Bank Accounts Banks require certain forms of identification to open accounts. Most ask for a Social Security number.
Many local banks, however, will now consider opening an account temporarily until the Social Security number can be processed.
Your student identification (ID) card, passport and I‐20 can serve as means of identification.
The bank will attempt to assist students who are waiting for a Social Security card if they have other means of identification.
Automated Teller Machines (ATMs) and Cards Basic banking such as depositing, transferring, and withdrawing money is available anytime (day or night).
Your bank‐issued ATM card can be used in the machine at Cabrini and in most other bank machines in the U.S.
Wells Fargo305 E. Lancaster Avenue, Wayne, PA 610‐687‐3705
Bank of America 558 E. Lancaster Avenue, Radnor, PA 610‐971‐9430
Citizens Bank 363 W. Lancaster Avenue, Wayne, PA 610‐688‐5454
Social Security is a U.S. government program designed to replace part of the income Americans lose when they retire or become disabled.
The Social Security Administration issues cards with a 9‐digit number not only to American citizens, but also to nonimmigrants living or visiting the United States.
In most cases, you would be exempt, as a non‑immigrant, from paying Social Security taxes, but the Social Security card serves as a means of identification for you.
You will need to have a number if you wish to work on or off campus or if you wish to apply for a driver's license. It is also helpful for you to have a Social Security card as a form of identification if and when you open a bank account.
Before going to the Social Security office, you need to have the following items in your possession:
The nearest Social Security office is in Norristown and can be reached at 610‑277‑0440. Call 1‑800‑772‑1213 for other locations.
Taxes F1 visa holders generally must pay taxes if you earn money from a U.S. source during the time you are a student.
U.S. federal income tax and Pennsylvania state income tax will automatically be withheld from your paycheck.
F1 students are not required to pay Social Security (FICA) tax. F1 students are considered non‑residents for tax purposes. This is one of the reasons for not paying the Social Security tax.
You must file your income tax return on form 1040 NR or 1040 NR EZ by April 15th of the current year for the previous year.
You will receive a W2 form from your employer, showing the amount of money that you have earned and the amount of taxes that has already been withheld during the course of the year.
F1 students must fill out the appropriate tax form (1040 NR) regardless of how many years you have been in the U.S. and how much income you have earned.