How to Open a Bank Account

Opening a Bank Account and Lines of Credit

Undocumented immigrants are legally allowed to open up bank accounts in the United States. These accounts include checking, savings, and, with an ITIN, even credit cards, mortgages and other types of loans.

To open a bank account, simply go to a bank that accepts foreign identification to open up an account. A full list is located at the bottom of this page.

When you sit down with a banker, inform them that you are a “foreign national living in the United States” and that you would like to open up a checking and / or savings account. Then -- present the below documentation.

Required Documentation for Checking and / or Savings Accounts

• Mexican Matricula – How to Obtain a Mexican Matricula

    OR

• Mexican Passport – How to Obtain a Mexican Passoprt

Required Documentation for a Student Checking Account

Many banks offer student checking accounts for individuals in high school or college. To take advantage of this type of account, simply bring your student ID in addition to one of the above forms of identification.

Required Documentation for a Credit Card and Other Loans

Some banks, such as Bank of America, allow undocumented immigrants to open up lines of credit. To do this, you must have an ITIN – How to Obtain an ITIN and present this number when opening your bank account or sit down with a banker and ask them to associate your ITIN with your account.

While your initial limit will be low (usually around $1,000), by adding your ITIN to your bank account and regularly paying off your credit card balance you will steadily build your credit. Eventually, the bank will be willing to raise your credit card limit or provide you loans based on the credit history of your ITIN.

List of Texas Banks that Accept Foreign Identification