empower immigrant families

How Immigrants Can Open Bank Accounts in the U.S.

There is a lot of misunderstanding about how can immigrants open bank accounts.  Yes, you can!  In the United States, banks should not ask what your immigration status is. Many do not require you to have legal status.  There are ways to establish your identity without having status or a social security number.

Opening a bank account is one of the smartest financial moves you can make your first few months as a new immigrant.

Read below to learn more. And for more support, book a free 30 minute consultation with us here: http://immigrantfinance.com/consult

How can immigrants open bank accounts? 

This will depend on the bank as each bank can be a little different. Generally, to open a bank account you need to have two things:

(1) an identification number and
(2) proof of your identity and address, for example through a valid, government-issued photo ID.

For undocumented immigrants, there can be challenges meeting both requirements. However, it is possible to find the right proof and bank for your situation.

How do I provide an identification number?

An identification number is needed at most banks to open an account. You can use a Social Security Number (SSN). If you don’t qualify for a social security number (SSN), you can use a Individual Taxpayer Identification Number (ITIN).

Who can get a Social Security Number

The easiest way to show an identification number is by having a social security number. These groups of people are probably eligible for a social security number:

  • lawful permanent residents (“green card holders”)
  • people who have been granted asylum (“asylee”)
  • refugees
  • people who have a certain kind of visa that allows you them work in the United States
  • people who naturalized and became a U.S. citizen

You can visit a social security office to request a social security number. This is the most common method to provide your ID number.

How Undocumented Immigrants Can Get Identification Numbers

If you do not have any legal status and/or you are not eligible to have a Social Security Number, don\’t worry.  There is another way to provide a bank with your ID number: through an Individual Taxpayer Identification Number (ITIN).

The U.S. government\’s tax agency, the Internal Revenue Service (IRS), gives ITIN numbers to foreign nationals who are working in the U.S. and pay taxes.  This is how many undocumented immigrants pay taxes to the government.

You can apply for an ITIN at the same time that you file federal taxes to the IRS. The purpose of the documents you need to include are to show that you are who you say you are. Once you complete all the documents, you can submit your ITIN application along with your federal tax return.

  1. Fill out the required Form W-7.  It is available in English and Spanish.
  2. Provide proof of identity with an unexpired document that includes a photograph of you. For example you can use an unexpired passport or driver’s license.
  3. Provide proof of your connection to a foreign country with an unexpired document. The whole purpose of an ITIN number is to allow foreign nationals or people from other countries to be able to pay taxes in the U.S., so to do that you have to show what country you are associated with.
  4. Complete your federal tax return.
  5. Attach your Form W-7 and proof of identity with your tax return and submit it.

Practice Pointer: there’s only one document that will satisfy both of the requirements to provide photographic proof of identity and proof of your connection to a foreign country (requirements #2 and #3) all in one step. That is an unexpired passport from your home country. If you do not have an unexpired passport, the IRS has a chart of 13 types of documents that can be used.

For each of these documents, you need to provide an original document or a certified copy. A certified copy is like a copy of the original document from the government agency that is giving it certifying that is a true and correct copy.

The IRS lets you either mail in those original copies to the IRS when you submit your application or you can make an appointment with the IRS on their website to come in and show your original documents. If you mail in your original documents, they will send the documents back to you. However, personally if it was me I would not do that because we never trust handing over original documents to government agencies. You just never know. Things can get lost. We think the appointment is a good way to go.

This can sound complicated at first. The big picture point, however, is that if you are undocumented, you can get your an identification number to open a big account. You can submit Form W-7 to the IRS with a tax return and then provide documentation that shows your identity and what country are from. That documentation has to be unexpired and it has to be either original or certified copy that you show to the IRS either by mailing it in or going to an appointment. At least one of those documents that you use has to have your photograph.

How do I prove my identity and address?

The second thing you need to show to open a bank account in the U.S. is an identification card — a card issued by a government agency showing who you are.

There are Several Types of Identity Cards Immigrants Can Use to Open Bank Accounts

If you have lawful status, such as a green card, you may be able to prove your ID and address through a driver’s license, your green card, or an unexpired passport.

Even if you don’t have any immigration status, you may be able to use an unexpired passport. Your passport from your home country can prove your identification.

