How to open a bank account as an international student

Q: How do you open a bank account in the US if you are a foreigner?

Youll Need an ID Foreign or not, applicants for a bank account must at least verify their name, date of birth, and physical address, say, from a utility bill. But if youre foreign-born, you may need to offer more. These customers also need to show photo identification that includes a numeric identity.

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Table of Contents Show

Can F1 students open bank account?
Which bank account is best for international students?
What documents are needed to open a bank account for international students?
How do you open a bank account in the US if you are a foreigner?

1 International account opening is not available in all countries and is subject to approval based on local regulations and policies of country or application.

2 Global View and Global Transfers are only available for HSBC Premier6 and HSBC Advance7 clients and are not available in all countries. Foreign currency exchange rates and local country limitations may apply. Transfers from HSBC accounts from outside the U.S. may be subject to transfer fees. Personal Internet Banking is required to access Global View and Global Transfers. Access to U.S. Personal Internet Banking through Global View from outside the U.S. may be limited.

3 This offer is only available for New to Bank customers who open an HSBC checking account from January 1, 2021 through and including May 13, 2022. Applicants must have arrived in the U.S. from January 1, 2021 through and including May 13, 2022 in order to be eligible for the HSBC New to U.S. Services. All applications must be supported by documents providing the date of arrival in the U.S.: a Passport, Visa, job offer letter, lease agreement or a copy of the applicant’s U.S. Social Security card showing the date of issuance will qualify for the offer. Documents are subject to approval by HSBC Bank. HSBC Bank reserves the right to change or terminate what is a supporting document at any time and at its sole discretion. Applicants need to activate their service membership within 12 months of account opening. Approved customers will receive 12-month complimentary access to HSBC New to U.S. Services, beginning from the date of activation, and a 30-day SIM Card. Additional restrictions may apply.

HSBC New to U.S. Services

HSBC New to U.S. Services are lifestyle services delivered to approved customers by Aspire Lifestyles and its affiliates (“Supplier”). The Supplier is subject to change at any time without notice. The New to U.S. Services are subject to limited availability, and to the terms, conditions and restrictions imposed by Supplier. HSBC Bank is not responsible for the delivery of, or for any failure to deliver, the New to U.S. Services. Calls to the Supplier are charged at a local rate. Charges for the products or services provided will be notified at the time of booking by Supplier and subject to terms, conditions and restrictions imposed by Supplier. HSBC Bank and its respective parents, subsidiaries and affiliates are not responsible for any of the above listed charges. Calls may be recorded at Supplier’s discretion. HSBC Bank, and its respective parents, subsidiaries and affiliates are not liable or responsible for these recordings. Your contact details are held with your permission so that you can access the New to U.S. Services. Supplier is solely responsible for the protection of your contact details. HSBC Bank, and its respective parents, subsidiaries and affiliates make no guarantees, warranties or representations of any kind, expressed or implied, with respect to such services and/ or items, and shall not be liable for any loss, expense, accident or inconvenience that may arise in connection with the use of such services and/or items, or as a result of any defect in or failure of such services and/or items. These offers, products, and services are not exchangeable, refundable, or redeemable for cash or credit under any circumstances and are not replaceable in the event of loss, destruction after issuance or expired (if applicable). All promotional offers, products and services offered by HSBC are subject to updates, modifications and/or termination by HSBC.

30 day SIM card

Supplier will provide and deliver applicable 30-day SIM Card to approved customers. SIM Card wireless carrier is T-Mobile. Supplier and wireless carrier subject to change at any time without notice. Subject to limited availability, and to the terms, conditions and restrictions imposed by Supplier. HSBC Bank, and its respective parents, subsidiaries and affiliates are not responsible for the delivery of, or for any failure to deliver, the SIM Card. First 30 days’ cost of the SIM Card, calculated and applied solely by Supplier, will be covered by HSBC Bank; thereafter, Supplier may provide special pricing should customer continue with the same SIM Card. SIM card is for use in the U.S. only. Requires 4G and above compatible handset. Plan – 2 GB data + unlimited calls to over 190 countries as determined by Supplier + 200 texts messages. Additional data rate charges from Supplier may apply pursuant to your agreement with Supplier. HSBC Bank, and its respective parents, subsidiaries and affiliates are not responsible for these charges. Card is valid for 30 days from time of activation as calculated by Supplier; at Supplier’s discretion, SIM Card can be extended for 30-day increments within 5 days of each expiration date of SIM Card and becomes non-renewable at 5 days past expiration. Automatic 30-day increment renewal may available through Supplier. HSBC Bank, and its respective parents, subsidiaries and affiliates make no guarantees, warranties or representations of any kind, expressed or implied, with respect to such services and/ or items, and shall not be liable for any loss, expense, accident or inconvenience that may arise in connection with the use of such services and/or items, or as a result of any defect in or failure of such services and/or items. These offers, products, and services are not exchangeable, refundable, or redeemable for cash or credit under any circumstances and are not replaceable in the event of loss, destruction after issuance or expired (if applicable). All promotional offers, products and services offered by HSBC are subject to updates, modifications and/or termination by HSBC.

4 Accounts eligible for Global Transfers include all HSBC deposit accounts, except for CDs. All HSBC accounts, however, are viewable within Global View.

5 HSBC offers the Modules for educational purposes only and they should not be considered professional or investment advice. While HSBC is pleased to offer the Modules as an educational service to our customers, HSBC does not guarantee, warrant or recommend the opinion or advice or the product and/or services offered or mentioned in these Modules. Any opinions, judgments, advice, statements, services, offers or other information presented within a Modules are those of a third party and not HSBC. For a comprehensive review of your personal finances, always consult with a tax or legal advisor. Neither HSBC, nor any of its representatives may give legal or tax advice.

6 To qualify for an HSBC Premier relationship, you need to open an HSBC Premier checking account and maintain:

• Balances of $75,000 in combined U.S. consumer and qualifying commercial U.S. Dollar deposit and investment* accounts; OR

• Monthly recurring direct deposits totaling at least $5,000 from a third party to an HSBC Premier checking account(s); OR

• HSBC U.S. residential mortgage loan with an original loan amount of at least $500,000, not an aggregate of multiple mortgages. Home Equity products are not included.

• Consumers who maintain Jade status.

A monthly maintenance fee of $50 will be incurred if one of these requirements is not maintained.

7 The HSBC Advance Checking account is no longer offered.

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United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax adviser for more information.

* Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.

Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be canceled or are subject to change at any time and cannot be combined with any other offer or discount.

Deposit products are offered in the U.S. by HSBC Bank USA N.A. Member FDIC.

Can F1 students open bank account?

A social security number is not required for an F-I or J-I student to open a bank account, but you will need proof of identification and immigration status in the U.S. (passport, I-94, and I-20 or DS-2019).

Which bank account is best for international students?

Here is a list of the best bank accounts for international students in USA:.

Bank of America Advantage Banking..

Chase Bank College Checking Account..

Wells Fargo Student Checking Account..

HSBC USA International Student Account..

US Bank Student Checking Account..

TD Convenience Checking..

Key Student Checking..

What documents are needed to open a bank account for international students?

The information that banks need to open an account varies, but in general, you'll be asked for two forms of identification (typically a passport and a secondary document such as a driver's license, birth certificate or student identification), government forms related to your domestic studies and a letter proving you ...

How do you open a bank account in the US if you are a foreigner?

You'll Need an ID Foreign or not, applicants for a bank account must at least verify their name, date of birth, and physical address, say, from a utility bill. But if you're foreign-born, you may need to offer more. These customers also need to show photo identification that includes a numeric identity.