PayPal Cash Plus, Wise, majority, Sable, and Revolut are some of the virtual banks that do not require SSN. However, some of these might ask for ITIN.
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If you are a non-resident immigrant, opening a bank account can be a nightmare. As you don’t have a social security number.
However, don’t worry. Because it’s possible to open virtual bank accounts without SSN. So, in this post, I am going to provide an in-depth overview of 5 Free Virtual Bank Account No SSN Required. Moreover, I am going to answer all the related questions. So, stay with me.
Can I open a Bank Account Online without SSN?
Yes, you can open a bank account online without an SSN. However, your options will be limited.
Although, an SSN is not a requirement for opening a bank account. But banks are required to ask for a secondary identity card to fulfill the identity requirement. As a result, most banks ask for SSN additionally. However, not all banks require it.
Some banks and online financial institutions allow you to open an account using an Individual Taxpayer Identification Number (ITIN) or a foreign passport number instead of an SSN. Moreover, there are some virtual banks which allow you to open an account without an SSN or ITIN. But are Virtual Banks safe?
Are Virtual Banks Safe?
Yes, all the FDIC-insured virtual banks are safe.
The most common concern about virtual banks is whether they are safe or not. Like traditional brick-and-mortar banks, online banks can be safe as long as they are FDIC-insured and comply with all banking regulations.
So, to check whether a virtual bank is safe or not, find out if that particular bank is FDIC insured.
Find Out Can You Open a Free online bank account without ID
Now that we know virtual banks are safe and how to verify their safety, it’s time to find out Which online bank does not require SSN?
Free Virtual Bank Account No SSN Required
All the virtual banks listed here are FDIC insured. So, they are completely safe to use. Moreover, I am including how to open bank account without SSN online in this section. So, What money apps don’t require Social Security number?
Here is a list and overview of 5 free virtual bank account no SSN required
Wise
Wise previously known as TransferWise is the easiest bank account to open without SSN. You can get FDIC insurance with them if you opt-in to earn interest. Moreover, it lets you open a bank account in 50 different currencies!
That’s not even all. Wise there is no monthly fee either. Opening an account is fairly simple too.
How To Sign UP
Here is how to open a wise account
- Go to Wise website.
- Sign up by filling in the required information.
- Select Your Currency
- Verify your identity by proving your passport or Photo ID.
- Deposit $20 and get your US bank account detail.
Furthermore, you can use the $20 you deposited anytime you want. Now let’s look at its fees.
Fees
| Title | Fees |
| Account Open Fees | $20 (Reusable) |
| Monthly Fees | $0 |
| Wire Fees | 0.35% – 2.85% |
| Card Payment Fees | 0.35% – 2.85% |
Let’s have a look at its pros and cons.
Pros
- Super Low fees with International wire transfer.
- Best Currency Rate.
- Offer bank accounts in different countries.
- Easy to use mobile App and website.
- Great Customer Support.
- No Monthly or Hidden fees.
Cons
- Money transfer is possible with a Bank account only.
- No cash pickups.
- Transfer amount is limited.
Majority
Majority Bank is one of the finest FDIC-insured banks designed for non-resident immigrants. Majority do not require any SSN or ITIN. This bank aims to support underserved communities and promote financial inclusion through its products and services.
Moreover, Majority Bank has received positive feedback from everyone for its easy-to-use online platform, competitive interest rates, and excellent customer service. They have low transfer fees too. However, the majority has a monthly $5.99 fee.
How To Sign UP
This is how you can open a Majority Bank account
- Go to the Majority Bank website and click Sign Up.
- Select a checking account or savings account whichever you need.
- Provide your personal information in the signup form.
- Review all the information and submit your application
- Verify your identity
- Transfer an initial deposit.
After submitting your application and verifying your identity, you’ll need to wait for Majority Bank to review and approve your account. Let’s have a look at its fees
Fees
| Title | Fees |
| Account Open Fees | $0 |
| Monthly Fees | $5.99 |
| Int. Wire Fees | 0.2% – 2.5% |
| Card Payment Fees | 0 |
It’s time to look at its pros and cons.
Pros
- Low fees and free card payment.
- Easy To Use Platform.
- No need For SSN or ITIN
- No Minimum Balance Requirement
Cons
- No physical branches.
- Monthly fee.
- Limited customer service.
Sable
Stable is another US virtual bank account that does not require your SSN or ITIN. It is FDIC insured and completely safe to use. They do not have any monthly fees and have fewer transfer fees. Moreover, you can open a stable account within 15 minutes!
How To Sign UP
So, here is how you can open a Stable Account
- Go to the Stable website and click create an account.
- Select account type.
- Fill in the required information.
- Verify your identity by proving your passport or Photo ID.
- Deposit a small amount.
Stable will approve your account in no time. Let’s have a look at its fees
Fees
| Title | Fees |
| Account Open Fees | $0 |
| Monthly Fees | $0 |
| Wire Fees | $5 |
| Card Payment Fees | 0.18% |
Let’s have a look at its pros and cons.
Pros
- No hidden and signup fees
- The sable app is user-friendly, allowing users to manage their accounts, track their spending, and set up automatic savings plans.
- Cashback rewards.
- No monthly fees.
- Easy To sign up.
Cons
- Limited acceptance.
- Customer service is average.
Here is how to link bank accounts without verification.
Revolut
Revolut is another FDIC-insured digital banking app that does not require any SSN. It is also available in 35 countries. They offer a range of financial services, including prepaid debit cards, virtual bank accounts, and currency exchange.
