Top 6 US Banks Catering to Foreigners and Non-Residents

If you're planning to move to the United States and need to handle your finances, opening a US bank account as a foreigner can be quite challenging. However, fret not! We are here to provide assistance and have compiled a list of the most expat-friendly banks for non-residents. These banks will give you the best chance of successfully opening your new account.

It's important to note that there are alternative options available, such as the Wise Account, which allows you to manage your money in USD. We will discuss this option in more detail shortly.

Consider trying Wise as an alternative to fulfill your banking needs. While Wise is not a bank itself, but rather a Money Service Business (MSB), it can cater to many of your banking requirements. It is particularly beneficial for individuals who frequently travel, live abroad, or work internationally. So, if you're moving to the US or regularly visit the country, Wise could be the perfect solution for you.

By signing up for a Wise Account, you'll gain access to numerous incredible benefits, including bank details in 10 different currencies. Additionally, you can hold, send, spend, and convert up to 40 currencies simultaneously. Wise also offers the option to send money overseas with low and transparent fees. Furthermore, you can order a Wise card for just , enabling you to use it in 174 countries. All transactions are conducted using mid-market exchange rates.

Opening a Wise Account online is a quick, easy, and free process. Moreover, there's a convenient Wise app available for managing all your banking needs from the convenience of your phone.

Don't hesitate any longer! Get a Wise Account today by visiting

For the most up-to-date pricing and fee information, please refer to the Terms of Use specific to your region or visit the Wise Fees & Pricing page at Only Pay for What You Use.

Now, let's answer the question: Can foreigners open a US bank account? The answer is yes! As a foreign national, you can indeed open a US bank account. However, it's essential to note that most banks will require you to have a US residential address as proof of residence.¹

Apart from the residential address, you'll also need other documents to open a US bank account. These documents include proof of address in the US (if you're living in another country, evidence of both your US and foreign address), proof of identity (such as your passport or driving license), and a US Social Security number. If you don't have a Social Security number, you can provide either your Individual Taxpayer Identification Number (ITIN) or Foreign Tax Identification Number (FTIN).

Keep in mind that certain banks may request additional paperwork, such as proof of income or employment.

6 Finest American Banks for International Individuals

Now, let's explore a selection of your superior banking alternatives as a fresh arrival in the United States:

1: Bank of America

Bank of America stands tall as one of the most expansive banks in the United States, catering to a wide array of checking, savings, and student account needs.

Among its most sought-after accounts is Advantage Plus, a checking account that necessitates an opening deposit of no less than $100 and entails a monthly upkeep fee of $12. However, this fee can be happily avoided by satisfying specific stipulations laid out by the bank. Included in this account is a debit card, as well as access to the efficient Zelle and a Digital Wallet.²

2: Citibank

The globally recognized banking behemoth Citibank boasts an all-inclusive range of checking and savings accounts in addition to credit cards, loans, and assorted financial products.

A viable selection for newcomers to the United States is the Access Account, consisting of the following features:

  • Round-the-clock online banking capabilities
  • An official Citi debit card
  • Swift online bill payment channels
  • Handy digital tools, including an easy-to-use mobile application.

While this account charges a $10 monthly service fee, it can be wavered if you perform a single qualifying bill payment or deposit or maintain a monthly balance exceeding $1,500.³


HSBC distinguishes itself as an international banking institution, making it an optimal choice for globe-trotting individuals eager to establish a footing in a new land.

In the United States, HSBC presents the Premier Checking account, replete with exclusive services, global assistance, liberating everyday transactions, and various other perks. Nevertheless, to qualify for this account, you must either maintain a minimum balance of ,000 (or make monthly deposits of at least $5,000) or be prepared to face a substantial $50 monthly maintenance fee.⁴

4: Capital One

Earning accolades for its helpful customer service and cutting-edge technological focus, Capital One ingeniously caters to the online and mobile banking preferences of its clientele.

The 360 Checking Account devised by Capital One is a perfect fit for day-to-day banking necessities. On top of being devoid of fees, this account also grants you complimentary access to cash withdrawals at over 70,000 ATMs situated countrywide. Additionally, you will be issued a debit card, ensuring seamless Zelle payments and uninterrupted mobile banking around the clock.⁵

5: Chase

Functioning under the purview of JPMorgan Chase, the largest banking institution in the United States, Chase lays claim to over 4,700 branches and 15,000 ATMs spanning the country⁶. Offering a wide range of standard and premium checking accounts, they have also thoughtfully developed specialized accounts for children and students.

The Chase Total Checking account is renowned as an ideal choice for day-to-day banking needs. Alongside a $12 monthly fee, this account can have said fee forgone if certain conditions are met.

Included perks consist of access to Zelle for convenient fund transfers, as well as a seamless online and mobile banking experience, accompanied by user-friendly online bill payment features.

Number 6: Wells Fargo

Yet another one of the prominent banking institutions in the United States, Wells Fargo presents a wide array of options when it comes to checking and savings accounts, as well as other financial products.

As someone who is new to the country, you will likely be inclined towards the Everyday Checking account. This account can be initiated with a mere $25 and entails a monthly fee of $10, which can be waived if you maintain a minimum daily balance of $500 or if you fall within the age range of 17 to 24.⁷

By selecting this account, you will gain access to convenient features such as mobile deposit, Zelle, and other digital services, along with a contactless debit card.

The Takeaway

The United States boasts an extensive selection of banks to choose from, including an increasing number of digital banks. Navigating through these options can be challenging for newcomers, but hopefully, this guide has provided you with some valuable leads to explore further.

However, it is important to keep in mind that the banks mentioned above may not necessarily offer the best or most cost-effective solutions for managing your money internationally.

If you find yourself in need of sending money abroad or making expenditures in another country, the Wise Account may prove to be a superior alternative.

Discover more about Wise

Sources utilized for this article:

Sources reviewed on 01-June-2023.

The information presented in this publication is intended for general informational purposes only and does not cover every aspect of the discussed topics. It is not meant to serve as reliable advice that you should solely rely on. Before making any decisions or refraining from certain actions based on the content of this publication, it is crucial to seek professional or specialized guidance. The information provided in this publication does not constitute legal, tax, or other professional advice from Wise Payments Limited or its affiliates. Previous outcomes do not guarantee similar results. We do not make any explicit or implicit claims, warranties, or guarantees regarding the accuracy, completeness, or timeliness of the content in this publication.

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