Skip to content
BOL Conferences
Learn More - Click Here!

Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Operations Compliance ITIN Question
Thread Options
#2145514 - 09/11/17 03:53 PM ITIN Question
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,110
South
Is it a requirement to have an ITIN to open an account for NRAs?

Return to Top
Operations Compliance
#2145539 - 09/11/17 05:33 PM Re: ITIN Question beegee
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
No.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#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...
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

Return to Top

Moderator:  Andy_Z, John Burnett