Can ITIN holders open a bank account online without visiting a branch?

Yes, but options are limited for personal accounts. Mercury (business banking) allows fully online account opening with an ITIN plus EIN. Relay (business banking) also works online. For personal accounts, most major banks require a branch visit for ITIN holders. Wise (formerly TransferWise) offers a multi-currency account that can be opened online with an ITIN. See our ITIN bank account online guide for details.

What documents do I need to open a bank account with an ITIN?

Most banks require 3 documents: your ITIN assignment letter (CP565 from the IRS), a valid passport or government-issued photo ID, and proof of US address (utility bill, lease agreement, or bank statement). Some banks also require a secondary ID. Bring originals, not copies. If you lost your CP565 letter, see our guide on how to replace it. Some banks accept the ITIN number itself without the letter.

Do ITIN holders get the same bank account features as SSN holders?

Most features are identical: checking, savings, debit cards, online banking, mobile deposits, and bill pay. Key differences: some banks limit credit card eligibility for ITIN holders, certain investment accounts may require an SSN, and some banks restrict wire transfer limits initially. ITIN holders can receive direct deposits, set up ACH transfers, and use Zelle at participating banks. See our ITIN vs SSN for banking comparison.

Can ITIN holders get a credit card from these banks?

Yes, but options are more limited. Capital One, Deserve, and OpenSky offer credit cards to ITIN holders. Secured credit cards (requiring a deposit) are the easiest to get approved for. Chase and Bank of America typically require an existing banking relationship and credit history before approving credit cards for ITIN holders. Start with a secured card, build 6-12 months of history, then apply for unsecured cards.

What is the best bank for ITIN holders who need a business account?

Mercury is the top choice for ITIN holders needing a business bank account. It requires an ITIN plus an EIN (Employer Identification Number) and an LLC or corporation. The account can be opened 100% online with no branch visit. Mercury offers free wire transfers, no monthly fees, and integrates with accounting software. Relay is another strong option. See our ITIN business banking guide for the full comparison.

Are there any banks that specifically cater to ITIN holders?

No major bank specifically markets to ITIN holders, but several community banks and credit unions have programs for immigrant communities. Latino Community Credit Union (LCCU) in North Carolina, Self-Help Federal Credit Union, and Coopera partner credit unions actively serve ITIN holders. These institutions often have multilingual staff and lower minimum balance requirements. National banks like Chase and BofA accept ITINs but do not have dedicated ITIN programs.

Can ITIN holders earn interest on savings accounts?

Yes. ITIN holders earn interest on savings accounts at the same rates as SSN holders. High-yield savings accounts from online banks offer 4% to 5% APY as of 2026. Banks report interest income to the IRS using your ITIN, and you must report it on your tax return. There is no difference in interest rates between ITIN and SSN accounts at any bank. Some banks may withhold 24% backup withholding if they cannot validate your TIN.

What fees do ITIN holders pay for bank accounts?

ITIN holders pay the same fees as SSN holders at every bank. Chase Total Checking has a $12 monthly fee (waivable with $1,500 balance or $500 direct deposit). Bank of America Advantage SafePass has a $4.95 monthly fee (waivable with $500 balance). Capital One 360 Checking has no monthly fee. Mercury business accounts have no monthly fees. There are no additional fees charged because you have an ITIN instead of an SSN.

Can ITIN holders get a mortgage from these banks?

Some banks offer mortgages to ITIN holders, but requirements are stricter. Expect a larger down payment (15% to 25% vs 3% to 5% for SSN holders), higher interest rates (0.5% to 1.5% higher), and requirements for 2+ years of US tax filing history. Banks that offer ITIN mortgages include some local credit unions, community banks, and select national lenders. Having an established banking relationship helps approval odds significantly.

Best Banks for ITIN Holders in 2026: Complete Comparison

Updated April 2026

Direct answer: Chase, Bank of America, Wells Fargo, Capital One, Citibank, and Mercury all accept ITIN holders. Chase and BofA require branch visits. Mercury allows 100% online business banking. Most accounts have the same features and fees as SSN-holder accounts. Below: full comparison of 8 banks, account types, fees, credit card options, and step-by-step opening instructions.

Which Banks Accept ITIN Holders in 2026?

8 banks and financial institutions reliably accept ITIN holders for personal or business accounts. Here is the complete comparison.

