A bank account for immigrants which is pre-approved and ready to use before you arrive in the US. ZERO Fees - No overdraft fees. No NSFs. No Annual Fee. Ever. Get credit up to $5,000. No SSN Required. Deposits are FDIC insured up to $250K.
Hi everyone,
My name is Rohit and I’m the co-founder and CEO of Stilt. We are excited to bring you the most powerful bank account for immigrants and visa holders. You can get an account on B-1/B-2, F-1, H-1B, J-1, L-1, TN, O-1, DACA and many more visa types.
We bring years of experience in helping immigrants with financial services to our next product. It has all the features to help you get settled financially when you move to the US.
- Open an account in minutes.
- No minimum account balance required.
- Instant Virtual cards for online shopping.
- Credit lines up to $5k. No SSN required.
- No foreign transaction fees.
- No WIRE transfer fee.
- FDIC insured up to $250k.
and a lot more.
@rohitdotmittal Great product!
You are saying that "You can get an account on B-1/B-2 (...) and many more visa types." while in the website it says "B1/B2 and several other visas are not eligible."
Can you clarify that?
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@rohitdotmittal Congrats on the launch, looks very cool! Is it possible for an expat like me, who is a US citizen but lives elsewhere, to sign up for a Stilt account + card? For some reason I can't find a bank that'll open an account for me with a debit card because I don't have a residence in the US.
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@rohitdotmittal I'm confused. The eligibility says "You need to be physically present in the U.S. during the application process."
@mrahmadawais Hi Ahmad, we also have a lending product and the link may be pointing to eligibility requirements of our unsecured loan product. We will get this fixed.
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Wait, how is this even legal? Can this be opened by any US citizen? How do you prevent people abusing these kind of accounts to stash away cash from IRS as there is no SSN linkages. How does your IRS reporting works?
@shital_shah Hi Shital, Yes this is totally legal and U.S. citizens can also open an account. By democratizing access to immigrants, we do not exclude people with SSNs. Stilt account is built on top of a real bank behind the scenes. We follow best practices to prevent money laundering and the bank does the same.
@bkim9324 Hi Brian, we only make money when you use our debit card and credit products. It aligns interests and pushes us to build a great product that customers find valuable.
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Virtual cards, No SSN, foreign transaction or wire transfer fee, being FDIC insured are all very attractive for all, including immigrants. Many Many congratulations Rohit, Priyank and team. All the very best to you all.
Congratulations Stilt team! As an immigrant, I know how hard first few months can be in a new country. Having access to a bank account will alleviate much of that stress. Wish you a lot of success!
Countless times have I wished for something like this to exist. The embedded credit facility is a life savior early on. Congrats and thanks for building this!
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