How to Open a Bank Account in the US as a Non-Resident

Opening a bank account in the United States as a non-resident may seem complicated, but it can be done if you know what banks require. Having a U.S. account makes it easier to manage money, receive payments, and handle daily expenses while living or working in the country.

Banks set different rules for non-residents. Some require a Social Security number, while others accept an Individual Taxpayer Identification Number (ITIN) or just a passport. Preparing the right documents before you apply can save you time.

This guide explains exactly what you need to open a U.S. bank account, which banks are most flexible, what fees to expect, and what alternatives you can use if a traditional account is not available.

Requirements to Open a U.S. Bank Account

Opening a bank account in the United States as a non-resident is possible, but the requirements are stricter than they are for citizens. Banks and credit unions must comply with federal laws to verify the identity of every customer. That means you’ll need to prepare specific documents before visiting a branch.

What Documents Do You Need?

Although each bank sets its own rules, most require the following:

• Proof of identity: A valid passport is usually required. Some banks may also accept a foreign driver’s license or government-issued ID.
• Proof of address: A utility bill, lease agreement, or official letter showing your name and current address. Some banks require a U.S. address, while others accept a foreign one.
• Tax identification number: This is typically a Social Security number, but many banks also accept an Individual Taxpayer Identification Number (ITIN).
• Secondary ID: A second form of identification, such as a visa, foreign ID card, or another government-issued document.
• Initial deposit: Most banks ask for a minimum opening deposit, often around $25 to $100.

Always confirm the exact requirements with the bank before you go. Some banks are stricter than others, and showing up without the right paperwork can mean starting the process over.

Can You Open a Bank Account Without a Social Security Number?

Yes. Many non-residents don’t qualify for a Social Security number, but that doesn’t automatically stop you from opening a U.S. bank account. Instead, banks often accept an ITIN.

An ITIN works as a substitute tax identification number for non-residents who aren’t eligible for a Social Security number. Not all banks accept ITINs, but many major U.S. banks do. If you don’t yet have one, you’ll need to apply before most banks will let you open an account.

See also: Banks That Don’t Require Social Security Numbers

What Is an ITIN, and Why Do You Need One?

An Individual Taxpayer Identification Number (ITIN) is issued by the IRS to people who aren’t eligible for a Social Security number but still need to file taxes or complete certain financial activities in the U.S. For non-residents, an ITIN is often the key to opening a bank account.

Banks use ITINs to report interest and income earned in your account to the IRS. Without one, many financial institutions won’t allow you to open an account. Even if you do find a bank that accepts only a passport and proof of address, having an ITIN will give you more options and flexibility.

How to Apply for an ITIN

You can apply for an ITIN through the IRS. The process is straightforward, but it takes time, so start early if you plan to open a U.S. bank account. Here’s what you’ll need to do:

• Complete Form W-7: This is the official ITIN application form.
• Provide a federal tax return: In most cases, you’ll need to attach your U.S. federal income tax return to your application.
• Submit identification documents: A passport is the most commonly accepted document, but the IRS also accepts other government-issued IDs.
• File your application: You can submit by mail, in person at an IRS Taxpayer Assistance Center, or through a certified acceptance agent such as a bank or accounting firm.

Processing usually takes about seven weeks, though it can stretch to 11 weeks during peak tax season. Once you receive your ITIN, you can use it to open a bank account and take care of other financial matters in the U.S.

Can Non-Residents Open a U.S. Bank Account Online?

Most U.S. banks do not let non-residents open accounts entirely online. The main reason is that banks must verify identity documents in person to comply with federal regulations. Allowing someone outside the country to upload documents online creates a higher risk of fraud.

There are a few exceptions. Some global banks and fintech companies let you begin an application online and then complete the process in person once you arrive in the U.S. Others may offer international or multicurrency accounts that you can open from abroad. These accounts function more like international banking services than traditional U.S. checking or savings accounts.

If you need an account before arriving in the U.S., your best options are international banks with branches worldwide or digital providers such as Wise or Revolut. Otherwise, plan to visit a U.S. branch in person with your documents.

Best Banks for Non-Residents in the U.S.

Not every bank works with non-residents, but several major institutions do. Requirements can vary, so it’s best to confirm with the branch before applying.

Personal Checking Options

• Chase Secure Banking: Accepts ITINs, no overdraft fees, access to over 16,000 ATMs, and a $100 bonus after meeting activity requirements.
• Bank of America Advantage SafeBalance: Low monthly fee with options to waive, and accepts ITINs at many locations.
• Wells Fargo Everyday Checking: Widely available nationwide, accepts ITINs, and offers online bill pay and debit card access.
• Citibank Access Account: Strong international presence and a good option for frequent international transfers.
• HSBC Everyday Global Account: Multicurrency features and global reach, making it easier for non-residents who move or work across countries.

