This episode focus on the requirements for non-U.S. residents and foreigners to open both personal and business bank accounts in the United States, particularly when lacking a Social Security Number (SSN). The sources repeatedly emphasize that the Individual Taxpayer Identification Number (ITIN), issued by the IRS for tax purposes, is often an acceptable alternative for identity verification at major banks like Chase, Bank of America, and Wells Fargo, though a physical U.S. residential address is frequently required for personal accounts. One source from the IRS explains the precise application process for an ITIN, detailing the necessary forms and submission methods. Additionally, the texts discuss alternative financial services, such as the Wise Business account, which provide  ...