Obtaining bank services for undocumented immigrants may often seem like an impossible task. But in reality, there are many banks and credit unions in the United States that can help you establish financial security regardless of your citizenship status. Below is a brief guide on what you need to know to open a bank account as an undocumented immigrant.

The Importance of Having a Checking Account

One of the most important reasons to have a checking account is to protect the money you earn. Although you can hold your cash at home or in your wallet, having your money lost or stolen is too risky. Banks and credit unions provide you with a safe place to store your funds and retrieve them as necessary.

Also, having bank account could help you establish a record of your history in the United States and obtain citizenship later on. Bank services for undocumented immigrants can also help you to build up your credit rating, an important credential that you may need to apply for school or mortgage loans in the future.

How to Open an Account

As an undocumented citizen, what you need to open a checking account will depend on the financial institution where you apply. In general, applicants who do not have a social security number should provide an Individual Taxpayer Identification Number (ITIN) instead.

Non-citizens can apply for an ITIN through the IRS, so long as they are working within the United States. To apply, you can mail in an application form or fill one out in person at a local IRS office. To complete the process, you’ll need to provide a federal tax return form and valid proof of identity, such as a current passport.

In addition to the ITIN, your banking institution will likely require a few other documents to verify your identity. Typically, a driver’s license, valid passport, and birth certificate are requested.

Where You Can Open a Bank Account

Although it is legal for non-citizens to open checking or savings accounts in the United States, each financial institution will have its own rule as to who can enroll. In some areas, there are specific organizations that provide services for undocumented immigrants. However, credit unions and select banks can often accommodate the needs of these individuals without a problem.

If you are a non-citizen adult who resides or works in the Totowa, NJ, area, you can open a checking account with the North Jersey Federal Credit Union. All you need to enroll is your ITIN and a government-issued ID. You can learn more about their financial services, as well as open an account, on their website. If you have questions about bank services for undocumented immigrants, call (973) 785-9200 to speak with a financial specialist.