what do i need to open a bank account

Identification. You will be required to show a picture ID in order to open a checking account such as a driver's license, passport or military ID card. Before you dump your money into an account at your local bank, there are several steps you should take. Identification: When opening an account in person, most banks require two forms of identification such as a Social Security card, driver's.

What do i need to open a bank account -

What you will need to open a bank account

  • ID and verification expandable section

    We will need to carry out identification and verification checks on you, as well as anyone else who will be authorised to operate your account.

    In most cases you will only need to produce one of the following:

    • a current UK photo driving licence
    • passport from the United Kingdom

    If you are an existing customer, you can use your existing bank card with Chip & Pin to verify your identity.

    If you cannot provide one of the items above, you will need to bring two documents. You can find a full list of acceptable documents on our Proving your identity webpage.

    If you do not have any of the items listed here we may be able to accept other items. Just ask a member of our branch staff or call 0800 056 0056.

  • Personal Details expandable section

    Preferred Title
    For example, Mr, Mrs, Ms, Mx

    Name
    As well as any previous names

    Date Of Birth

    Gender

    Marital Status

    Nationality
    Including any dual nationalities and Immigration Status For NonUK Nationals

    Country of Birth

    Tax Residence
    Which countries you are a tax resident in, or have been in the last two years. A Tax Identification No (TIN) should be entered for each non UK tax residency.

  • Address Details expandable section

    Current Home Address
    Details of full current address inc Postcode

    Where address is BFPO (British Forces Post Office)
    Service Number, Rank, Unit, Regiment, Operation Name (if applicable) and BFPO Number will be required.

    When did you move to your current address
    If you have lived in your current address for less than 3 years, you will also be asked to provide details of any previous addresses you've held during this period

    Residential Status

  • Contact Details expandable section

    Main phone number
    Including Other phone number

    Email address

    Marketing Preferences
    Marketing opt in to specify marketing preference via (Email / SMS / Post / Phone)

  • Income & Expenditure Details expandable section

    Your total monthly income (after tax)

    Will your monthly income be paid into this account?

    How will you fund the account?
    e.g. Bank Transfer, Electronic payments, Cash or Cheques

    How will you use the account?
    e.g. Bank Transfer, Electronic payments, Cash or Cheques

    Employment status
    If Employed (Occupation type, name of employer, start date). If self employed (Occupation type, company/ organisation name/ start date)

    Your total amount of savings

  • Overdraft requests (optional) expandable section

    What Arranged Overdraft limit would you like?

    How many people who live with you depend on you financially?

    Your monthly share of mortgage or rent payments

    What do you spend each month on childcare, maintenance and education?

    Are you aware of any upcoming changes in your circumstances?

  • Packaged Accounts (accounts where you pay a monthly maintaining the account fee and receive insurance benefits) expandable section

    Do you already have travel insurance or another packaged bank account?

    Do you need world wide travel insurance?

    Are all account holders and family members below 80 years old and are all children under 18 years of age?

    Do you need mobile phone insurance?

    Do you need AA breakdown cover?

  • Switching expandable section

    Do you want to switch?

    Is this a sole account switch?

    Existing bank details
    inc Sort code, Account Number, Name of Account Holder, 16 digit debit card number and debit card expiry from old bank

    Do you have an overdraft at your old bank? - If yes then do you want to settle this?

    Do you want SMS updates on your switch?

    What is your switch date?

  • Источник: https://www.bankofscotland.co.uk/accountopeningguide.html

    Get Answers to Your Banking Questions

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    Banks are required by law to have a customer identification program that includes performing due diligence (also called Know Your Customer) in creating new accounts by collecting certain information from the applicant. An account is a formal banking relationship established to provide or engage in services, dealings, or other financial transactions including a deposit account, a transaction or asset account, a credit account, or other extension of credit. The term includes a relationship established to provide a safety deposit box or other safekeeping services, and cash management, custodian, and trust services.

