How to Open a U S. Bank Account for Non-Residents

The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security number (SSN) from the Social Security Administration (SSA). ITIN holders must verify their identity through the video chat process and will need a valid email address, proof of ITIN, one primary document and one secondary document. Taxpayers with an ITIN can complete the registration process to access their IRS online account, which provides balance due, payment history, payment plans, tax records, and more.

  • A foreign entity that completes Form SS-4 in the manner described above should be entered into IRS records as not having a filing requirement for any U.S. tax returns.
  • They review the applicant’s documentation and forward the completed Form W-7 to IRS for processing.
  • If you make the choice with an amended return, you and your spouse must also amend any returns that you may have filed after the year for which you made the choice.
  • The standard processing time is still seven weeks, although the IRS points out that delays can last up to 11 weeks if the renewal paperwork is received during peak tax time (January 15 to April 30).
  • It is important to renew your ITIN in sufficient time to avoid any tax complications when filing taxes or carrying out other tax-related transactions.
  • In certain scenarios, there’s different information and different documentation needs to provide in order for the ITIN application to be completed properly, so that when we file it with the IRS, they can issue the item.

This will prevent you from having to mail your proof of identity and foreign status documents. Having a checking account can be a way to build a solid foundation for your financial life in the U.S. Some non-residents sometimes believe they’re ineligible to open a bank account in this country. Many financial institutions offer U.S. bank accounts for non-residents.

What do you need to open a bank account?

An Employer Identification Number (EIN) is also known as a federal tax identification number, and is used to identify a business entity. It is also used by estates and trusts which have income which is required to be reported on Form 1041, U.S. The following form is available only to employers located in Puerto Rico, Solicitud de Número de Identificación Patronal (EIN) SS-4PRPDF. However, if you’re living abroad and have adopted a foreign child or have had a foreign child legally placed in your home pending an adoption, that child may be eligible for an ITIN. If the dependent is a minor, the documentation must establish the relationship between the dependent and the representative signing the application on the dependent’s behalf.

  • You can do this with an SSN or an ITIN, but some banks will also accept other forms of ID.
  • IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to efficiently process and account for tax returns and payments for those not eligible for Social Security numbers.
  • See discussion of the “Substantial Presence Test” in Topic No. 851, Resident and Nonresident Aliens for more information.
  • If you’re a US citizen who regularly files taxes, you likely have a Social Security number.
  • They are issued regardless of immigration status, because both resident and nonresident aliens may have a U.S. filing or reporting requirement under the Internal Revenue Code.

This includes situations in which one of you was not a U.S. resident at the beginning of the tax year but was at the end of the year, and the other was not a U.S. resident at the end of the year. If you need to renew your ITIN, you’ll follow the same process as applying for a new ITIN. However, if you mail in your renewal application, you can simply send along a form W-7 with supporting documents—no need to attach a tax return. It is important to note that a passport is the only documentation that can be used to prove both identity and foreign status.

Ending the Choice

An Individual Taxpayer Identification Number is a tax processing number issued by the IRS. The purpose of an ITIN is to ensure those who work in the U.S. have a method of paying taxes, even if they don’t qualify for a Social Security number (SSN) from the Social Security Administration. In off-peak times the processing time for an ITIN is generally within seven weeks, provided you qualify for an ITIN and your application is complete.

If you do not have a PTIN, you must get one by using the new IRS sign-up system. Even if you have a PTIN but you received it prior to September 28, 2010, you must apply for a new or renewed PTIN by using the new system. If all your authentication information matches, you may be issued the same number.

Normally the number is issued after the 14th birthday, but it can also be obtained for a younger child. We will hand you the notarized translation of your passport for traveling abroad together with the issued ITIN. You will then be able to use it for various purposes, such as for real estate purchase and sale transactions at the notary’s office or to apply for a residential permit. It just dictates what information and what documentation needs to be provided for your ITIN application to be completed properly and so that it can be filed with the IRS to get your ITIN.

OPEN AN ACCOUNT

If you are a tax nonresident, you should use Glacier Tax Prep to prepare your U.S. federal (national) income tax form. University of Michigan/Ann Arbor international students and scholars can use GLACIER Tax Prep free of charge. If you need an ITIN, GLACIER Tax Prep will print an ITIN application form (Form W-7) for you.

Individual ITIN applications

A copy of a U.S. military ID is required if the documents are notarized. An exclusive list of documents that are acceptable for this purpose is included in the Instructions for Form W-7. IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to efficiently process and account for tax returns and payments for those not eligible for Social Security numbers. They are issued regardless of immigration status, because both resident and nonresident aliens may have a U.S. filing or reporting requirement under the Internal Revenue Code. You can file Form W-7, Application for IRS Individual Taxpayer Identification Number (ITIN), with your federal income tax return.

You must have a PTIN if you, for compensation, prepare all or substantially all of any federal tax return or claim for refund. An original (or a certified copy) of your passport (which must be unexpired) is the only document the IRS will accept for both identity and foreign status. We never recommend sending original copies of your identification documents. Apply for an ITIN in-person using the services of an IRS-authorized Certifying Acceptance Agent.

Who can help me apply for my ITIN online?

This may be used as a substitute for an SSN on your bank account application if one is required by the bank. Having a local bank account makes paying bills a much smoother process. You can use your account to pay online or by check instead of having to use money orders or other services that may have additional fees. So that’s how you determine if you’re a non resident or a US resident alien for tax purposes.

To get an SSN for your spouse, apply at a social security office or U.S. consulate. You must also provide original or certified copies of documents to verify your spouse’s age, identity, and citizenship. If your spouse is not eligible to get an SSN, they can file Form W-7 with the IRS to apply for an ITIN. Refer to Taxpayer Identification accountant for small business Numbers (TIN) for more information. D was a U.S. resident within the meaning of IRC section 7701(b)(1)(A) on December 31, 2021, and married to E, who was neither a U.S. citizen nor a U.S. resident within the meaning of IRC section 7701(b)(1)(A). They chose to treat E as a U.S. resident and filed a joint 2021 income tax return.