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#2145514 - 09/11/17 03:53 PM ITIN Question
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,096
South
Is it a requirement to have an ITIN to open an account for NRAs?

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Operations Compliance
#2145539 - 09/11/17 05:33 PM Re: ITIN Question beegee
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,633
Galveston, TX
No.
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#2145764 - 09/13/17 11:32 AM Re: ITIN Question beegee
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
As a matter of policy supported by a wealth of arguments, many banks say "No U.S. TIN, no account."

If your bank is not going to require a U.S. TIN then you should at least require a TIN assigned by the individual's country of origin as a condition of opening the account. The CTR and the 1042S expect you to have one...
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