    Each bank's customer identification program must include procedures for verifying the identity of each customer. At a minimum, when opening a new account, a bank must obtain the following information as part of its program:

    • Name
    • Date of birth (for an individual)
    • Address
    • Identification number

    The required identification number for a U.S. citizen is a Social Security number and for a U.S. company is an employer identification number. For all others, an identification number is one or more of the following:

    • Taxpayer identification number
    • Passport number and country of issuance
    • Alien identification card number
    • Number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard

    The bank must then verify the accuracy of the information the applicant provided by reviewing documents, such as a driver's license or passport. It can also verify the information by other means, such as comparing it with information from a credit reporting agency or by checking the applicant's references with other financial institutions.

    Refer to 31 CFR 1020 "Rules for Banks."

    Last Reviewed: April 2021

    Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC.

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    Источник: https://www.helpwithmybank.gov/help-topics/bank-accounts/required-identification/id-types.html

    Getting a bank account

    If you want to get a new bank account, there are some things you need to find out:

    Types of bank account

    There are different types of bank account that you can use for different reasons. Here we tell you about the main types of bank account, and what you can use them for.

    Current accounts

    You can use a current account to help you manage your money day-to-day. This includes:

    • paying your bills
    • receiving money - such as your salary or benefits
    • keeping track of where your money is going.

    Some current accounts can also earn you interest on the money you have in the account, although this is likely to be less than many savings accounts.

    With a current account, you will get a cheque book which you can use to take money out. You may also get a debit card which you can use in shops and cash machines. The bank may let you have an overdraft and access to other kinds of credit. You will be allowed to set up direct debits and standing orders.

    Some banks will let you cash a current account personal cheque or use your cash card at the Post Office, free of charge. Ask your local post office if you can do this free from your current account.

    Post Office card accounts

    You should only apply for a Post Office card account if you can’t get a bank or building society account.

    You can only use a Post Office card account to get payments of: 

    • benefits – but the Department for Work and Pensions (DWP) might refuse to pay Universal Credit into a Post Office card account

    You can’t pay any other income into a Post Office card account. You also can’t get Housing Benefit paid into a Post Office card account.

    You can withdraw money from the account at any post office using a card and PIN number, but you can’t get access to the money anywhere else. You won’t get an overdraft.

    If you want to open a Post Office card account you must first contact: 

    • the DWP if you get a benefit or State Pension
    • HMRC if you get tax credits

    The Post Office will close all its card accounts on 30 November 2022. You can keep using your card account until then. The DWP or HMRC will let you know how you can keep getting benefit payments after your account closes.

    Savings accounts

    You can use savings accounts to put away money that you'd like to save for the future, for emergencies or to buy expensive purchases like a new car or a holiday.

    A savings account will give you interest on your money.

    You can find out more about savings on the Money Helper website.

    Help to Save

    If you’re getting tax credits or Universal Credit, you could be eligible to join the government’s Help to Save scheme and get back an extra 50p for every £1 you save. You can find out more about Help to Save on GOV.UK.

    Basic bank accounts

    If you have a poor credit rating or a low income, you may have problems in opening a standard current account or savings account. You may also have problems if you already have a current account which is overdrawn. If you're in this situation, you may be able to open a basic bank account.

    You can ask a bank or building society to open a basic bank account. The bank or building society must tell you whether it offers basic bank accounts. If it does, it must tell you the conditions you must meet to be able to open one.

    You should still be able to get a basic account even if a credit check shows that you have:

    • previous bad debts

    • outstanding county court judgments against you

    For more information about credit reference checks and outstanding court judgments, see How lenders decide whether to give you credit.

    If you have a basic bank account you usually:

    • don't have to have any money to put in the account to open it

    • don't have to pay any fees

    • can pay your wages, salary, benefits and tax credits directly into the account

    • can pay in cheques and cash

    • can pay bills by direct debit

    • can withdraw money from cash machines.

    There are some disadvantages to having a basic bank account. These include:

    • you won't be able to have a cheque book or go overdrawn

    • if you've set up a direct debit and there's not enough money to pay for it, you might be charged for this

    Not all basic bank accounts can be accessed at the Post Office. If you want to do this, check with the bank before you open a basic bank account.

