Open Bank Account Without SSN Online [Step by Step]

Almost everyone thinks that it is a frustrating and almost impossible task to open bank account without SSN online, especially if you’re an immigrant or a foreigner living in another country. However, you don’t need to throw in the towel just yet. The good news is that with the rise of digital banking, it has become easier than ever before.

In this article, we will discuss the various ways to open a bank account without an SSN online, the required documents and identification, and the different types of bank accounts available. We’ll also give you a list of some virtual bank accounts you can open remotely without the need for SSN or ITIN.

So, whether you are looking to open a checking or savings account, we have got you covered. We’d provide you with some tips and tricks to make the process smoother and more straightforward.

Now, sit back, relax, and let us guide you through the process of opening a bank account without an SSN online.

Can I open bank account without ssn online?

While you can open a bank account in the United States without a Social Security Number. The reality is you will have to contend with a lot of obstacles and delays especially as a non-resident or undocumented immigrant when it comes to opening a US bank account with a big bank.

This is because these financial institutions will usually require proof of US residency and a social security number (SSN) or individual taxpayer identification number (ITIN) before your application can sail through. It can be a herculean task but don’t worry, we’ve got you covered.

Here are some options to explore when you want to open a bank account in the US:

1. Big banks in the US

Firstly, let’s take a look at the big banks in the US, such as Wells Fargo, Chase, Citibank, US Bank, and others.

Unfortunately, opening an account with these banks requires US residency and an SSN or ITIN. This means that this path is not available to non-residents and undocumented immigrants.

2. International US banks

Secondly, let’s take a look at some international US banks. This path doesn’t require US residency or an SSN/ITIN. Sounds great, right? Well, hold on a second.

These banks usually have deposit minimums, high fees, and balance requirements. So, while you may be able to open an account, maintaining it could end up being quite expensive.

3. Online accounts

Online bank accounts are ideal low-cost options that don’t require an SSN or ITIN, making the process simpler and more accessible.

However, some of these online banks may still ask for proof of US residency, which can be a challenge for non-residents. It’s important to note that this option might not be suitable if you need debt services like loans or credit cards.

But, hey, on the bright side, at least you can still have a bank account to deposit your hard-earned cash and keep it safe.

Who can open a bank account without SSN?

Almost anyone without a social security number can open a bank account in the USA. However, you must note that the level of financial services you will have access to is usually dependent on your status as regards proper documentation.

Who can open a bank account with a big US bank or international US bank?

For offshore companies, foreign companies, or foreign-owned US Limited Liability Companies (LLC), opening an account with a big institutional US bank or an international US bank could be the way to go.

These banks cater to businesses with no US ties and provide access to various financial services, such as business loans, lines of credit, and merchant services. However, be aware that the application process for such accounts can be lengthy, and the banks may have deposit minimums, high fees, and balance requirements.

Who can open a bank account remotely with an online bank account provider?

If you are a foreign individual or a non-resident living in most countries, then you may consider remotely opening an account with an online bank account provider.

These providers offer low-cost banking services and do not require a social security number. You can manage your account from anywhere in the world and access basic banking services, such as checking and savings accounts, online bill payments, and debit cards.

Keep in mind that some online account providers may require proof of US residency, so it’s usually best to check their requirements before applying.

How to open bank account without SSN online

Listen up. Here’s an important piece of information that could make or break your chances of opening an online bank account in the United States – proof of residency in the good ol’ US of A.

Yes, proof of residency is a major factor that will determine your eligibility to open some online bank accounts in the USA.

But don’t be too quick to throw in the towel just yet. Some of the banks we’re about to recommend may require you to prove your US residency, but others will be content with just a valid government ID from your home country.

Now, let’s get down to business. Here are the next steps to follow if you want to open a US bank account without SSN online:

How to open a virtual account with a US bank remotely

Step 1: Choose a US bank

The first step is to choose a US-based bank that allows you to open virtual accounts without an SSN or ITN. Some of the most popular options include Capital One 360, Ally Bank, and Chime.

Step 2: Check eligibility

Before proceeding, make sure you check the bank’s eligibility requirements. This includes checking if you meet their minimum age and residency requirements, and if they accept applications from your country.

Step 3: Complete the online application form

You’ll need to provide your personal information such as your name, address, and date of birth. The bank may also ask for your employment status, income information, and reasons for opening the account.

Step 4: Gather the required identification documents

Typically, the following documents are usually required to open an online bank account:

• Proof of US residency: depends
• Legal government-issued ID: yes (This may include a passport, driver’s license, or national ID card)
• Contact information: yes
• SSN/ITIN: no

You need to make sure the documents are clear and in color.

Step 5: Complete identity verification

To verify your identity, the bank may require you to provide a live video call, where they will ask you to show your ID and answer some security questions. Alternatively, they may ask you to submit your ID for verification.

Step 6: Wait for approval

After submitting your application and completing the necessary identity verification to open bank account without SSN online, you will need to wait for approval from the bank. The review process can take a few days to a few weeks depending on the bank and your personal situation.

Step 7: Fund your account

Once your account is approved, you’ll need to transfer funds from your existing bank account or a third-party payment service such as PayPal.

Congratulations! You now have a virtual account with a US bank. You can start using it to make transactions and manage your finances remotely.

Online banks that don’t require SSN or ITIN

As previously said, opening a ‘real’ bank account in the US can be quite challenging for those without a social security number or individual taxpayer identification number.

However, there are online banks that cater to this audience, providing the convenience of online banking without the hassle of providing an SSN or ITIN.

Furthermore, it must be said that these online banks are ‘not actually’ banks in the true sense, but fintech companies that partner with regulated American banks in order to provide people with financial services through their smartphones or computers.

Here are eight such banks that offer users online banking without SSN or ITIN:

1. Chime

Chime is one of the most popular online banks in the US, and it doesn’t require an SSN or ITIN to open an account. The process is simple and can be completed entirely online, without the need to visit a physical branch.

• Account name: Spending Account
• Monthly maintenance fee: $0
• Outgoing int’l wire cost: Not available
• Int’l card payment cost: Not available
• Is US residence required: Yes
• Is SSN/ITIN required: No

2. Aspiration

Aspiration offers an online account that’s available to everyone, regardless of their citizenship status. The bank also prides itself on its sustainability initiatives, donating a portion of its earnings to charities.

• Account name: Spend & Save Account
• Monthly maintenance fee: $0 – $7.99 (depending on the account tier)
• Outgoing int’l wire cost: $15
• Int’l card payment cost: 1% of the transaction amount
• Is US residence required: No
• Is SSN/ITIN required: No

3. Novo

Novo is an online-only bank that offers business checking accounts to freelancers, entrepreneurs, and small business owners. 

You can open a Novo account without an SSN or ITIN, as long as you have a legal government-issued ID. You can also link your Novo account to other financial accounts and business tools, like Quickbooks and Stripe. 

Novo has no monthly maintenance fee and offers unlimited ATM fee reimbursements.

• Account name: Business checking account
• Monthly maintenance fee: $0
• Outgoing int’l wire cost: $45
• Int’l card payment cost: 3%
• Is US residence required: No
• Is SSN/ITIN required: No

4. Varo Bank

Varo Bank is another online bank that doesn’t require an SSN or ITIN to open an account. The bank also offers a high-yield savings account, making it a popular option for those looking to earn more on their deposits.

• Account name: Varo Bank Account
• Monthly maintenance fee: $0
• Outgoing int’l wire cost: Not available
• Int’l card payment cost: Not available
• Is US residence required: Yes
• Is SSN/ITIN required: No

5. Simple

Simple is an online bank that’s known for its budgeting tools and user-friendly app. The bank doesn’t require an SSN or ITIN to open an account, and the process can be completed entirely online.

• Account name: Protected Goals Account
• Monthly maintenance fee: $0
• Outgoing int’l wire cost: $5
• Int’l card payment cost: Not available
• Is US residence required: No
• Is SSN/ITIN required: No

6. N26

N26 is a popular online bank that originated in Germany but has since expanded to the US. 

The bank doesn’t require an SSN or ITIN to open an account, making it a popular option for international students and expats.

• Account name: N26 Account
• Monthly maintenance fee: $0 – $25 (depending on the account tier)
• Outgoing int’l wire cost: $0 – $40 (depending on the account tier)
• Int’l card payment cost: 0 – 3.5% (depending on the account tier)
• Is US residence required: Yes
• Is SSN/ITIN required: No

7. SoFi Money

SoFi Money is an online bank that offers a cash management account. To open an account, you’ll need to provide your personal information and a valid government-issued ID.

SoFi Money offers a cash management account that comes with a debit card. The account has no monthly maintenance fees and no minimum balance requirements. SoFi Money also offers a savings account with a 0.25% APY.

• Account name: SoFi Money Cash Management Account
• Monthly maintenance fee: $0
• Outgoing int’l wire cost: $0
• Int’l card payment cost: 1%
• Is US residence required: No
• Is SSN/ITIN required: No

8. Empower

Empower is a mobile banking app that offers a checking account and debit card. 

You can open an Empower account without an SSN or ITIN, but you will need to provide a valid government-issued ID and a US mailing address.

Empower offers budgeting tools and cashback rewards on debit card purchases. There are no monthly maintenance fees and you can use any ATM in the US for free up to three times per month.

• Account name: Checking account
• Monthly maintenance fee: $0
• Outgoing int’l wire cost: Not available
• Int’l card payment cost: Not available
• Is US residence required: Yes, for the mailing address
• Is SSN/ITIN required: No

How undocumented immigrants can get bank accounts online

Getting a bank account as an undocumented immigrant can be a daunting task, but there are different ways to achieve it.

