How to open a bank account in the USA?

If you are considering opening a bank account in the United States, it is essential that you know the general requirements that banks usually ask for:

Basic requirements:

  • Identification: A Real ID, which can be a driver’s license, state ID or passport. Some entities may require a second form of identification, such as a birth certificate or social security number card.
  • Initial deposit: Banks usually require an initial deposit to open the account, which generally does not exceed $25.
  • Proof of address: This can be a receipt in your name for utilities such as water, electricity, gas or internet.
  • Identifying Number: Either a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN).

Can I open an account in the USA if I do not have a SSN?

If you do not have an SSN, the ITIN may be your solution. The ITIN is a tax number used by the IRS to record payments and tax returns of foreigners without SSNs. In addition, some banks allow you to open accounts by presenting only your passport, although it is advisable to have proof of residence.

Banks that allow opening accounts without SSN

In the United States, although the Social Security Number (SSN) is widely used by banks to open accounts, there are some financial institutions that allow customers to establish accounts without this number. These options are particularly useful for immigrants and individuals who do not have SSNs. Below are some of the banks that offer this possibility:

  1. Charles Schwab: Although mostly focused on investment services, it also offers bank accounts and does not always require an SSN.
  2. Citibank: This global bank allows customers to open accounts with an ITIN or even a passport in certain cases.
  3. Bank of America: One of the largest banks in the country, allows accounts to be opened with an ITIN instead of an SSN.
  4. U.S. Bank: Although an SSN is generally required, in certain circumstances, an ITIN may be sufficient.
  5. HSBC: Due to its global presence, HSBC is known for having more flexible account opening policies.
  6. Chase: Like other large banks, Chase may allow accounts to be opened with an ITIN.
  7. TD Bank: Known for having immigrant-friendly policies and may allow accounts to be opened without an SSN.
  8. BMO Harris: This bank also offers options for those without SSNs.
  9. PNC: In certain circumstances, PNC may allow accounts to be opened with an ITIN.
  10. Wells Fargo: One of the most prominent banks, Wells Fargo sometimes allows accounts to be opened with an ITIN.
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If you are interested in opening an account without an SSN, it is essential that you contact the bank you are interested in directly to confirm their current policies and know exactly what documents you need to submit. It is also helpful to note that policies may vary by state or branch.

Requirements

Before deciding on a bank, evaluate:

  • Monthly fees: Some banks charge a maintenance fee.
  • Minimum balance: Check if there is a minimum deposit required.
  • ATM usage fees: Some entities charge for withdrawing money from ATMs that do not belong to their network.
  • International transaction fees: If you plan to use your card outside the U.S., consider this aspect.
  • Overdraft fees: It is essential to be aware of fees for spending more than you have in your account.

Have a U.S. bank account. may seem like a complicated process, but there are options available to everyone, regardless of your immigration status.

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