Do You Need a Social Security Card to Open a Bank Account?

bank account allows you to make everyday financial transactions with ease. You can deposit money, make withdrawals, and use your bank debit card for online and in-person purchases. While there's no question that a bank account will make your financial life simpler, you may not know whether you can open one without a Social Security number.

So, can I open a bank account without SSN? The answer: Yes! You can open a U.S. bank account even if you don't have a Social Security number or card. While every bank has different criteria, some will accept an individual tax identification number (ITIN) instead. Here's what you need to know about the process.

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What documents do you need to open a bank account?

Your identity documents help prove who you are and where the bank can contact you. Some of the items that banks request when you open an account include:

• A government-issued ID: There are different types of government IDs, like a driver's license, state-issued identification card, and passport. Whether you open your account online or in person, have your government-issued card available so the bank can review it. [forbes.com/advisor/banking/how-to-open-a-bank-account/]
• A tax identification number: There are several different tax identification numbers, including a Social Security number, ITIN, and employer identification number (EIN). U.S. citizens receive a Social Security number at birth or when they become full-fledged citizens. If you're not a U.S. citizen, you may apply for an ITIN through the IRS. If you're opening a business bank account, your financial institution may request your EIN, which you can also get from the IRS. [forbes.com/advisor/banking/how-to-open-a-bank-account/]
• Address details: Some banks request proof of address, especially if it's not listed on your government-issued ID. A rental agreement, credit card bill, paystub, or similar document can suffice. [nerdwallet.com/article/banking/how-to-open-a-bank-account-what-you-need#Undocumented]

Your bank may request additional information from you, so check its requirements before starting the application process.

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Will the bank ask me to show my Social Security card?

It's pretty rare for a bank to request a copy of your Social Security card. Usually, providing your Social Security number or ITIN is enough to meet the identity verification requirements. The bank will use the number given to confirm your identity through consumer reporting agencies, public databases, or other sources. [fdic.gov/news/financial-institution-letters/2021/fil21012b.pdf, page 4-5]

If the bank does ask for your Social Security card and you don't have it, you can request a replacement through the Social Security Administration or ask your financial institution for alternative ways to prove your identity.  

Steps to open a bank account without a Social Security card

If you don't have a Social Security number or card, you may still open a U.S. bank account with some financial institutions. Here are the steps you'll need to take.

1. Figure out what kind of bank account you need

What is the primary reason you are opening a bank account? Will it be an everyday checking account you use for regular financial activities, or do you need a business bank account? Are you hoping to earn interest on your balance, or do you want access to lending and investment products?

Some of the various types of accounts you can open include:

• Checking
• Savings
• Money market
• Business checking or savings

Each account has different purposes and will suit different needs. Some banks offer a range of different accounts, while others specialize in one specific area, such as business banking. [forbes.com/advisor/banking/how-to-open-a-bank-account/]

2. Research available bank options

Once you determine what type of account you need, start researching the financial institutions that offer them. Learn the cost of their services, any monthly fees you'll be responsible for, and what perks are available. If you're looking for an interest-earning account, seek banks that offer them and compare rates. [forbes.com/advisor/banking/how-to-open-a-bank-account/]

Keep in mind that some banks will waive their monthly charges and other fees if you meet certain requirements. For instance, keeping an average daily balance above a specific amount may eliminate monthly charges. Also, consider any ATM fees if you plan on using your account's debit card for withdrawals. [forbes.com/advisor/banking/how-to-open-a-bank-account/]

If you're opening a business bank account, consider what features are attractive to you. Some banks offer financing services, like credit cards or business loans, which may be helpful if you need to scale your operations in the future. Other perks, like integrations with your accounting software or other business apps, make it easier to centralize your business processes. [forbes.com/advisor/banking/how-to-open-a-bank-account/]

3. Check your bank's requirements to open an account

Once you narrow down your banking options, check with your financial institution to find out what documentation you need to open your account. You may be able to find the information on the bank's website. If the bank includes a Social Security number as one of its requirements, contact customer service to find out if it will accept an ITIN or EIN instead.

If you plan to visit a branch to open your account, ensure you have all the documents before going to the bank. That way, you can minimize your time speaking to representatives and hopefully avoid a second trip to provide outstanding items.

Many banks allow you to open an account online, which can save time and expedite the process. However, before starting your application, ensure you can provide your ITIN or EIN instead of a Social Security number.

4. Provide an opening deposit

You can't start using your new bank account until it has money in it. Some ways to fund it include a transfer from another bank account, a paper check, cash, wire, or payment via a credit or debit card. Some banks impose minimum deposit amounts you must meet before they will process and approve your application. [forbes.com/advisor/banking/how-to-open-a-bank-account/]

Determine the funding method that works best for you and provide the money when submitting your application. It will be available for your use once the bank creates your account.

5. Order checks or a debit card

If you're opening a business or personal checking account, you may want to order a set of customized checks. Some banks will provide checks for a small fee, or you can order them online from various companies. Even if you don't plan to use checks very often, having a few handy in case you need them is a good idea.

Some banks automatically issue you a debit card along with your new bank account. If not, you may be able to request one directly from your financial institution. Most debit cards arrive within two weeks of opening your account, but check your bank's policies.

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How to choose the right bank account for your business

If you're opening a business bank account for the first time, decide what features are important to you and compare bank fees. A few factors to consider include:

• Minimum balance requirements
• Transaction limitations
• Integrations with payment providers, such as Stripe, Square, and Paypal
• Access to business credit or other financing

Ultimately, deciding on a business bank account depends on your organization's current and future needs.

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It's possible to open a bank account without a Social Security number

So, do you need a Social Security card to open a bank account? It depends. Some banks will allow you to open a bank account without SSN, providing you have an ITIN or EIN. If you don't have a SSN, find a bank willing to accept your ITIN or EIN, instead.

And, if you're looking for a fee-free business checking account with maximum features, you can't go wrong with a Novo business checking account. Our accounts integrate with various payment providers, including Stripe and Square, and include free invoicing and business finance insights. Start your application with Novo today!

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Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.: Member FDIC.

Novo Platform Inc. strives to provide accurate information but cannot guarantee that this content is correct, complete, or up-to-date. This page is for informational purposes only and is not financial or legal advice nor an endorsement of any third-party products or services. All products and services are presented without warranty. Novo Platform Inc. does not provide any financial or legal advice, and you should consult your own financial, legal, or tax advisors.