Your guide to opening a U.S. bank account without a social security number
If you are an international postgraduate student in the U.S., opening a bank account can help you manage your money, receive payments and avoid expensive foreign transaction fees. It’s also an important part of how to build credit history in the U.S. But many students worry they cannot open an account without a Social Security number (SSN).
The good news is that you can open a U.S. bank account as an F-1 visa holder even if you do not have an SSN. You just need the right documents and a clear understanding of what banks expect.
Do you need a Social Security number to open a U.S. bank account?
No. An SSN is not legally required to open a bank account in the U.S. Many banks will ask for one during the application process, but most student-friendly banks allow international students to use alternative documents.
You may be asked to provide:
- A valid passport
- Your visa (F-1 or J-1)
- I-20 or DS-2019 form
- Proof of U.S. address (dorm or apartment)
- School ID or enrollment letter
- Initial deposit (amount depends on the bank)
Some banks may also request an individual taxpayer identification number (ITIN)or a denial letter from the Social Security Administration confirming that you’re not eligible for an SSN. You are not required to have either to open an account, but they can be helpful if you plan to work or file taxes later.
What types of accounts can international students open?
Most students start with one or both of the following:
Checking account
This is used for everyday expenses such as rent, groceries, school supplies and online subscriptions. You can use it with a debit card and may be able to set up direct deposit if you work on campus. Checking accounts are great for study abroad budgeting.
Savings account
This allows you to set money aside and earn interest. It may also help you avoid account fees if you maintain a minimum balance.
Look for student-friendly accounts with:
- No monthly maintenance fees
- No minimum balance requirements
- Free ATM access and mobile banking
Some banks offer accounts designed specifically for international students, so ask what options are available.
Tips for choosing the right bank
Not all banks are equally friendly to international students studying overseas. Here are a few things to consider:
- Choose a bank with locations near your school.
- Ask whether they support students without an SSN.
- Compare fees, especially for wire transfers and ATM usage.
- Look for multilingual support or translated materials if needed.
- Ask about mobile banking apps and customer service availability.
What to expect when opening your account
You will need to visit a branch in person for your first account. A bank representative will review your documents and help you complete the application. In some cases, you may receive your debit card on the spot, or it will be mailed within a few days.
Once your account is active, you can:
- Deposit checks and cash
- Make purchases using your debit card
- Use mobile apps to monitor your balance and pay bills
- Set up direct deposit if you start an on-campus job
Make sure to keep track of fees and account conditions to avoid overdraft charges or unexpected withdrawals.
MPOWER Financing makes banking easier by helping fund your U.S. education
Opening a bank account is easier when you already have a clear plan for your finances. MPOWER Financing helps international students pay for their studies in the U.S. with no cosigner and no collateral required.
With an MPOWER loan, you can:
- Cover tuition and living expenses
- Show financial stability when opening your bank account
- Avoid relying on unfamiliar or high-fee money transfer services
- Use funds for rent, supplies and other everyday needs
You can apply online, receive a fast decision and have your funds sent directly to your school.
Start smart with the right bank account
Having a U.S. bank account helps you manage your money and build financial independence during your time as a student. Even without a Social Security number, you have options. With the right documents and preparation, you can open an account and stay focused on your studies.