    If you have an overdraft or other debts on your current account and you open a basic bank account at the same bank, they may use the money in your new account to pay off the debts in your old one. If you get benefits, tax credit or state pension, you might want to think about opening your basic bank account at a different bank or building society.

    You can get more information about basic bank accounts on the Money Helper website.

    You can get versions of this information in large print, Braille or audio format from the FCA's Consumer Helpline on: 0800 111 6768.

    Joint accounts

    You can also open a bank account jointly with other people. For example, you might want to do this to manage household bills with someone you live with, or with your wife, husband or civil partner.

    How to open an account

    To open a bank account you usually have to fill in an application form. Often, you can do this in a branch or online, and sometimes you can also do this over the phone.

    You will also have to provide proof of your identity including your full name, date of birth and address. You usually have to show the bank two separate documents that prove who you are, for example, your passport, and where you live, for example, a recent bill. If you don't have any of the documents that the bank wants, they should accept a letter from a responsible person who knows you, such as a GP, teacher, social worker or probation officer.

    If you're bankrupt or have a record of fraud, you will not usually be allowed to open a bank account. Also, you may be refused permission to open a current account if you have a poor credit rating. However, if you're bankrupt or have a poor credit rating, you may be able to open a basic bank account.

    For more information about bankruptcy in England and Wales, see Bankruptcy.

    A bank or building society can refuse to open an account for you. They don't have to give you a reason, and there's usually nothing you can do about it. A bank or building society isn't allowed to open an account for someone who needs leave under the Immigration Rules to enter or stay in the UK but who doesn't have it, for example, someone who has entered the UK illegally or who has 'overstayed' after their visa has run out. If you are in this category you also can't be added to someone else's account as a joint account holder or be a signatory or beneficiary in relation to any account. Your bank or building society will carry out status checks to ensure that you don't come into this category. There is more information about what you should do if your bank or building society refuses to open an account for you for this reason on the GOV.UK website at www.gov.uk.

    Some groups of people such as ex-prisoners may find it particularly difficult to open accounts.

    However a bank or building society isn't allowed to discriminate against you, for example, because of your race, sex, disability, religion or sexuality. If you are discriminated against, you may be able to complain to the Financial Ombudsman Service. Also, you may be able to take a case to court.

    However, there are some circumstances when a bank or building society can discriminate against you, for example, they may not let you open some types of account unless you fall into a certain age-group.

    For more information about discrimination, see our discrimination pages.

    If you think you've been discriminated against by a bank or building society, you should get help from an experienced adviser, for example, at a Citizens Advice Bureau. To search for details of your nearest CAB, including those that can give advice by email, click on nearest CAB.

    Terms and conditions

    When you open an account with a bank or building society and use their services, you are entering into a contract with them.

    The terms of the contract will change according to the bank or building society and the type of account or other service you use.

    Before you open an account, you should be given information which will help you choose the account that suits you. The information should include the terms and conditions and the interest rates.

    After you've opened an account, your bank or building society should keep you informed about changes to this information, so that you can make decisions on how to best use your account.

    Terms and conditions for current, basic and instant access savings accounts

    If you're opening a current, basic or instant access savings account, you should also be given additional information such as:

    • details of all charges
    • how the bank or building society will give you information about your account
    • any spending limits on your account
    • what to do if things go wrong.

    The information should be given to you in a way which is easy for you to understand. Once you've opened your account, the bank or building society should tell you about any changes to terms and conditions at least two months before the changes are made.

    If there are changes to the terms and conditions of your account, you can close the account at any time up to 60 days from the day you were told about the changes. You don't have to give notice or pay any extra charges.

    Terms and conditions for savings accounts

    If you're opening a savings account other than an instant savings account, you will be given less detailed information than for other types of account. It may be provided in a summary box which will help you compare different accounts from different banks and building societies.

    You may have to be 18 or over to be able to open some accounts.

