Do I Need an ITIN to Open a US Business Bank Account?

Today we’re going to be talking about, “do you need an ITIN to open a U.S. business bank account?”

Hey, this is Sina Bonabi from EIN Express. I’m an IRS Certifying Acceptance Agent and I’m both trained and authorized by the IRS to help non-US citizens all over the world just like you to successfully get the EINs and their ITINs for them.

We’ve assisted over 2,240 non-US citizens to successfully get their EINs and ITINs and we’d love to help you get yours too.

Apply for your ITIN here:


Do I Need an ITIN to Open a Bank Account?

We’re going to be discussing a very popular topic of “do you need an ITIN to open up your U.S. business bank account?” The general answer to that is yes.

Yes, you need an ITIN to open up your U.S. business bank account for your U.S. registered business.

Usually, U.S. banking is supposed to be universal in terms of their rules amongst all the banks in the U.S. but they tend to sometimes vary. Some of them sometimes allow you to open up U.S. business bank accounts without the ITIN. But, generally speaking, no, a majority of them do require that you have to have the ITIN to open up your U.S. business bank account.

I hear from a lot of clients of mine who say, “I went to the states and I had my business registered and I had my EIN and now they’re telling me I need an ITIN. I have to go back to my country and they’re pissed off”. I can completely understand that because some banks say they don’t need it and some say they do.

The consensus is that they do. You need to have your ITIN to open up your U.S. business bank account.

I strongly recommend for foreign entrepreneurs who are looking to open up their business bank account and are planning to go in person to do the following. Contact the specific branch of the bank company that you want to open up your U.S. business bank account with. Let them know that you would like to come in person to open the account and that you want to know all the requirements that they require to open up that U.S. business bank account. That way when you come in person, you’re not wasting a trip and coming there … I’m prepared.

You’ll have all the requirements, all documentation, ready to go so when you get there, you can successfully open up your U.S. business bank account.

Apply for your ITIN here:


We Offer Opening US Business Bank Accounts

I would also like to take this moment to announce that we also have a U.S. business bank account opening service for foreign entrepreneurs that I’m super excited about.

I took a few years to develop a solution to this problem that I saw a lot of my clients were having, so if you’re interested in that service, we have that service. It allows you, as a foreign entrepreneur, to open up a U.S. business bank account remotely without having to come physically visit the bank in person in the U.S. It’s a huge help to a lot of you foreign entrepreneurs.

I’m very excited about it, as I said. If you’re interested in that service, let me know, shoot me an e-mail, and we’d be more than happy to get you in touch and schedule a meeting with our banking service director and answer any questions you have and get you signed up for that service as well and help you out with that.


What To Do Next

Also, if you have any questions about this topic that we discussed today, go ahead and comment below and we’ll be more than happy to answer them for you. I hope this video was informative and if you’re looking to get an ITIN, don’t hesitate. Go ahead and click the link below and we’ll be happy to help you. Thank you. Take care.

Apply for your ITIN here:

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