How To Open a Business Bank Account Without an SSN

Opening a US business bank account without a Social Security Number (SSN) can feel confusing, especially if you’re a non-resident or a founder setting up a new entity from abroad.

This guide walks you through what banks typically require, what alternatives exist (like using an ITIN or EIN), and how to set your company up with the right documents from the start. We'll also discuss the Wise Business account. The global account that can help your company with all things cross-border.

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Can You Open a Business Bank Account Without an SSN?

Yes, it’s possible to open a business bank account without an SSN, but it depends on the bank and the documents you can provide.
Most traditional US banks will ask for a Social Security Number when verifying identity. But if you don’t have one, there are other paths. Many institutions accept alternate forms of identification, especially for non-resident business owners or foreign founders.

Here are some of the most common alternatives:

• ITIN (Individual Taxpayer Identification Number): Issued by the IRS, this is often used by individuals who aren’t eligible for an SSN but still need a taxpayer ID.
• EIN (Employer Identification Number): Required for businesses that hire employees or operate as an LLC or corporation. Some banks allow you to open a business bank account using only an EIN.
• Foreign Passport or Government-Issued ID: Some banks will accept these if you also provide additional business documentation.

While not every institution offers this flexibility, many do. You can open a business bank account without SSN requirements, as long as you meet their alternative ID and documentation policies.

Business Types & ID Requirements

Not every business owner needs a Social Security Number to open a US business bank account. The requirements vary depending on how your business is structured and where you’re based.

Sole Proprietors

If you’re operating as a sole proprietor, most banks will require your personal Social Security Number when opening a business account. That’s because the business isn’t a separate legal entity—you and the business are one and the same.

LLCs, Corporations, & Partnerships

For registered entities like LLCs, corporations, and partnerships, most banks allow you to use an EIN (Employer Identification Number) to identify the business. In some cases, you’ll also need an ITIN if you don’t have an SSN. These identifiers serve as stand-ins for personal identification when opening accounts.

Non-Resident Founders & Foreign Entities

If you’re a non-US resident or setting up a US-based business from abroad, you likely won’t have an SSN. Many banks still allow you to open a business bank account using an EIN, ITIN, and a valid foreign passport or government-issued ID, though requirements vary by institution.

Before applying, it’s worth checking directly with the bank to confirm what they’ll accept based on your situation.

What Banks Look For (With or Without an SSN)

Opening a US business bank account means gathering a few essential documents. Requirements vary by bank and business type, so it’s smart to plan ahead and confirm what’s needed before you apply.

Here’s what most banks will ask for:

• Business formation documents: Articles of Organization for LLCs or Articles of Incorporation for corporations
• Tax ID numbers: Either an EIN or an ITIN
• Photo identification: A passport, US driver’s license, or government-issued ID
• Business license: If your business activity requires one in your state or industry
• Proof of US address: This could be a lease, utility bill, or proof of a registered agent’s address

Some banks will accept foreign IDs or alternative documents, while others won’t. It depends on the bank, your state, and your entity type. That’s why it pays to research your options early, especially if you’re applying without an SSN.

If your application is missing even one required document, you may need to start the process over. So it’s worth double-checking before you head to a branch or start applying online.

Banks That Allow Business Accounts Without SSNs

Opening a business bank account without an SSN is possible, but requirements vary by institution.

Below are some banks that accommodate alternative identification methods:

• Bank of America: Accepts non-citizens with two forms of ID, proof of US and foreign address, and a tax ID (like an ITIN).¹
• Wells Fargo: Allows non-US citizens to apply in-branch without an SSN or ITIN. Requires a government-issued ID showing nationality or residence, a secondary ID, and proof of US address.²
• Chase: Typically requires an SSN or ITIN, but may accept alternative ID for non-US residents applying in person. Online applications are limited to select business types and require a US government-issued ID.³
• Relay: Allows non-US residents to open accounts online using an EIN and a passport. No SSN or ITIN is needed, but a US business presence is required.⁴

Note: Bank policies are subject to change. It’s recommended to contact the bank directly or visit a local branch to confirm current requirements before proceeding.

Save Time and Money On Overseas Payments With Wise Business

Wise Business can help you save big time on international payments.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies.

Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go. This is perfect for small businesses that are managing a global team, saving a ton of time and hassle when making payments.

Some key features of Wise Business include:

• Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers

• Global Account: Send money to 140+ countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local

• Access to BatchTransfer: Pay up to 1000 invoices in one click. Save time, money, and stress when you make 1000 payments in one click with BatchTransfer payments. Access to BatchTransfer is free with a Wise Business account

• Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met

• Free invoicing tool: Generate and send professional invoices

• No minimum balance requirements or monthly fees: US-based businesses can open an account for free. Learn more about fees here

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Wise Business Requirements

For the most up-to-date information, you can see this page about US verficiation and general US business verification requirements.

• Wise Business accepts SSN or TIN for sole proprietors.
• For larger businesses, US-based owners will need to provide both their SSN and ID. Foreign owners will need to provide a copy of their non-US ID and have an LLC that is registered in the United States.

This is not the only information required to get a Wise Business account. See the above pages for more details of Wise Business requirements.

What to Know About Using an EIN Only

An Employer Identification Number is one of the most important pieces of your business profile. But with just an EIN, you won’t be able to open a bank account.

Some founders assume that having an EIN means that they can skip personal ID requirements. That’s a common mistake.

Banks still need to verify who’s behind the business. That means you’ll typically be asked for:

• A passport or government-issued photo ID
• Proof of address for the authorized signer
• Sometimes an ITIN or other taxpayer ID

Your EIN tells the bank your business is registered to pay taxes. But to comply with US banking laws, they also need to know who’s managing the money.

That said, using an EIN is still useful. It separates business activity from personal finances and gives your business a unique tax identity.

Alternatives to Traditional Banks

If your business doesn’t have a US address or needs more flexible setup options, traditional banks aren’t your only route.

Below are a few alternatives that support international founders and remote teams:

Final Thoughts

You don’t need an SSN to open a business bank account, but you do need the right documents.

Start by forming your company, securing an EIN or ITIN if needed, and checking each bank’s rules before you apply.

When in doubt, reach out to your bank or legal advisor to confirm what’s required.