    Changing your bank or building society

    If you decide to change your bank or building society account, you should think about:

    • what charges will be involved, for example, for closing your account or cancelling standing orders
    • whether the services and facilities provided by the new bank or building society are better than those you currently get
    • the fact that there may be delays in making payments by standing order or direct debit. You should take this into account when you decide the date for closing your account
    • how long you will have to wait before you can use all the new bank or building society's services

    You should open a new account before closing your old one and make sure you cancel any current standing orders or direct debits, or move these to your new account. Be sure to return any unused cheques or plastic cards (cut into pieces) to your old bank or building society.

    If you are transferring a balance to your new account, make sure you have left enough money in the old account to cover any uncleared cheques.

    If you owe the existing bank or building society any money and you wish to close the account, you may still be sued for the money you owe if you don't pay it when you close the account.

    Both your old and new bank or building society have responsibilities towards you.

    The level of service you should expect from your old bank or building society will depend on whether there is an arrangement in place between your old bank and the new one.

    Where there is no arrangement, your bank or building society only has to provide a prompt and efficient service to help you close your account and it must return any money due to you. This includes any interest.

    Where there is an arrangement in place, your bank or building society must transfer any account balance and make arrangements in respect of direct debits and standing orders. If there are mistakes or delays in the transfer process which lead to bank charges, you shouldn't have to pay for them.

    Further help

    For more information about banks and building societies and the services they offer, see Banks and building societies.

    You may also find the following information helpful:

    Money Helper

    Money Helper is a free, independent service. Their website has lots of useful information about financial products such as bank accounts. They can also give you advice by phone and answer questions about financial products and services.

    You can find out how to get money advice on the Money Helper website. 

    Financial Conduct Authority

    The Financial Conduct Authority (FCA) is the body responsible for regulating banks and building societies.

    They aren't able to get involved in individual complaints, recommend firms or give legal or financial advice. However, the FCA is interested in hearing about cases where a bank or building society appears to be in breach of its obligations. The FCA may, where appropriate, fine the bank or building society.

    Their Consumer Helpline is 0800 111 6768.

    Their website is www.fca.org.uk

    The Financial Ombudsman Service

    If you've gone through your bank or building society's complaints procedure and they haven't been able to help you, you can make a complaint to the Financial Ombudsman Service.

    You must give your bank or building society at least eight weeks to sort the problem out, unless they send you a letter of deadlock before the eight weeks is up. This is a letter telling you there is nothing more they can do to help you.

    You must complain to the Ombudsman within six months of getting the letter of deadlock, or from the end of the eight week period if you don't get a letter of deadlock. Make sure you keep a record of the date when you first made your complaint to the bank.

    Financial Ombudsman Service
    Exchange Tower
    London
    E14 9SR

    Consumer helpline: 0800 023 4567 (free for people phoning from a landline) or 0300 123 9123 (free for mobile-phone users who pay a monthly charge for calls to numbers starting 01 or 02) (Monday to Friday from 8.00am to 8.00pm; Saturday from 9.00am to 1.00pm)
    Email: [email protected]
    Website: www.financial-ombudsman.org.uk

    For more information about the Financial Ombudsman Service, see How to use an Ombudsman.

    Источник: https://www.citizensadvice.org.uk/debt-and-money/banking/getting-a-bank-account/

    What Do You Need to Open a Bank Account?

    Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

    While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

    By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

    Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank and Stride Bank N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

    1 Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Spending Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime's discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Friends transfers, or Chime Checkbook transactions. See Terms and Conditions.

    2 Out-of-network ATM withdrawal fees apply except at MoneyPass ATMs in a 7-Eleven location or any Allpoint or Visa Plus Alliance ATM. Other fees such as third-party and cash deposit fees may apply.

    3 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

    © 2013-2021 Chime. All Rights Reserved.

    Источник: https://www.chime.com/blog/what-do-you-need-to-open-a-bank-account/

    How To Open A Bank Account

    A bank account can be convenient if you need a place to deposit your paychecks or a way to pay bills and cover everyday spending. But not everyone has one: Federal Reserve data show that 22% of American households are either underbanked, meaning they rely on nontraditional banking options, or unbanked, meaning they have no bank account at all.

