Money & Banking
4guides
The three things to sort first: a Social Security Number, a bank account, and a credit history.
Getting a Social Security Number (SSN)The SSN is the number that unlocks American life — work, banking, credit, taxes. If you're authorised to work you're entitled to one; if you're not eligible, an ITIN does part of the job.
Opening a US bank accountMost banks will open a checking account for a newcomer, and many accept an ITIN or passport if you don't have an SSN yet. The thing to watch is monthly fees.
Building a US credit score from zeroYour credit history from home does not transfer. In the US your credit score decides whether you can rent, get a phone contract, a car or a mortgage — so start building it on day one.
Monthly fees, overdrafts and how to bank for freeUS banks quietly charge for things that are free elsewhere: monthly 'maintenance', overdrafts, out-of-network ATMs. Every one of these is avoidable if you pick the right account.