Stash is open to US Citizens and legal residents of the United States with an accompanying green card or certain valid visas.
We accept the following valid visa types: E1, E2, E3, F1, H1B, L1, O1, or TN1.
We cannot accommodate people with visas not mentioned in the above list.
If you are an existing Stash account holder on one of the following visa types (B1, C1, H2B, H3, or K1), you may continue to use that account. Thereafter you will be unable to open additional accounts due to changes to eligible visa types.
Why does Stash require a Social Security number?
To use Stash you must have a Social Security number. We need this for two reasons:
- The Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person opening an account.
- Stash issues all clients a tax reporting form at the end of the year and we need your SSN to do this.
Can I use Stash if I am a DACA recipient?
Unfortunately, we’re not able to open accounts for people who are DACA recipients.
This is because a grant of deferred action does not confer legal immigration status in the U.S. and DACA recipients are not considered U.S. citizen or U.S Permanent Residents.
As a financial expert with a keen understanding of the intricacies of investment platforms and financial services, I bring forth my expertise to shed light on the concepts embedded in the provided information about Stash, a popular investment app.
Stash, as outlined, is open exclusively to US citizens and legal residents of the United States holding either a green card or specific valid visas. The listed valid visa types include E1, E2, E3, F1, H1B, L1, O1, or TN1. It's crucial to note that individuals with visas not mentioned in this list won't be accommodated by Stash. Existing account holders with visa types such as B1, C1, H2B, H3, or K1 are allowed to continue using their accounts, but they won't be able to open additional accounts due to changes in eligible visa types.
One notable requirement highlighted in the information is the necessity of a Social Security number (SSN) for using Stash. This is mandated by the Patriot Act, which requires all financial institutions to obtain, verify, and record information that identifies each person opening an account. Additionally, Stash issues a tax reporting form to all clients at the end of the year, and the SSN is a crucial element for this process.
The information also touches upon the eligibility of DACA (Deferred Action for Childhood Arrivals) recipients to use Stash. Unfortunately, Stash does not allow individuals with DACA status to open accounts. This restriction is attributed to the fact that a grant of deferred action does not confer legal immigration status in the U.S., and DACA recipients are not considered U.S. citizens or U.S. permanent residents.
In summary, Stash's eligibility criteria are intricately tied to legal residency status in the United States, specific visa types, and the regulatory requirements outlined in the Patriot Act. Understanding these concepts is essential for individuals considering or currently using the Stash investment platform, ensuring compliance with the platform's policies and regulations.
