How to Open a Bank Account as a Non-Resident in the United States of America?

Whether you’re relocating to the United States or just searching for a bank account in US dollars, creating a US bank account online as a non-resident is likely to be a complex process fraught with a range of criteria and time-consuming bureaucratic processes.

While it may be challenging, it is by no means insurmountable. In this article, you will learn about the most typical options for creating a non-resident US bank account, regardless of your individual needs or preferences.

In a nutshell, the following suggestions are made:

Without a US address or Social Security number, you may create a Wise Multi-Currency Account, which will offer you with US checking credentials and a debit card that can be used to make purchases in more than 50 currencies, including the US dollar. If you’re looking to make a large financial commitment and are unconcerned about paying exorbitant fees for a comprehensive checking account, UCB business solutions is the appropriate fit.

If you have a US address but no Social Security number, you may create a full US checking account with Sutton Bank. This account offers migrant-friendly features such as international calling, ATM mapping, and discounts.

If you have a physical address in the United States and a Social Security number, you may establish a Chime mobile checking account (owned by The Bancorp Bank or Stride Bank), which offers some of the lowest fees in the country.

In summary, many non-residents have a tough time to open US checking account for one simple reason: the majority of US institutions need you to be an American citizen or resident in order to approve your application.

Final words

Characteristically, you will be needed to provide a Social Security Number (SSN), an Individual Taxpayer Identification Number (ITIN), and proof of US residence to qualify (although these details vary from bank to bank). A photo identity document such as a passport, driver’s licence, government-issued picture identification card, or (if relevant) immigration papers will also be required.