Introduction
Whether you’re an international student, entrepreneur, or frequent traveler, having a U.S. bank account can simplify finances. But how to open a bank account in USA for foreigners isn’t always clear due to identity and residency rules. This guide breaks down the process step-by-step to help you open a U.S. account as a non-resident.
Can a Foreigner Open a Bank Account in the USA?
Yes. Foreigners can open U.S. bank accounts—even without a Social Security Number (SSN) or U.S. address. However, requirements vary depending on the bank and your visa status.
Benefits of a U.S. Bank Account for Foreigners
- Get paid from U.S. clients
- Avoid international transfer fees
- Access U.S. payment platforms like PayPal or Stripe
- Build credit history in the U.S. (if eligible)
Documents Needed to Open a U.S. Bank Account as a Foreigner
You may need some or all of the following:
- Valid foreign passport
- Secondary photo ID (e.g., national ID card or driver’s license)
- U.S. visa (student, business, tourist, etc.)
- U.S. address (can be a friend’s or company’s address in some cases)
- Individual Taxpayer Identification Number (ITIN), if SSN is unavailable
- Proof of foreign address (utility bill, lease, or bank statement)
Best U.S. Banks for Foreigners
Some banks are more flexible than others when working with international clients. Top choices include:
- Wells Fargo – Known for working with international students and tourists
- Bank of America – Offers options for those without SSN
- Chase Bank – Allows branch-based opening with foreign passports
- HSBC USA – Global banking with seamless cross-border account setup
- TD Bank – Friendly to newcomers and easy account management
How to Open a Bank Account in USA for Foreigners (Step-by-Step)
- Choose a Bank that works with non-residents
- Prepare Documents listed above
- Visit a Branch in Person (most require in-person verification)
- Complete Application and provide identification
- Deposit Initial Funds (minimums vary by bank)
Can I Open a U.S. Bank Account Online as a Foreigner?
Traditional banks require in-person visits. However, some digital banks and fintech platforms offer online U.S. accounts to foreigners:
- Mercury (for non-U.S. business owners)
- Wise (formerly TransferWise) – Offers U.S. bank details
- Payoneer – Useful for international freelancers
Tips for Success
- Open your U.S. bank account while visiting the country
- Apply for an ITIN if you plan to operate a business or pay U.S. taxes
- Consider opening an LLC in the USA to access business banking (visit FormLLC.us to get started)
Final Thoughts
Knowing how to open a bank account in USA for foreigners empowers global entrepreneurs, freelancers, and students to connect with the U.S. economy. With the right documents and preparation, your U.S. banking journey can be smooth and rewarding.