Bank	Account Type	Monthly Fee	Open Online?	Credit Cards?
Chase	Personal checking/savings	$12 (waivable)	No, branch visit	After relationship
Bank of America	Personal checking/savings	$4.95 (waivable)	No, branch visit	After relationship
Wells Fargo	Personal checking/savings	$10 (waivable)	No, branch visit	Secured cards available
Capital One	Personal checking/savings	$0	Some accounts online	Yes, secured cards
Citibank	Personal checking/savings	$12 (waivable)	No, branch visit	Limited
Mercury	Business checking/savings	$0	Yes, 100% online	Business cards
Relay	Business checking	$0	Yes, 100% online	No
Wise	Multi-currency account	$0	Yes, 100% online	Debit card only

What Documents Do You Need to Open a Bank Account with an ITIN?

3 documents are required at most banks: your ITIN letter (CP565 notice from the IRS), a valid passport or government-issued photo ID, and proof of US address. Acceptable address proof includes a utility bill, lease agreement, bank statement, or insurance document showing your current US address. Bring originals to the branch. If you lost your CP565, see our guide on replacing your ITIN letter. Some banks accept the ITIN number itself if you can verify it through IRS records.

Which Bank Is Best for Personal Banking with an ITIN?

Chase is the best all-around option for personal banking with an ITIN. It has 4,700+ branches nationwide, a robust mobile app, free ATM network, Zelle support, and a path to credit cards after establishing a banking relationship. The $12 monthly fee is waived with a $1,500 minimum daily balance or $500+ in direct deposits. Bank of America is a close second with its lower $4.95 fee and Preferred Rewards program. Capital One is the best fee-free option with no monthly charges and some online account opening capability.

Need an ITIN to open your bank account?

Apply through itin.so. Standard: $297 with 7-10 day preparation. Express: $297 with 2-3 day preparation. 100% money-back guarantee.

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Which Bank Is Best for Business Banking with an ITIN?

Mercury is the best business banking option for ITIN holders. You need an ITIN, an EIN (free from the IRS), and a US business entity (LLC or corporation). Mercury offers free checking, free domestic wires, free ACH transfers, virtual and physical debit cards, and API access for developers. The entire account opens online in 1 to 3 business days with no branch visit. Read our full ITIN business banking guide for step-by-step instructions.

How Do You Build Credit After Opening a Bank Account with an ITIN?

Opening a bank account is step 1 of building a US credit history. After 1 to 3 months of active account usage, apply for a secured credit card. Wells Fargo, Capital One, and OpenSky offer secured cards to ITIN holders with deposits of $200 to $500. Use the card for small purchases and pay the full balance monthly. After 6 to 12 months of on-time payments, your credit score will reach 650 to 700+. Then apply for unsecured credit cards with rewards. Read our detailed credit building guide.

What Are the Differences Between ITIN and SSN Bank Accounts?

For day-to-day banking, the differences are minimal. ITIN holders get the same checking, savings, debit cards, online banking, and mobile deposit features. The main differences are in credit products (fewer options initially), investment accounts (some brokers require SSN), and mortgage eligibility (stricter requirements). See our full ITIN vs SSN for banking comparison for a detailed breakdown.

Can ITIN Holders Open Bank Accounts Online Without a Branch Visit?

For personal accounts, options are limited. Most major banks require ITIN holders to visit a branch for identity verification. For business accounts, Mercury and Relay both offer 100% online account opening. Wise offers a multi-currency account online. Some credit unions have started accepting online applications from ITIN holders, but this varies by institution. See our online bank account guide for all options.

What Debit Card Options Are Available to ITIN Holders?

Every bank that accepts ITIN holders for checking accounts provides a debit card. Chase, BofA, Wells Fargo, and Capital One all issue Visa or Mastercard debit cards with online purchase capability. Mercury provides virtual and physical Visa debit cards for business accounts. Wise provides a multi-currency debit card. All debit cards work at ATMs, retail stores, and online merchants worldwide. See our ITIN debit card guide for the complete list.

Government Sources

Banking eligibility based on individual bank policies as of April 2026. ITIN holder rights under the USA PATRIOT Act Section 326 (Customer Identification Program) allow banks to accept ITINs as valid identification. Account terms and fees from official bank disclosures and fee schedules. Information current as of April 2026.

Banks for ITIN Holders: Frequently Asked Questions

Chase, Bank of America, Wells Fargo, Capital One, Citibank, and US Bank all accept ITIN holders for personal checking and savings accounts. Chase requires a branch visit with your ITIN letter (CP565), a valid passport, and proof of US address. Bank of America has similar requirements. Wells Fargo accepts ITINs at all branches nationwide. Capital One allows some accounts to be opened online with an ITIN.

Get Your ITIN and Open Your Bank Account

Apply for your ITIN through itin.so. Standard: $297. Express: $297. Once issued, open a bank account at any of the banks listed above. 100% money-back guarantee.

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