Banking and moving money to the United States

Opening an account

Non-citizens can usually open a US bank account too.

• Documents usually requested: a Social Security number (SSN) or ITIN, and ID such as a passport. Without an SSN, some banks accept a foreign passport or an ITIN.
• The bank will verify your identity before opening the account.
• Large banks: JPMorgan Chase, Bank of America, Wells Fargo, Citibank. There are also local banks and credit unions.
• Deposits are insured by the FDIC to at least $250,000 at each insured bank. Before opening, you can check the bank on BankFind.

Source: FDIC: Get Banked · FDIC: Deposit insurance · FDIC BankFind

Moving money from Israel without surprises

• Prepare proof of where the money comes from: a flat sale, savings, inheritance or salaries. Banks in both countries must check it.
• Use a bank or a regulated transfer service. In the US, money services businesses (MSBs) register with FinCEN, which has a public search. In Israel: the Bank of Israel.
• For a large transfer, tell the receiving bank in advance and send the documents. That prevents a freeze during the check.

Source: Israel Money Laundering Prohibition Authority · Bank of Israel · FinCEN: MSB registrant search · FDIC BankFind