Guide to Opening a US Bank Account from India

Lorien Finance
Lorien Finance

Let's see. You plan to go to the US for your higher education or first job. So naturally, this has got you thinking about your finances. It is natural for anyone new to feel overwhelmed. Opening a bank account in USA. offers security for your funds and is the first step to creating a financial footprint in the country. Understandably, it might seem daunting, but we are here to guide you through it. Our blog will provide answers to some of the most frequently asked questions like, 'Can a non-resident open a US bank account?', 'What is the quickest way to open a US bank account from India?', 'How long does it take to get a functional bank account in the US for a non-resident?", and so on and so forth. This blog will also provide you with information regarding selecting a suitable bank account, applying for one, and getting benefits from a US bank account.

The Basics

While a non-resident is permitted to open a US bank account from India, the rules vary quite a bit. The 1964 Civil Rights Act explicitly gave private businesses in the US the right to contract with foreign individuals or groups, making it easier for new residents of the US to bank there.

Under the act, banks and credit unions have to follow a strict set of guidelines while verifying any application from someone who is non-American. However, the act was passed before 9/11 happened. Since then, it has become more difficult for foreigners to open accounts, engage in monetary transactions, or even conduct business with American financial institutions abroad.

What are the required documents to open a US Bank Account from India?

The bank you are applying to may want you to have

The contact information like name, address, and phone number

Government-issued IDs such as a passport and a valid driver's license

Utility bills with current address

Postal address in the US for delivering the credit card. If you are a student, provide your hostel address

Permanent address as per your passport

Copy of your passport

Form i20 or form i797

Alternate ID proof like college ID or your birth certificate

You have to be 18 or older to set up a checking and savings account. But these requirements vary depending on the state or financial institution. Therefore, it's best to open a US Bank Account as soon as possible. The ideal scenario is to open an account and get a US Debit Card from India before you travel.

Opening a US Bank Account from India

Opening a US Bank Account from India as a non-resident was impossible, even a few years ago. But, due to the joint efforts from private companies and the collaboration between the Indian and the US government, people migrating to the US for education or work purposes can now open an account without too much hassle. Lorien Finance is one such institute that provides fast and smooth US bank account opening process to Indian students.

Importance of SSN

If you are a citizen of the United States of America, the government issues its people with a nine-digit number known as the Social Security Number (SSN). In the case of a permanent citizen or an immigrant, you can apply for an SSN. If you plan on working in the US, you need a social security number. If you have already applied for it before reaching the US, expect to receive your SSN within three weeks of arriving. Additionally, SSN helps get a US Bank Account more efficiently, and you can get a driver's license without too much hassle.

Why is having a US Bank A/C and a debit card so important?

Since the US is a highly developed and digitally enhanced country, having a debit card in the US can be greatly beneficial. Additionally, having a debit card enables you to have instant purchasing power and be proficient in digital financial literacy. The Lorien debit cards (powered by Sable) also offer unlimited attractive rewards after a specific usage. Building your credit history is essential for getting yourself acquainted with the American economy. Your credit score determines a consumer’s credit risk.

Features of Sable Debit Card

Following are the leading features of an extravagant cash-back debit card for everyone:

  1. Unlimited cash back and premium perks: 1% unlimited cash back on your favorite brands and premium perks like Purchase Protection.

  2. No annual fees or minimum deposits: No extra charges. Put your money towards what counts instead.

  3. Easy access for global citizens: Apply with your passport and visa-no SSN required. Get multilingual customer support.

  4. Best rate on international transfers to 55+ countries: Find a better international transfer rate and we’ll match it with Sable’s Best Rate Guarantee.


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Lorien Finance

Does this inspire you and make you think of flying to different countries for your education? Well, what if we tell you, it is all possible! Any part of the world, the course of your choice, the university of your dreams!

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