In order to choose the best fit, you must consider (i) the security of the bank, (ii) the bank’s benefits and costs, (iii) its geographical and digital network and (iv) the requirements for opening an account.  In the list below, we present the most popular financial institutions in America to start your financial journey:

Chase:

  • 51 million active digital customers
  • More than 5,000 branches and 16,000 ATMs
  • Free online mobile banking and visa debit/credit cards
  • Maintenance costs: $12/month if you don’t keep a $1,500 daily balance*
  • Requirements: Passport, proof of address, $25 minimum deposit, not requires ITIN or SSN

Bank of America:

  • 30 million active digital customers
  • More than 4,600 branches and 15,900 ATMs
  • Free mobile banking and visa debit/credit cards
  • Maintenance costs: $12/month if you don’t keep a $1,500 daily balance or $250 deposit/month*
  • Requirements: Passport, proof of address, $25 minimum deposit, not requires ITIN or SSN

Citibank:

  • Largest credit card issuer in the world
  • 138M customers worldwide
  • 700 branches in the USA (+1,800 overseas) and 30,000 free ATMs.
  • Free protection against fraud and mobile phones
  • Maintenance costs: $12/month if you don’t keep a $1,500 daily balance or $250 monthly deposit (waived if 62 years old or older)
  • Requirements: Passport, second ID (another debit/credit card), proof of address, $0 minimum deposit, doesn’t require SSN/ITIN

Wells Fargo:

  • 30.9M active digital customers in the US
  •  8,050 branches and 13,000 ATMs
  • Free access to mobile banking
  • Maintenance fee: $10 or $5*
  • Requirements: Passport, proof of address, $25 minimum deposit, it requires an SSN or ITIN

Capital One:

  • 28.4M active digital users
  • 755 branches and 40,000 ATMs across the US
  • No minimum deposit amount and offers up to 0.9% interest on your money (as of December 2020)
  • Maintenance fee: Free
  • Requirements: Passport, proof of address, $0 minimum deposit, requires SSN or ITIN

HSBC:

  • 40M customers worldwide
  • 200 branches and is present in California, Connecticut, Delaware, Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia and Washington state.
  • Maintenance fee: $1
  • Requirements: Passport, address in country of origin, $50 minimum deposit, proof of US relationship (Student card, work permit, investor ID, etc.)

*If you are between 17 and 24 years old and certify student status, you can waive maintenance costs through a student account.