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 Iām 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?
@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.
@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.
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!
The idea of opening a bank account before landing in a foreign country is very appealing - 1 less thing to worry about. However, the stilt.com site & eligibility section (stilt.com/eligibility) doesn't indicate anything about the bank account rather only about loans.
I like it. It's getting harder and harder to open bank accounts when you travel compared to ten years ago. Transferwise was a life saver. Glad to see others tackling the market
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!
@salim_ramees Yes, absolutely. You can sign up and we open the account for you. It will be activated immediately after you arrive in the US. We hope to make it convenient and simple to access all the services soon after you land.
I have taken a loan from stilt, my credit was pretty new (month old ssn) and i was starving of cash. Stilt loan helped me set up my home and bring my family to usa. They really understand the banking services required by new immigrants in the country. I really appreciate them. And i know the pain of getting a bank account without ssn. This should definitely help new immigrants.
Hi Naren, thanks for pointing it out. We will update the criteria for the bank account soon. The eligibility criteria are simple - anyone in the U.S. or moving to the U.S. with a valid visa, employment authorization, or residency status is eligible to open an account with Stilt.
I remember how hard it was to get started here when I had just landed. We used travel cards for the first few months. This is such a great product for immigrants!
Roommate just went through the problem of making a US bank account, took him a whole month+ to resolve it, during which he couldn't get paid easily, or even transact... glad Stilt's launched this, it's sorely needed
This is definitely a great product amid the myriad of challenges it may face due to strong competition from incumbent too-big-to-fail banks and fintech-oriented BaaS-supported like Chime, Simple and the rest. Creativity will be key for a successful launch as well as a clever product strategy to keep the brand relevant over time. I wish you the best of success.
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