Can I open a bank account with an ITIN and no SSN?

Yes. All 10 banks listed on this page accept an ITIN as a valid tax identification number in place of an SSN. You also need a valid passport or government-issued ID, proof of address (utility bill or bank statement from your home country), and in some cases a minimum opening deposit ranging from $0 to $25.

What is the best bank for ITIN holders in 2026?

The best bank depends on your needs. For traditional banking with branch access, Chase offers 4,700+ locations and a $0 minimum with fee waivers. For online business banking, Mercury offers $0 fees and up to $5M FDIC insurance. For international transfers, Wise provides mid-market exchange rates in 40+ currencies at 0.3% to 1.5% fees.

Do I need to visit a branch to open an ITIN bank account?

It depends on the bank. Chase, Bank of America, Wells Fargo, Capital One, Citibank, TD Bank, and US Bank require in-person branch visits with your ITIN letter and passport. Mercury, Relay, and Wise allow fully online applications from any country with no branch visit required.

What fees do banks charge ITIN holders?

Monthly fees range from $0 (Mercury, Relay, Wise) to $12-$25 at traditional banks. Most traditional banks waive monthly fees if you maintain a minimum balance ($300-$1,500) or set up direct deposit. Mercury and Relay charge $0 with no minimum balance. Wise charges $0 monthly but takes a 0.3% to 1.5% fee on currency conversions.

Can ITIN holders get debit cards?

Yes. All 10 banks issue debit cards to ITIN account holders. Traditional banks issue Visa or Mastercard debit cards linked to your checking account. Mercury provides free physical and unlimited virtual Visa debit cards. Wise issues a multi-currency debit card that spends from your balance in 40+ currencies at the mid-market rate.

Can I open a business bank account with an ITIN?

Yes. Mercury and Relay specialize in ITIN business banking. You need a US-registered LLC or corporation, an EIN from the IRS, and your ITIN. Mercury charges $0 monthly fees and offers up to $5M FDIC insurance. Relay offers up to 20 separate checking accounts for profit-first budgeting. Both accept applications from 150+ countries.

Is my money FDIC insured at an ITIN bank account?

FDIC insurance applies to ITIN holders the same as SSN holders. Traditional banks (Chase, BofA, Wells Fargo, etc.) provide standard $250,000 FDIC coverage per depositor. Mercury provides up to $5 million through its sweep network. Relay provides $250,000. Wise is not FDIC insured but holds funds in regulated accounts.

Can I get a credit card with an ITIN bank account?

Yes. Several banks offer credit cards to ITIN holders. Capital One offers the Platinum Secured card with a $49-$200 deposit and no annual fee. OpenSky offers a secured card with no credit check and a $200 minimum deposit. Discover offers a secured card with a $200 deposit and cashback rewards. See our ITIN credit cards comparison for details.

Updated April 2026

ITIN Banking Guide 2026: Best Banks That Accept ITIN Numbers

Q: Can ITIN holders get mortgages through these banks?

Some banks offer ITIN mortgages directly. Quontic Bank, New American Funding, and Citadel Servicing specialize in ITIN mortgage lending with rates starting at 7.5% to 9.5% APR and 15% to 25% down payment requirements. Traditional banks like Chase and BofA do not currently offer ITIN mortgages. See our ITIN mortgage hub for full details.

Opening a US bank account with an ITIN is possible at 10 major banks in 2026. Monthly fees range from $0 to $25. Some banks require in-person visits while others are 100% online. This hub page covers every bank that accepts ITIN holders, compares their fees and features, and links to detailed guides for each institution. Whether you need a personal checking account, a business banking setup, or a credit card, this guide helps you choose the right bank for your situation.

How Do All 10 ITIN-Friendly Banks Compare on Fees and Features?

This table summarizes every bank that accepts ITIN holders in 2026. Fees, minimum balances, FDIC coverage, and online availability are compared side by side.

