Bank Accounts

How to Open a Bank Account as an Undocumented Immigrant

How to Open a Bank Account as an Undocumented Immigrant

Learning how to open a bank account as an undocumented immigrant can feel challenging and uncertain. Many face the dilemma of wanting to secure their earnings and assets while grappling with fears of exposure and legal repercussions. Another challenge is the critical yet often intimidating task of understanding how to open a bank account as …

How to Open a Bank Account as an Undocumented Immigrant Read More »

Episode 30. Why Having Your Money Sit In A Bank Account Is More Risky Than Investing

Listen as Adina, from Immigrant Finance talks about how It’s more risky for money to sit in a bank account than to invest. WHY IS THIS SO IMPORTANT? You need to know the pros and cons of how to navigate different financial products to build wealth for you and your family. Your money sitting in …

Episode 30. Why Having Your Money Sit In A Bank Account Is More Risky Than Investing Read More »

Episode 21. High Yield Savings Accounts vs. Investing

Listen to a recording of our live training \”High Yield Savings Accounts vs. Investing\” from our Private Community Facebook group, \”Building Wealth for Immigrant Families.\” We discuss the pros and cons of putting your money into a high yield savings account in a bank vs. investing it in the stock market or other investment opportunities. …

Episode 21. High Yield Savings Accounts vs. Investing Read More »

How Do I Get an Individual Taxpayer Identification Number or ITIN?

An identification number is needed at most banks to open a bank account or to get a credit card. The most common type of identification number is a social security number. If you don\’t qualify for a social security number, you can consider apply for an Individual Taxpayer Identification Number (ITIN).

Use Form W-7 to apply for an Individual Taxpayer Identification Number or ITIN.

Top 3 Reasons Why Immigrants Should Open Bank Accounts in the U.S.

Opening a bank account is the first most important step to personal finance for immigrants. Here are the top 3 reasons why immigrants should open bank accounts in the U.S. Before we get into why it makes sense for immigrants to open bank accounts, let’s cover the common question: What groups of immigrants can open …

Top 3 Reasons Why Immigrants Should Open Bank Accounts in the U.S. Read More »

5 Smart Financial Moves to Make Your First Few Months as a New Immigrant

We know it´s hard to move to a new country and figure out the financial system. There is no easy way to find information about what financial moves you need to be doing. It is difficult to find resources about what you should be trying to learn. We know because we´ve been there. And that´s …

5 Smart Financial Moves to Make Your First Few Months as a New Immigrant Read More »

empower immigrant families

How Immigrants Can Open Bank Accounts in the U.S.

There is a lot of misunderstanding about how can immigrants open bank accounts.  Yes, you can!  In the United States, banks should not ask what your immigration status is. Many do not require you to have legal status.  There are ways to establish your identity without having status or a social security number. Opening a …

How Immigrants Can Open Bank Accounts in the U.S. Read More »

Shopping Cart