But what do you should probably open a bank account, exactly?
Prepare yourself before you head to the bank, and the process will go much more smoothly.
What Do you’re gonna wanna Open a Bank Account?
If you go in person, ensure you collect all your documents ahead of time to avoid delays.
(Well discuss what you gotta bring later on.)
No matter how you open your bank account, youll need to fill out an app.
This will include personal information such as your name, address and Social Security number.
However, all banks have certain eligibility requirements mandated by law.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
First, you oughta be at least 18 years old to open a bank account on your own.
If youre under 18, you may be able to open ajoint accountwith a parent or legal guardian.
You might also check with your bank to see if it offers accounts designed for minors.
Many banks will look at your financial history before allowing you to open an account.
Did you know?
Heres what to bring.
The most common form is a state-issued drivers license, but a passport will also work.
To get an ID, youll need to provide the DMV with your birth certificate and proof of address.
If you dont have a Social Security number, you will need an Individual Taxpayer Identification number.
you could get one by submitting Form W-7 to the IRS.
you’re able to also provide a lease agreement that lists your rental address.
What Happens After You Apply for a Bank Account?
This usually requires aChexSystems report reviewbut not a credit check.
If youre approved for the account, you will pay your initial deposit.
If youre opening the account in person, you might use cash, a check or an electronic transfer.
These come in the mail.
check that you sign the card, or it could be considered invalid.
Next, it’s possible for you to set up online access to your bank account.
ensure you choose a password youll remember but that isnt too easy to guess.
Opening a bank account, whether for the first or 50th time, can be daunting.
But by making sure you have everything you need ahead of time, it can be quick and easy.
Catherine Hiles is a writer, mother, runner and avid reader.
It sounds appealing right?
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