Best U.S. Banks for Foreigners in 2025

Por Elisa Conti • 2 weeks atrás

For foreigners and immigrants arriving in the United States, one of the first challenges is managing finances safely and efficiently. Opening a bank account makes it easier to receive salaries, pay rent, transfer money, and begin building financial credibility.

However, not all banks in the U.S. have the same policies toward non-residents. Some require a Social Security Number (SSN), while others accept an ITIN (Individual Taxpayer Identification Number) or even just a passport.

In this guide, we’ll highlight the best banks for foreigners in the United States in 2025, covering both traditional banks and digital alternatives. You’ll learn which ones offer the easiest account setup, lowest fees, and most immigrant-friendly policies.

1. What to Look for in a Bank as a Foreigner

Before choosing a bank, it’s important to understand what matters most for non-U.S. residents. The best banks for foreigners generally share these traits:

• Accept foreign documentation (passport, ITIN, visa)
• Provide bilingual or multilingual customer support
• Offer online banking and mobile apps
• Charge low or no maintenance fees
• Allow easy international transfers
• Have strong security and FDIC insurance

If you don’t have an SSN or a long credit history, look for banks that specifically cater to newcomers and international clients.

2. Bank of America — Best for Nationwide Access

Bank of America (BoA) is one of the most accessible banks for foreigners, thanks to its extensive branch network and flexible account requirements.

✅ Pros:

• Accepts ITINs and foreign passports
• Offers multilingual staff in many branches
• Large ATM and branch presence across all U.S. states
• User-friendly mobile app

⚠️ Cons:

• Monthly maintenance fees (waived with direct deposit or minimum balance)
• Some international transfer fees

Best for: Immigrants who want personal service and physical branch access.

Minimum deposit: $25

Ideal account: Advantage SafeBalance Checking — perfect for managing everyday expenses without overdraft risk.

3. Wells Fargo — Best for Immigrants With Limited History

Wells Fargo is another top option, known for welcoming immigrants and newcomers. It allows individuals to open accounts with only a passport and proof of address.

✅ Pros:

• Accepts ITIN or passport
• Spanish-language support
• Low minimum deposit ($25)
• Offers credit-building and remittance tools

⚠️ Cons:

• $10 monthly fee (can be waived)
• Traditional banking hours only

Best for: Immigrants who prefer face-to-face service and plan to establish long-term financial relationships in the U.S.

4. Chase Bank — Best for Full-Service Banking

Chase Bank, one of the largest banks in the U.S., offers comprehensive banking solutions — from checking accounts to mortgages and credit cards. It’s also a top choice for foreigners with valid visas or ITINs.

✅ Pros:

• Large branch and ATM network
• Accepts foreign passports and ITINs
• Excellent online and mobile banking
• Bonus promotions for new accounts

⚠️ Cons:

• Higher fees compared to competitors
• Some accounts require SSN for online opening

Best for: Professionals, international students, and expats looking for a well-established financial institution.

Tip: The Chase Total Checking® account is beginner-friendly and frequently offers cash bonuses for new customers.

5. Citibank — Best for Global Banking

Citibank is ideal for foreigners who frequently transfer money between countries. With a global network in over 90 nations, it’s one of the most internationally connected banks.

✅ Pros:

• International account linking (for select countries)
• Accepts ITINs and foreign identification
• Excellent online banking for international transfers
• Bilingual services in major U.S. cities

⚠️ Cons:

• Higher minimum balances for premium accounts
• Fewer branch locations in smaller cities

Best for: Expats and global professionals managing cross-border finances.

Ideal account: Citigold® Account Package — offers free international transfers and access to global ATMs.

6. TD Bank — Best for Convenience and Weekend Hours

TD Bank stands out for its customer-friendly policies and extended branch hours — most locations are open on weekends.

✅ Pros:

• Accepts ITIN and foreign passport
• Open seven days a week in many branches
• No minimum deposit for basic accounts
• Easy online and mobile access

⚠️ Cons:

• Regional availability (mostly East Coast)
• Limited free ATM access outside its network

Best for: Immigrants on the East Coast seeking flexible banking hours and friendly service.

