you don’t know which banks are likely to open a bank account for you.
In fact, depending on your risk profile and how difficult it is for you to obtain authenticated documents, applying to a single bank can cost up to a thousand dollars. And, if you get rejected and have to apply to multiple banks, costs and additional fees can skyrocket fast.
What you need is clear instructions on how to open an account remotely. You need a list of banks that accept non-resident individuals, foreign companies, and even offshore entities. And, you need to know which branches and bankers can actually make it happen (not all of them can, will, or even know it’s possible). What most people ultimately want is their own team of banking experts to help them open an account–and they want that team available to answer questions and provide guidance as needed.
With this in mind, our team has prepared three banking-specific reports, focusing entirely on the United States. They are designed to help our members navigate banking in the United States and unlock all the benefits of the most sophisticated financial system in the world.
With our reports, you will be able to quickly identify the best banks, identify the most suitable account opening strategies for your situation, understand the risks and nuances associated with your client profile, and choose how and when to approach banks based on your objectives.
Additionally, when you become a member of GlobalBanks USA, you will get direct support from our team of banking experts. We answer your most difficult banking questions, suggest specific banks that match your client profile, and make direct introductions to bankers in the United States to start the process of opening your account.
You get access to all three of these reports in addition to all of the other benefits locked inside GlobalBanks USA as soon as you sign up to become a member.
What About Mercury, Transferwise, Payoneer, and Similar Services?
There is nothing wrong with using services like Mercury, Transferwise, or Payoneer. But, they should be used as a supplement to your brick-and-mortar bank accounts. That’s because these platforms are better suited to transactional banking. In other words, you shouldn’t use them for storing deposits.
Additionally, these platforms are increasingly focused on servicing clients with a presence in the United States, with American operations, and that are classified as American businesses. Some will even ask for proof that your business is operating in America before they will open an account.
It’s also important to remember that many fintech providers are not banks–not yet at least. While certain platforms, such as Revolut, have acquired actual banking licenses, this is an exception, not the rule.
Instead, most platforms here will simply partner with a licensed bank (usually in some obscure corner of the United States). Essentially, they offer a pretty interface with a few extra services tailored to a certain niche market.
Make no mistake, better customer service, integration with other business support services (e.g. accounting software), and services tailored to your client type do offer value. But, these platforms also have shortcomings, limitations, and risks.
We’ll dig into this in another article where we’ll break down fintech, EMI, and payment platforms. For now, just know that fintech and neo banks are important tools that you can use in combination with, not as a replacement for, traditional bank accounts. Especially if you have a sizable or growing business.
Warning Before Opening Bank Accounts Without SSNs or ITINs
There are many service providers that say they can help non-resident individuals open accounts without a social security number or ITIN. In reality, they use low-quality banks, improper methods, charge unnecessary fees, and in many cases simply open accounts at EMIs.
Instead, when you join GlobalBanks USA, we give you EVERYTHING you need to solve your biggest banking problems and achieve your banking goals. Of course, if your goals include opening an account in the United States, we’ll give you all the tools, information, strategies, support, and direct bank introductions you need to do it on your own.
Ready to Explore Your Options?
If you’re ready to take action and start opening an account with a bank in the United States now, you can get started with GlobalBanks USA, our dedicated US account opening service.
GlobalBanks USA gives you everything you need to start finding and opening bank accounts in the United States.
When you join GlobalBanks USA, you receive a dedicated account manager to help you navigate your account opening options in the United States.
Plus, you receive access to our library of premium (members-only) banking reports. These include proven account opening strategies, client-specific lists of banks, and strategies to make the most of international banking in the United States.
Of course, you also receive direct introductions to bankers who are ready to help you navigate account opening.
To get started, click here to see if GlobalBanks USA is the right choice for you to start accessing the benefits of banking in the United States today.
You can also view all of the account opening solutions offered by GlobalBanks on our products page.
