Best Bank Accounts for International Students in the USA

Best Bank Accounts for International Students in the USA

Are you looking for the Best Bank Accounts for International Students in the USA then you are at the right place. The USA receives thousands of international students across the globe. Students can get almost all the higher education qualifications from the top US universities.

However, it takes some expenses and expenditures to survive in the USA. That is why there is a need for a bank account. Here in this article, we will let you know about the best bank accounts for international students in the USA. 

Moving abroad as an international student is a significant financial decision. However, Carrying all the required funds is not possible for the students which makes international bank accounts crucial. These accounts not only ensure the safety of your money but also facilitate swift transactions, withdrawals, overdrafts, and card usage. 

Establishing a bank account in the USA is particularly beneficial for international students and aids them in effective money management. Numerous banks provide budgeting tools to guide students in making informed decisions about savings and expenditures.

What are the best bank accounts for international students in the USA?

Every year, millions of students from worldwide pursue higher education in the USA. Managing finances in a new country can be challenging, especially when students are on their own. To facilitate sound financial management having a student bank account with one of the best banks for international students in the USA is crucial.

Selecting the right bank is a key aspect of hassle-free financial management but the process can be challenging. Especially tailored for newcomers giving it a go for the first time. To simplify your search for the best bank in the US for international students. We have prepared a list of the top 10 banks that allow international students to open their bank accounts. 

Different kinds of bank accounts available to international students in the USA

Before getting into the specifics of international student bank accounts in the USA, it is essential to understand the types available. There are two primary categories: savings accounts and checking accounts.

1. Savings Account: 

Tailored for long-term savings, this account is suitable for those aiming to accumulate funds for future needs. Deposits in this account accrue interest, providing a financial incentive for saving.

2. Checking Account: 

Ideal for international students requiring regular deposits, withdrawals, and money transfers. This account comes with a debit card and a checkbook that enables convenient access to funds for living expenses.

For a more in-depth understanding of bank accounts in the USA for international students, including their functionality, facilities, minimum balance requirements, and guidance on choosing the best bank. 

How to open a bank account in the USA for international students? 

Opening an international bank account as a college student varies in difficulty based on the chosen financial institution. Going for traditional high street banks with online banking services can be a suitable choice. However, those with in-person processes may pose challenges due to higher opening requirements.

Alternatively, online neobanks in the United States and the United Kingdom present highly recommended options. These digital platforms, while not licensed banks, often offer simplified account opening procedures. The subsequent sections come with the specific requirements for opening accounts with electronic money institutions in the USA. 

For non-residents in the United States holding an Individual Taxpayer Identification Number (ITIN) is crucial for opening a bank account. The possibility of qualifying for a student credit card exists even in the absence of a credit history.

Also, the process of opening a bank account can vary from bank to bank. So, make sure to look for the terms and conditions of the bank you are applying to. You can also check out our detailed articled on Best College Student Credit Cards with No Income and Credit History

List of the Top 10 Best Bank Accounts for International Students in the USA 

If you are an international student in the USA coming for educational purposes then below mentioned is a list of the Best Bank Accounts for International Students in the USA to consider. Let’s have a look: 

1. Bank of America Advantage Banking

Bank of America Advantage Banking
Bank of America Advantage Banking

Bank of America Advantage Banking is the best recommended for high school students under 24. This account provides convenient online banking services, issues debit cards, and offers access to a vast network of 4,100 branches and 16,000 ATMs. With overdraft protection, various finance tools, and the ability to retain the account post-graduation, the bank is a comprehensive option for international students. 

2. Chase College Checking Account

Chase College Checking Account
Chase College Checking Account

Chase College Checking Account is designed for college students aged 17-24, this account comes with a waiver on monthly service fees for up to 5 years. Opening this account offers a sign-up bonus of $100. Boasting an extensive network with 4,700 branches and 16,000 ATMs, it provides flexibility and financial incentives.

3. Wells Fargo Student Checking Account

Wells Fargo Student Checking Account is offered to college students aged 17-24. The best part of the bank account is that this account offers online and mobile banking including monthly service fees and 24/7 fraud monitoring. With chip technology, it ensures secure transactions and provides access to a wide network of over 13,000 ATMs.

4. HSBC USA International Student Account

HSBC USA International Student Account
HSBC USA International Student Account

HSBC is another bank account is made for international students over 18. This account features great support on monthly service fees for the first 6 years. Also, there is a welcoming deposit of $100 and a global network. It is designed to meet the specific needs of international students studying in the US.

5. US Bank Student Checking Account

US Bank Student Checking Account
US Bank Student Checking Account

The bank account is specifically made for international students. This account provides online banking, and access to credit scores, and doesn’t charge monthly service fees or service charges for ATM transactions. It is a student-friendly option with a focus on convenience.

6. TD Convenience Checking account 

The bank account is available for students aged 18-23, this account offers special features for students aged 17-23, free transactions at TD ATMs. The best part of the bank account is that there are no minimum balance requirements. With a focus on convenience and flexibility, it caters to the banking needs of students. 

