The Easiest Way to Open a Bank Account Without SSN
As a non-resident, you might have heard from others online that you can’t open a bank account without a social security number. That’s just not true! Sure, the process might look a little different, and it definitely is a bit more of a hassle with certain banks, but it’s absolutely possible to open a bank account without a SSN.
There are actually many major banks that will let you open an account without one, and we'll show you the easiest way to do it.
If you’re unsure of what the process is like with traditional banks, we’ll walk you through how to find bank accounts without a social security number, what your alternatives are, and how to open a bank account so that you can bank safely and easily.
Can I Get a Bank Account Without SSN as a Non-Citizen?
Yes, you can! The reason why most banks require that you provide them with your social security number is because they are trying to comply with the USA Patriot Act.
Basically, the Act holds them liable if they happen to allow a terrorist or criminal to open an account with them. The way they try to prevent this is by requesting your social security number so that they’re able to look a bit more into your background to see that you are who you say you are.
However, there are other ways for banks to verify this information without requesting your social security number. This is great news for certain groups such as international students who don’t have a social security number but need access to financial products. Read on to see what your options are.
How to Open a Bank Account Without SSN?
While it might not be the easiest way to open a bank account with a SSN, if you’re set on banking with a specific bank, ask them if you’re able to open up an account by just using your ITIN.
If you file taxes in the United States, you should have one of these numbers, regardless of whether or not you’re a resident or citizen. Numerous major banks, including Bank of America, Chase, and Capital One will all allow you to open accounts with them (mostly for credit cards) just by using your ITIN instead of a SSN.
Learn more about how to apply for an ITIN here and to see if you’re eligible.
As mentioned, however, this isn’t necessarily the easiest way to open an account without a SSN. Why? Most banks that allow you to open an account with just an ITIN will also request other information from you such as a copy of your passport and your visa. And, what about international students who don’t pay taxes just yet but need a bank account?
If that’s you, no worries! There are other options. Keep reading.
What Can You Do Without SSN?
Without SSN means you don't have access to your credit profile here in the US. While there are credit building products such as secured credit cards that may help you grow your credit, but here is a much easier way to build your credit since day 1.
Cheese is now offering credit builder product for people who need to improve their credit score, even you don't have an SSN yet. You can start a credit builder loan account with customizable terms and start put your monthly payment into savings. You may also use Cheese rent report to report up to 2 years of your rental history. It can boost your credit score with 50-60 points higher instantly!
Join us now and start your credit journey with Cheese!