Revolut announces accounts for those lawfully in the US but who don’t have SSNs, including students, visitors, employees
Product & feature · July 25, 2023
- Revolut announces it is offering accounts to non-US citizens lawfully in the US, who do not have an SSN/ITIN
- The requirements for non-US citizens in the US to open a Revolut account include a government issued ID and a valid US visa
- These individuals will have access to many of Revolut’s everyday money management products, including international-related features
Revolut, the global financial superapp with more than 30 million customers globally, consistent with its ongoing mission to give customers more control over their finances and connect people seamlessly across the world, announces it is offering accounts to non-US citizens in the US, who do not have an SSN/ITIN.
There are more than 2.5 million people in the US on some sort of visa and who do not have a SSN or ITIN; of which 1 million are students. This population is generally ignored by financial institutions and, as a result, do not have access to cost-effective financial services and are left with limited options for managing their finances.
Revolut is changing that by offering a hassle-free solution, including easy account sign up and access to many of its everyday money management products. This includes international-related features, such as a global debit card, low fee currency exchange and international transfers, and early salary access (up to 2 days).
Danil Ovechkin, Revolut US Head of Growth, said: “We’re delighted to offer Revolut accounts to these communities of non-US citizens, who have been ignored by many traditional banks and fintechs. We are proud to be giving these customers the ability to sign up for an account, and making their lives easier by having the possibility of access to a quality financial product and accessing our everyday products designed to support their day-to-day needs. As we continue to expand access to our fast, secure, and easy financial superapp, we’re redefining how to manage money to all communities within the US.”
As part of the new accounts, non-US citizens won't have access to Revolut's credit products, investment features such as Stocks and Savings Vaults. For more details, including terms and conditions, please see here.
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