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Citizens Bank, National Association

Citizens Bank, National Association (Citizens Bank, N.A.; an FDIC-listed insured depository institution, distinct from its holding company Citizens Financial Group, Inc.)

Citizens Bank, National Association is an FDIC-listed insured depository institution, and FDIC records identify the OCC as its primary federal regulator. The bank’s public personal checking page lists the states it serves and provides online, telephone, and branch application options, but it has not publicly confirmed whether individuals living overseas or foreign-registered businesses can open accounts.

Regulator: Office of the Comptroller of the Currency (OCC; primary federal regulator listed in FDIC records)
Check date: 2026-10-26
Verify status: Some information pending confirmation

Research scope and official resources

Topic number:americas-citizens-bank-na

selection.json lists this as a candidate group-name mapping among publicly listed large U.S. institutions selected based on 2025/2026, and notes the need to distinguish Citizens Bank, National Association from Citizens Financial Group, Inc. This candidate is for selecting a research subject only, not a basis for licensing or application acceptance, and does not indicate a real-time global top 100 ranking or the individual rank of this entity.

Bank’s official website

Personal Eligibility and Documents

For individuals, the bank’s official website says personal checking accounts are available in CT, DC, DE, FL, MD, MA, MI, NH, NJ, NY, OH, PA, RI, VT and VA, and lists online, telephone and branch application channels. The One Deposit Checking page lists a driver’s license/state ID, SSN, email address and phone number as product information, and notes that additional identification or documents may be required. Its online account-opening guidance says non-permanent residents or visa holders may be asked to provide proof of US residence and additional identity documents, while also stating that the bank determines the application process. This does not establish that non-resident applicants without a US residential address, applicants without an SSN or applicants of any nationality can open an account. Whether the bank allows such applications, and which substitute documents, addresses, identity evidence and online verification methods it accepts, must be confirmed with the bank in writing.

Personal information publicly disclosed or identified

【Listed on the Citizens personal checking product page】Driver’s license or state ID, Social Security number (SSN), email address and phone; the page notes that additional identification or documents may be required. This list is not a dedicated list for applicants abroad.
【General description of documents in Citizens’ online account-opening instructions; the bank determines the specific requirements】The bank may collect legal name, date of birth, government identification number (SSN or TIN), photo ID (examples include a driver’s license, state ID, passport or military ID), contact information and possibly proof of address; non-permanent residents or visa holders may be asked for proof of U.S. residence and additional identification.
【General preparation suggestion; not a policy for customers abroad published by Citizens】You may prepare a valid passport, proof of current residential address, a tax residency self-certification and evidence of the lawful source of funds in advance, then ask the bank whether each is accepted and whether originals/certified translations are required; do not infer that the bank necessarily requires or accepts these documents.

Company eligibility and documents

For businesses, the official website publishes a document checklist for U.S. small-business deposit accounts, listing documents by organization type, including general partnerships, limited partnerships, LLCs, LLPs, corporations and associations/organizations, and requiring individual approval for all accounts. The information reflects the business types and documents listed on that page; it does not confirm that entities formed under foreign law, businesses operating abroad, or businesses without a U.S. address or U.S. tax number can apply. Nor does it establish that overseas controllers can open accounts entirely remotely. Confirm with the bank whether foreign entities are eligible to apply, what organizational documents or certification/translation requirements are accepted, whether signers must attend in person, and any restrictions on USD deposits and business locations.

