Bank of America vs North One for non residents

By Rohan Smith, 15 December, 2022

Bank of America review for non-residents without SSN

Bank
Bank of America
SSN Required?
For Residents
ITIN Required?
No
Can Apply Online?
With SSN
Summary

The Bank of America is the second-largest bank in the US and one of the top ten largest globally, Bank of America is a financial services titan that provides a wide assortment of retail, business, and investment banking services to over 66 million customers across the globe.

Features
  • Low monthly maintenance fees and minimum opening deposits.
  • Very familiar with opening accounts for foreigners.
  • Lots of international partner ATMs.
Cons
  • Monthly fee $4.95 - 3% Int'l card payment cost.
  • Relatively high foreign transaction fees.
Link
https://www.bankofamerica.com/

North One review for non-residents without SSN

Bank
North One
SSN Required?
For Residents
ITIN Required?
No
Can Apply Online?
With EIN
Summary

The NorthOne business bank account is a worthwhile option for any small business owner looking for an online business checking account. For a $10 monthly fee, NorthOne offers unlimited fee-free transactions, fee-free in-network ATM access, and a variety of digital tools.

Features
  • Unlimited fee-free transactions.
  • No NorthOne fees when you use a Mastercard Cirrus or MoneyPass ATM; ability to deposit cash through the Green Dot network.
  • Digital banking tools include unlimited Envelopes, bill pay, and expense management.
  • Integrate with business tools, including QuickBooks, Shopify, Stripe, Square, and Expensify.
  • Access customer support via in-app live chat, phone, or email with extended hours.
Cons
  • $10 monthly fee, with no options to waive.
  • You may incur ATM fees from the ATM owner-operator, even when in-network.
  • Cash deposits at Green Dot locations incur a fee of up to $4.95 per deposit.
  • Can’t send or receive international wires.
  • High fees, and low limits for cash deposits.
Link
https://get.northone.com/
Neobank?
No