Your Guide to Banking in the U.S.
Everything you need to know to manage your finances confidently — from opening an account to sending money home.
Banking and Money Transfers in the U.S.
Open a bank account, manage your money, and transfer funds securely while on your J-1 program. Start building smart financial habits in the U.S. from day one.
Learn How to Get Started
Banking Services
Once you’ve arrived and settled into your new home, opening a U.S. bank account is an essential next step. It ensures your money is safe, accessible, and easy to manage while you’re in the U.S.
Choosing the Right Bank
U.S. banks offer many types of accounts and services. Before opening an account, compare features like balance requirements, service fees, and digital tools. Consider convenience and accessibility when choosing your bank.
- Minimum balance and monthly service fees
- Online bill pay and mobile banking features
- ATM access and withdrawal fees
- Overdraft and penalty policies
- Mobile check deposit availability
Documents You’ll Need
Most banks require two forms of government-issued photo ID, with your passport being the most important. Your J-1 visa and proof of local residence may also be required. Check your bank’s requirements online before visiting in person.
- Passport and J-1 visa
- Proof of local address (such as lease or utility bill)
- Social Security Number or DS-2019 (if requested)
Common Bank Card Options
Credit Cards
Credit cards help build your U.S. credit history. Be cautious about overspending — unpaid balances incur interest charges.
Debit Cards
Directly connected to your checking account, debit cards let you pay for goods or withdraw money using your personal PIN.
ATM Cards
Designed for cash withdrawals from ATMs only. Not accepted for direct store purchases.
Other Payment Options
Personal Checks
Used for rent or bill payments. Funds are withdrawn directly from your account.
Cashier’s Checks
Bank-guaranteed checks for large payments — safer than cash or personal checks.
Money Orders
Prepaid and secure. Available at post offices and many convenience stores across the U.S.
PayPal
A popular online payment service for sending and receiving money internationally.
Venmo
Mobile app (owned by PayPal) for sending or receiving money instantly within the U.S.
Wise (TransferWise)
Trusted for international transfers. Offers low fees and real exchange rates for moving money between countries.
Before You Leave the U.S.
If you don’t plan to keep your U.S. bank account after your program ends, be sure to close it before departure. Leaving an inactive account open may result in unwanted fees.