Company information publicly disclosed or identified

【Citizens’ official business account checklist: common/conditional requirements】Unexpired government-issued photo ID; the bank requires an SSN and/or EIN (EIN is the business’s federal tax identification number issued by the IRS) depending on the business type; DBA/assumed name or trade name certificate, if applicable. The checklist notes that additional documents may be required before opening an account and requirements may change based on applicable state and federal regulations.
【General partnership】Government-issued photo ID for each general partner, EIN, partnership agreement, government-issued business licence; DBA certificate, if applicable.
【Limited partnership】Government-issued photo ID for each general partner, EIN, limited partnership registration certificate, partnership agreement; DBA certificate, if applicable.
【Limited liability company (LLC)】Government-issued photo ID for each authorized signatory; SSN additionally listed for a single-member LLC; EIN, filed Articles of Organization, Operating Agreement listing members and managers (if applicable), bank resolution or similar authorization document, EIN assignment letter; DBA certificate, if applicable.
【Limited liability partnership (LLP)】Government-issued photo ID for each authorized signatory, EIN, LLP registration documents, LLP agreement listing the partners, EIN assignment letter; DBA certificate, if applicable.
【Corporation】Government-issued photo ID for each authorized signatory, EIN, registered Articles of Incorporation, banking resolution or similar authorization document; DBA certificate, if applicable.
【Association/organization】SSN and/or EIN, as applicable; bylaws/charter/governing documents; DBA certificate, if applicable.
【Explicitly stated in the bank’s business account checklist】Beneficial owners holding 25% or more of the interests and controllers with significant management responsibility must provide additional information. Requirements vary somewhat by organizational structure; refer to the website checklist for the relevant entity type.
【General preparation suggestion; not a foreign-entity policy published by Citizens】A foreign-incorporated company may prepare its registration/good standing certificate, articles of association, resolutions authorizing directors and signatories, the full chain of natural-person ownership, identification for controllers, tax identification documents and records showing lawful sources of funds, then ask whether the bank accepts documents from its jurisdiction and whether certified translations or certified copies are required; this does not mean Citizens accepts foreign entities or requires all these documents.

Address, tax, and remote / witnessed procedures

Address and tax

For address requirements, Citizens’ personal checking product lists the current service states. Its online account-opening information says the bank may require proof of a physical address and that non-permanent residents or visa holders may be asked to prove U.S. residence, but it does not publicly specify cases in which an overseas address is acceptable or the required proof format. Official guidance on U.S. federal bank customer identification rules lists name, address, date of birth, and identification number as the basis for account-opening identification; banks verify these under their own risk procedures. For tax identification, the Citizens personal product page lists an SSN, and the business document checklist lists an EIN (as applicable to the organization type). The IRS says Form W-8BEN is used by foreign individuals for certain U.S. withholding tax matters, including declaring foreign status, and Form W-8BEN-E is for foreign entities. These forms may involve a foreign TIN or date of birth, but this is not a Citizens-confirmed policy allowing substitute tax identification numbers for deposit account opening. The bank must confirm whether it accepts an ITIN, foreign TIN, an individual without an SSN, or a foreign company’s tax identification number, and how these may be used.

Remote / witnessing

The official personal checking page lists online, telephone, and any Citizens branch as application channels. The online account opening instructions describe an online form and possible document uploads. Public information does not confirm global remote account opening for applicants living abroad, video witnessing, foreign notarization/third-party witnessing, mailing original documents, or arrangements for submitting additional documents remotely after opening. The online application option should not be interpreted as meaning that accounts can be opened worldwide or that video witnessing is supported.

Public process reference

Personal application: select the appropriate checking product on the official website, review the disclosures for the relevant state, then apply online, by phone or at a branch through the channel linked from the product page. The personal checking markets listed on the official website are CT, DC, DE, FL, MD, MA, MI, NH, NJ, NY, OH, PA, RI, VT and VA.
Submit your personal information and identity documents as required on the application page; the official website notes that additional documents may be requested. If you are a non-permanent resident, visa holder, or have only an overseas address, first confirm with the bank whether your identity documents, proof of residence, tax identification number, and online verification will be accepted.
Business applications: Prepare organizational documents, tax number, authorized signatory details, and relevant beneficial owner/controller information using Citizens’ published business account-opening checklist for the company’s legal form, then undergo individual bank approval; eligibility and document formats for foreign-registered businesses remain to be confirmed.
The publicly available pages do not specify a fixed review time, approval service level, or remote witnessing process for overseas customers; confirm these in writing with the bank before submitting an application.

