Opening a bank account in the U.S. without a Social Security number (SSN) can feel overwhelming, especially if you’re new to the country or don’t qualify for one. Many people assume that an SSN is required for all financial services, but that’s not the case.
The good news is that several banks and credit unions are willing to work with you if you have alternative identification, such as an Individual Taxpayer Identification Number (ITIN) or a government-issued ID.
In this guide, we’ll break down the best banking options for those without an SSN, explain what you’ll need to open an account, and share practical tips to help you get started. Let’s dive in so you can take the next step toward managing your money securely and conveniently.
Major Banks That Don’t Require Social Security Numbers
1. Chase
Chase is one of the largest U.S. banks. The bank offers a wide variety of accounts which often come with bonuses. In addition, you can turn to the bank for home loans, auto loans, credit cards, and investment accounts. There are almost 4,000 branches and more than 16,000 ATMs throughout the U.S.
You may be able to take advantage of a Chase debit card and bank accounts without a Social Security number, as long as you have a green card, visa, or ITIN. Note that while Chase has a widespread presence, it’s not as common in rural areas.
2. Bank of America
Bank of America allows account openings with an ITIN instead of an SSN, but the process must be completed in person. Their widespread network of 4,200 branches and 17,000 ATMs makes them a convenient option for most customers.
3. Citibank
Citibank allows customers to open accounts with an ITIN and provides various financial products, including checking, savings, and credit accounts. Their welcome bonuses make them an attractive option for those starting new accounts.
4. PNC
PNC is a strong choice for those without an SSN, as they accept alternative IDs like an ITIN or a valid address verification document. They are known for low fees and no minimum balance requirements on certain accounts.
5. Wells Fargo
Wells Fargo is widely available across the U.S. and allows accounts to be opened with an ITIN or other government-issued identification. They offer a full suite of financial products, including credit cards, loans, and savings accounts.
6. U.S. Bank
U.S. Bank is often considered more lenient when it comes to SSN requirements. They allow account openings with ITINs or alternative IDs, such as green cards, passports, or visas.
7. TD Bank
TD Bank accepts ITINs and offers convenient hours, including weekend availability at many locations. Their accounts are low-cost and provide flexible options for new customers.
8. HSBC
As a global bank, HSBC caters to international customers and allows account openings with ITINs or government-issued IDs. They offer multi-currency accounts and various financial products.
Online-Only Banks That Don’t Require Social Security Numbers
9. Chime
Chime offers fee-free banking and accepts ITINs for account openings. With no overdraft fees, monthly fees, or hidden charges, it’s an excellent option for those who prefer digital-first banking.
10. Marcus by Goldman Sachs
Marcus is a digital bank that allows accounts to be opened with ITINs. With no physical branches, it focuses on competitive interest rates for savings accounts and CDs. It’s available to customers in all 50 states and provides free domestic and international wire transfers.
11. Wise (Formerly TransferWise)
Wise isn’t a traditional bank but provides international money transfer services and multi-currency accounts. It accepts alternative IDs and is a strong choice for those sending money abroad.
12. Revolut
Revolut supports multi-currency banking and allows accounts to be opened with ITINs or other valid forms of ID. It’s ideal for managing international finances and offers tools like budgeting and fee-free transfers.
Credit Unions That Don’t Require Social Security Numbers
13. Self-Help Credit Union and Self-Help Federal Credit Union
These nonprofit organizations serve low-income communities and accept alternative IDs like residency cards, passports, or driver’s licenses. They offer checking, savings, and loans.
14. Latino Federal Credit Union
Membership is open to anyone who joins the Latino Community Development Center with a one-time $10 fee. They accept ITINs or other government-issued IDs and offer a range of financial services.
15. Alliant Credit Union
Alliant Credit Union is a Chicago-based credit union that anyone can join as long as you’re at least 18. Alliant allows account openings with an ITIN and offers free checking with no monthly fees. A soft credit check may be performed during the application process, but it won’t affect your credit score.
