There are some reasons why one may need to start the bank account in the United States as a non-resident and non-citizen. Among some other examples, we may say a couple of, e.g., if you visit the US frequently and you need to decrease funds and paper fees when spending in the country. If you are online and frequently accept payments from US corporations, that might be also the case. However, opening a bank account in the United States is not the easiest process. The initial issue most foreigners experience is lacking the SSN. Most banks would require a Social Security Number to open a bank account in the US. Non-residents and non-citizens in most fact do not get the SSN and that limits access to American banking retail companies.
If you do not have a Social Security Number (SSN) to report your taxes, and if you cannot get one because you are undocumented, you can use an Individual Taxpayer Identification Number (ITIN) to properly report your income. The Internal Revenue Service can issue an ITIN for any individual who earns income in the US but is not eligible to receive a Social Security Number. Besides, an ITIN usually can be used to open a bank account with certain financial institutions.
To open a checking or saving account, the bank or credit union will need to verify your name, date of birth, address, and ID number. An ID number can be an ITIN. To get ITIN, contact us. We are always here at your service with our professional team.
In addition to these, with an ITIN number, individuals can open bank accounts, grant loans and borrow money from banks, as a result, it builds their credit history. A credit history. You can check your credit score with your ITIN number.
How to apply for an ITIN
If you want to apply for an ITIN, at ein-itin.com, we can help you to contact the IRS and request Form W-7. Since we are a legal agent who is authorized by the IRS, we ensure you to get your ITIN as quick as possible. Your ITIN can normally be issued within 4-8 weeks, but it may take as long as 10 weeks or longer.
If you have your valid US Visa, proof of address, EIN and company documents, we can help you to make your application. If you have any further questions, please do not hesitate to contact us via e-mail, phone call or online support!