Compliance topics, details, and sources

U.S. Bank Customer Identification and KYC/CIP

U.S. banks must establish risk-based identity verification under BSA customer identification procedures. Official FinCEN and interagency guidance identifies name, address, date of birth, and taxpayer identification number as basic identifying data; foreign individuals may use passport numbers or similar government-issued identification information. Citizens’ specific personal product page separately lists a driver’s license/state ID, SSN, email, and telephone number, and reserves the right to request additional documents. This federal baseline does not mean the bank offers accounts to applicants living outside the United States.

Source:One Deposit Checking from Citizens ；Can I open a bank account online? ；FinCEN — Guidance on Customer Identification Regulations Financial Institutions

Anti-money laundering, ongoing due diligence and source of funds

The U.S. BSA/AML framework requires covered financial institutions to conduct customer due diligence and, on a risk basis, continuously monitor, identify, and report suspicious transactions. The FinCEN exemption order issued on 2026-02 only adjusts the requirement to repeat beneficial-owner identification and verification for every new account opening; it does not eliminate initial identification, verification when triggered by risk, or ongoing monitoring. Citizens has not published a uniform list of proof-of-source-of-funds documents on the account-opening pages reviewed. Requirements for transaction background or source-of-funds documents may depend on the bank’s risk assessment; confirm specific requirements with the bank.

Source:FinCEN — CDD Rule FAQs ；FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements

Corporate Beneficial Owners and Controllers

Citizens’ business account-opening checklist expressly requires additional information from beneficial owners with equity interests of 25% or more and control persons with significant management responsibility. FinCEN’s CDD FAQ states that institutions generally must identify direct or indirect owners with at least 25% ownership and one control person, and lists the identifying information required. The 2026-year exception order allows reverification after initial account opening only in circumstances such as when the reliability of existing information is in question or risk procedures require it, but does not eliminate due diligence at initial account opening. The bank’s public page may require broader documentation; the bank’s written checklist should be followed.

Source:Opening a Business Account ；FinCEN — CDD Rule FAQs ；FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements

U.S. Tax Status, FATCA, and CRS

The IRS states that Form W-8BEN is used by foreign individuals to certify foreign status and applicable withholding-tax treatment, while Form W-8BEN-E is used by foreign entities; in applicable tax-documentation circumstances for accounts at U.S. financial institutions, a foreign TIN or date of birth may be involved. The OECD automatic exchange commitments table as of 2026-09-30 separately notes that the United States conducts automatic information exchange under FATCA from 2015 and does not list it as a jurisdiction committed to first exchanges under CRS in that table; accordingly, the United States is not described as a CRS participant, and it is not claimed that Citizens’ specific checking account necessarily requires Form W-8. Customers should confirm with the bank and a tax adviser which reporting/withholding forms apply based on their own tax-residency status.

Source:IRS — Forms for Foreign Beneficial Owners ；IRS — U.S. taxpayer identification number requirement ；OECD — Status of commitments for the automatic exchange of financial account information

U.S. OFAC Sanctions Compliance

The U.S. Department of the Treasury’s OFAC encourages institutions subject to U.S. jurisdiction to adopt risk-based sanctions compliance programs. Core components include management commitment, risk assessment, internal controls, testing/auditing, and training. This is a general U.S. compliance framework, not a customer-eligibility list or screening procedure publicly disclosed by Citizens. Applicants and transactions may still be subject to applicable sanctions laws; the bank must decide individual cases.

Source:U.S. Treasury — A Framework for OFAC Compliance Commitments

Compliance evidence

Account-opening compliance and supporting-document checklist

The bank’s stated requirements, local regulations, and preparation recommendations are presented separately. Acceptance in a specific case is subject to confirmation by the bank.