One of the key features of Revolut is its low fees. Moreover, Revolut does not charge any foreign transaction fees or ATM withdrawal fees. It also offers a powerful budgeting tool.
How To Sign UP
So, here is how you can open a Revoult Account
- Go to the Revoult website and click on Sign up.
- Fill in the required personal information.
- Verify your identity by proving your passport or Photo ID.
- Deposit a small amount.
If all your information is correct Revoult will accept your account in no time.
Fees
| Title | Fees |
| Account Open Fees | $1 |
| Monthly Fees | $0 |
| ATM and INT Wire Fees | $0 |
| Wire fees | $10.00 |
This chart is for the free Revolut account. They have premium plans too.
Pros
- Extremely Low Fees
- Currency Exchange feature available.
- Both the Revolut app and website is user-friendly and offer a variety of features.
- Offers Powerful Budgeting Tools.
- Easy to apply.
Cons
- Does not have a cash deposit or check option.
- Charges ATM withdrawal fees after the $300 Limit.
- Do not have live customer support.
PayPal Cash Plus
Though PayPal is not a bank. But PayPal cash plus is FDIC insured. So, you can hold the balance in PayPal Cash Plus. Moreover, you don’t need SSN in PayPal cash Plus unless you run a business, or apply for a line of credit or a MasterCard.
PayPal cash plus is flexible and almost free to use. Though it will charge you with cash withdrawals and foreign transactions.
How To Sign UP
Here is how to open an account
- Log in to your PayPal account.
- Once you’re logged in, click on the “Wallet” section at the top of the page.
- Under the “PayPal Cash” section, you should see an option to Upgrade your account.
- Click on Upgrade your account and provide some additional personal information.
Let’s have a look at its fees
Fees
| Title | Fees |
| Account Open Fees | $0 |
| Monthly Fees | $0 |
| Wire Fees | 1.50% – 5.00% |
| ATM Withdrawal Fees | $2.50 |
Pros
- PayPal Cash Plus allows you to store, send, and receive money all in one place.
- Withdrawal is possible from your account at certain retailers or ATMs.
- Offers various Rewards.
- No minimum Balance requirements
- Easy to Use app.
Cons:
- High Fees for international transactions.
- Limited withdrawal options.
These are some of the most secure virtual banks that do not require your ITIN.
Find Out How to Open online bank account without SSN or ITIN
Now, let’s look at which banks offer debit cards without SSN.
How Can I Get A Virtual Debit Card Without SSN?
You can get Wise, Majority, Stable, Revolut, and even PayPal cash Plus virtual debit card without SSN. But they might ask for an ITIN number.
To get a virtual debit card from Wise, Majority, Stable, Revolut, or PayPal cash Plus, you need to open an account with them. After the verification and approval process, you can apply for a virtual debit card. PayPal might ask for SSN or ITIN.
Moreover, if you want to receive a physical debit card then you might need to pay the shipping bill.
What Bank Account Does Not Require Social Security Number?
Apart from virtual banks, some physical banks also offer bank accounts without social security numbers. Here is a list of traditional banks and credit unions that offer accounts without a social security number
- Wells Fargo
- Bank of America
- Marcus
- Chase
- Credit Unions
- Self-Help Federal Credit Union
- Alliant Credit Union
- Latino Credit Union,
However, you might need an ITIN number For opening an account in these financial institutions. You can also open an account without SSN in capital one and CitiBank. But you will need other documents.
How To Open a Bank Of America Account Without SSN?
To open a Bank Of America Account without SSN, you just need to
- Fill up their form.
- Provide Photo ID.
- Instead of SSN, you have to provide an ITIN number.
- Submit the application.
If all information is correct after reviewing your application then Bank of America will accept your application.
By now we have found out 5 of the best Virtual Bank account Without SSN. Now let’s look at some of the related queries.
FAQs
Here are some of the frequently asked questions related to this topic.
How to get a free debit card without SSN?
You can get a free debit card without SSN in some cases. Here are some of the financial institutions which will issue you a debit card without SSN
- Virtual Banks
- Mobile Wallets
Apart from these, you can also get free debit cards from community banks and prepaid debit card companies.
Keep in mind that they might issue debit cards for free. But there may be fees associated with some of these options. For example, some prepaid debit cards charge monthly fees or fees for using ATMs. Some online banks may also transfer fees for certain services. Be sure to compare different options and read the fine print before opening an account.
Does Chime require SSN?
Yes, Chime requires a Social Security number (SSN) to open an account. This is because Chime is a bank, and banks are required by law to collect and verify customer SSNs. Chime uses your SSN to verify your identity and to prevent fraud.
However, Chime does offer a few options for people who do not have an SSN. For example, you can open a Chime account using an Individual Taxpayer Identification Number (ITIN). You can also open a joint account with someone who has an SSN.
Can You Open TD Bank Account Without SSN?
Yes, you can open a TD bank account without SSN. However, you might require a photo ID and an ITIN number. For immigrants, ITIN is not mandatory. But you might need to have valid papers.
Can You Open Capital One Checking Account Without Social Security Number?
Yes, you can open a Capital one checking account without social security number. However, this is only valid for non-resident immigrants.
Can I Open A Chase Bank Account Without SSN?
Yes, you can open a Chase bank account without SSN if you are an immigrant. Otherwise, you must submit your ITIN number instead of your SSN.
In Summary
Opening a free virtual bank account with no SSN can be a fairly simple process. However, you need to be careful and provide the right information only. Otherwise, your account will be blocked.
Lastly, please read the policy before signing up for any virtual bank account and never open an account in a virtual bank that is not FDIC insured.