If you are undocumented and/or do not have a driver’s license or unexpired passport, you may be able to get a municipal ID to count as government-issued proof of your identification and address if you live in a certain city.  Several cities, including Los Angeles, San Francisco, Phoenix, Chicago, Detroit, New York, and Washington, D.C., have municipal IDs that may not require you to have any legal immigration status.

You can also try using a national identification card from your country or your consulate.

Each bank will be a little different in what they require. It’s important to first contact the bank first to ask about their requirements.

Research Banks in Your Area Before You Open an Account 

Before opening a banking account, make sure to do some research first. We recommend that you look at the local banks near where you live and do some research online.

First, look for banks that offer accounts with no fees. You can call the bank and ask if there are any “hidden fees” or “annual fees”. There is really no reason to pay a fee to have a bank account. The bank should actually be paying you because you are letting them hold on to your money!

Second, research to find a bank that will offer you the highest interest rate. The interest rate is what the bank pays you to thank you for letting them hold on to your money. This is because the bank can use the cash you are depositing in the meantime for other purposes. The bank only needs to give you back your money when you withdrawal it.  *Note: the rule for bank account interest rates is the opposite for credit cards. For credit cards, you want the lowest interest rate possible. But for bank accounts, you want the highest interest rate possible.*

Third, if you are planning to use an ITIN number or other alternative forms of identification,  make sure to find a bank that accepts those alternatives. There\’s actually several reliable national banks with good reputations that do take ITIN numbers. For example, Wells Fargo, Capital One, Chase, and Bank of America are all good options to open a bank account at.

Opening a bank account is a great way to empower yourself and build stability and wealth in the U.S. If you have any questions feel free to leave a comment or send us an email at hello@immigrantfinance.com. We have a lot of other great resources and information at Immigrant Finance like opening credit cards and setting up an emergency fund.

Read our disclaimer here. This article contains general information. We are not providing legal advice to you or representing you in any legal matter. 

Book a free 30 minute consultation here: http://immigrantfinance.com/consult 


IMMIGRANT FINANCE SCHOOL
A wealth building program for immigrant families covering money management, investing, and increasing income
APPLY HERE

75 thoughts on “How Immigrants Can Open Bank Accounts in the U.S.”

  1. It’s really very difficult in this active life to listen news on TV, thus I only use the web for that purpose, and take the most recent information.

  2. Я не получаю то, что хочу. Не хватает мотивации на регулярные занятия.

    Мои цели сбываются у других людей.

    Продолжу с интересом читать

  3. Online Bahis Şirketi: Bahis Tutkunlarının Gözdesi

    Günümüzde internetin hızlı gelişimi, bahis tutkunları için büyük bir fırsat sunmuştur. Artık bahis yapmak için fiziksel bir bahis bürosuna gitmek gerekmiyor; çünkü online bahis şirketleri, bahis severlere evlerinin rahatlığında ve http://1-xbettr.top bir cihazdan erişebilecekleri birçok fırsat sunuyor. “Online Bahis Şirketi” terimi, çevrimiçi bahis dünyasının merkezinde bulunan ve çeşitli spor etkinliklerine ve oyunlara bahis yapma imkanı sunan çevrimiçi platformları tanımlar.

    Online bahis şirketleri, bahis tutkunlarına sundukları geniş yelpazeyle dikkat çeker. Futbol, basketbol, tenis, at yarışları gibi birçok farklı spor dalına bahis yapma olanağı sunarlar. Ayrıca, canlı bahis seçenekleriyle, maçlar sırasında bahis yapma imkanı sunarlar. Bu, bahisçilere heyecanlı bir deneyim yaşatırken, anlık kararlar alarak bahislerini şekillendirmelerine olanak tanır.

    Online bahis şirketlerinin cazibesi, sadece spor bahisleriyle sınırlı değildir. Casino oyunları, poker, rulet, blackjack gibi klasik kumar oyunlarına da erişim sağlarlar. Bu, bahisçilere çeşitli oyun seçenekleri sunarak farklı zevklere hitap etmelerini sağlar.

    Bu tür bir bahis şirketinin diğer avantajları arasında kolay ödeme seçenekleri, bonuslar, promosyonlar ve sadakat programları bulunur. Bahis severlere ekstra kazanç fırsatları sunarak müşteri memnuniyetini artırırlar. Ayrıca, çevrimiçi bahis siteleri genellikle 7/24 müşteri desteği sunarlar, böylece kullanıcılar herhangi bir sorunla karşılaştıklarında yardım alabilirler.