This guide concerns business deposit accounts with Citizens Bank, National Association, based on that bank’s business account-opening checklist and business deposit agreement identified as applying to Citizens Bank, N.A. It is not a commitment by a holding company or another group entity to open an account. The bank’s agreement expressly states that opening an account requires prior approval of the required documents, appropriate funding, and satisfaction of other requirements. Whether foreign-incorporated businesses are eligible to apply and whether remote applications are possible have not been publicly confirmed.

Date information checked:2026-10-26

Information evidence package

Company standing, organizational form and account authorization chain

Who it applies to: U.S. businesses may prepare documents for the legal forms listed in the bank’s checklist; documents for foreign-registered entities are for preparation only and do not indicate that the bank accepts entities from that jurisdiction.
Documents to Prepare: Prepare the applicable state registration documents according to the entity type: Articles of Organization / Incorporation, limited partnership or LLP registration documents, and governing documents such as the current Operating Agreement, partnership agreement, or articles of association.
Prepare a bank resolution or equivalent authorization document, a list of signatories and unexpired government-issued photo IDs. Prepare a DBA/assumed name certificate only if applicable.
Organize the current organizational chart, proof of registration and good standing, register of directors/managers, and authorization chain. Check each item to ensure the entity's legal name matches the application.
Description: The first two document categories come from Citizens' business account-opening checklist. The checklist notes that additional documents may be required before account opening and that requirements vary with state and federal law. The agreement allows the bank to request documents in any form it considers appropriate, as well as further information. Standards for original documents, certified copies, legalisation, translations or foreign-law documents are not publicly disclosed; confirm these before making an appointment rather than assuming they are required.

Source:Opening a Business Account — Citizens Bank；Business Deposit Account Agreement — Citizens Bank, N.A.

Ultimate beneficial owner and controller information pack

Who it applies to: The applicant business and the person applying to open an account on its behalf; under the bank's checklist, beneficial owners holding 25% or more of the interest and controllers with significant management responsibility must provide additional information.
Documents to Prepare: Prepare an ownership table tracing through to natural persons, listing direct/indirect ownership percentages and the legal names and places of incorporation of entities at each level. Include shareholder registers, ownership records or organizational documents supporting the ownership relationships.
Prepare the name, date of birth, address and identity information for each relevant individual. Foreign nationals may prepare passport details initially and ask the bank to confirm which documents and submission methods it accepts.
Designate a person who is actually responsible for managing or controlling the business, and prepare details of their role, the basis of their authorization, and company documents that explain their day-to-day management responsibilities.
Description: Citizens’ checklist expressly requires additional information for equity owners holding 25% and significant controllers, but the page reviewed does not show the specific fields in its dedicated form. FinCEN’s CDD baseline for covered banks generally requires information on owners with at least 25% ownership and one control person; banks may apply stricter risk procedures, so this threshold must not be treated as the bank’s maximum collection limit for all cases.

Source:Opening a Business Account — Citizens Bank；CDD Rule FAQs — FinCEN

Evidence of tax status, business purpose, and funds flows

Who it applies to: All businesses may prepare these documents as appropriate to their activities. The Citizens Business Deposit Agreement specifically requires a business whose account owner is an organization outside the United States to submit the applicable IRS Form W-8 to the bank.
Documents to Prepare: Depending on the entity type, prepare the IRS EIN assignment letter and applicable SSN/EIN. For foreign organizations, determine which W-8 form applies based on their U.S. tax status and advice from a tax adviser; do not assume it is always W-8BEN.
It is advisable to prepare a brief business description, samples of contracts/invoices with main customers/suppliers, anticipated sources of deposits and destinations of payments, commonly used currencies, and approximate transaction volumes to explain the account’s purpose.
Prepare evidence of the source of the initial deposit and a traceable funds path, such as business income records, a shareholder contribution resolution, or relevant bank statements. This is a due diligence preparation suggestion, not a published standardized Citizens checklist.
Description: The bank’s agreement expressly requires account holders that are foreign organizations to provide a properly completed W-8, and account holders must determine which form applies and update it as required; the bank does not provide tax advice. The bank has not published a standardized list of source-of-funds documents, transaction thresholds, or fixed deposit amounts.