Business and International Accounts

• TD Bank: Offers business accounts for non-residents, often with weekend branch hours that make in-person setup easier.
• HSBC Expat Services: Designed for international clients, with multicurrency accounts and global support.
• Citibank International Accounts: Lets you open certain accounts from abroad, especially if you already bank with Citi in another country.
• Majority: A digital banking option tailored to immigrants, with lower barriers to entry and multilingual customer support.

When comparing banks, check whether they accept ITINs, what the minimum deposit is, and whether you need a U.S. address.

Featured Checking Account

Typical Fees on U.S. Bank Accounts

Bank fees in the U.S. can add up quickly if you’re not aware of them. Both checking and savings accounts come with standard charges that vary by institution.

Common Checking Account Fees

• ATM fees: ATM fees are typically $2 to $5 per withdrawal when using an out-of-network ATM.
• Monthly maintenance fees: Often $10 to $15, though many banks waive the monthly fee if you meet requirements such as direct deposit or minimum balance.
• Overdraft fees: Up to $35 each time you spend more than your balance. Some accounts now offer overdraft protection or no-overdraft features.
• Foreign transaction fees: Usually 1% to 5% of the purchase amount when using your debit card abroad.

Common Savings Account Fees

• Monthly maintenance fees: Typically $5, though they may be waived with minimum balance or regular deposits.
• Excess withdrawal fees: Charged if you make more than six withdrawals in a statement cycle, often $10 to $15 per transaction.
• Inactivity fees: Some banks charge $10 to $15 per month if your savings account has no activity for a year or more.
• Paper statement fees: Around $2 to $5 per mailed statement, which you can avoid by choosing electronic delivery.

Knowing these fees before you open an account will help you choose the right bank and avoid unnecessary costs.

Alternatives to a Traditional U.S. Bank Account

Opening a standard checking or savings account in the U.S. can be difficult for non-residents. If you don’t yet have the required documents or you prefer more flexibility, there are other ways to manage your money.

Correspondent Bank Accounts

Correspondent accounts are made possible through partnerships between banks in different countries. For example, your bank at home may work with a U.S. bank to give you access to local services. This lets you use your home account while making deposits, withdrawals, or transfers in the U.S.

The main drawback is cost and speed. Transfers often move through several banks before reaching the final account, which can take days and come with higher fees. Still, if your home bank offers this service, it can be a convenient short-term option.

International Bank Accounts

Large global banks such as HSBC, Citibank, and TD Bank allow customers to open international or expat accounts. These accounts often support multiple currencies and may be set up before you arrive in the U.S.

The tradeoff is cost. International accounts often require a high opening deposit and ongoing minimum balance. They also tend to charge higher monthly fees than standard accounts. They make the most sense for people who move frequently or who plan to maintain accounts in more than one country.

Alternative Financial Services

If traditional banking isn’t possible, digital providers may work instead. Two popular options are Wise and PayPal.

• Wise: Offers a multicurrency account and debit card. You can hold, send, and receive money in several currencies at lower exchange rates than many banks.
• PayPal: Lets you link a wallet to your home bank account and send or receive payments in U.S. dollars. PayPal also issues a debit card for eligible customers.

These services are easier to set up and require fewer documents than a bank account. However, transaction fees can add up, so they work best as temporary solutions.

Tips for Banking in the U.S. as a Non-Resident

Banking as a non-resident can feel unfamiliar, but preparation goes a long way. Here are some practical steps to make the process smoother:

• Apply for an ITIN early: Processing takes weeks, and many banks will not open an account without one.
• Contact banks in advance: Call or check the website of the branch you plan to visit so you know exactly what documents are required.
• Bring multiple forms of ID: A passport is essential, but having a second government-issued ID increases your chances of approval.
• Keep fees in mind: U.S. banks often charge for maintenance, ATM withdrawals, and foreign transactions. Compare options before choosing a bank.
• Consider digital services as a backup: If your account takes time to open, services like Wise or PayPal can help you manage money in the meantime.

Being prepared before you arrive will save you time, reduce stress, and help you choose the account that fits your needs best.

Final Thoughts

Opening a bank account in the U.S. as a non-resident is possible, but it requires planning. Banks need to see proof of identity, proof of address, and often an ITIN. Not every institution accepts non-residents, so contacting the branch ahead of time can save you wasted trips.

If you can’t open a traditional account right away, options like correspondent accounts, international banks, or digital providers such as Wise and PayPal can help you manage money in the meantime. These solutions may not replace a full-service bank, but they provide reliable access to payments and transfers.

The best approach is to prepare your documents, research banks that accept non-residents, and apply for an ITIN early if you don’t already have one. With the right preparation, you’ll have no problem opening an account that lets you send, spend, and save money in the U.S.