Skip to main content
Home
Exterbox

Main navigation

  • Home
  • Best US Banks
  • Best Credit Cards
  • Virtual Address
User account menu
  • Log in

Breadcrumb

  1. Home

Mercury Bank vs Wells Fargo for non residents

By Rohan Smith, 15 December, 2022

Mercury Bank review for non-residents without SSN

By Rohan Smith, 17 November, 2022
Bank
Mercury Bank
SSN Required?
No
ITIN Required?
No
Can Apply Online?
With EIN
Summary

Mercury is an online banking platform that includes both a business checking account and a business savings account with no monthly fees. Designed with startups in mind.

Features
  • No monthly fees, transaction fees, or minimum opening deposit.
  • Free domestic and international wire transfers.
  • Access to over 55,000 fee-free ATMs to withdraw cash through the Allpoint network.
  • Advanced digital tools including API access to automate and customize your banking.
Cons
  • Not available to sole proprietors.
  • Can’t accommodate cash deposits.
  • Low savings account rate.
Link
Apply Now!
Neobank?
Yes

Wells Fargo review for non-residents without SSN

By Rohan Smith, 17 November, 2022
Bank
Wells Fargo
SSN Required?
For Residents
ITIN Required?
No
Can Apply Online?
With SSN
Summary

Wells Fargo offers a large network of branches, many ATMs, and a variety of financial products. Monthly fees on basic bank accounts can be easily waived, but savings rates tend to be low. If you have a high enough balance across eligible accounts, you could receive upgrades on interest rates (but they’re still lower than the national average). Wells Fargo may be a good fit if you’re looking for a large network of branches and ATM access is important to you.

Features
  • Account: Everyday Checking.
  • US residence required: Yes (though not necessarily primary residence).
  • SSN/ITIN required: Only for US citizens.
  • No minimum daily balance required - Outgoing int'l wire cost: $30 plus an additional 4%-10% (depending on the currency)
Cons
  • Yields on certificates of deposit and savings accounts are low, like many big banks.

  • There is an out-of-network ATM fee of $2.50 for checking account customers.

  • The money market account has a steeper monthly fee if a specified balance isn’t maintained.

  • Wells Fargo still charges a $35 fee for over-drafting your account on most of its checking accounts.

Link
https://www.wellsfargo.com/checking/everyday/
Rohan A Smith profile photo

Hi I'm Rohan Smith, an internet entrepreneur who's been running online businesses and working remotely in the US from the Caribbean for over a decade.
I've learned how to operate a US incorporated business, open US bank accounts, & get credit cards without being a resident or citizen.
Read More...

Footer

  • Contact
  • Sitemap