Source:Opening a Business Account — Citizens Bank；Business Deposit Account Agreement — Citizens Bank, N.A.

Due diligence and enhanced verification

UBO, controllers and verification of ownership chain

Basis for Verification: The bank expressly states that Citizens' business account opening checklist requires additional information from owners with 25% or more ownership interests and from key management control persons. Regulatory baseline: FinCEN's CDD FAQ requires covered financial institutions to identify, if applicable, a natural person who directly or indirectly owns at least 25% of the ownership interests, as well as one control person, and to collect their name, date of birth, address, and SSN or, for a foreign person, a passport or other government identification number. The 2026 exception only permits re-identification and verification after the initial account opening if the reliability of previously obtained information is questioned or risk procedures require it; it does not waive initial due diligence.
Preparation recommendation: It is advisable to prepare a chart of complex ownership chains that can be recalculated at each level, and documents explaining nominee, trust, cross-shareholding, or control arrangements. If ownership is dispersed and no one reaches 25%, still prepare information for a genuine senior management controller.
Scope: Citizens expressly requires compliance with the U.S. covered financial institution regulatory baseline; whether it applies the 2026-year exception order, uses a threshold below 25%, or identifies multiple control persons is a matter of bank procedure and is not addressed in public materials.

Source:Opening a Business Account — Citizens Bank；CDD Rule FAQs — FinCEN；FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements — FinCEN

Identity Verification, Document Acceptability, and Subsequent Requests for Additional Documents

Basis for Verification: Citizens’ commercial deposit account agreement allows the bank to request the account opener’s identity information, signature card, and other documents, and to reject documents it considers improperly formatted; the agreement also reserves the right to request additional information to prevent fraud or meet legal requirements. FinCEN states that CDD verification is risk-based and that foreign beneficial owners may provide passport or similar government-issued identification information.
Preparation recommendation: It is advisable to ensure that identity documents are valid and name spellings match company/tax documents. Organize non-English documents by original, translation and certification status, and first ask the bank which formats it accepts. Designate a company contact who can respond promptly to requests for additional documents.
Scope: The foregoing describes rights expressly stated in the Citizens agreement and the regulatory verification baseline. The materials reviewed do not address overseas notarisation, certified translations, mailing originals, video witnessing or electronic upload restrictions.

Source:Business Deposit Account Agreement — Citizens Bank, N.A.；CDD Rule FAQs — FinCEN

Business legitimacy, source of funds, and ongoing transaction monitoring

Basis for Verification: The FinCEN CDD Rule requires covered financial institutions to understand the nature and purpose of customer relationships, continuously monitor for suspicious transactions, and maintain and update customer information on a risk basis; the 2026 exception order does not waive these requirements. Citizens has not published a list of source-of-funds documents or transaction limits for this account category.
Preparation recommendation: Keep business contracts, invoices, orders, accounting records, capital contribution resolutions and payment evidence, and maintain records explaining counterparties, purposes, amounts and frequency. If actual account activity significantly departs from the pattern described at account opening, have the business rationale and supporting evidence ready.
Scope: Regulations require risk-based due diligence and monitoring by banks; this does not mean customers must proactively submit all the above materials at a uniform interval. Citizens' case-specific requests for additional documents and risk thresholds are not public.

