Wondering how to open a U.S. bank account without an SSN?
So today we’re going be talking about a very common question, which is how to open up a U.S. bank account without an SSN.
Let’s go ahead and start off by first saying that all the major U.S. banks, they all accept ITIN in place of SSN if you don’t have one. So let me just start by saying that.
How To Open a Bank Account In the US Without an SSN
We’re only targeting or we’re talking about. U.S. banks here we’re not talking about virtual online banks, whatever we’re talking about actual U.S. Banks like the big four, for example.
- Wells Fargo
- Chase, etc.
All Of them accept the ITIN in place of SSN. So we know that, that’s give us the first answer to this question.
The second thing we want to point out is that when it comes to personal accounts, we know a lot of people ask us a lot like, OK, open up a personal bank account.
And the general rule of thumb is when it comes to personal U.S. personal bank accounts, again, we’re talking about these major banks and not these online ones. The rule of thumb is you have to come to the U.S. in person to open an account.
Can I Open Account Without Social Security Number?
If you don’t have SSN and ITIN can substitute for that and then if you have a U.S. business bank account, it’s a little bit different, generally speaking for most of the banks.
Yes, you need your business documents like your operating agreement articles or certificate or specific information or articles of organization you EIN and ITIN.
And you generally need all those things to open up the business bank account.
Now, some U.S. banks to open the business bank account, they won’t require the ITIN initially to open the account.
But as we’ve said in other articles, what ends up happening that we see a lot is in time the bank will then contact the client and let them know.
We do request you to provide us your individual tax identification number or Social Security Number. If you do not provide that in a timely fashion, they do reserve the right to close your account at their discretion, which we’ve seen plenty of times.
So although you can get away with it, initially without the ITIN sometimes, which is the business account down the line, you’re going to run that issue of you’re going to have to venture at some point provided. So we always tell all our clients that ITIN is the glue to everything for the for the Non-U.S. Citizens.
And so always there to cover your base and get it in advance so that you when you need down the line, you have it.
That’s just always our best advice to people who are not U.S. citizens and are looking to engage in something that involves U.S. Yeah, that’s a question. That’s how you can open up bank account without having an SSN.
Open Bank Account Online With ITIN Number
Use your ITIN. Now, some people who are US resident aliens for tax purposes or just US resident aliens in general, because they passed substantial presence to us and they don’t have an ITIN. But you’ll come to find they have many accounts sometimes banks like Bank of America, etc.
They’ll open up accounts for these individuals without having that. And we know that banks back in the day used to do a lot more where they would open up accounts without having estimated ITIN.
As the years have gone on banking policies have gotten tighter and tighter and they’re now all making it almost manageable. You have to have it. Some people still have accounts from before where they got it open with that one. But policy definitely changed over the years.
The U.S. banking policy on tighter and tighter and they’re all making almost mandatory you have to have it. So moving forward, we would definitely recommend getting it if you are looking to open bank account.
What To Do Next
And we’d love to help you as well to just let us know. We’ll be more than happy to work with you. But, yeah, that’s the rule going forward.
And we hope this article was informative in terms of US banking. If you have any questions or comments, please go ahead and post them below if you guys get started with our professional ITIN application service.
We love to work with you so just go ahead and click the link below to get started. And if you have any questions, you want to speak us even more in depth, go ahead and email us at firstname.lastname@example.org.
Start your ITIN application here: ITIN.com