Banks that accept ITIN in Virginia — complete guide

Banks that accept ITIN in Virginia

Virginia at a glance

Virginia is home to about 1,120,207 foreign-born residents (12.9% of the state’s 8,657,499 people) and 929,140 residents of Hispanic or Latino origin (10.7%), per the U.S. Census Bureau’s American Community Survey (2023 5-year estimates). The procedures below apply to everyone in Virginia regardless of immigration status unless noted.

Yes, you can open a bank account in Virginia using your ITIN — both at neobanks (Chime, Varo, Current) and at traditional banks with branches in your area.

Digital neobanks (available in Virginia)

These operate 100% online and accept ITIN without requiring physical presence. Work in all 50 states.

• Chime — No monthly fees, Spanish app, free direct deposit
• Self — Specialized credit-building product from zero
• Varo — Only neobank with own national banking charter
• Current — Cashback in select categories, simple app

Traditional banks with physical branches in Virginia

• Bank of America — verify local branches on their website. Generally accept ITIN for opening checking and savings accounts.
• Wells Fargo — verify local branches on their website. Generally accept ITIN for opening checking and savings accounts.
• Truist — verify local branches on their website. Generally accept ITIN for opening checking and savings accounts.
• Capital One — verify local branches on their website. Generally accept ITIN for opening checking and savings accounts.

Note: policies can vary by branch. Some branches in non-Hispanic areas may be less familiar with ITIN — push back or go to another branch.

Credit-building products in Virginia

Available to all ITIN holders regardless of state:

• Self Credit Builder Account — $25-$150/month, reports to 3 agencies over 12-24 months
• OpenSky Secured Visa — no credit check, $200 minimum deposit
• Discover It Secured — 1-2% cashback, no annual fee
• Capital One Quicksilver Secured — 1.5% cashback, no annual fee

See: Building credit with ITIN step by step

Related information

• Complete comparison of ITIN banks
• Building credit with ITIN
• ITIN mortgages
• Remittances from US

Last verified: 2026-05-25.

General procedural information for educational purposes. Not legal, tax, or immigration advice. Laws and fees change — verify with the issuing agency before taking action. For case-specific guidance, consult a licensed immigration attorney or other appropriate professional.

Related procedural information

• ITIN — taxpayer ID for banking — required to open most accounts without SSN
• ITIN mortgages — home loans — qualifying without SSN
• Form an LLC for business banking — separate business and personal finances
• Find legal aid for banking disputes — consumer-protection attorneys
• Consulate of your country — many provide ITIN-friendly bank referrals

ITIN bank account context (2025-2026)

The Individual Taxpayer Identification Number (ITIN) is a 9-digit IRS number (begins with 9) used for tax filing by individuals without Social Security Numbers. Form W-7 (Application for ITIN) is filed with the IRS, NOT USCIS. Processing time approximately 7 weeks for mail-in to Austin Service Center. ITIN-only banking is fully legal under 31 CFR 1020.220 (Customer Identification Program rules); banks rated NCUA/FDIC are not required to refuse ITIN customers.

Major ITIN-friendly national banks include Bank of America, Wells Fargo, Citibank, Chase, US Bank, BBVA (now PNC), Self Financial, Chime (ITIN supported for limited products), Varo, and most credit unions. Required documents for ITIN account opening typically: (1) Valid government-issued photo ID (passport or consular ID / matrícula consular), (2) ITIN letter from IRS, (3) Proof of US address (utility bill, lease, USPS forwarding confirmation), (4) Initial deposit varies ($25-$100 typical).

The 2026-05-29 H.R.1 / OBBBA changes did NOT affect ITIN banking eligibility. The Bank Secrecy Act (31 USC 5311) requires Currency Transaction Reports (CTRs) for cash transactions over $10,000, applied uniformly regardless of ITIN/SSN status. Suspicious Activity Reports (SARs) similarly apply uniformly. Banks are explicitly prohibited from sharing account information with ICE absent a federal subpoena.

ITIN mortgage lending: portfolio CDFI (Community Development Financial Institution) lenders and select community banks offer non-QM ITIN mortgages with typically higher rates (1-2% above FHA), larger down payments (20%+), and shorter terms (15-30 years). Form 1099-INT is issued by banks for interest earned (you must report on Form 1040 with ITIN). Consult /procedures/itin/ for the federal ITIN procedure and /banking/itin-mortgages/ for home loan options.

Contact IRS for ITIN questions: 1-800-829-1040 Monday-Friday 7:00am-7:00pm local time. For TAC ITIN appointments: 1-800-829-4933 (business hours). For ITIN scam concerns: report to FTC at reportfraud.ftc.gov or call 1-877-FTC-HELP.