How Do You Open A Bank Account Without A SSN?
Almost anytime money is involved, consumers are asked to provide their Social Security number (SSN) for credit and background check purposes. Banks will almost always refuse to open an account for someone who does not provide a SSN. However, what many people do not realize is that they have a legal right to deny providing their SSN to a bank, and are still legally entitled to a bank account. Tell the bank where you want to open an account that you have terminated your SSN. This can be done in accordance with the U.S. Code of Federal Regulations, specifically Title 20 CFR 3 A7 404.1905. You may have to provide this code to the banker as proof you are familiar with the laws. Remind your banker that there are no legal ramifications against the bank for failing to acquire a SSN from an account applicant. Mention that under the Code of Federal Regulations, under Title 26 CFR 301.6109-1(c), banks are not legally required to acquire SSNs from all their applicants. Point out that it is a felon
