If you’re looking for banks that accept ITIN, there’s a good chance that you’re searching for US banking services and exactly how to open an American bank account from abroad.
If that’s you, you’ve come to the right place…
In this article, we’re going to discuss US banking for foreigners, non-residents, and individuals with (and without) an ITIN.
Feel free to jump ahead to the areas most relevant to you by using the table of contents below.
Table of Contents
- Finding Banks That Accept ITINs
- US Deposit Requirements
- Frequently Asked Questions
- Ready to Open Accounts With Banks in the USA?
Finding Banks That Accept ITINs
When searching on your own, it can be very difficult to find a bank that accepts ITINs during the account opening process. This is especially true if you are looking to open accounts 100% remotely.
However, opening a US personal bank account remotely with an ITIN is possible. You just need to know which bank, branch, and banker to approach.
That’s why our team maintains strong relationships with banks that cater to foreign and non-resident clients across the United States, including those with an ITIN.
In most cases, clients can open accounts without stepping foot in the US. However, you will need to have a clear reason for opening an account and it helps to have existing ties (such as an ITIN).
Individuals who are searching for specific US banking services and who are wondering
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Sign up here to receive our Free USA Banking Starter Guide. It’s designed to help non-residents with opening bank accounts at top financial institutions in the US.
US Deposit Requirements
When looking for banks that accept an ITIN, it’s important to keep in mind that each bank will have different account opening requirements. This is especially true if you’re looking to purchase foreign real estate and are looking for the best ITIN mortgage lenders.
Deposit requirements vary dramatically across US banks, ranging from as little as $3,000 up to $200,000 for personal account remote opening.
That said, most individuals are able to open standard checking accounts or savings accounts remotely with between US $3,000 and $25,000.
On the other hand, a deposit US $200,000 or more will qualify applicants to open a premier account with a large US commercial bank.
Frequently Asked Questions
Below are some of the most common questions that we receive from people looking to open a bank account in the US with an ITIN. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can I Open a Bank Account Online With an ITIN?
Yes, it is possible to open a bank account online with an ITIN. In fact, this can either be done through certain bank website or through direct introductions and video calls. Our team helps non-residents navigate their options and open US bank accounts remotely on a regular basis through GlobalBanks USA (more information below).
Do Banks Also Require Social Security Numbers to Open Accounts?
Most banks will require a tax identification number. However, it does not need to be a special security number. In fact, many US banks will accept an ITIN or (in certain instances) a foreign tax identification number.
What If I Don’t Have an Individual Tax Identification Number?
If you do not have an Individual Tax Identification Number (ITIN), it is still possible to open US bank accounts. This includes 100% remote account opening options that can be accessed by foreign non-residents. Of course, the specific banks that you can access will depend on your ability to meet account opening requirements, such as deposit amount and the required supporting documents.
Ready to Open Accounts With Banks in the USA?
If so, you can get access to GlobalBanks USA (our dedicated US banking service) in just a few clicks.
GlobalBanks USA is a 100% personal account opening solution. It provides direct access to our team of US banking experts.
When you join, you receive…
+ Expert suggestions on where to open US bank accounts.
+ Step-by-step support to navigate opening US bank accounts.
+ Direct introductions to helpful and responsive bankers.
+ Plus, detailed guides to maximizing the value you get from your new US bank account.
And “yes!” GlobalBanks USA helps foreigners and non-resident individuals open bank accounts.
In fact, GlobalBanks USA even helps non-resident US LLCs and foreign & offshore entities.
To learn more about GlobalBanks USA, visit the product page to see how our team can help you successfully open US bank accounts!