Source:CDD Rule FAQs — FinCEN；FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements — FinCEN

Sanctions and tax information for foreign entities

Basis for Verification: Citizens’ commercial deposit account agreement expressly states that, when U.S. sanctions apply, the bank will reject or freeze relevant property/funds transfers, and requires customers not to allow sanctioned parties to use the account or assist in evading sanctions. For accounts of foreign entities, the agreement requires an appropriate W-8 and updates as needed. The materials reviewed do not disclose Citizens’ PEP screening standards or risk appetite.
Preparation recommendation: Check the identity and sanctions risk of the entity, beneficial owners, key counterparties, and payment destinations. Keep the applicable W-8 and documents supporting the tax classification, and ask a tax adviser to determine whether updates are needed if tax status changes. PEP status itself should not be described as an automatic reason for rejection.
Scope: The bank agreement’s explicit sanctions provisions and foreign entity W-8 provisions; screening methods, PEP handling, country risk, and specific cross-border eligibility are not public and must be confirmed with the bank for each case.

Source:Business Deposit Account Agreement — Citizens Bank, N.A.

Ongoing maintenance obligations

Update corporate, ownership, authorization and tax information promptly

Citizens’ commercial deposit account agreement requires businesses to notify the bank in writing promptly when their entity type, ownership, or the authority of persons associated with the account changes; the bank may require updated resolutions/signatory authorizations and reserves reasonable processing time. Appropriate W-8 forms for foreign entity accounts should be updated as needed. It is advisable to include changes to ownership, directors/managers, signing authority, and tax status in the internal notification checklist.

Source:Business Deposit Account Agreement — Citizens Bank, N.A.

Maintain contact details at which communications can be received and promptly respond to bank requests for additional documents

The agreement requires customers to notify Citizens in writing of address changes; customers using electronic records must notify the bank immediately when their email address changes. The bank may request additional information for fraud prevention or legal compliance, and customers agree to cooperate promptly. No uniform periodic review frequency or process for updating overseas addresses is publicly disclosed.

Source:Business Deposit Account Agreement — Citizens Bank, N.A.

Statements, unusual transactions and account use

The agreement requires customers to review statements and each transaction promptly and report errors in writing within 30 calendar days after a statement is mailed or made available, unless otherwise provided by law. For non-consumer accounts, errors or unauthorized ACH credits must be reported to the bank within 1 day of posting so the bank can meet the NACHA deadline for submitting a reversal. FinCEN requires banks to conduct ongoing risk-based monitoring but does not set a uniform periodic review schedule for customers.

Source:Business Deposit Account Agreement — Citizens Bank, N.A.；CDD Rule FAQs — FinCEN；FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements — FinCEN

Please confirm with the bank before booking

Will Citizens accept applications for this type of commercial deposit account from businesses registered or operating only outside the U.S.? Does it require U.S. registration, a place of business, or a U.S. contact?
For foreign entities, foreign directors/beneficial owners, and signatories without a U.S. residential address, what identity documents, proof of address, and tax identification numbers does the bank accept? Is an in-person visit to the United States or a branch required?
Must offshore certificates of incorporation, articles of association, board resolutions, and shareholding-chain documents be originals, certified copies, certified, or translated into English? Can they be submitted electronically, and must bank-prescribed formats be used?
Please provide the current Beneficial Ownership/Significant Controller forms, and confirm the information fields for each organisation type, the scope of controllers to be reported, and the verification method.
For a foreign entity account, which specific W-8 form must be submitted, and are other tax self-certifications also required? How and when must forms be updated upon expiry or a change in tax status?
What are the minimum opening deposit, expected review time, cross-border payment/currency/geographic transaction restrictions, channels for subsequent reviews, and potential account-service fees?

Not confirmed by public information

The public business account checklist lists common U.S. business structures; whether Citizens accepts foreign-registered companies, entities with no actual U.S. business operations, or non-U.S. signers has not been publicly confirmed.
Although the beneficial owner form link appears in the directory, the page reviewed does not provide field-level details; requirements for original documents, certification, translation, remote verification, and mailing have not been published.
No public information was found on review times for overseas companies, minimum deposits, the scope of cross-border payment services, country restrictions or a standard source-of-funds document list. The bank’s internal risk appetite and transaction limits are not public.
The specific type of appropriate W-8 and any forms requiring updates as needed under the agreement, as well as the submission process and timing of updates, depend on the account holder’s tax status and should be confirmed with the bank and a tax adviser; general U.S. tax rules should not be mistaken for a complete account-opening checklist for a specific product.

