Want to open a bank account without an SSN? If you’ve just arrived in the US and need a bank account but don’t have a Social Security Number (SSN), you’re not alone; and yes, it is possible.
Whether you’re an international student, an expat on a temporary visa, or someone just trying to get started, not having an SSN can feel like a big roadblock. But don’t worry, there are workarounds.
In this article, we’ll show you how to open a bank account without an SSN and explore the best alternatives for managing your money in USD. Let’s dive in.
Table of Contents
Key Takeaways:
- It’s possible to open a US bank account without an SSN, as long as you have an ITIN or acceptable identification.
- Big banks like Bank of America and Wells Fargo often help foreigners open accounts without SSNs.
- Getting an ITIN is a good backup if you don’t qualify for an SSN.
- Online money platforms like DSGPay and Wise let you hold and use USD without needing an SSN.
- Always check with the bank first and bring all your documents to make the process easier.
Can You Open a US Bank Account Without an SSN?
In short: yes, but it depends on the bank.
Some US banks do let non-residents, expats, and international students open a bank account without an SSN, especially if you have an ITIN (Individual Taxpayer Identification Number). Others might accept a passport and secondary ID, especially at branches near universities or cities with a large expat population.
Still, some banks might say no flat-out. It varies wildly, so it’s best to come prepared with multiple forms of ID and do your homework ahead of time.
Opening a Bank Account with an ITIN: Your Best Backup
Don’t have an SSN? You can still open a US bank account using an ITIN.
The ITIN is a tax processing number from the IRS, mainly for those who aren’t eligible for an SSN. Many major US banks, like Chase, Bank of America, and Wells Fargo, will accept an ITIN in place of an SSN when opening an account. You’ll likely also need:
- A valid passport
- Another form of ID (like a foreign driver’s license or visa)
- Proof of address (could be a lease, utility bill, or even a university letter)
Pro tip: Having an ITIN also opens up other doors, like applying for a credit card or building credit in the US.
How to Get an ITIN
Follow these steps to obtain an ITIN
- Fill Out Form W-7: Use the official IRS Form W-7 to apply for your ITIN.
- Attach a Tax Return: Unless you meet a specific exception, you’ll need to submit a completed U.S. federal tax return with your application.
- Provide Identification: Include original documents or certified copies that prove both your identity and your foreign status. A valid passport works on its own, but other combinations may be acceptable if one includes your photo.
- Submit the Application: Submit the Application by choosing one of the following methods:
- Mail everything to the IRS
- Visit a Taxpayer Assistance Centre in person
- Work with an IRS-approved Certifying Acceptance Agent
ITIN Application Processing Time
Once you’ve submitted your completed Form W-7 and supporting documents, the IRS usually processes ITIN applications:
- Usually processes within 7 weeks.
- During peak tax season (January-April), or if you applied from abroad, it may take up to 11 weeks.
Banks That Let You Open a Bank Account Without an SSN
If you’re trying to open a bank account without an SSN, some banks are more accommodating than others, especially if you have an ITIN, passport, and supporting documents.
Here are several banks known for helping non-residents, expats, and international students get started:
1. Bank of America
Bank of America is one of the most SSN-friendly banks for foreigners. They accept ITINs and foreign passports, and their branches in major cities are familiar with assisting international newcomers.
Pros:
- Access to U.S. banking and online services
- Easier payments and transfers in the U.S.
- Chance to build U.S. credit history
Cons:
- More complex application process
- Potentially higher fees, especially for international use
2. Wells Fargo
A popular choice for international students, Wells Fargo often accepts ITINs and student visas. Their staff are trained to guide you through the process if you’re trying to open a bank account without an SSN while enrolled at a US school.
Pros:
- Large branch network for easy in-person banking
- Accepts ITIN and a valid foreign passport for account opening
- User-friendly mobile and online banking tools
- Offers various account types and occasional sign-up bonuses
Cons:
- Must open an account in person without an SSN
- Lower interest rates on savings and checking accounts
- Monthly service and overdraft fees may apply
- Limited investment options for non-U.S. residents
3. Chase
Known for its wide branch network and digital banking tools, Chase accepts ITINs along with proper ID, like a passport or visa. Requirements vary slightly by location, so always check ahead.
Pros:
- Supports international wire transfers, helpful for expats and non-residents
- Extensive ATM network for convenient cash access
- 24/7 online and mobile banking for account management
- FDIC-insured accounts with strong security features like fraud monitoring
Cons:
- Some accounts come with monthly maintenance fees
- Non-residents typically must visit a branch to open an account
- Savings accounts generally offer low interest rates
- Less flexible compared to online-only or digital banks
4. Citibank
If you already bank with Citibank abroad, they make it much easier to open a US account, even without an SSN. Their global presence and expat-friendly services make them ideal for international clients.
