Leading Banks in Delaware for Non-Residents in 2025

Leading Banks in Delaware for Non-Residents in 2025

Delaware is known for its business-friendly environment and favorable banking regulations, making it an attractive option for non-residents seeking to open bank accounts. This article provides a comparative review of the leading banks in Delaware, focusing on account types available for non-residents, along with their pros and cons, typical fees, and the account opening process.

Quick Summary

In 2025, several banks in Delaware cater to non-residents looking to establish banking relationships. Notable institutions include:

- Wells Fargo
- Bank of America
- Chase Bank
- PNC Bank
- TD Bank

Each bank offers various account types, including checking, savings, and business accounts, with differing eligibility requirements and fee structures.

Eligibility & Requirements

Eligibility for non-residents varies by institution, but common requirements typically include:

- Identification: A valid passport or government-issued ID.
- Proof of Address: Some banks may require a utility bill or lease agreement from your home country.
- Tax Identification Number: Non-residents may need to provide a Tax Identification Number (TIN) or Social Security Number (SSN) if applicable.
- Initial Deposit: Many banks require an initial deposit to open an account, which can vary by account type.

Always check with the specific bank for its latest requirements, as these can change.

Step-by-Step Opening Process

Opening a bank account as a non-resident in Delaware generally follows these steps:

1. Research and Choose a Bank: Compare banks based on their services, fees, and account types.
2. Gather Required Documents: Prepare identification, proof of address, and any necessary tax identification.
3. Visit a Local Branch or Apply Online: Some banks allow online applications, while others may require in-person visits.
4. Complete the Application: Fill out the application form with your personal details and account preferences.
5. Make an Initial Deposit: Fund your account with the required minimum deposit.
6. Receive Confirmation: After processing, you'll receive account details, including your account number and online banking access.

Typical Fees & Timelines

Fees for non-resident bank accounts in Delaware can vary significantly depending on the bank and account type. Below are typical fee ranges:

- Monthly Maintenance Fees: $0 - $15, depending on the account and whether you meet minimum balance requirements.
- ATM Fees: $0 - $3 per transaction at non-network ATMs.
- Overdraft Fees: $30 - $40 per incident.
- Wire Transfer Fees: $15 - $50 for domestic transfers; international transfers can be higher.

Timelines for account opening also vary. Generally, you can expect:

- In-Person Applications: Same-day account opening if all documents are in order.
- Online Applications: 3-5 business days for processing.

Always verify current fee structures and timelines directly with the bank, as they may change.

Alternatives & Digital Banks

For non-residents, digital banks and online financial institutions offer convenient alternatives to traditional banks. Some notable options include:

- Revolut: Offers multi-currency accounts, competitive exchange rates, and low fees.
- Wise (formerly TransferWise): Known for its borderless banking services and low international transfer fees.
- Chime: Offers no-fee checking and savings accounts, though its availability may vary for non-residents.

These digital banks often provide user-friendly apps and customer support via online channels, making them attractive options for tech-savvy individuals.

FAQs

1. Can non-residents open a bank account in Delaware?
Yes, many banks in Delaware allow non-residents to open accounts, but requirements may vary.

2. What identification is needed to open an account?
Typically, a valid passport or government-issued ID is required, along with proof of address.

3. Are there monthly fees for non-resident accounts?
Yes, many banks charge monthly maintenance fees, which can range from $0 to $15.

4. How long does it take to open an account?
In-person applications can be processed the same day, while online applications may take 3-5 business days.

5. Can I manage my account online?
Most banks offer online banking services, allowing you to manage your account, pay bills, and transfer funds.

6. Are there alternatives to traditional banks?
Yes, digital banks like Revolut and Wise provide alternative banking solutions with lower fees and online services.

7. Do I need a U.S. Tax Identification Number to open an account?
While not always required, some banks may ask for a TIN or SSN, particularly for tax reporting purposes.

8. Can I access my funds internationally?
Yes, most banks offer international wire transfer services, but fees may apply.

Disclaimer

For informational purposes only; not financial/tax/legal advice. Always consult with a financial advisor or the bank for specific guidance related to your situation.

About the Author

Marks Toms – Editor-in-Chief
Marks oversees editorial policy, compliance, and fact-checking at bankaccountsopen. Read more articles