The U.S. Financial System for New Immigrants
Moving to America means learning how to navigate a whole new financial system. This guide breaks down the basics and can help you work toward your goals.
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Money management in the U.S. for new immigrants
Navigating the sometimes-complex United States financial system can be daunting when you’re just starting out. We’ve gathered NerdWallet’s top resources for new immigrants who want to find housing, open a bank account, build credit and ground themselves in their new lives.
Once your basic needs are met, take a look at these topics to get a clear understanding of how they work and how you can find the best options for your financial situation.
NerdWallet's top picks
In the U.S., navigating the financial system often depends on your credit history, which is your track record of borrowing money and paying it back on time. Credit history can help you rent an apartment, buy a car and buy a home someday.
How to choose and open a bank account
If you're new to the U.S. financial system, getting a bank account is a good first step. It allows you to manage your money with fewer fees, more convenience and more protection against fraud and loss.
Hispanic American-owned financial institutions
Some institutions, like Hispanic American-owned credit unions, aim to make the process smoother for immigrants. Select the button below to see a list of Hispanic American-owned financial institutions by state.
How to build credit
Building credit is essential in the U.S. The easiest way to start is by getting a credit card. We'll help you understand how to build credit from scratch and how to do it responsibly.
How to rent an apartment
Don’t be afraid to ask a landlord if they have a specific credit score requirement before you spend time or money applying for an apartment.
Additional resources
National Immigration Law CenterFind out if you're eligible for federal assistance.
Social SecurityFind out if you're eligible for Social Security Income.
U.S. Department of EducationAre you a college or graduate student? Here's how to get student financial aid from the U.S. government.
Catholic Charities USAFind local help meeting basic needs like accessing health care, getting affordable housing or finding a job.
Search onlineType in "Help with [money, credit, starting a business, buying a home] near me."
