Editor’s Picks Banks in North Dakota for Non-Residents in 2025

Navigating the banking landscape as a non-resident can be challenging, especially when considering the various options available in North Dakota. This article provides a comparative review of some of the prominent banks in the state, focusing on their account types, pros and cons, and typical fees.

Quick Summary

North Dakota offers a range of banking options for non-residents, including traditional banks and credit unions. Each institution has different account types, services, and fee structures. Non-residents should consider factors such as accessibility, fee structures, and account requirements before choosing a bank.

Eligibility & Requirements

General Eligibility

Most banks in North Dakota require non-residents to meet certain eligibility criteria to open an account. Common requirements include:

- A valid government-issued ID (e.g., passport or driver’s license).
- A Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
- Proof of address (this can often be satisfied with utility bills or lease agreements).
- Initial deposit (if applicable).

Specific Bank Requirements

1. Bank of North Dakota (BND)
- Offers accounts primarily to residents but may allow non-residents under specific circumstances.

2. U.S. Bank
- Generally open to non-residents, but may require additional documentation.

3. First International Bank & Trust
- Accepts non-residents but requires verification of identity and address.

4. Gate City Bank
- Allows non-residents to open accounts with proper documentation.

Step-by-Step Opening Process

1. Research and Compare Banks: Evaluate different institutions based on services, fees, and required documentation.

2. Gather Required Documents: Collect necessary identification, proof of address, and any other documents required by the bank.

3. Visit the Bank or Apply Online: Depending on the bank, you may need to visit a branch in person or you may have the option to apply online.

4. Complete Application Form: Fill out the application form with accurate personal information.

5. Submit Documentation: Provide the bank with the required identification and proof of address.

6. Make Initial Deposit: If applicable, fund your new account with the required initial deposit.

7. Receive Account Details: Once approved, you will receive your account details, including your account number and any relevant banking materials.

Typical Fees & Timelines

When considering banking options, it’s essential to understand the typical fees associated with accounts in North Dakota. Here’s a general overview:

Fee Ranges

- Monthly Maintenance Fees: Typically range from $0 to $15, depending on the account type and minimum balance requirements.
- ATM Fees: Non-network ATM withdrawals may incur fees ranging from $1.50 to $3.00 per transaction.
- Overdraft Fees: These can range from $25 to $35 per occurrence.
- Wire Transfer Fees: Incoming wire transfers usually cost between $0 and $15, while outgoing transfers can range from $15 to $30.
- Account Closure Fees: Some banks may charge a fee if an account is closed within 90 to 180 days of opening, typically ranging from $10 to $25.

Timelines

The account opening process can vary by institution but generally takes between 1 to 5 business days for approval once all documentation has been submitted.

Alternatives & Digital Banks

For non-residents in North Dakota, digital banks can be an appealing alternative to traditional banks. These institutions often have lower fees and more flexible account options. Some notable digital banks include:

- Chime: Offers a no-fee checking and savings account with easy online access.
- Ally Bank: Known for high-yield savings accounts and no monthly maintenance fees.
- Aspiration: Provides socially responsible banking options with a focus on sustainability.

Non-residents may find these digital banks easier to work with, especially if they do not need in-person banking services.

FAQs

1. Can non-residents open a bank account in North Dakota?Yes, many banks in North Dakota allow non-residents to open accounts, provided they meet specific requirements.

2. What identification do I need to open an account?You typically need a valid government-issued ID, proof of address, and an SSN or ITIN.

3. Are there any monthly fees for accounts?Yes, monthly maintenance fees can range from $0 to $15, depending on the bank and account type.

4. Can I open an account online?Many banks offer online account openings, but some may require in-person visits for non-residents.

5. What should I do if I’m unsure about fees?It’s recommended to verify all fees directly with the bank or credit union before opening an account.

6. How long does it take to open an account?The account opening process can take between 1 to 5 business days after submission of all required documents.

7. Are there alternatives to traditional banks?Yes, digital banks and credit unions can serve as alternatives, often with lower fees and more flexible options.

8. What happens if I close my account early?Some banks may charge a closure fee if the account is closed within a specified period after opening.

Conclusion

Choosing the right bank in North Dakota as a non-resident involves careful consideration of eligibility requirements, fees, and services offered. By comparing traditional banks and digital alternatives, non-residents can find an option that suits their banking needs.

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Disclaimer: For informational purposes only; not financial/tax/legal advice.

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Sophia Tan

About the Author

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

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.