7. Key Student Checking account 

The bank account is opened for high school juniors, seniors, and those pursuing post-high school education aged 16-24. This account offers online banking, overdraft protection with no fees, and various financial wellness tools. With a minimal requirement of $50, it meets all the banking needs of students.

8. Capital One MONEY Account

Capital One MONEY Account
Capital One MONEY Account

The bank account is specially designed for students under 18, even as young as 8. This account offers an annual interest rate of 0.10% on all balances. Also, it requires no minimum deposit and provides access to over 70,000 ATMs across the USA. It’s a flexible option for younger students.

9. Trust Student Checking Account

The bank account is made for students under 23. This account requires no minimum deposit, imposes no monthly service fees, and offers two waived ATM fees from non-trust ATMs each month. With a wide network of over 3,000 ATMs, it ensures accessibility and convenience to all international students. 

10. PNC Virtual Wallet Student Account

This virtual student wallet is accessible online and comes with no monthly service fees for up to 6 years. The students get an automatic refund for their first overdraft fee and the opportunity to earn interest on their bank account balance. With over 2,600 branches and 19,000 ATMs, it combines digital convenience with a robust physical network.

Each of these banks offers specific features and benefits that are made to satisfy the needs of international students. Be sure to explore the details of each account to determine the one that aligns with your requirements. This article helps you to get all you need to know about the bank account in the USA for international students. 

Things to keep in mind while selecting a bank for international students 

When selecting the best bank in the US for international students. There are a few things that need to be kept in mind. These things are mentioned below, let’s have a look: 

  • Online Banking Facility: 

Always go for a bank that offers online banking, along with debit and credit card services. This ensures accessibility, especially considering a busy class schedule that may limit visits to the bank in person.

  • Services Offered: 

Explore additional benefits provided by US banks for international students, such as cash bonuses, discounts, ATM fee waivers, and overdraft protection. Choosing a bank with such services can contribute to saving money during your stay.

  • Branch and ATM Facility: 

Ensure the bank you choose has branches and ATMs conveniently located near your university or accommodation. Accessibility to these facilities is crucial for everyday banking needs.

  • Extra Service Charges: 

Be aware of any additional charges, such as ATM fees for withdrawals from other banks. Some banks may also impose monthly service fees. Opt for a bank with reasonable or waived fees to avoid unnecessary financial burdens.

  • Transfer Fees: 

If you anticipate making frequent money transfers, both domestically and internationally. Then make sure to consider a plan for any associated fees imposed by your chosen bank. Banks differ in the level of charges for transfers, and opting for an option that aligns with your usage patterns can contribute to cost savings and effective budgeting.

  • Account Costs and Charges:

Banks levy various charges for different account activities. Evaluating the cost structure of each bank can help you identify the most economical account that suits your usage patterns and plans. Understanding potential account charges is essential for budgeting effectively and avoiding unexpected financial burdens over time.

  • Credit History: 

If your post-study plans involve working in the USA, choosing an account that allows you to establish a local credit history is beneficial. A local credit history opens doors to additional financial options in the future, such as account overdrafts or student credit cards. Opting for the right bank can expedite the process of building financial stability, facilitating a smoother transition to the working environment in the US.

Keep in mind that It is important to strike a balance between these factors. Also, consider your unique financial habits and plans to make an informed decision when selecting an international bank account.


1. Can international students get a US bank account?

Opening a bank account as an international student is a straightforward process that can be completed before or after arriving in the United States. While some banks facilitate online account opening, others may require an in-person visit.

Each bank has its unique procedures and standards for assessing applicants, ensuring accessibility for international students.

2. Does the US Bank offer special accounts for students?

U.S. Bank provides a dedicated solution for students known as U.S. Bank Student Checking. This comprehensive checking account is designed with features tailored to assist students in effectively managing their finances.

To understand the associated fees and access a complete list of terms, policies, and pricing, individuals can refer to the Your Deposit Account Agreement and the Consumer Pricing Information disclosure.

3. What do international students need for Bank of America?

For Bank of America, international students typically need two forms of identification. This often includes a passport as the primary document and a secondary document such as a driver’s license, birth certificate, student ID, or a major credit card.

Additionally, providing an ID and a utility bill or rental agreement showing the physical address in the U.S. is commonly required.

4. Does Bank of America have student benefits?

Bank of America offers a student-friendly checking account known as Bank of America Advantage SafeBalance Banking. This account provides a straightforward and user-friendly experience, prioritizing essential banking needs.

Also, it comes with benefits such as no overdraft fees and no monthly maintenance fee for accounts owned by individuals under 25.

5. What is the minimum balance in the U.S. Bank?

To meet the criteria for maintaining a U.S. Bank account without incurring fees. Individuals can consider the following options: Maintain a minimum daily balance of $300. Maintain an average monthly collected balance of $1,000.

Hold the account with an individual aged 12 and under. Open the US Bank Smartly Checking account and join the Smart Rewards Primary tier or higher.


All the above mentioned Best Bank Accounts for International Students in the USA are offered by financial institutions, USA-based banks, or universities as well. Make sure to look for the needs and requirements for opening a bank account in each of the bank account providers. This will help you to eliminate all the mistakes and easily open your account.

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