Non-US citizens and non-resident foreign can open a bank account in the US. In the scope of the title,’ How to get ITIN for US business bank account,’ we can say that: As you can imagine, the USA has a very hospitable and practical banking regulation. Thanks to this feature of banks, foreigners can open accounts.
The point you should pay attention to is that the application processes will differ slightly from bank to bank. For this, you can call the bank in advance. You can also visit the bank’s website. To open a bank account in the US, you must present some form of identification, proof of address, and an initial deposit.
Banks consider the passport sufficient for identification. Also, if you do not have an SSN number, you will need to use an ITIN number. In the scope of the title,’ How to get ITIN for US business bank account,’ we can say that: Most banks can give you an ITIN number that will allow you to open an account. You must have all the documents required by the bank. So, opening an account is simple. You can open a US bank account in person or online.
Opening a US Bank Account by a Non-US Resident
If you want to open a bank account in the US without living in this country, you must meet certain criteria. Some international banks will assist you when you meet these criteria. These criteria are:
- Working in the USA for a certain period of time
- Being a customer of an international bank in your own country is a criterion. It is also important to be a customer of this bank in another country.
- You may be buying a property in the USA. In this case, the bank will open an account for you.
Depending on the title,’ How to get ITIN for US business bank account,’ we can say that: If you meet any of the conditions we’ve outlined, you can open a bank account in the US to manage your financial commitments. You do not need to live in the USA for this. The important thing is to submit to the bank the documents proving that you meet the criteria we have listed.
How Can a Non-Citizen US Resident Open a Bank Account?
Foreigners residing in the US with an SSN number can open a bank account at major banks like any other US citizen. In other words, these foreign nationals with an SSN number can open a bank account online. The reason for this convenience is that these people for tax purposes, they are considered to be resident in the USA. Also, they may not need financial institutions that focus on immigrants. However, these US residents will need financial institutions that specialize in the financial needs of international clients.
Depending on the title,’ How to get ITIN for US business bank account,’ we can say that: Documents required for a resident foreign national to open a bank account:
- SSN number or ITIN number
- Any invoice for proof of physical address
Some Banks and Credit Unions that Accept an ITIN Number for Account Opening
It is possible to open a US bank account without an SSN number. In the scope of the title,’ How to get ITIN for US business bank account,’ we can say that: It is necessary to obtain an ITIN number. The ITIN is issued by the IRS. This nine-digit number can be used to open a US bank account.
If an ITIN is required to open a bank account, you must apply to the bank with your ID, such as a passport or driver’s license. Also, use bills such as the electricity bill as proof of your physical address. Some banks and credit unions that accept an ITIN number for account opening include:
- Bank of America,
- US Bank,
- Latino Credit Union,
- Wells Fargo,
- Marcus Goldman Sachs,
- Self Help Credit Union.
In the scope of the title,’ How to get ITIN for US business bank account,’ we can say that: Major banks like Bank of America and Chase require an ITIN, two supporting documents, and a valid US address.
If you are ready to apply for ITIN, we can start your ITIN Application
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