Pros:
- Strong global network for travellers and international business
- Multi-currency accounts ease cross-border transactions
- Reliable international and telegraphic transfers
- Fee waivers are possible with high minimum balances
Cons:
- Complex account setup, often needing in-person visits
- High minimum balances to avoid fees
- Foreign transaction fees and less competitive exchange rates
- Limited online account opening; an ITIN may be needed for non-US residents
5. HSBC USA
Tailored for international banking, HSBC offers multi-currency accounts and global support. You can often open a US bank account using foreign documentation, especially if you’re part of their Global View and Global Transfers program.
Pros:
- Multi-currency accounts with easy global money management and transfers
- Convenient payment options and financial advice access
- Strong international banking expertise and presence
- Ability to open overseas accounts before moving
Cons:
- Higher fees and minimum balances, especially for international accounts
- Possible tax implications in home and host countries
- Some accounts restrict standing orders or external transfers
- Mostly aimed at higher earners with high deposit needs
Required Documents to Open a Bank Account Without an SSN
Pro Tip: Policies vary by branch and location. Always call ahead or walk into a physical branch with your documents to confirm they’ll let you open a bank account without an SSN.
Alternative Options for Opening Accounts Without an SSN
If you’re trying to open a bank account without an SSN, digital financial platforms can be your best bet. These online services are ideal for expats, freelancers, and international students who need to manage money in USD, without the usual red tape.
1. Wise
Wise is well-known for its multi-currency accounts, allowing you to hold, send, and receive money in different currencies with very low fees and some of the best exchange rates available. It’s perfect if you deal with international payments frequently.
Pros:
- Multi-currency accounts
- Low fees
- Competitive exchange rates
- Ideal for frequent international payments
Cons:
- Limited traditional banking services, like loans or credit
2. Revolut
It offers a user-friendly platform where you can open international accounts, including USD balances. It also comes with handy features like currency exchange and spending abroad without extra charges, which is ideal for travellers and expats.
Pros:
- User-friendly platform
- Supports international USD accounts
- Fee-free currency exchange
- Great for travellers and expats
Cons:
- Some features require premium plans
- Few or no physical branches
3. Payoneer
Payoneer is especially popular among freelancers and remote workers who get paid in USD by clients around the world. It simplifies receiving international payments and accessing your funds quickly.
Pros:
- Simplifies receiving international payments
- Popular among freelancers
- Quick fund access
Cons:
- Transaction fees can accumulate
- Less suitable for daily banking
While these platforms aren’t full-service banks and might lack some traditional banking features like loans or physical branches, they cover all the basics you need to manage your finances: holding funds, making payments, and receiving money in USD.
DSGPay: Alternatives to U.S. Bank Accounts for Managing USD
If you’re looking for a flexible way to manage USD (and other currencies), DSGPay is a smart alternative.
DSGPay allows non-U.S. residents to open a USD virtual account without an SSN, ITIN, proof of U.S. address, or even visiting a physical bank branch. It is designed for international users who need access to USD for work, business, or everyday payments.
Whether you’re a student studying abroad, a freelancer working with U.S. clients, or an expat managing global payments, DSGPay provides an easy, online way to send, receive, and hold money in USD.
With DSGPay USD Virtual Account, you can:
- Open a USD Virtual Account in Your Name: Get a named virtual account that works like a local U.S. account, ideal for client payments, payroll, or platform withdrawals.
- No SSN or ITIN Required: Sign up easily using your passport and basic ID documents, no U.S. tax ID or residency needed.
- Support 30+ Currencies: Manage USD, EUR, GBP, and other currencies within a single account.
- Competitive FX Rates: Save money on every transaction with favourable FX rates.
- Fully Online Onboarding: Open your account completely online, no need to visit a bank branch or deal with paperwork.
- Mobile App Access: Open and manage your account from anywhere in the world with DSGPay’s user-friendly mobile app.
So if you’re looking for a way to manage USD without going through the traditional U.S. banking process, DSGPay offers a practical alternative for 2025 and beyond.
Final Thoughts
Opening a bank account in the US without an SSN is possible, but it takes a little extra effort.
If you’re armed with an ITIN and the right documents, many banks will work with you. If not, a digital alternative like DSGPay is reliable, fast, and built with flexibility in mind.
The key is to plan, know your options, and don’t be afraid to ask questions at the bank. The US banking system might not always be the easiest to navigate, but with a bit of prep, you’ve got this.
