It is possible for a foreigner to open a bank account in the United States without a Social Security Number (SSN), but it may be more difficult and may require additional documentation. Here are a few options for opening a bank account as a non-citizen:
- Apply for an Individual Tax Identification Number (ITIN): A non-citizen/foreigner can apply for an ITIN, which is a unique number issued by the Internal Revenue Service (IRS) for tax purposes. An ITIN can be used in place of an SSN when opening a bank account.
- Provide a passport or other government-issued ID: Many banks may accept a passport or other government-issued ID as a form of identification when opening a bank account. Such as Bank Of America, Citibank, and WelsFargo Bank.
- Use a bank that specializes in working with non-citizens: Some banks, such as Citibank and HSBC, have specific services and policies in place to help non-citizens open bank accounts.
- Open a business account: As a foreigner, if you are a business owner, you may be able to open a business bank account with your business’s Employer Identification Number (EIN) instead of an SSN.
It is important to note that the requirements for opening a bank account may vary depending on the bank, and the process may take longer for a non-citizen. It’s always a good idea to check with the bank directly to find out what documents and information they require.
Additionally, it’s important to keep in mind that non-citizens may be subject to additional regulations and restrictions, such as the Foreign Account Tax Compliance Act (FATCA) which requires certain foreign financial institutions to report information about financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest.