Can I Open a Bank Account in the U.S. Without a Visa?

A common misconception about U.S. banking is that only citizens, green card holders, or visa holders can open bank accounts. The reality is that many non-residents can open personal or business bank accounts in the U.S., provided they meet certain identification requirements. This guide outlines the steps, requirements, and tips for opening a U.S. bank account as a non-resident.

Yes, non-residents can open bank accounts in the U.S. Banks generally require proper identification, and while being a resident may simplify the process, it is not always necessary.

To open a personal bank account, you typically need:

• Valid Identification: A passport is usually sufficient.
• ITIN or SSN (if required): Some banks may ask for an Individual Taxpayer Identification Number (ITIN) or a Social Security Number (SSN), but not all banks require this.

If your initial request is denied, don’t hesitate to ask to speak to a manager, as policies and flexibility can vary between branches.

For a business bank account, additional documents are required, including:

• Certificate of Incorporation or Formation: To verify your business is legally registered in the U.S.
• EIN (Employer Identification Number): An EIN, which the IRS assigns to the business entity, is necessary to open a business bank account. In general, anyone, including non-residents, can form a legal entity in the U.S. and obtain an EIN for that entity.

1. Research Bank Policies: Different banks have varying requirements for non-resident account holders. Check their specific policies online or contact them directly.
2. Gather Proper Documentation: Ensure you have valid identification and any other required documents before visiting a bank branch.
3. Be Persistent: If you encounter difficulties, ask to speak to a manager for clarification or alternative options.
4. Form a Legal Entity: For business accounts, setting up a U.S.-registered company and obtaining an EIN will make the process smoother.

Opening a U.S. bank account as a non-resident is possible with proper documentation and preparation. Whether for personal or business purposes, understanding the requirements can help you navigate the bank’s policies.

At Scott Legal, P.C., we can guide you through forming a business, obtaining an EIN, and addressing other immigration-related concerns. Contact us today for a consultation or explore our free resources and webinars for more information.