When you’re trying to open an online and in-person bank account, you’ll require government-issued identification and particulars about yourself, like the Social Security number. (If you don’t possess a Social Security number, you can still open your bank account. You can skip this step for further details.) You may be required to make your first payment.
This article will provide additional information on establishing a savings or checking account. We will also tell you what you can expect throughout the entire process.
Do I have to open an account at a bank?
Call or research to inquire about eligibility requirements before visiting any bank branch to open a new account.
You have to be at least 18 years old for open to open a bank, but it is possible to open a bank account if the parent or guardian is a co-owner of the account. Certain banks will reject the account if you have a criminal history or are not a US citizen. Others might reject you if you have a history of excessive overdrafts or other harmful activities with the bank you used to work for.
Different banks may be required to meet other eligibility requirements. If you realize it’s impossible to open a bank account at a particular bank, Don’t quit -Keep searching.
You need a Social Security number or US ID to establish your bank account. In that case, it is recommended that you browse our selection of credit unions and banks, making it simple for immigrants or non-US citizens to establish an account. Find one opportunity close to where you reside.
Suppose you’ve had trouble opening an account at a bank due to an unfavorable history with banking. In that case, we have an article on accurate second-time checking accounts that include national options.
What You Need To Open a Bank Account
To open a new account at a bank and you can open a new one, you’ll have to present the credit union or bank documents to verify your identity.
Make sure you have the following things in your possession:
- An ID issued by the government (such as a driver’s license or passport ID)
- Your ID number
- Proof of your physical and postal address
- An initial deposit (if required)
If you do not have an official government ID, it is possible to utilize a different type of identification. Check with your bank to find out what IDs they can accept.
The identification number you have could depend on your situation. It could be the Social Security number, alien identification card number, individual Taxpayer Identification Number, or any other ID issued by a government agency. If you’re a United States citizen, your identification number is Social Security.
You’ll have to impart the information required in a certain way, regardless of whether you’re opening an account on the internet or in person.
What is the perfect way to open a new account at a bank?
It is possible to open a bank account by following one of these steps:
- Pick a bank to choose. Consider: It is essential to take a look at features and benefits, rewards, ATM locations, and kinds of accounts that are offered by your bank of choice and the monthly service fee applicable or other charges that could be applied before the opening of your account with a bank.
- Check for eligibility requirements: Find out the credit union or bank’s minimum age and eligibility requirements before opening a checking or savings account. For example, you must typically be 18 to start a checking or savings account. Additionally, certain banks might need a guardian or parent as part of the opening process for a student’s account. If you’re applying for your child’s first savings account or a student checking account, some banks will need both individuals to be at the bank with all necessary documents.
- Select the desirable account to suit your needs: Before applying, it is expected to specify which types of accounts you’d prefer, like an account for checking, a savings account, or both. It’s recommended that you study the information on your account and be familiar with its features.
- Check the deposit requirements: If the bank has a minimum deposit amount, you could be required to give your deposit when you apply.
Begin the process at the bank you are with. After you’ve selected a bank or credit union and the type of account you want to open, visit their branch in your area or on their web website to learn more about their application process and how to open a bank account.
How Much Money Do You Need to Open a Bank Account?
It is simple: the bank’s requirements can differ from one bank to another. Also, it can be based on the kind of account used by the bank.
In Huntington, we offer three checking accounts. Our checking accounts do not require a minimal deposit to be made to open. But, for two of our accounts for checking, it is necessary to maintain an amount of balance to avoid the cost of maintenance and enjoy better rates.
Savings and investment accounts are subject to distinct requirements for balance and application. For more details about our various savings accounts, learn more about specific requirements. Huntington has a wide range of savings accounts that help anyone achieve the financial goals they have set for themselves.
If you have an account at Huntington, you can benefit from The Hub, our digital banking tool that will help you manage your finances.
What Do I Need to Bring to Open a Checking Account for a Teen?
Many credit unions and banks provide checking accounts to teens 13-14 years old and older who may need a birth certificate, Social Security card, or driver’s license. If your child isn’t older, getting a driver’s license is suitable. Alternative options include identification documents issued by the government or state or a US passport. A Social Security card and a birth certificate also suffice in certain instances. The parent might need to provide similar documentation to establish a joint account for the teenager. Contact the credit union or bank for more information about their requirements before going to.
The Bottom Line
Opening a checking account with a bank is a simple process that requires standard documents. But it’s better to be prepared than not, and you’ll be able to open an account in a matter of minutes and avoid delays in receiving your ATM or debit card. Bank requirements may differ; therefore, call or visit the site to ensure you have all the necessary items before your appointment. You can also sign up using the sign-up online application.