Sources & Scope of Verification

Opening a Business Account — Citizens Bank
Citizens’ business account-opening checklist describes common U.S. entity types, government-issued photo ID, SSN/EIN, organizational documents, authorization documents, DBAs, and additional information for beneficial owners holding 25% or more and significant controllers; the webpage notes that additional documents may be required, that the checklist may change with state and federal laws, and that all accounts are subject to individual approval. It does not establish eligibility for foreign entities.
Business Deposit Account Agreement — Citizens Bank, N.A.
Citizens Bank, N.A. commercial deposit account agreement: Required information must be submitted and approved and an appropriate initial deposit made to open an account; the bank may request additional identity/compliance information; changes to entity type, ownership, and authorization must be reported in writing promptly; foreign entity accounts require an appropriate W-8 and updates as needed; sanctions provisions; address/email updates and statement notification deadlines.
CDD Rule FAQs — FinCEN
FinCEN CDD FAQ, updated as of 2026-05-06: covered financial institutions’ risk-based ongoing due diligence, monitoring of suspicious transactions, and maintenance and updating of customer information; general beneficial owner thresholds and control person information; foreign persons may provide a passport or similar government-issued identification number; banks may adopt stricter procedures.
FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements — FinCEN
FinCEN 2026-02-13 exemption: A covered institution may choose not to re-identify and verify existing beneficial owners of a business for every new account, but must still do so at the first account opening, when there is reasonable cause to doubt the reliability of existing information, or when required for risk-based ongoing due diligence. Other BSA/AML ongoing monitoring and information-update obligations remain unchanged.

Fees and timelines

The Citizens One Deposit Checking product page lists a monthly maintenance fee of $ 9.99 in its Rhode Island area page; depositing any amount at least once per statement cycle waives that monthly fee. The webpage notes that rates/offers vary by area (verified on 2026-10-26). This amount applies only to the specific personal checking product and region reviewed and does not represent an international application fee or fees for all products. The official materials reviewed here do not confirm a minimum opening deposit, fees for overseas applicants, review times, international wire fees, or minimum balances/limits for applicants outside the U.S.

Limitations and practical considerations

Individual checking services are publicly listed for specified U.S. states and Washington, D.C.; eligibility and application routes have not been officially confirmed for people with overseas addresses, non-permanent residents, people without an SSN, or those wishing to complete the entire application from abroad.
The commercial document checklist corresponds to common U.S. organization types listed on the official website. It does not constitute a commitment that a foreign-registered company can open an account. U.S. address, place of incorporation, place of business, USD settlement, signer attendance and remote verification requirements should be confirmed individually.
All accounts and services are subject to the bank’s individual approval. Regulatory records confirming an entity and its insured-deposit status do not mean that any individual or business application has been approved, or that cross-border services are available.
This article is based on publicly available research. It does not represent an account-opening channel that Rengangyongsheng (Hong Kong) Limited can currently arrange an appointment for, refer applicants to, or access through an established relationship with the bank. It must not be used to circumvent bank due diligence, tax reporting, or sanctions screening.

Licensing evidence and regulatory verification

A specific entity record has been found, not merely an entry point to a directory: the FDIC BankFind institution detail for Citizens Bank, National Association shows that the entity is FDIC-insured (since 2005-05-13), FDIC Certificate 57957, and classifies it as a national bank that is a Federal Reserve System member, with the Comptroller of the Currency as its Primary Federal Regulator. It also lists OCC Charter Number 24571. The page’s data is current through 2026-10-23. A corresponding row was also extracted from the OCC’s official “National Banks Active As of 9/30/2026” directory, listing OCC Charter 24571, legal name Citizens Bank, National Association, Providence, RI, and FDIC Cert 57957. This verifies the U.S. national bank/insured-depository institution and its directory status; it does not establish eligibility to open an account, the outcome of any particular applicant’s application, or the licenses of other group entities.

