I am a non-resident with an ITIN. Do I need to pay withholding tax on the interest earned in my US Fidelity bank account, and if so, what form do I need to submit to the IRS annually?

If you are a U.S. tax nonresident and your Fidelity cash is in the FDIC program‑bank sweep with no U.S.‑business connection, you owe no federal withholding tax and file no annual IRS form just for that interest—you give Fidelity Form W‑8BEN instead. Your ITIN does not by itself make the interest taxable. Once you identify whether your Fidelity cash is a program‑bank deposit or a money‑market fund, the correct form path is clear.

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Moving to the US?

Your friends say one thing, Reddit says another, and ChatGPT wrote you ten paragraphs. You're still not sure. So we built SettleKit from the one question that matters: what do people wish they'd known before they moved?

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How to build your own SettleKit

Answer a few questions

Tell us your visa, your state, and what you've already done yourself. About two minutes, no account needed.

Get a roadmap built for you

Every task you actually need, in the right order: driver's license, credit score, health insurance, bank account. Built exactly for you.

Do each step with guidance

Open a step and we compare your options, explain the fine print, and walk you through it at your pace.

Answer a few questions

Tell us your visa, your state, and what you've already done yourself. About two minutes, no account needed.

Get a roadmap built for you

Every task you actually need, in the right order: driver's license, credit score, health insurance, bank account. Built exactly for you.

Do each step with guidance

Open a step and we compare your options, explain the fine print, and walk you through it at your pace.

SettleKit bird climbing a staircase of blocks

Your first step is two minutes away

How people have used SettleKit

So much of moving here is rules and conventions nobody mentions unless you get them wrong. SettleKit tells you about them up front.

RemiFrance → New York

“My SSN appointment was in another city, and when I got there my printed employment letter wasn't acceptable. SettleKit tells you exactly which documents to bring so one trip is enough.”

LizGermany → Virginia

“We managed two months without a car…in a Kansas City winter, with a kid to get to school. No credit history, no car loan. SettleKit helped us understand how we could finally lease a car.”

NileenaIndia → Missouri

“In France there's one health plan. Here your employer hands you pages of them and wishes you luck. SettleKit compared them in words I could actually use.”

ValentinFrance → New York

“I got rejected for internet as a 'high-risk consumer' a week after landing. SettleKit explained why, and what to do about it.”

NadineSouth Africa → New York

“After getting rejected by banks and blocked by phone carriers, SettleKit was the first thing that treated me like a human.”

TahaPakistan → Illinois

“My first ten days here I had nothing on me but a passport. I barely left the house. I wish I'd had SettleKit's checklist on day one.”

OmarKazakhstan → New York

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