There are plenty of banks that don’t require an SSN to open a US bank account.
It may seem a bit hard to get a bank account without an SSN… but in reality, it’s not.
All the US banks accept the ITIN in place of a Social Security Number.
So you don’t have to have a Social Security Number to open up a US bank account whether personal or business.
In fact, you may not even qualify to get an SSN.
But you can get an ITIN as a Non-US Citizen or Foreigner.
Start your ITIN application here: ITIN.com
Now, getting a credit card is a different step. Besides having an ITIN, banks may require some transaction history and proofs of income.
Why You Don’t Need An SSN for US Banks
A few years ago, banks didn’t require an SSN or ITIN to open your account.
Yet, banking policy has recently tightened up.
That’s why some people have an account without an SSN or an ITIN.
But that was back in the day.
Now it’s becoming a lot more mandatory where banks require you to have the SSN or ITIN to open the account.
Besides, people without ITINs who have a bank account are at risk.
The bank may freeze their account.
Plenty of people come to us asking for an immediate ITIN because of this.
So make sure to first get your ITIN to avoid that.
Get started with your ITIN application
List of Banks That Don’t Require an SSN to Open A US Bank Account
However, there are still some branches of some of these major four banks…
- Bank of America
- Wells Fargo
Where they are still opening up bank accounts, personal bank accounts to be specific, without an individual, having an ITIN and or an SSN.
And then having the account holder fill out a W-8BEN for tax exemption.
Opening US Bank Accounts Without ITIN Number
So, it’s still possible to get a bank account without ITIN or SSN.
Our forecast estimates that in 3-5 years, all banks will require your Tax ID. Because every year, baking policy tightens up a bit more.
However, we have a banking service to open accounts remotely.
We help open up personal bank accounts and business bank accounts.
We’ve offered this service for years already. And that’s the trend that we’ve seen over the years.
To inquire about our banking services, book a call with our Bank Director below.
Up to this day, you can definitely open up a US bank account without having a Social Security Number.
All US banks accept the ITIN in place of the SSN.
So this is good news for non-US citizens who are looking to open up bank accounts.
And just a few people are able to get that bank account without an ITIN or SSN, but with the risk of getting into trouble with the IRS soon or later and affect their good standing in the US.
What to Do Next
If you have any questions or comments about this, please go ahead and post them below.
If you want to talk to us directly and inquire about our service, please email us at firstname.lastname@example.org.
And if you’re ready to sign up for the service and work with us, we’d love to have you aboard and help you getting your ITIN.
Go ahead and click the link below to get started.