Opening a bank account in the United States is a major step for anyone who wants to do business, study, work, or invest in the U.S. Even if you are not a U.S. citizen or permanent resident, you can still open a U.S. bank account online in 2025 — thanks to digital banking, fintech platforms, and global financial partnerships.
This guide explains how to open a U.S. bank account as a non-resident, the documents you’ll need, the best banks offering remote account openings, and practical tips for managing your account from abroad.
Why Open a U.S. Bank Account as a Non-Resident
Having a U.S. bank account provides several advantages, especially if you deal with international transactions, study in the United States, or manage clients and business partners in the country.
Key Benefits
- Easy International Payments
Send and receive USD payments directly without high conversion fees. - Access to U.S. Digital Platforms
Many American online services, such as Amazon, PayPal, Stripe, and Apple Pay, require a valid U.S. bank account. - Lower Transaction Costs
Avoid high foreign exchange charges by maintaining a balance in U.S. dollars. - Improved Credibility
A U.S. bank account adds legitimacy to your business operations and online ventures. - Better Financial Opportunities
You can access U.S. investment platforms, credit cards, and loan services in the future.
Types of Bank Accounts in the U.S.
Before opening an account, it’s essential to understand the two main types of bank accounts available.
1. Checking Account
- Used for daily transactions such as deposits, withdrawals, and payments.
- Comes with a debit card and online banking access.
- May offer features like direct deposit and bill pay.
2. Savings Account
- Designed for saving money and earning interest.
- Usually has withdrawal limits per month.
- Ideal for holding funds long-term or building an emergency reserve.
For most non-residents, starting with a checking account is recommended, as it allows greater flexibility for online payments and business transactions.
Can a Non-Resident Open a U.S. Bank Account?
Yes, non-residents can open U.S. bank accounts, both in person and online. However, not all banks allow remote applications, and requirements differ between traditional banks and online fintech providers.
In 2025, several banks and fintechs have adapted their verification systems to allow international users to open U.S. accounts remotely using digital KYC (Know Your Customer) processes.
Documents Required to Open a U.S. Bank Account Online
The exact documents depend on the bank, but generally, you’ll need:
- Valid Passport (primary identification document)
- Secondary ID such as national ID card or driver’s license (optional but useful)
- Proof of Address (can be your home country address or U.S. mailing address)
- Tax Identification Number (TIN) or ITIN if available
- Visa or Immigration Document (for students or temporary workers)
- Bank Reference or Utility Bill (sometimes required for verification)
Some fintechs also allow verification through selfie and video KYC instead of in-person interviews.
Top Banks That Allow Non-Residents to Open Accounts Online (2025)
1. Wise (formerly TransferWise) Multi-Currency Account
Best For: Freelancers, remote workers, and international businesses.
- Lets you hold and send money in over 40 currencies.
- Offers U.S. bank account details (account and routing number).
- Entirely online registration.
- No minimum balance or monthly fee.
Pros: Fast setup, low international transfer fees.
Cons: Not a full U.S. bank (no lending services).
2. Payoneer
Best For: Online sellers, digital marketers, and freelancers.
- Provides a U.S. receiving account in your name.
- Works with Amazon, Upwork, Fiverr, and eBay.
- Can withdraw funds to your local bank in over 150 countries.
- Quick digital verification process.
Pros: Great for global e-commerce and digital businesses.
Cons: Limited features compared to full U.S. bank accounts.
3. Mercury Bank
Best For: Startups and tech businesses.
- Designed specifically for U.S. and international business owners.
- Fully digital setup; no SSN or ITIN required for many applicants.
- Includes checking, savings, and virtual debit cards.
- Integrates with Stripe, Shopify, and QuickBooks.
Pros: Tailored for entrepreneurs; user-friendly dashboard.
Cons: Some high-risk industries not supported.
4. Chase Bank (for in-person or hybrid applications)
Best For: Long-term residents, students, or frequent travelers.
- Requires in-person visit to verify documents.
- Offers multiple checking and savings account types.
- Compatible with Zelle, Venmo, and U.S. payment systems.
Pros: Reliable banking network; physical branches across the U.S.
Cons: Cannot be fully opened online for non-residents.
5. Revolut
Best For: Global users needing access to U.S. and international currencies.
- Offers U.S. account details to many countries.
- Multi-currency management and instant transfers.
- Works via mobile app with digital KYC verification.
Pros: Fast onboarding; modern app interface.
Cons: May have country restrictions based on your residence.
Step-by-Step Process to Open a U.S. Bank Account Online as a Non-Resident
Step 1: Choose the Right Bank or Fintech
Decide whether you need a personal or business account.
- For individuals → Wise, Revolut, or Payoneer.
- For businesses → Mercury or Payoneer Business.
Step 2: Complete the Online Application
Visit the official website and select “Open Account” or “Get Started.”
