In this article, we’re discussing how you can buy stocks with an ITIN number, also referred to as an individual taxpayer identification number.
Of course, in many instances, you need to have already a bank account to do this. So, if you haven’t yet opened a US bank account without a social security number or an individual taxpayer identification number, you may want to start there.
You can access all of our free US bank account opening resources, ranging from business banking to topics like how a tourist can open a bank account in the USA by clicking here.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Buy Stocks With an ITIN Number
- How to Buy Stocks through a Brokerage Firm Using ITIN Numbers
- Frequently Asked Investing Questions
- Do You Want Help Opening a US Bank Account?
Buy Stocks With an ITIN Number
You can buy stocks with an ITIN number by opening an account with several US banks or investment platforms. The specific opening options available to you will depend on your client profile, place of residence, deposit (or investment) amount, along many other factors.
Additionally, if you live outside of the US and would like to open an account remotely, whether it’s an online checking account with a virtual debit card, a savings account, or an investment account, you will need to make sure that this option is available through your chosen bank or investment platform.
Fortunately, there are US financial institutions available across most deposit levels, ranging from USD 3,000 to USD 250,000. Similarly, US banks provide individuals with access to the entire spectrum of US stocks as long as they can navigate the process of how to open brokerage accounts.
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How to Buy Stocks Through a Brokerage Firm Using ITIN Numbers
The first step to buying stocks with ITIN numbers is to open a stock account with a financial institution or investment platform that provides this service and allows you to start building your investment portfolio. In most cases, this will either involve opening an account with a bank that offers brokerage investment services to clients directly or having a relationship with an investment platform that clients can access on their own.
In either case, non-residents can open an account 100% remotely without ever visiting a branch. Instead, the entire online broker account opening process can be done online. Of course, not all financial institutions offer this service, so it’s important you choose the financial institution and branch that best matches your needs before applying.
With this in mind, we offer a dedicated service, outlining all of the account opening options available to you, suggestions on specific financial institutions, and direct introductions to bankers who can process your application. This service is called GlobalBanks USA and it’s our dedicated US bank account opening service. You can learn more about GlobalBanks USA below or use the link in the menu above to access GlobalBanks USA now.
Frequently Asked Investing Questions
Below are two of the most common questions we receive from people exploring how to buy a stock with an individual taxpayer identification number (ITIN). If you have further questions you would like answered, don’t hesitate to get in touch.
Can a Non-US Citizen Invest in Stocks?
Yes, non-US citizens can invest in stocks. They will need to open an account with a bank, brokerage firm, or investment platform that supports buying securities. Importantly, not all financial institutions open accounts for non-US citizens, especially non-residents living outside of the United States. We encourage you to carefully consider the financial institutions that you apply to before spending any time or energy completing applications.
Can You Trade Stocks Without SSN?
Yes, you can trade stocks without an SSN (social security number). However, US financial institutions, brokerages, and other investment platforms will often require you to have an individual tax number, otherwise known as an ITIN. While this is not a social security number, it is used as an equivalent for the purposes of opening and maintaining bank accounts and US investments.
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.
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+ 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!