Office of the Comptroller of the Currency (OCC; primary federal regulator listed in FDIC records) Official registration or record

Information sources

Open a Citizens Checking Account Online | Apply Today!
Citizens personal checking product application channels (online, telephone, branch), the states served as published on the product page, and the website disclosure that the business is provided through Citizens Bank N.A.
One Deposit Checking from Citizens
Individual checking product information (driver's licence/state ID, SSN, email, phone, and possible additional documents), states where individual checking is offered, and the Rhode Island page's listed monthly maintenance fee and fee-waiver conditions.
Can I open a bank account online?
Citizens’ online account-opening information describes basic application details, identification documents, contact address, and the possibility that the bank may require proof of residence; nonpermanent residents/visa holders may be asked for proof of U.S. residence and additional identification, and it states that each bank determines its own application process. This does not confirm that nonresidents living outside the U.S. can open an account.
Opening a Business Account
Citizens business account-opening document checklist: documents by entity type for general partnerships, limited partnerships, LLCs, LLPs, corporations, and associations/organizations; applicable SSN/EIN, DBA, and supplemental information for beneficial owners holding 25% and significant controllers. Documents may change due to state/federal laws, and accounts are subject to individual approval.
FDIC BankFind Suite — Citizens Bank, National Association, institution details
Specific FDIC institution record (data as of 2026-10-23): legal name, FDIC-insured status and start date, FDIC Cert 57957, national bank classification, OCC as primary federal regulator, and OCC Charter 24571.
FinCEN — CDD Rule FAQs
U.S. CDD beneficial ownership identification standards and documentation requirements: at least 25% owners and one significant control person; foreign nationals may provide a passport or similar government-issued document. Also notes that financial institutions may take stricter measures based on risk.
FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements
FinCEN 2026-02-13 exemptive order: identify and verify beneficial owners when an account is first opened; repeat verification if the reliability of existing information is reasonably questioned or if required by risk-based ongoing due diligence procedures. Other BSA/AML and ongoing monitoring obligations remain in effect.
FinCEN — Guidance on Customer Identification Regulations Financial Institutions
Guide to customer identification procedures at multiple institutions: banks must design risk-based identity verification procedures; it notes that CIP is only one part of BSA/AML, and that banks have other obligations, including OFAC-related requirements.
IRS — Forms for Foreign Beneficial Owners
The IRS states that Form W-8BEN applies to foreign individuals certifying foreign status and beneficial-owner/certain withholding-tax treatment, while Form W-8BEN-E applies to foreign entities; for foreign beneficial owners holding accounts at U.S. financial institution offices, Form W-8BEN may involve a foreign TIN or date of birth.
IRS — U.S. taxpayer identification number requirement
IRS guidance on the applicable definitions of SSN, ITIN, and EIN, and TIN requirements and exceptions for certain withholding certificates for foreign persons; this tax guidance does not constitute Citizens’ account-opening documentation policy.
OECD — Status of commitments for the automatic exchange of financial account information
The OECD’s official commitment list is marked as last updated 2026-09-30; the list of jurisdictions undertaking first CRS exchanges does not include the United States, and a footnote explains that the United States has automatically exchanged information under FATCA since 2015 and has signed IGAs with partners. Therefore, the United States must not be described as a CRS participant.
U.S. Treasury — A Framework for OFAC Compliance Commitments
The U.S. Department of the Treasury’s OFAC general guidance on risk-based sanctions compliance programs and their five essential components does not represent Citizens’ specific customer-screening rules.
OCC — National Banks Active As of 9/30/2026
Official OCC National Bank Directory PDF; after extracting text from the PDF body, the corresponding entry was located in the directory for OCC Charter 24571, Citizens Bank, National Association, Providence, RI, and FDIC Cert 57957.