Yes, it's possible to open a bank account as an undocumented immigrant or without having a Social Security number. You'll need to provide other forms of proof of ID, such as a passport, driver's license, consular ID or birth certificate.Can I open a bank account without SSN or ITIN? ›
Yes, it's possible to open a bank account as an undocumented immigrant or without having a Social Security number. You'll need to provide other forms of proof of ID, such as a passport, driver's license, consular ID or birth certificate.What countries allow non citizens to open bank accounts? ›
Countries such as Mauritania, Singapore, and Mauritius allow foreigners to open Bank accounts. For example, tourists or foreigners in Mauritius, an island country in East Africa popular for its beaches and lagoons, can open current accounts. They, however, need... See full answer below.What bank can I open a checking account without a Social Security number? ›
If you can verify your address, you can open an account with Citibank with an ITIN instead of an SSN. There are a number of other options for those looking to sign up for a bank without a Social Security number, but they may have geographical or other restrictions. They include: Latino Credit Union.
- Ally Bank. ...
- Juno. ...
- Synchrony. ...
- Current. ...
- Wells Fargo. ...
- United Bank. ...
- Axos Bank. Axos Bank is an online-only bank that doesn't charge fees and offers rewards checking, savings, CDs, MMAs, and IRAs. ...
- Wise. Wise is a money transfer service that makes sending or receiving money from international countries easy.
An undocumented immigrant will need an alternative to the Social Security number, or SSN, in order to open a bank account. This number is called an Individual Taxpayer Identification Number, or ITIN, and you can apply for one through the RIS. Many financial institutions will accept an ITIN in place of a SSN.Can I open a Chase bank account without SSN? ›
Several banks don't require SSNs to open a bank account. Some of these include Chase, Wells Fargo, and Bank of America. These banks will, in most cases, require an ITIN to open an account instead.Can you open a bank account and not be a US citizen? ›
Yes, a foreigner can open a bank account in the U.S., it just takes some additional paperwork to make it happen. If you have a foreign government ID, passport or resident alien number from a green card, those will help. If you don't have a Social Security number, you'll need an ITIN.Do Swiss banks report to IRS? ›
As of 2022, information about your Swiss bank account must be handed over to the IRS in the United States. The IRS is responsible for collecting taxes and assessing the wealth of Americans, even wealth held in Swiss bank accounts must be accounted for.Is it illegal to have an international bank account? ›
Using the services of a bank outside of your home country is not illegal if it is done for legitimate reasons. Some foreign banks will start an account from a foreign customer with as little as $300 while others will not do business at all with foreign customers because of compliance requirements.
You'll need basic information like your home address, email address and phone number, as well as identification documents such as a driver's license, Social Security Number, and a minimum opening deposit amount.Does chime require SSN? ›
Your first step of becoming a Chime member is to open a Checking Account. Here's everything you need to know before opening an account: You must have a valid Social Security number. You must be at least 18 years old to open a Checking Account.Does Chase ask for Social Security number? ›
When we set up or manage your account information, we're required by law to have your Social Security number on file.What is the easiest online bank to get approved for? ›
- Easiest account to open — Revolut.
- 2nd-easiest account to open — Chime.
- 3rd-easiest account to open — Capital One.
- 4th-easiest account to open — Current.
- 5th-easiest account to open — Wise.
- 6th-easiest account to open — Majority.
- FAQ about online banking.
Gather your identification documents
If you open it in person, you'll likely need two forms of ID (such as a driver's license, Social Security card, passport or birth certificate) and proof of address (by way of a utility bill, mortgage statement, lease or similar document).
Goldman Sachs is generally regarded as the leading investment bank in most business areas, and is the toughest Bulge Bracket investment bank to break into. Goldman has a very strong reputation within the industry and among corporations. They advise on the majority of high profile M&A deals and other major transactions.What do immigrants use instead of SSN? ›
The Individual Taxpayer Identification Number (ITIN) is a tax-processing number issued by the Internal Revenue Service (IRS) to ensure that people—including undocumented immigrants—pay taxes even if they do not have a Social Security number (SSN) and regardless of their immigration status.Can an undocumented person open a Chase bank account? ›
Yes, undocumented immigrants in the United States are legally able to open bank accounts with traditional big banks, credit unions, small regional banks, and neobanks. To do so, undocumented immigrants must first request an individual taxpayer identification number (ITIN) from the Internal Revenue Service.Can a non immigrant open a Chase bank account? ›
You'll need to provide official, government-issued photo identification. Many of these requirements may be familiar to U.S. citizens as well. Some financial institutions may require more than one form of ID to verify your identity, particularly for non-residents.Does immigration check bank accounts? ›
Does immigration check your bank account? Your bank accounts or bank statements are not checked by immigration agents. If immigration officers want to make sure you have the financial means to maintain yourself while in the nation, they may inquire for the quantity of money you have with you.