16. Patelco Credit Union
Patelco, based in California, accepts ITINs and other government-issued IDs. They provide checking, savings, and loan products tailored to non-citizens.
17. Mission Federal Credit Union
This California-based credit union allows account openings with ITINs or alternative IDs. They’re a great option for local residents seeking various account types and financial services.
18. Meriwest Credit Union
Meriwest Credit Union, located in California, accepts ITINs and provides checking, savings, and credit-building tools for non-citizens.
Smaller Banks That May Not Require Social Security Numbers
19. East West Bank
East West Bank focuses on serving U.S. and international customers and accepts ITINs or other valid forms of ID. Their services cater to a diverse clientele, particularly in California.
20. BMO Harris
BMO Harris accepts ITINs and is known for its customer-friendly approach. They offer checking and savings accounts and are available in many Midwestern states.
21. Charles Schwab
Charles Schwab allows accounts to be opened with ITINs or alternative IDs and focuses on banking and investment options, such as high-yield checking and brokerage accounts.
22. First Republic Bank
First Republic caters to high-net-worth individuals and allows accounts to be opened with ITINs. Their personalized customer service is a standout feature, though they have fewer branches.
What is a Social Security number?
First, let’s go over what a Social Security number (SSN) is. It’s a nine digit identification number that is assigned to U.S. citizens, permanent U.S. residents, and temporary U.S. residents, like international students. It’s issued by the Social Security Administration, which is a government agency that’s been around since 1935.
At first, the SSN was designed to help the Social Security Administration keep track of people in the U.S. However, over time, it evolved as the go-to number for all types of purposes, like taxation, student and employee records, credit reports, hospital patient records, and more. SSNs are also used to pay taxes.
Initially, SSNs were only assigned to those who were over the age of 14. The Tax Reform Act of 1986 changed this, as it mandated that every dependent age five or older that was named on a tax return have their own SSN. This led to the demand for SSNs for younger children. Now, parents can request a SSN number for their newborn child on the birth certificate.
Why do most banks require SSN?
These days, many banks use SSNs to confirm the identities of their customers. With an SSN, a bank can check your banking history and credit score to decide whether they want to approve your request for a bank account. Furthermore, if you earn any interest on any of your bank accounts, your SSN can help report it to the Internal Revenue Service (IRS).
Despite the fact that banks often prefer to use SSNs to verify who potential and current customers are, they aren’t legally required to do so. Therefore, some banks don’t require Social Security numbers. If you don’t have an SSN, rest assured you may still be able to open a bank account.
What is an Individual Taxpayer Identification Number?
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the U.S. Internal Revenue Service (IRS). It’s a nine-digit number that always starts with the number 9 and has a 7 or 8 in the fourth digit, such as 9XX-7X-XXXX.
The ITIN is used by the IRS for tax purposes. It’s for people who aren’t eligible to get a Social Security Number (SSN). This includes undocumented immigrants, non-resident aliens, their spouses, and dependents. It ensures that these individuals can still comply with U.S. tax laws. It allows them to process and report income earned in the United States, and it’s used for tax purposes only.
How to Open a Bank Account Without an SSN
Opening a bank account without a Social Security number is possible, but you’ll need the right documents and a bank that accepts alternative forms of identification. Here’s how to do it.
Choose the Right Type of Account
Most people looking to open a bank account need a checking account for daily transactions and a savings account for short- or long-term goals. Some banks also offer money market accounts, CDs, and holiday savings accounts if you’re looking for additional options.
Find Banks That Don’t Require an SSN
Many banks require a Social Security number, but some allow customers to open a bank account with alternative forms of ID. Research financial institutions that accept Individual Taxpayer Identification Numbers (ITINs), passports, or other government-issued identification.
Check the bank’s website or call customer service to confirm which documents are accepted.
Compare Account Features and Fees
Once you find a few banks that accept your identification, compare their account options. Consider:
- Account types: Checking and savings accounts are common, but some banks also offer money market accounts and CDs.