    Opening a bank account has its benefits, and the process isn’t as complicated as it may seem. Whether you’re preparing to open your very first bank account or you’re ready to switch your accounts to a new bank, it helps to know what to expect.

    What You Need to Open a Bank Account

    Every bank is different when it comes to opening new accounts but, typically, you’ll need at least three things:

    • Government-issued photo ID
    • Social Security number or Individual Taxpayer Identification Number (ITIN)
    • Minimum initial deposit

    Almost any bank or credit union will require some form of government-issued ID to verify your identity. This can be a driver’s license, state-issued ID card, official passport or birth certificate. In some cases, you may need more than one form of ID.

    Banks also can require you to complete an application for a new account. This means providing additional information such as your address, phone number and email. If you’re opening a joint account with someone else, that person also has to provide their ID and Social Security number.

    What Kind of Account Should You Open?

    A bank account can mean many different things, and it’s important to know what kind of account—or accounts—you need.

    For example, you could open one or all of the following:

    • Checking account
    • Savings account
    • Money market account
    • Certificate of deposit

    All of these are deposit accounts, but they work in different ways.

    A checking account, for example, is designed for depositing money that you’ll use to pay bills or cover expenses with a linked debit card or by writing checks. Some checking accounts earn interest or offer rewards, but that’s usually not the main purpose of having a checking account.

    Savings accounts and money market accounts also can earn interest and both are designed to hold money you don’t plan to spend right away. For example, you might use a savings account for your emergency fund, or you could save money toward a down payment on a home in a money market account.

    Some money market accounts offer a debit card or check-writing capabilities. Both money market accounts and savings accounts have been subject to federal rules regarding the number of withdrawals you can make each month (which were recently suspended by the Federal Reserve). Checking accounts are not subject to these limitations, although the bank may set limits on withdrawals.

    Certificates of deposit, or CDs, let you save money and earn a guaranteed rate of return. These are time deposits, which means that you agree to save for a set period of time. Your money earns interest and, once the time is up and the CD matures, you can withdraw your original savings deposit along with the earned interest.

    How Much Money Do You Need to Open an Account?

    Every bank is different when it comes to how much money you’ll need to deposit into a new account.

    Some banks, for example, may let you open a bank account with no minimum deposit required or a minimum deposit as low as $1. Others may expect you to have amounts ranging into the thousands of dollars to open a new account.

    If a bank requires a minimum deposit, there are a few ways you can make it: For instance, you can use cash or a check that’s written out to you to make your initial deposit. If you already have a bank account, you also can use an ACH transfer to move money from it to your new account electronically.

    What to Expect When You Open a Bank Account

    Opening a bank account is something you can do relatively quickly, either online or at a bank or credit union branch.

    Generally, you can expect the bank to ask you to fill out an application for a new account. That’s usually the first step and, from there, you’ll need to verify your identity and provide any other information the bank asks for, such as your address or phone number.

    If the bank requires a minimum deposit, you’ll have to make that deposit when you open your new account. If you’re opening an account online or making your first deposit using an ACH transfer from another bank, you’d need to give the new bank your routing number and account number to complete the transfer.

    Some banks require further verification before you can actually start using your new account if you’re linking it to an account at another financial institution. For example, the bank might make one or two small test deposits into your new account. You will have to verify those amounts to activate your account, which can take a day or two.

    Also, keep in mind that there may be a holding period on your initial deposit. If you’re making your first deposit by check, for example, it could take a few days for that check to clear. You may also be waiting several days for your debit card or first order of checks to arrive.

    Brick-and-Mortar vs. Online Banks

    Opening an account at a traditional bank versus an online bank is usually a little different in terms of the process.

    While you can walk into a brick-and-mortar bank to fill out an application and make your first deposit, online banks require you to apply and fund your new account entirely online. Applying online could be faster, but, if the bank requires trial deposits to verify your new account, that could slow things down a little.