7. Capital One — Best for Digital and Hybrid Banking

Capital One bridges the gap between traditional and digital banking. It offers modern, app-based tools alongside physical branches.

✅ Pros:

• Accepts ITIN and passport
• No monthly fees or minimum balance
• Excellent mobile experience
• Strong credit card options for immigrants

⚠️ Cons:

• Limited physical branch presence
• Some credit products require SSN

Best for: Tech-savvy immigrants and freelancers who want an easy, low-cost account.

Popular option: Capital One 360 Checking — simple, free, and completely online.

8. Chime — Best Digital Bank for Immigrants

As one of America’s most popular digital banks, Chime offers a fast, no-fee, and user-friendly experience. It’s particularly attractive for immigrants who prefer mobile banking.

✅ Pros:

• No monthly fees or overdraft charges
• Accepts ITINs and alternative IDs
• Early paycheck deposits (up to 2 days early)
• FDIC-insured through partner banks

⚠️ Cons:

• No physical branches
• Limited in-person cash deposits

Best for: Immigrants comfortable with fully online banking and seeking low-cost financial management.

9. Latino Credit Union — Best for Spanish-Speaking Immigrants

Founded to support Latino and immigrant communities, Latino Credit Union (LCU) provides inclusive banking services regardless of immigration status.

✅ Pros:

• No SSN required (accepts ITIN and consular ID)
• Spanish-language support
• Low fees and community focus
• Credit-building tools and small loans

⚠️ Cons:

• Limited to certain states (mainly North Carolina)
• Fewer ATMs than large banks

Best for: Spanish-speaking immigrants and families starting their financial journey in the U.S.

10. SoFi Bank — Best for Tech-Oriented Professionals

SoFi Bank has grown rapidly, combining banking, investing, and lending services in one app. It’s ideal for immigrants working in tech or finance.

✅ Pros:

• Online-only, modern experience
• No account fees
• High-yield savings option
• Cashback debit cards

⚠️ Cons:

• No in-person service
• Requires ITIN or SSN for verification

Best for: Foreign professionals and remote workers who prefer a 100% digital platform.

11. Comparison Summary

Bank	Accepts ITIN?	Digital Banking	Monthly Fee	Ideal For
Bank of America	✅	✅	$12 (waived)	Nationwide access
Wells Fargo	✅	✅	$10 (waived)	New immigrants
Chase Bank	✅	✅	$12 (waived)	Full-service users
Citibank	✅	✅	$10–$30	Global professionals
TD Bank	✅	✅	$0–$15	East Coast residents
Capital One	✅	✅	$0	Digital-first users
Chime	✅	✅	$0	Tech-savvy immigrants
Latino Credit Union	✅	Limited	$0	Immigrant families
SoFi Bank	✅	✅	$0	Remote professionals

12. How to Choose the Right Bank

When choosing a bank, consider:

• Your immigration status (resident, visa holder, undocumented)
• Preferred language and support
• Frequency of international transfers
• Budget and expected balance
• Need for credit or loan access

If you need in-person support and a long-term financial relationship, go with a traditional bank. If you prefer convenience and minimal fees, a digital bank or credit union is the better choice.

13. Tips for Successful Account Opening

• Bring all necessary documents (passport, visa, address proof).
• Ask about ITIN acceptance before visiting a branch.
• Deposit at least $25–$100 to activate the account.
• Set up online banking right away for easier management.
• Keep copies of your documents and account agreements.

Having your employer or school letter handy can also help verify your U.S. address.

Conclusion

The best U.S. banks for foreigners in 2025 combine accessibility, technology, and inclusive policies. Whether you choose Bank of America for its reach, Chime for simplicity, or Citibank for global connections, the key is to find a financial partner that understands your immigrant journey.

With growing competition between traditional banks and fintechs, foreigners now have more options than ever to manage their money safely, efficiently, and affordably in the United States.