The quickest and easiest way to get a US bank account number is by signing up for an online account.

However, if you prefer to open an account with an established American bank, you’ll need to apply for an individual taxpayer identification number (ITIN) and provide it to the bank during the application process.

It may take a bit longer, but it’s a viable option if you’re looking for more traditional banking services.

What is an ITIN?

ITIN is simply an abbreviation for Individual Taxpayer Identification Number. This unique identification number is issued by the Internal Revenue Service (IRS) to individuals who are living, working, or conducting business in the United States.

Now, you may be wondering, “If I’m not a US citizen, can I still get an ITIN?” The answer is yes. 

While Social Security Numbers (SSNs) are only available to those eligible for social security, non-citizens who pay taxes or claim treaty benefits to the US government can apply for an ITIN. It’s an important step towards being recognized and compliant with US tax laws.

But it’s not just the IRS that cares about ITINs. When you’re trying to open a bank account, many institutions require either an SSN or an ITIN to confirm your identity and report your tax activity to the government. 

So if you’re an undocumented immigrant looking to get a bank account, it’s worth considering applying for an ITIN.

What if I have no social security number or ITIN?

Even though most banks require a social security number (SSN) or an individual taxpayer identification number (ITIN) to open an account, there are options available for those who don’t have either of these documents.

Basic current accounts can be requested from some banks, but they will likely ask for multiple forms of identification, such as a passport and US driver’s license, to confirm your identity.

However, some online banks do not require an SSN or ITIN to open an account, as listed in this article above. These options can help undocumented immigrants or others without proper documentation gain access to a bank account and the benefits that come with it.

Where to apply for ITIN?

When you’re ready to apply for an ITIN, you’ll need to fill out Form W-7 and include it with your tax return. You can then send all the paperwork to the IRS address listed below:

• Internal Revenue Service
• Austin Service Center
• ITIN Operation
• P.O. Box 149342
• Austin, TX 78714-9342

If you’re looking to get your ITIN before tax day, there’s no need to worry. You can visit any IRS-approved acceptance agent to submit Form W-7.

These agents are located all over the country and you can easily find a list of them on the official IRS website.

What do I need to apply for ITIN?

When applying for an ITIN, you’ll need to provide an original identification document, not a copy. Don’t worry, the original will be returned to you once the application is accepted.

There are several types of identification that the IRS considers valid for an ITIN application, such as:

• Passport
• State ID card
• Birth certificate
• USCIS ID card
• U.S. or foreign driver’s license
• Visa issued by the US Department of State
• Foreign voter’s registration card
• Foreign national ID card (as long as it includes your name, photo, address, date of birth, and expiration date).

Also, make sure you check which identification documents are acceptable on the IRS website.

Which banks will allow me open account with ITIN?

The great news is that almost every bank in the United States will allow you to open a bank account with an ITIN, including Chase. You just have to make sure you provide the right additional identification documents. 

Nevertheless, keep in mind that financial services could be limited, especially if you open an account with a large bank.

Also, it’s essential to remember that ITINs expire after three years of non-use. If you haven’t filed your taxes for three years, you will have to reapply for a new ITIN again.

FAQs

Why do banks require SSNs?

Banks require Social Security Numbers (SSNs) as part of the account opening process for various reasons, including regulatory compliance and identity verification. SSNs are used to confirm a customer’s identity and ensure that they are authorized to open an account.

What are SSN alternatives?

If you don’t have a Social Security Number (SSN), you may be able to use other forms of identification, such as a Tax Identification Number (TIN), Individual Taxpayer Identification Number (ITIN), or a Passport Number. Some banks and credit unions also accept alternative forms of identification for non-US citizens, such as a consular ID or a driver’s license from another country.

Can I get a checking account without a social security number?

Yes, but it depends on the bank’s policies and regulations. Some banks may require a social security number to open a checking account, while others may accept other forms of identification. It’s best to check with specific banks to see what their requirements are.

What bank account can I open online without ID?

There are no bank accounts that can be opened online without some form of identification. All banks are required by law to verify the identity of their customers to prevent fraud and money laundering. However, some banks may allow alternative forms of identification, such as a passport or driver’s license, if a social security number is not available.

Read also: just in! hotel booked with check

Final thoughts on open bank account without SSN online

While opening a bank account without an SSN or ITIN may seem daunting, it’s not impossible.

By taking advantage of virtual bank accounts and online banking services, you can open a bank account without an SSN or ITIN from the comfort of your own home, while eating a bowl of cereal. Yes, you read that right.

Of course, there may still be hurdles to navigate and challenges to overcome, but don’t lose heart. With the right information and resources, you can take control of your finances and secure a brighter future for yourself and your loved ones.

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