ITIN and bank account

important · #1 Feb 21, 2007, 12:33 PM

Is a person having ITIN eligible to have a bank account in his name. If yes, what type of bank account? Can he also get a credit card?

shelley7180 · Feb 21, 2007, 12:54 PM

ITINs are strictly for tax processing, not for identification. I'm sure that your passport or visa is enough to get a checking or savings account. If you need a credit card you may want to look into something like a pre-paid Visa or Master Card. They work like a credit card, but without a monthly bill. Some do have a nominal monthly fee of $3-$5, but you are only charged if you have a balance on the card. (It's similar to a finance charge on a credit card.)



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