How to Open a Bank Account Without a Social Security Number (SSN)?

You can easily conduct regular financial transactions with the help of a bank account. With your bank debit card, you can make deposits, withdrawals, and online and offline purchases. Undoubtedly, having a bank account will simplify your financial life; however, you might be unsure about opening one without a Social Security number.

Is it possible to open a bank account without an SSN?

Can I open a bank account without providing my SSN, then? Yes, that is the response. If you don't have a Social Security card or number, you can still open a bank account in the United States. Although each bank has its own requirements, some will accept an ITIN (individual tax identification number) in its place.?

What documents are required to open a bank account?

Here is the list of documents you need to open a bank account:?

• A government-issued ID can be any form, including a passport, driver's license, and state-issued identification card. Ensure your government-issued card is ready when you open an account, whether online or in person, so that the bank can check it.?

• A tax identification number: Social Security, ITIN, and employer identification number (EIN) are just a few examples of the various tax identification numbers. A Social Security number is issued to citizens of the United States either at birth or upon obtaining full citizenship. You can apply for an ITIN through the IRS if you're not a citizen of the United States. Your financial institution might ask for your EIN when you open a business bank account; you can also obtain your EIN from the IRS.

Additionally, Cheqly is proudly partnered with Incparadise, which provides assistance with the EIN application process and ensures quick processing.

• Details about the address: Proof of address is sometimes required by banks, particularly if it isn't on your official identification document. However, you can find it in the rental agreement or any other document.

Does the bank require me to present my Social Security card?

A bank requesting a copy of your Social Security card is not common. Typically, supplying your ITIN or Social Security number satisfies the criteria for identity verification. The bank will use the number provided to verify your identity via public databases, consumer reporting agencies, and other sources.

Suppose the bank does ask to see your Social Security card, and you don't have one. In that case, you can ask your financial institution for alternate forms of identity verification or request a replacement from the Social Security Administration.??

What are the Steps to Opening a Bank Account without a Social Security card?

Certain financial institutions still allow you to open a U.S. bank account even if you don't have a Social Security number or card. Here are the actions that you must take.

Step 1: Choose the Type of Bank Account You'd Like

There are numerous options for bank accounts. The majority of people open a savings account and a personal checking account.

A savings account is meant to help you save money for a rainy day, whereas a checking account is meant to help you get paid and make payments.

You might also wish to open a business bank account if you own an LLC or small business.

You can earn interest on the money in your account by opening competitively rated certificates of deposit (CDs), online savings accounts, and certain checking accounts.

Step 2: Recognize the Identity Documents You Own

While some banks do not require SSNs, they will still request some sort of identity. Make a list of every document and identity card you own, and ensure it is current and easily accessible.

You'll be able to reduce the number of banks on your list by doing this.

Step 3: Check your bank's requirements to open an account

After deciding which kinds of bank accounts you require, compare which banks will accept your existing documentation and provide the desired accounts.

Consider the costs and amenities, such as the availability of credit and debit cards, online banking, and ATM access.

Step 4: Select a Bank and Make your first deposit

Depending on your situation, the bank may require you to visit a branch or let you open an account online. Provide your information, such as your name, date of birth, address, and ID, and once your account is created, make your first deposit.

5. Ordering debit cards or checks

You might want to order a set of personalized checks if you're opening a personal or business checking account. You can order checks online from different companies, or some banks will provide them for a small fee.

Certain banks provide you with a debit card when they open a new account. If not, your financial institution can provide you with one upon request. After opening an account, most debit cards arrive in two weeks, but check your bank's policies.

Do you need a Social Security card to open a bank account?

So, is a Social Security card required to open a bank account? It varies. If you have an ITIN or EIN, some banks will let you open an account without requiring your SSN. Find a bank that will take your ITIN or EIN instead of your SSN if you don't have one.

Opening a Cheqly account today can help your small business make easy, safe, and secure transactions. Sign up for a Cheqly account today!