Bank	Monthly Fee	Min Balance	FDIC	Online Only	Best For
Chase	$12 (waivable)	$1,500 or DD	$250K	No	Branch access
Bank of America	$12 (waivable)	$1,500 or DD	$250K	No	Nationwide branches
Wells Fargo	$10 (waivable)	$500 or DD	$250K	No	Low minimum
Capital One	$0	$0	$250K	Hybrid	No-fee checking
Citibank	$12 (waivable)	$1,500 or DD	$250K	No	International network
TD Bank	$15 (waivable)	$100 or DD	$250K	No	East Coast branches
US Bank	$6.95 (waivable)	$300 or DD	$250K	No	Midwest/West
Mercury	$0	$0	Up to $5M	Yes	Startups/LLCs
Relay	$0	$0	$250K	Yes	Freelancers
Wise	$0	$0	Not FDIC	Yes	International transfers

Which Traditional Banks Accept ITIN Holders?

Seven traditional banks with physical branches accept ITIN holders for personal checking and savings accounts. Each requires an in-person branch visit with your ITIN letter (CP565 or CP567), valid passport, and proof of US address. Here is a summary of each.

Chase Bank

Chase is the largest bank in the US with 4,700+ branches across 48 states. The Chase Total Checking account has a $12 monthly fee waived with $1,500 minimum balance or $500+ direct deposit. Chase offers a strong mobile app, Zelle transfers, and 16,000 ATMs nationwide. ITIN holders receive identical account features. Read the full Chase ITIN guide.

Bank of America

Bank of America operates 3,800+ branches and 15,000+ ATMs. The Advantage SafePass account charges $12/month waived with $1,500 minimum daily balance or qualifying direct deposit. BofA offers Preferred Rewards tiers for higher-balance customers. Their Spanish-language support is available at most branches. Read the full Bank of America ITIN guide.

Wells Fargo

Wells Fargo has 4,500+ branches and accepts ITINs for personal checking. The Everyday Checking account charges $10/month waived with $500 minimum daily balance or $500+ direct deposit. Wells Fargo provides bilingual services and a dedicated international banking team. Read the full Wells Fargo ITIN guide.

Capital One

Capital One offers the 360 Checking account with $0 monthly fees, $0 minimum balance, and no overdraft fees. Capital One has fewer branches (approximately 270 cafes and branches) but offers a strong online platform. ITIN holders can also apply for the Capital One Platinum Secured credit card. Read the full Capital One ITIN guide.

Citibank

Citibank operates in 19 countries, making it valuable for ITIN holders who travel internationally. The Basic Banking account charges $12/month waived with a $1,500 minimum balance. Citi offers global ATM access and international wire transfer capabilities at competitive rates. Read the full Citibank ITIN guide.

TD Bank

TD Bank operates 1,100+ branches concentrated on the East Coast from Maine to Florida. The Beyond Checking account charges $15/month waived with a $100 minimum balance. TD Bank is known for extended hours (open 7 days a week at most locations) and penny arcade coin counting machines. Read the full TD Bank ITIN guide.

US Bank

US Bank operates 2,200+ branches primarily in the Midwest and Western states. The Easy Checking account charges $6.95/month waived with $300 minimum balance or direct deposit. US Bank offers a user-friendly mobile app and competitive savings rates. Read the full US Bank ITIN guide.

Which Online Banks Accept ITIN Holders for Business Banking?

Three online banking platforms accept ITIN holders with $0 monthly fees and no branch visits required. These are ideal for LLC owners, freelancers, and non-resident entrepreneurs.

Mercury

Mercury is the top choice for ITIN business banking. $0 monthly fees, $0 minimum balance, free domestic ACH and wires, up to $5M FDIC insurance, and unlimited virtual debit cards. Mercury requires a US-registered LLC or corporation and an EIN. Over 100,000 startups use Mercury. Apply online from any country. Read the full Mercury ITIN guide.