    Ancak, online bahis dünyasında oynamadan önce dikkate alınması gereken bazı önemli noktalar bulunur. Öncelikle, güvenilir bir bahis şirketi seçmek önemlidir. Lisanslı ve düzenlenmiş bir şirket seçmek, güvenlik ve adalet konularında önemli bir adımdır. Ayrıca, bahis yapmadan önce bütçenizi kontrol etmek ve sorumlu bir şekilde bahis yapmak önemlidir.

    Sonuç olarak, “Online Bahis Şirketi” terimi, günümüzde bahis tutkunlarının tercih ettiği bir eğlence ve kazanç kaynağı haline gelmiştir. Geniş oyun seçenekleri, bonuslar ve kolay erişim gibi avantajlar, online bahis şirketlerini cazip kılar. Ancak bahis yaparken dikkatli olmak ve sorumlu bir şekilde oynamak her zaman önemlidir. İnternet üzerinden bahis yapmak isteyenler için, güvenilir bir online bahis şirketi seçmek en iyi başlangıçtır.

  4. A motivating discussion is worth comment. I
    do think that you ought to publish more on this issue, it may not be a taboo matter but generally folks
    don’t speak about such topics. To the next!

    Cheers!!

  5. If some one needs to be updated with latest technologies then he
    must be pay a visit this web site and be up to date everyday.

  6. I’m extremely inspired along with your writing abilities and also with the layout in your weblog.
    Is that this a paid theme or did you customize it your self?

    Either way keep up the nice quality writing,
    it’s uncommon to look a great weblog like this one today..

  7. What’s Going down i’m new to this, I stumbled upon this I have found It absolutely useful and it has aided me out loads.
    I’m hoping to give a contribution & help different users
    like its helped me. Great job.

  8. My programmer is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using Movable-type on various websites for
    about a year and am worried about switching
    to another platform. I have heard fantastic things about blogengine.net.
    Is there a way I can transfer all my wordpress content into it?
    Any help would be really appreciated!

  9. What’s up, for all time i used to check website posts here
    early in the break of day, as i enjoy to find out
    more and more.

  10. With havin so much content and articles do you ever run into any issues
    of plagorism or copyright infringement? My site has a lot
    of unique content I’ve either authored myself or outsourced
    but it looks like a lot of it is popping it up all over the
    web without my agreement. Do you know any solutions to help reduce content from being
    stolen? I’d truly appreciate it.

  11. What’s up to every one, for the reason that I am truly keen of reading this web site’s post to be updated
    daily. It includes fastidious material.

  12. Write more, thats all I have to say. Literally, it
    seems as though you relied on the video to make your point.
    You obviously know what youre talking about, why throw away your
    intelligence on just posting videos to your site when you could be giving us
    something informative to read?

  13. Hi! Do you use Twitter? I’d like to follow you if that would be okay.
    I’m undoubtedly enjoying your blog and look forward to new updates.

  14. В нашем https://ruseriya.ru/12130-more-solnce-sklifosovskij-1-sezon.html кинотеатре вы найдете лучшие русские сериалы, доступные для просмотра онлайн бесплатно и в отличном качестве. Наша коллекция включает в себя новинки последних трех лет: 2021, 2022 и 2023, а также классические сериалы, завоевавшие сердца зрителей. Мы предлагаем широкий выбор жанров: от драмы и комедии до боевиков и мелодрам, чтобы каждый смог найти что-то по своему вкусу.

    Каждый год русская кинематография радует нас все более качественными и увлекательными сериалами, и мы делаем все возможное, чтобы вы могли насладиться этими шедеврами в удобное для вас время. Наш сайт регулярно обновляется, предоставляя доступ к самым свежим и актуальным сериалам. Также здесь вы найдете и популярные турецкие сериалы на русском языке.

    Мы стремимся к тому, чтобы наши посетители получали максимум удовольствия от просмотра. Поэтому качество изображения и звука всегда на высоте. Погрузитесь в мир русских сериалов вместе с нами и наслаждайтесь просмотром в любое время!

