Can you open a bank account with an ITIN?
What an ITIN is
An ITIN is a tax-processing number issued by the IRS to people who are required to have a US taxpayer identification number but are not eligible for an SSN. An ITIN is for tax purposes and does not confer work authorization or immigration status. Read the IRS ITIN page.
What banks typically require to open an account
- Identification number: SSN or ITIN, depending on the bank.
- Government-issued photo ID: passport, driver's license, state ID, or foreign ID accepted by the institution.
- Proof of address: utility bill, lease, or similar, per the bank's requirements.
- Initial deposit: the minimum for that account, if any.
Where Kronos fits
Kronos uses Plaid for identity verification at onboarding. Whether a specific ID type is accepted for a provider-dependent account depends on the partner bank's current requirements, shown in the app. KronosPay LLC is a financial technology company, not a bank. Read the bank-status page.
Primary sources
- IRS: Individual Taxpayer Identification Number
- FinCEN: Customer identification rules
- CFPB: Bank accounts and services
Is an ITIN the same as an SSN?
No. An ITIN is for tax processing and is issued to people ineligible for an SSN. It does not confer work authorization or immigration status.
Does Kronos accept an ITIN?
Whether a specific ID is accepted for a provider-dependent account depends on the partner bank's current requirements, shown in the app at onboarding.
General educational information only; not legal or tax advice.