- Fees: Look for banks that charge low or no fees. Common fees to watch for include:
- Monthly maintenance fees: Often waived with a minimum balance.
- ATM fees: Charged for using out-of-network ATMs.
- Paper statement fees: Avoidable by opting for electronic statements.
- Overdraft fees: Charged when spending more than your available balance.
- Interest rates: Some banks offer competitive interest rates on savings accounts, which can help your money grow.
- Customer service: Look at online reviews to ensure the bank is reputable. The Better Business Bureau (BBB), Google, and TrustPilot are good places to check.
Gather Your Documents
Most banks require documents that verify your name, birthdate, and address. This can include:
- Government-issued ID: Passport, driver’s license, state ID, or foreign national ID.
- Proof of address: Utility bill, lease agreement, or bank statement.
- ITIN (if required): Some banks may ask for an Individual Taxpayer Identification Number.
Check the bank’s website or call customer service to confirm their requirements before applying.
Submit Your Application
Many banks allow you to apply online, but some may require an in-person visit. When filling out your application:
- Double-check all details: Accuracy helps avoid delays.
- Be ready to make an initial deposit: Some banks require a minimum opening balance.
- Have your documents ready: Banks may request ID verification during the process.
Manage Your Account
After your account is approved, set up online banking alerts to monitor your balance and avoid overdrafts. Some banks allow you to enable text or email notifications for low balances, deposits, and suspicious activity.
Benefits of Opening a U.S. Bank Account
If you’re hesitant to open a bank account without an SSN, consider these advantages to make the most informed decision.
- Financial protection: It’s risky to keep a lot of cash at home. To protect the money you worked so hard to earn, it’s wise to store it in a bank account. By doing so, you’ll still have it after a fire, food, theft, or other disaster that’s outside your control.
- Affordable: Gone are the days you have to pay an arm and a leg to open a bank account. Many traditional banks, online banks, credit unions, and other financial institutions have moved to a no fee or minimal fee model. You may be able to open a free checking account without a Social Security number.
- Build a financial history: Unless you have a financial history, such as a credit report or credit score, it can be difficult or even impossible to get approved for a credit card, mortgage, car loan, or student loan. A banking history can help you establish history and demonstrate responsible financial habits that may open the doors to many financial opportunities down the road. It’s a great way to build a strong financial foundation.
Bottom Line
There are countless financial and tax benefits to storing your money in a bank account. If you don’t have a Social Security number, rest assured that there are options available to you.
As long as you check out our list of banks above, do your own research, and compare the pros and cons of each, you’ll be able to hone in on the right bank account for your unique situation. Best of luck!
Frequently Asked Questions
Do all banks require Social Security numbers?
There are some national banks, local banks, and other different banks that offer bank accounts to customers without Social Security numbers. Some examples include Bank of America, TD Bank, Chase, PNC, Wells Fargo, and Citi. Generally speaking, you’ll need an ITIN instead.
What are my options if I don’t have a SSN or ITIN?
Unfortunately, your options for a bank account are limited without an SSN or ITIN. You’ll have to search for a bank, credit union, or other financial institution that accepts other forms of identity like a passport number, military ID, current driver’s license, state ID, or government issued ID.
However, if you want to send money to your family outside the United States, a bank account is not necessary. There are various money transfer services available for this purpose, such as Western Union, MoneyGram, PayPal, Wise, Remitly, and Xoom, among others.
How can I get an ITIN number?
If you’d like an ITIN number, complete Form W-7 and send it to the IRS. You can go through this process online or apply in person at a local IS location. You’ll receive your ITIN within 7 weeks if you’re eligible.
Do undocumented immigrants qualify for a bank account?
If you’re an immigrant or noncitizen, don’t worry. You may be able to open an account with a passport or ITIN.
How much money do I need to open a personal bank account or business bank account?
Many banks will let you open a bank account with $0. Others might require a minimum deposit of $25, $50, or $100 or more.
