Free US bank account and card for Immigrants
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Kevin William David

Stilt - Free US bank account and card for Immigrants

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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.

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Brian Gamido
Much needed service.
Priyank Singh
@briangamido Thanks Brian!
Stefan K
Sounds promising, I'm curious that how do you guys make money since you don't take no fees? Do you have any B2B business model behind the curtain?
Rohit Mittal
Maker
@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.
Adi Kancherla
@rohitdotmittal What's your business model if you are not charging any fees?
Rohit Mittal
Maker
@findadit Hi Adi, 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.
Varun Sharma
As someone who lived this pain when I first moved to US, I am so so glad that this product exists!
Rohit Mittal
Maker
@varun_sharma Thanks Varun!
Shital Shah
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?
Rohit Mittal
Maker
@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.
Winnie N. Mang'eni
Hello, I am an F-1 student not used the bank yet but used stilt for small loans. You guys, they are the best product I've used as a student transitioning to OPT without savings. The interest rate was manageable and the payments were flexible once i started working. I am really grateful for this product, I wish many people knew about it!!
Rohit Mittal
Maker
@winnie_n_mang_eni Thanks Winnie. Appreciate the kind words.
Rutika Muchhala
I remember how difficult it was to navigate the financial services system when I first moved to the US. This would have been so great to have back then. Congratulations!
Chidiebere Godson
This is actually one of the best innovation
Nou Dima
Oi
Vinay
Congrats on the launch, Rohit & Stilt team. As someone who recently relocated to the states, I can relate to many points Stilt solves here and in fact, I was searching for such a solution two months ago. The closest I found was Nova Credit that helped me use my credit history built with credit card companies in India, and use that to apply for a credit card in the USA. With bank accounts, Bank of America was able to set up and activate my bank account on day one of arrival. They don't request SSN to open the account, and few other banks don't expect SSN either. In fact, BofA can open bank accounts even with a business/tourist visa. Nova Credit also has a resource section, that lists banks who can open a bank account without SSN. The BofA debit card reached me in 5 days. Technically, I was able to open my bank account and apply for a credit card using my foreign credit history on day one. By the end of week one, I had a fully functional bank account with a debit card and a credit card. By the end of month one, my credit history in the US was already building. I'm glad Stilt is making this process accessible! I'd love to test your service and provide feedback too! Good luck!
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