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 Wise for non residents

By Rohan Smith, 15 December, 2022

Mercury Bank review for non-residents without SSN

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

Wise review for non-residents without SSN

Bank
Wise
SSN Required?
No
ITIN Required?
No
Can Apply Online?
Yes
Summary

Wise isn't a bank in the US but a money transfer operator that's well-known for offering some of the cheapest international transfers globally. However, in addition to money transfers, Wise also offers a Multi-Currency Account, a low-cost foreign currency spending account, and a Visa debit card.

Features

Even without a US residence, the Wise Account gives you US checking details.

  • A debit card to spend in 50+ currencies, including US dollars.
  • You can use this account to get paid by employers in US dollars. - Send money domestically within the US.
  • The Wise debit card is accepted worldwide.
  • Local bank details are not just in the US, but also in the UK, EU, Australia, New Zealand, Singapore, Romania, Canada, and Hungary.
Cons
  • The fee to receive wire transfers (domestic and international) is $7.50 per transaction.
  • Incoming payments can only be in US dollars, no other currency will be accepted.
  • Incoming domestic transfers take 2 to 3 working days to arrive in the account, while international transfers take 4 to 5 days.
  • You can't yet set up a direct debit.
Link
Apply Now!
Neobank?
Yes
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