As a regulated financial service, Cash App requires you to enter your social security number to adhere to Know Your Customer (KYC) regulations.Can a foreigner open a Wells Fargo account? ›
Wells Fargo offers checking accounts to foreigners who hold the documents required for verification. If you're not a US resident or citizen you can also choose to use the Wells Fargo international investment services which are available online, in branch and by phone.Can I open a bank account with only my passport? ›
Whether you are a US passport holder or a non-US citizen with a foreign passport, you can open a bank account with your passport as your proof of identification.How can I open a US bank account online for free? ›
You can apply online for a checking account if you're 18 years or older and a legal U.S. resident. You'll need the following information: Your Social Security number. A valid, government-issued photo ID like a driver's license, passport or state or military ID.What is wise bank? ›
Wise is a non-bank payment provider. This means your Wise account is an electronic money account. This makes your Wise account different from a bank account.Does the IRS track offshore bank accounts? ›
Yes, eventually the IRS will find your foreign bank account. When they do, hopefully your foreign bank accounts with balances over $10,000 have been reported annually to the IRS on a FBAR “foreign bank account report” (Form 114).Do international banks report to IRS? ›
The Foreign Account Tax Compliance Act (FATCA) requires foreign banks to report account numbers, balances, names, addresses, and identification numbers of account holders to the IRS.How does IRS track foreign bank account? ›
One of easiest ways for the IRS to discover your foreign bank account is to have the information hand-fed to them from various Foreign Financial Institutions.
Key Takeaways. Bermuda, Monaco, the Bahamas, and the United Arab Emirates (UAE) are four countries that do not have personal income taxes. If you renounce your U.S. citizenship, you may end up paying a tax penalty called an expatriation tax.What happens if I have more than $10000 in a foreign bank account? ›
A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. The full line item instructions are located at FBAR Line Item Instructions.
- 5 Best Countries to Open Offshore Bank Accounts. ...
- Cayman Islands. ...
- Switzerland. ...
- Singapore. ...
- Germany. ...
The federal government has no business monitoring small cash deposits and how Americans pay their bills and has no right to snoop around in private checking accounts without a warrant.What banks give you money for opening an account? ›
|Company||Forbes Advisor Rating||Offer|
|Citizens Bank Student Checking (Best Student Checking Account Bonus)||3.8||$400|
|Truist Simple Business Checking (Best Business Checking Account Bonus)||3.3||$300|
|TD Simple Savings (Best Savings Account Bonus)||2.5||$200|
Can I Open a Bank Account With an ITIN Number? Yes, banks and credit unions across the United States should accept your ITIN because it is a legitimate government-issued form of identification that proves your status as a taxpayer.How to activate a debit card without Social Security number? ›
Some card issuers will accept other government-issued forms of identification, including an Individual Taxpayer Identification Number (ITIN), passport number, or your native country's identification number. Other issuers may accept your driver's license number when you activate your card.Do I need a bank account for Cash App? ›
No, you don't need a bank account to create a Cash App account or add money to your Cash App balance.Does PNC ask for Social Security number? ›
Remember that PNC Bank will never call you and ask for your personal information over the phone (i.e. Social Security Numbers, Date of Birth, credit card numbers or bank account numbers) after personal information.What cards don t require SSN? ›
The two most popular card issuers for applicants without an SSN are American Express and Citibank. These issuers also both offer cards outside the U.S. and if you have an open account with either issuer in another country, your foreign credit activity will be considered.What credit cards can I get with an ITIN number? ›
|Issuer||Accepts ITIN in place of SSN?|
Wells Fargo, Bank of America, U.S. Bank and most other big banks offer the ability to open accounts on their websites. Some of the top online banks and credit unions — including Alliant Credit Union, Ally Bank, Discover Bank and SoFi — make it possible to open checking accounts online in just a few minutes.
