Whether you’re an individual or a business owner, having a bank account in the U.S. makes managing finances more manageable. While most banks typically require a Social Security Number, some allow non-residents and even particular residents to open bank account without SSN. This blog explains how to do it and explores how company registration in USA, particularly LLC company registration, can help open a business bank account.
How to Open a Bank Account Without SSN?
Even without an SSN, you can still access banking services. Many banks permit non-residents and foreign nationals to open accounts using an Individual Taxpayer Identification Number (ITIN) issued by the IRS and through passports, visas, and other government-issued documents.
4 Steps to Open a Bank Account Without SSN
1. Get an ITIN
An ITIN is an alternative tax identification number for those not qualifying for an SSN. Follow these steps to secure your ITIN:
- Filling out Form W-7 from the IRS.
- Providing identity proof (passport, visa, or other documents)
- Submitting the application via mail, an IRS office, or an authorised agent
2. Choose a Bank That Accepts ITINs
Some banks, like Chase, Wells Fargo, and Bank of America, allow non-SSN account holders if they provide:
- A valid passport or government-issued ID
- Proof of US address (lease, utility bill, etc.)
- An ITIN or visa (varies by bank)
3. Apply Online or In-Person
Some banks allow online applications for non-residents, while others require an in-person visit. Check with the bank in advance to confirm requirements.
4. Initial Deposit in the Bank
Mostly bank require an initial deposit to activate your account depending on account type and bank account.
Company Registration in USA and Business Banking
If you plan to start a business in the United States, opening a business bank account is essential. However, you must complete company registration in the USA without an SSN.
LLC Company Registration and Business Bank Accounts
Opening a U.S. bank account as a non-resident becomes easier with LLC company registration. This type of business setup is popular among foreigners because:
- It does not require US residency
- It provides limited liability protection
- It allows easy access to US banking
Steps for LLC Company Registration:
- Select a unique business name and make sure that it follows state specifications.
- Consider business-friendly states which offer advantages such as lower fees, tax benefits, and flexible regulations.
- Appoint a registered agent that receives legal documents on behalf of your LLC.
- Complete and file the Articles of Organization with your chosen state to officially register your business. After that, apply for an EIN from the IRS, allowing you to set up a business bank account without needing an SSN.
Checklist: Opening a Business Bank Account Without an SSN
- EIN Confirmation Letter from the IRS
- Articles of Organization (proof of LLC registration)
- Operating Agreement (if required by the bank)
- Passport and Proof of Address
Note: Many US banks allow non-residents to open business accounts remotely, especially if you have an EIN.
Conclusion
So, you can open a bank account without an SSN. It is possible with an ITIN or through LLC company registration. For non-U.S. business owners, establishing an LLC can enhance financial credibility and simplify banking. Always review bank policies in advance to ensure a smooth setup. If you need any help regarding company registration in the USA, do contact E-startup India. Our professional team will help you register your company without any hassles.
Moreover, If you want any other guidance relating to LLC Tax filing Returns in USA, USA company compliance or Company Registration in USA, please feel free to talk to our business advisors at 8881-069-069 .
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