If you’re looking to get an auto loan but don’t have a Social Security number, there are banks and financial institutions that accept Individual Taxpayer Identification Numbers (ITINs).
Banks accept itin number for auto loan
- American National Bank: This bank has been around for a long time, over 167 years! They operate in Nebraska, Iowa, and Minnesota and have a whopping $5 billion in assets. They’re cool with ITIN numbers.
- Community Bank: Based in Topeka, Kansas, Community Bank is another great option. They’re friendly to ITIN numbers and offer a bunch of services.
- Sunflower Bank: Established in 1892, Sunflower Bank in Wichita, Kansas, is also ITIN-friendly. They offer personal banking, services for small businesses, wealth management, and more.
- Big Names: Wells Fargo, Bank of America, Chase Bank, and Capital One are also known to accept ITINs for auto loans.
To apply for an auto loan with your ITIN number, you can reach out to local banks, credit unions, or look online for lenders who cater to folks without Social Security numbers.
Getting an ITIN.
Here’s what you need to know:
Eligibility: If you can’t get a Social Security number (maybe you’re a non-resident alien or don’t have work authorization in the U.S.), you might be eligible for an ITIN.
Application Process: You’ll need to fill out Form W-7 (that’s the Application for IRS Individual Taxpayer Identification Number). You can grab the form from the IRS website or get one from an IRS office.
Supporting Documents: Along with Form W-7, you’ll need documents to prove who you are and your foreign status. This could include your passport, visa, birth certificate (if you’re a dependent), or other IDs.
Certified Acceptance Agents (CAAs): These folks are authorized by the IRS to help with ITIN applications. They can make the process smoother by verifying your identity and documents.
Submission: Once you’ve filled out everything and gathered your documents, you’ll need to mail them to the IRS ITIN Unit. The address is in the form instructions. Or, you can submit your application in person at an IRS Taxpayer Assistance Center.
Processing Time: It usually takes a few weeks for the IRS to process your ITIN application, so plan ahead if you need it for tax purposes.
With your ITIN in hand, you’ll have more options for getting that auto loan and hitting the road!
