Learn how to open a US bank account for your hospitality internship or career. Discover the documents needed, fees, and tips for managing your finances.
If you’re planning to work or study in the United States, opening a US bank account is an essential step. Whether you’re coming for a J-1 Visa internship, a degree program, or a hospitality career, having a local bank account will help you manage your finances easily and securely. In this blog, we’ll guide you through the key things you need to know before opening a US bank account.
1. Choose the Right Type of Account
There are several types of bank accounts to choose from in the US. The most common are checking accounts and savings accounts. A checking account is used for everyday transactions, such as deposits, withdrawals, and bill payments, while a savings account is meant for earning interest on your savings over time. As an international student or professional, you may want to open both to manage your spending and save for the future.
2. Required Documents
To open a US bank account, you’ll need to provide certain documents. Generally, banks require:
- A valid passport or foreign government-issued ID for identification.
- A US address (such as a dormitory or rental address).
- A US visa or I-20/DS-2019 document (for students or interns).
- A Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) if you have one, but some banks may allow you to open an account without it.
- Proof of student status or employment if applicable.
Make sure to check with your bank for any specific documentation required, as this can vary by institution.
3. Understand Bank Fees
Banks in the US often charge fees for certain services, such as maintaining your account, using ATMs outside the network, or overdrawing your account. It’s important to research the bank’s fee structure before opening an account. Some banks offer no-fee checking accounts for students or newcomers, which can be a great option if you're looking to avoid unnecessary charges. Always read the fine print and understand the terms before committing to a bank.
4. Banking Services You Might Need
Many US banks offer a wide range of services, so it’s important to know what’s available. Some helpful services for international students and professionals include:
- Online and mobile banking to manage your finances from anywhere.
- Debit cards for easy access to your funds at ATMs or when making purchases.
- Wire transfers to send or receive money internationally.
- Direct deposit for receiving your salary or stipend payments.
Choosing a bank that offers the services you need can make managing your finances much easier.
5. Opening Your Account
Opening a US bank account is usually a straightforward process. Many banks allow you to open an account in person at a branch or online. If you’re opening an account as an international student or J-1 Visa holder, some banks may require you to visit a branch in person to verify your documents. However, some banks may offer online account opening with limited requirements.
During the process, you will fill out an application, provide the required documentation, and deposit an initial amount (typically a small fee or minimum deposit). Once the account is open, you’ll receive a debit card, checks, and account details to access your money.
Start Your Journey in the USA with Placement International!
At Placement International, we understand how important it is to have the right financial tools while you’re abroad. Whether you're here for a hospitality internship or to advance your career, our team is here to support you every step of the way. Start your journey with Placement International today and let us help you take care of the details, so you can focus on building your hospitality career! Apply here!