    Both brick-and-mortar and online banks typically require the same things to open a new account as far as proof of identity goes. One difference is that, while you can hand your identity documents to someone in person at a bank, you may need to scan and upload them when opening an online bank account. And, with either one, you may be asked to agree to the bank’s privacy policy and terms of service before completing your application.

    Close Your Old Account, If Needed

    If you already have an existing bank account and you’re moving to a new bank, you may need to close the old account. There are a few important things to do here to make sure the transition is a smooth one, including:

    • Updating your direct deposit information with your employer, so your paychecks go to the right bank
    • Updating direct deposit information with anyone else you receive money from, such as government benefits or child support
    • Switching any automatic bill payments over to your new account
    • Canceling recurring transfers between linked accounts
    • Updating your bank account information in mobile payment apps
    • Setting up new text and email notifications for your new account
    • Destroying paper checks and the debit card linked to your old account

    You also should consider what needs to be done with any accounts you plan to leave open at your previous bank.

    For example, if you have CD accounts there, think about what you want to do with them once they mature. You could roll them over into new CDs at the same bank, but, if your new bank offers a higher annual percentage yield (APY), you may be better off withdrawing your savings and starting fresh.

    It’s also a good idea to get a written statement from the old bank specifying that your account is closed. This can help you avoid situations where the bank may reactive your old account, which could trigger fees.

    How to Choose the Right Bank

    Finding the right bank to open an account with means doing your homework.

    First, consider whether you want to open your account at a bank at all. Credit unions are another option for your banking relationship, and they can offer advantages, such as lower fees or better interest rates on savings. The catch is that you have to meet membership requirements to open an account, but many credit unions offer numerous ways to qualify.

    Next, decide if you’d rather do your banking in person or online. If you don’t need to visit a branch, then online banking could be attractive. On the other hand, you may still need a brick-and-mortar bank if you regularly deposit cash or you want to be able to handle certain transactions with a teller.

    Once you’ve decided whether you want to open an account with a bank or credit union in person or online, you can start comparing individual banks and accounts. You’ll want to consider things like:

    • Minimum deposit requirements
    • Monthly maintenance fees, if any
    • Other banking fees, such as overdraft fees
    • ATM locations and branch locations if you’re considering a traditional bank or credit union
    • Online and mobile banking access, including security features
    • Interest rates for deposit accounts
    • Direct deposit and mobile deposit options

    Figuring out how to open a bank account isn’t that difficult. What’s more important is finding the right bank account to open that fits your needs. Taking time to compare your options can help you figure out where your money belongs.

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    Источник: https://www.forbes.com/advisor/banking/how-to-open-a-bank-account/

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    Outgoing wire transfers are subject to a service charge. You may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network.

    • No monthly fees on any account.
    • No insufficient funds or overdraft fees.

      For Discover Bank Cashback Debit, Online Savings and Money Market Accounts.

    • No minimum balance.

      For Discover Bank Cashback Debit and Online Savings Accounts.

    Get help choosing an account

    Discover® Cashback Debit, NerdWallet’s 2021 winner for Best Checking Account with No Monthly Fee

    NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission.

    “Discover’s high-yield savings account is among the best in its online class.” 

    “Discover Bank is an online bank providing one of the most attractive checking account offers in the industry. With it you can earn cash back on debit card purchases, while paying no monthly fees.”

    “Most of the time, Discover Bank is on our list of the best high yield savings accounts and our list of the best money market accounts.”

    "Discover Bank offers a broad range of products, including checking and savings accounts, money market accounts, and CDs with maturity dates between three months and 10 years."

    Easy to find.

    See which of our over 60,000 no-fee ATMs are at the stores you already frequent.

    Some ATMs have limited hours and/or restricted access. You may be charged a fee by the ATM owner if you use an ATM that is not part of our no-fee network. If you encounter any issues using the ATMs displayed on this site, please contact us at 1-800-347-7000.

    Make sure your search is spelled correctly. Try adding a city, state, or zip code.

    ATM Finder Close

    ATM FinderClose
    Zelle Logo
    With Zelle® your money’s making moves.

    Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

    Online and from the mobile app, it’s easy to send and receive money between almost any U.S.-based bank accounts. Just enroll with your email or U.S. mobile number and you’re ready to go.

    • It’s easy to use. Send to friends, family and people you trust with a bank account in the U.S.

      Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address.

    • Money moves fast. Just tell us who to pay and how much – the money’s on its way in minutes.

      Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle

      Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address. Voice over IP (VOIP), prepaid mobile phone numbers, landlines and Google voice numbers are not eligible for Zelle enrollment.  Message and data charges from your carrier may apply. Transaction limitations may apply. ​

      To use Zelle with Discover, an account center registered Discover checking, savings, or money market account is required. Discover and Zelle do not offer a protection program for any authorized payments made with Zelle.​

    • You’re protected. We won’t share any of your bank account information with your recipient.
    • No fees. Whether you’re sending or receiving, Discover doesn’t charge any fees to use Zelle.

    See Zelle FAQs

    Easy to love.

    Online banking, now as simple as everything else you do on your phone.

    EASY ACCESSMOBILE CHECK DEPOSITSIMPLE TO USEQUICK VIEW

    Get access to cash on the go. Just tap to find one of our no-fee ATMs near you.

    Easily deposit a check into your account by snapping a photo of it with your smartphone or tablet.

    For more information regarding the Discover Bank Mobile Check Deposit Service, click here.

    Check on your account easily anytime. You can even skip the passcode and log in with touch or face ID.

    Face ID is currently available to iOS users.

    Enable Quick View to check your account balances without logging in each time.

    ★★★★★

    ★★★★★

    We score out of 5 stars!

    Star rating is representative of the Apple® App Store rating for the Discover mobile app and is updated daily.

    App Store Google Play

    Opening an online bank account couldn’t be simpler.

    1. Just give us a few basics (like address and Social Security number), and we’ll get the ball rolling for you.
    2. Make a deposit now or come back and do it later. Whatever makes it easier for you to get going on your goals.
    3. Check your email for a confirmation, and you’re on your way to the future you’ve been dreaming of.

    Need help?
    We've got your back.

    Our friendly customer service is available 24/7.

    1 (800) 347-7000 Click here to Call us at

    • 5 Online Banking Myths Debunked

      Put your online banking knowledge to the test and see if you've fallen for one of these common myths.

      “If you can manage your traditional bank’s account online via its website or app, you can manage an online-only account. It’s the same basic experience.”

      – Miguel A. Suro, founder of financial blog The Rich Miser

      Read full article

    • What is Zero-Sum Budgeting and Can It Work for You?

      If you want a thorough budget that will put every dollar to work for you, zero-sum budgeting might be the answer.

      Choosing a budgeting system is a lot like choosing the right approach to rehabbing or remodeling your home. You might spend months looking for the right contractor or figuring out how to do it yourself. The zero-sum budget, also known as the zero-based budget, can provide a holistic solution to revamping your finances.

      Read full article

    • What Happens to Mortgage Rates When the Fed Cuts Rates?

      Your guide to understanding how a Fed rate cut could impact your mortgage as a homeowner or prospective buyer.*


      *This should not be considered tax or investment advice. Please consult a financial planner or tax advisor if you have questions.

      “If the Fed drops its rate during the adjustment period, you could see your interest rate go down and, in turn, see lower monthly payments.”  

      – Emily Stroud, financial advisor and founder of Stroud Financial Management

      Read full article

    Источник: https://www.discover.com/online-banking/

    Applying for Bank Accounts FAQs

    Expand all panels

    We’re here for you. And yours.

    Wherever you are in life,
    we’ve got an online bank account designed to make it more rewarding.

    All the stuff you want.

    Whichever online bank account you choose, we keep the terms simple, the rewards high and the service stellar.

    1%cash back on up to $3,000 in debit card purchases each month

    ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards.  In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal®, who also provide P2P payments) may not be eligible for cash back rewards.  Apple, the Apple logo and Apple Pay are trademarks of Apple Inc., registered in the US and other countries. Venmo and PayPal are registered trademarks of PayPal, Inc.