Relay

Relay offers $0 monthly fees with up to 20 separate checking accounts for profit-first budgeting. $250K FDIC insurance, automatic percentage-based transfers, and Gusto payroll integration. Relay is ideal for freelancers and small businesses that want to allocate income to taxes, savings, and expenses automatically. Read the full Relay ITIN guide.

Wise

Wise (formerly TransferWise) offers multi-currency accounts in 40+ currencies with mid-market exchange rates. $0 monthly fee. Not FDIC insured but regulated by FinCEN. International transfers cost 0.3% to 1.5% compared to $20-$50 at traditional banks. Wise is the best choice for ITIN holders who receive payments in multiple currencies. Read the full Wise ITIN guide.

Which Bank Comparisons Help You Decide?

Not sure which bank is right for you? These side-by-side comparisons cover fees, features, and recommendations for specific use cases.

Mercury vs Relay for ITIN Holders — $0-fee online business banks compared on FDIC, features, and integrations
Mercury vs Wise for ITIN Holders — Business banking vs multi-currency: when to use each
Chase vs Bank of America for ITIN Holders — Traditional banking comparison: branches, fees, and features

What Other Financial Products Can ITIN Holders Access?

Beyond checking accounts, ITIN holders can access credit cards, mortgages, and loans in 2026. Building credit history with an ITIN is the first step toward better financial products and lower interest rates.

ITIN Credit Cards

Secured credit cards are the most accessible option for ITIN holders. OpenSky requires a $200 minimum deposit with no credit check. Capital One Platinum Secured requires a $49-$200 deposit. Discover it Secured offers 2% cashback at gas stations and restaurants with a $200 deposit. ITIN credit card guide | Compare all ITIN credit cards

ITIN Mortgages

ITIN mortgage lenders offer home loans to non-SSN holders with rates starting at 7.5% to 9.5% APR and 15% to 25% down payment. Quontic Bank, New American Funding, and Citadel Servicing are the top 3 ITIN mortgage lenders in 2026. ITIN mortgage hub | Compare ITIN mortgage lenders

ITIN Loans

Personal and auto loans are available to ITIN holders through select lenders. Interest rates are typically 2-4% higher than SSN holder rates. Building credit history through a secured card for 6-12 months before applying for a loan improves your approval odds and rate. ITIN loans guide | ITIN car loans

How Do You Get an ITIN for Banking Purposes?

You need a valid ITIN before opening any bank account. The IRS issues ITINs through Form W-7 with a processing time of 7-11 weeks. Here are 3 ways to apply:

Use a CAA service (recommended). Certifying Acceptance Agents verify your documents so you keep your original passport. itin.so offers CAA service starting at $297 with 2-10 business day preparation.
Mail Form W-7 to the IRS. Free but you must mail your original passport or certified copies. Processing takes 7-11 weeks. Your passport is held during this time.
Visit an IRS Taxpayer Assistance Center. Free in-person service at IRS offices. Limited availability and long wait times. Bring all original documents.

Learn more about the application process in our complete ITIN application guide or compare DIY vs professional service and CAA vs mail application.

What Other ITIN Resources Are Available?

Explore our complete library of ITIN guides organized by topic:

All ITIN Guides — Master resource page with every guide organized by category
ITIN Tax Hub — Tax filing, forms, deadlines, and treaty information
ITIN Credit Score Guide — How to build credit with an ITIN
What Is an ITIN? — Complete overview for first-time applicants

ITIN Banking: Frequently Asked Questions

10 major banks accept ITIN holders in 2026: Chase, Bank of America, Wells Fargo, Capital One, Citibank, TD Bank, US Bank, Mercury, Relay, and Wise. Chase has 4,700+ branches and requires an in-person visit. Mercury and Relay are fully online with $0 fees. Wise offers multi-currency accounts in 40+ currencies.

Need an ITIN to open your bank account? Apply through itin.so starting at $297 with CAA document certification.

Apply for Your ITIN Today