How To Open A Bank Account In The U.S.?

How To Open A Bank Account In The U.S.?

23.11.2020 02:45 by Clemta

Opening a bank account in United States for residents is easy and can be done with your SSN (Social Security Number). However, for non-residents or non-citizens, opening a bank account is tricky. Thispost will explore what you need to open a bank account in United States and what papers to gather to be able to open the bank account.

There is a different process of opening a bank account in America to resident/non-resident. It is of course quite simple for a resident U.S. citizen to open a bank account in the U.S. You just need to apply to a bank with your SSN (Social Security Number) and the whole process will follow easily. This is the way in many countries for citizens and residents to open a bank account in that country. However, for people who are non- residents / non-citizen it is little bit different to open a bank account. Especially for those who are planning to form a business in the U.S. and will definitely need that account for their company, the process becomes complicated.

Normally, many banks will ask for an SSN for the procedure, but most non-residents do not have an SSN and that causes it very difficult to work with most banks in the U.S. It is known that banks do accept people with no SSN to open a bank account but comparing to the rest of the banks in America, those banks are not very common and less in number. With these banks it is possible for a non-resident /non-citizen person to open up a personal or corporate bank account in U.S.

Actually, it’s not that hard to open a bank account for non- American citizen. The people who don’t obtain SSN number, can collect their number named ITIN (Individual Taxpayer Identification) and can open a bank account in America. ITIN is a processing number given to non-residents/ non-citizens by the IRS for individuals who are ineligible for an SSN.

Including these, if you have a rental contract it’s easier to open a bank account with SSN or ITIN number. So as to have a rental contract you can rent a virtual Office with low prices within that period in America. There is not an expression in the rental contract as “Virtual Office”. Because of that there is no difference from a standard rental contract. With that contract, even you don’t have a physical office or house you can open an account from all banks. 


If you have a company in America and if you want to open the account for the company, you can apply whit these papers;

  • Incorporation contract
  • EIN number
  • Address of the company (sometimes EIN number can be used instead of company address)
  • Passport number/ passport copy of the undersigned

Eventually, you can have a bank account, by following the procedure you need in America.