- Alliant Credit Union.
- Bank of America.
- BMO Harris.
- Charles Schwab.
- BayVanguard Bank*
- Altamaha Bank.
- Androscoggin Bank*
- Axos Bank*
- Bank of America*
- Bank of Travelers Rest.
- Bank Independent*
You are not required to have a social security number to open a checking or savings account. To open a checking or savings account, the bank or credit union will need to verify your name, date of birth, address, and ID number.What documents are needed to open a bank account? ›
- A valid, government-issued photo ID, such as a driver's license or a passport. ...
- Other basic information, such as your birthdate, Social Security number or Taxpayer Identification Number, or phone number.
- An initial deposit is required by some banks, too.
Unless your bank has set a withdrawal limit of its own, you are free to take as much out of your bank account as you would like. It is, after all, your money. Here's the catch: If you withdraw $10,000 or more, it will trigger federal reporting requirements.What is the easiest bank account to get? ›
- UFB Direct.
- Chase Bank.
- Ally Bank.
Wells Fargo is often considered the most secure of the national banks in the US.What bank do most millionaires use? ›
- Bank of America: Private Banking.
- Citi: Private Banking.
- HSBC: Private Banking.
- JP Morgan: Private Bank.
- Morgan Stanley.
- Wells Fargo: Private Bank.
Yes, a foreigner can open a bank account in the U.S., it just takes some additional paperwork to make it happen. If you have a foreign government ID, passport or resident alien number from a green card, those will help. If you don't have a Social Security number, you'll need an ITIN.What documents do you need to open a bank account? ›
- A valid, government-issued photo ID, such as a driver's license or a passport. ...
- Other basic information, such as your birthdate, Social Security number or Taxpayer Identification Number, or phone number.
- An initial deposit is required by some banks, too.
Government issued photo ID or driver's license. Social Security Card or Individual Taxpayer Identification Number.How to open international bank account? ›
- your employment, income and tax details.
- proof of ID, like your passport, driving license or national ID.
- proof of address, like a bank statement or utility bill.
- additional documents, subject to qualification status, local laws and regulations.
- Social Security number.
- Individual Taxpayer Identification number.
- Green card.
- Foreign visa.
- Foreign passport number and name of issuing country.
- Alien identification card.
- A government-issued ID, such as: U.S. driver's license with photo. U.S. state-issued ID with photo. U.S. passport.
- Plus, one of the following: Social Security card. Credit or debit card from another financial institution. Current vehicle registration.
- Your Social Security number.
- Your current residential address.
- Your email address.
- Your account number or debit card number to make your opening deposit into your new Bank of America account.
- Co-applicant's personal information (if applicable)
Yes, undocumented immigrants in the United States are legally able to open bank accounts with traditional big banks, credit unions, small regional banks, and neobanks. To do so, undocumented immigrants must first request an individual taxpayer identification number (ITIN) from the Internal Revenue Service.Does immigration show up on background check? ›
Nonetheless, many different types of information are available in a comprehensive background check. These include: Immigration or citizenship status. A background check might verify an employee's Social Security number, immigration status, or citizenship.Can immigration block your bank account? ›
Your immigration status should have no effect on your ownership and access to your money. The U.S. government cannot seize your money simply because you are an unauthorized immigrant. You can continue depositing and withdrawing money in your bank account as long as it is active.Can you open a bank account with just a passport? ›
Whether you are a US passport holder or a non-US citizen with a foreign passport, you can open a bank account with your passport as your proof of identification.How does chime verify identity? ›
Chime sends a confirmation code to your phone number when you log in to the app. If you no longer have access to the phone number associated with your Chime account: On the verification screen, tap Need help?.