If you're not a U.S. citizen, it can be hard to open a bank account in the US without a social security number (SSN). But there's another way. With UniFi, you can open a US checking account using something called an Individual Taxpayer Identification Number (ITIN).
What is an ITIN and why it's useful
An ITIN is a number that the IRS gives to people who need a US taxpayer number but can't get an SSN. It's mainly for tax purposes.
Who can get an ITIN
If you need to file U.S. tax returns but can't get a Social Security Number, you can apply for an ITIN. It doesn't matter what your immigration status is. This includes people who are not U.S. residents and don't have legal immigration status but still need to follow U.S. tax laws.
How to get an ITIN
- Fill out Form W-7: This is the form the IRS needs for ITIN applications.
- Show who you are: You need to give documents like your passport or birth certificate.
- Send your application: You can mail your form and documents to the IRS or apply in person.
Visit the IRS website for more information about applying for your ITIN.
Opening an account with UniFi using an ITIN
It's easy to start a checking account with UniFi using your ITIN:
1. Visit unifi.co and sign up.
2. When you are asked to verify your identity, click the dropdown to show more options.
3. Choose "US Individual Tax Identification Number".
4. Input your ITIN number and click "Submit"
Why a UniFi account is good for ITIN holders
UniFi is great for people with an ITIN:
- No fees: You don't pay hidden fees or need a minimum amount in your account.
- Multiple checking accounts: You can have up to 10 different checking accounts.
- Debit cards: Get a card for buying things and make as many virtual cards as you want. Your UniFi debit card works both in the U.S. and internationally. You can also use Apple Pay and Google Pay.
- Send money abroad: Create shared U.S. bank accounts with family members who live internationally.
- Set spending limits: You can set limits on how much money can be spent from personal or shared accounts.
Conclusion
With UniFi, you can easily open a U.S. bank account with an ITIN. It's a great way to manage your money in the U.S. and abroad.