Fill in:
- Name
- Country of residence
- Email and phone number
- Business details (if applicable)
Step 3: Upload Identification Documents
Provide a scan or photo of your passport and proof of address. Some banks ask for additional ID like a national card or driver’s license.
Step 4: Verify Your Identity
Some platforms require a live selfie or video call to confirm your identity. This is a standard anti-fraud measure in the U.S. banking system.
Step 5: Fund Your Account
Deposit money via:
- International bank transfer
- Debit/credit card payment
- Digital payment platform (Wise, PayPal, etc.)
Step 6: Start Using Your Account
Once approved, you’ll receive:
- Account number
- Routing number (ABA)
- Debit card (physical or virtual)
- Online banking access
You can now make payments, receive transfers, and pay bills directly in U.S. dollars.
U.S. Banks That Offer ITIN-Based Accounts
If you do not have a Social Security Number (SSN), you can still open a bank account with an Individual Taxpayer Identification Number (ITIN).
Banks Accepting ITINs
- Bank of America
- Chase Bank
- Wells Fargo
- TD Bank
- Capital One
These institutions typically require in-person visits, but once you have an ITIN, the process becomes much smoother.
Best Online-Only U.S. Banks for 2025
| Bank Name | Ideal For | Account Type | Application Type | Monthly Fee |
|---|---|---|---|---|
| Wise | Global users | Personal/Business | 100% Online | $0 |
| Payoneer | Freelancers, Sellers | Business | 100% Online | $0 |
| Mercury | Startups | Business | 100% Online | $0 |
| Revolut | Travelers | Personal | 100% Online | $0 |
| Chase | Students/Residents | Personal | In-person | Varies |
U.S. Banking Regulations for Non-Residents
Non-resident account holders must comply with U.S. financial regulations, especially concerning anti-money laundering (AML) and tax transparency.
Key Compliance Areas
- KYC Verification – Identity verification via government IDs.
- FATCA Reporting – U.S. law requiring disclosure of foreign financial assets.
- OFAC Screening – Ensures applicants are not from sanctioned countries.
Failure to comply with these regulations may lead to account closure or transaction limits.
Common Challenges Non-Residents Face
- Lack of SSN/ITIN – Many banks prefer applicants with tax identification numbers.
- Address Requirements – Some banks require a valid U.S. mailing address.
- Limited Access to Credit Cards – Most issuers demand a U.S. credit history.
- Transaction Restrictions – Large transfers may require additional verification.
- Currency Conversion Costs – International transfers may incur FX fees.
How to Get an ITIN (If You Don’t Have an SSN)
If you plan to stay in the U.S. or conduct frequent transactions, applying for an ITIN is beneficial.
Steps to Apply
- Fill out IRS Form W-7.
- Attach proof of identity (passport or visa).
- Submit via IRS-approved agents or mail.
- Processing usually takes 6–8 weeks.
Once issued, you can use your ITIN for tax filings, banking, and financial applications.
Tips for Managing Your U.S. Bank Account from Abroad
- Activate Two-Factor Authentication (2FA)
Always enable security verification for online logins. - Monitor Transactions Regularly
Use mobile banking apps to track deposits, withdrawals, and currency conversions. - Avoid Idle Accounts
Some banks may close inactive accounts; make at least one transaction every few months. - Use Low-Fee Transfer Services
For funding or withdrawals, use Wise, Payoneer, or Revolut to avoid high SWIFT fees. - Maintain a Positive Balance
Avoid overdrafts or negative balances to prevent account penalties.
Comparison: Fintech vs. Traditional U.S. Banks
| Feature | Fintech Banks (Wise, Revolut) | Traditional Banks (Chase, Wells Fargo) |
|---|---|---|
| Account Opening | 100% online | Often requires in-person visit |
| Approval Time | 1–3 days | 7–14 days |
| Minimum Deposit | None | $25–$100 |
| Global Transfers | Instant, low fee | Slower, expensive |
| Credit Services | Limited | Full (loans, mortgages) |
| Ideal Users | Freelancers, global workers | Residents, students |
Frequently Asked Questions (FAQ)
1. Can I open a U.S. bank account without visiting the U.S.?
Yes. Fintech banks like Wise, Revolut, and Mercury allow full online account setup from most countries.
2. Do I need a U.S. address?
Some banks accept foreign addresses; others may require a virtual mailing address in the U.S.
3. Can I receive payments from U.S. clients?
Yes. With your U.S. account number and routing number, clients can pay you via ACH transfer.
4. What currency will my account hold?
Most accounts are denominated in U.S. dollars (USD), but multi-currency accounts are also available.
5. Will I be taxed in the U.S.?
Only if you earn income from U.S. sources. Consult a tax advisor for guidance.
Conclusion
Opening a U.S. bank account online as a non-resident in 2025 is easier than ever before. Fintech companies and modern banking regulations have made the process seamless and fully digital. Whether you are a freelancer, entrepreneur, or student, a U.S. account provides global payment access, better currency management, and enhanced business credibility.