  15. В поисках захватывающего сериала? Добро пожаловать в наш онлайн-кинотеатр, где собраны лучшие русские сериалы, доступные для просмотра https://ruseriya.ru/9185-prokurorskaja-proverka-4-sezon.html бесплатно и в высоком качестве. Наш сайт — это место, где каждый найдет что-то для себя: от драм и комедий до боевиков и исторических эпопей. Мы предлагаем широкий выбор сериалов на русском языке, включая самые свежие новинки 2021, 2022 и 2023 годов.

    Наши посетители могут наслаждаться не только российскими сериалами, но и популярными турецкими драмами. Мы тщательно отбираем контент, чтобы удовлетворить вкусы самой разнообразной аудитории. Наша коллекция постоянно пополняется, чтобы вы всегда могли быть в курсе последних трендов и не пропустить ни одного интересного сериала.

    Погрузитесь в мир качественных русских сериалов вместе с нами. Уютные вечера за просмотром увлекательных историй ждут вас на нашем сайте. Не упустите шанс открыть для себя мир русского кинематографа во всем его многообразии!

  16. В поисках увлекательного сериала, вы оказались на нашем сайте, и это лучшее, что могло с вами произойти! Здесь вы найдете широкий выбор лучших русских сериалов, доступных для https://ruseriya.ru/7540-shahta-1-sezon.html просмотра абсолютно бесплатно и в высоком качестве. Мы тщательно отбираем контент, чтобы удовлетворить запросы даже самых взыскательных киноманов.

    Наш ассортимент включает в себя новинки русскиого кино 2021, 2022 и 2023 годов, а также проверенные временем хиты. Любите ли вы драмы, комедии, боевики или триллеры – у нас есть всё! Не упустите возможность насладиться лучшими русскими сериалами последних лет, а также открыть для себя турецкие сериалы, покорившие сердца миллионов.

    Мы регулярно обновляем нашу коллекцию, следя за кинематографическими трендами и предпочтениями наших зрителей. Проведите время с удовольствием, выбирая сериалы на нашем сайте, где качество и разнообразие жанров гарантированы. Наслаждайтесь просмотром!

  17. В нашем онлайн кинотеатре вы найдете лучшие русские сериалы, доступные для просмотра онлайн бесплатно и в отличном качестве. Наша коллекция включает в себя новинки последних трех лет: 2021, 2022 и 2023, а также классические сериалы, завоевавшие сердца зрителей. Мы предлагаем широкий выбор жанров: от драмы и комедии до боевиков и мелодрам, чтобы каждый смог найти что-то по своему вкусу.

    Каждый год русская кинематография радует нас все более качественными и увлекательными сериалами, и мы делаем https://ruseriya.ru/10949-lesnik-4-sezon.html возможное, чтобы вы могли насладиться этими шедеврами в удобное для вас время. Наш сайт регулярно обновляется, предоставляя доступ к самым свежим и актуальным сериалам. Также здесь вы найдете и популярные турецкие сериалы на русском языке.

    Мы стремимся к тому, чтобы наши посетители получали максимум удовольствия от просмотра. Поэтому качество изображения и звука всегда на высоте. Погрузитесь в мир русских сериалов вместе с нами и наслаждайтесь просмотром в любое время!

  18. Thank you, I’ve just been looking for information about this topic for a while and yours is the best I have found out so far. But, what concerning the bottom line? Are you certain in regards to the source?

    My blog post; https://livegamevavada.webgarden.com/

  19. Do you have a spam issue on this web site; I also am a blogger, and I was curious about your situation; we’ve developed some nice methods and we are looking to exchange methods with others, why not shoot me an e-mail if interested.

    Here is my homepage :: http://Adtgamer.com.br/showthread.php?p=442771

  20. Hello very remarkable blog!! Fellow .. Fantastic .. Astounding .. I will bookmark your blog and take the feeds additionally�I’m contented to notice so numerous advantageous facts present in the post, we’d similar to expand additional tactics on this regard, thank you for distribution.

    Here is my web page – http://forum.soundspeed.ru/member.php?625624-Igorjfu

  21. I’ve been surfing on-line greater than three hours as of late, but I by no means found any interesting article like yours. It is beautiful price sufficient for me. In my view, if all web owners and bloggers made excellent content material as you probably did, the web will be a lot more useful than ever before.

    Feel free to surf to my web page – http://Forum.soundspeed.ru/member.php?626238-Igorbdm

Leave a Comment

Your email address will not be published. Required fields are marked *

Shopping Cart