    Checking Account
    % APY

    Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.

    watch your money grow Online Savings Account
    X.XX% APY

    Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX, is subject to change without notice, and will be determined and fixed for the term at funding.  Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum deposit to open is $2,500.    

    12 mo lock in long-term earnings Certificate of Deposit

    None of the sneaky stuff.

    We're an online bank that says goodbye to gimmicks, gotchas and fees.

    No. Fees. Period. 

    Outgoing wire transfers are subject to a service charge. You may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network.

    • No monthly fees on any account.
    • No insufficient funds or overdraft fees.

      For Discover Bank Cashback Debit, Online Savings and Money Market Accounts.

    • No minimum balance.

      For Discover Bank Cashback Debit and Online Savings Accounts.

    Get help choosing an account

    Discover® Cashback Debit, NerdWallet’s 2021 winner for Best Checking Account with No Monthly Fee

    NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission.

    “Discover’s high-yield savings account is among the best in its online class.” 

    “Discover Bank is an online bank providing one of the most attractive checking account offers in the industry. With it you can earn cash back on debit card purchases, while paying no monthly fees.”

    “Most of the time, Discover Bank is on our list of the best high yield savings accounts and our list of the best money market accounts.”

    "Discover Bank offers a broad range of products, including checking and savings accounts, money market accounts, and CDs with maturity dates between three months and 10 years."

    Easy to find.

    See which of our over 60,000 no-fee ATMs are at the stores you already frequent.

    Some ATMs have limited hours and/or restricted access. You may be charged a fee by the ATM owner if you use an ATM that is not part of our no-fee network. If td bank canada login easy web encounter any issues using the ATMs displayed on this site, please contact us at 1-800-347-7000.

    Make sure your search is spelled correctly. Try adding a city, state, or what do i need to open a bank account code.

    ATM Finder Close

    ATM FinderClose
    Zelle Logo
    With Zelle® your money’s making moves.

    Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

    Online and from the mobile app, it’s easy to send and receive money between almost any U.S.-based bank accounts. Just enroll with your email or U.S. mobile number and you’re ready to go.

    • It’s easy to use. Send to friends, family and people you trust with a bank account in the U.S.

      Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address.

    • Money moves fast. Just tell us who to pay and how much – the money’s on its way in minutes.

      Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle

      Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address. Voice over IP (VOIP), prepaid mobile phone numbers, landlines and Google voice numbers are not eligible for Zelle enrollment.  Message and data charges from your carrier may apply. Transaction limitations may apply. ​

      To use Zelle with Discover, an account center registered Discover checking, savings, or money market account is required. Discover and Zelle do not offer a protection program for any authorized payments made with Zelle.​

    • You’re protected. We won’t share any of your bank account information with your recipient.
    • No fees. Whether you’re sending or receiving, Discover doesn’t charge any fees to use Zelle.

    See Zelle FAQs

    Easy to love.

    Online banking, now as simple as everything else you do on your phone.

    EASY ACCESSMOBILE CHECK DEPOSITSIMPLE TO USEQUICK VIEW

    Get access to cash on the go. Just tap to find one of our no-fee ATMs near you.

    Easily deposit a check into your account by snapping a photo of it with your smartphone or tablet.

    For more information regarding the Discover Bank Mobile Check Deposit Service, click here.

    Check on your account easily anytime. You can even skip the passcode and log in with touch or face ID.

    Face ID is currently available to iOS users.

    Enable Quick View to check your account balances without logging in each time.

    ★★★★★

    ★★★★★

    We score out of 5 stars!

    Star rating is representative of the Apple® App Store rating for the Discover mobile app and is updated daily.

    App Store Google M to ft inches

    Opening an online bank account couldn’t be simpler.

    1. Just give us a few basics (like address and Social Security number), and we’ll get the ball rolling for you.
    2. Make a deposit now or come back and do it later. Whatever makes it easier for you to get going on your goals.
    3. Check your email for a confirmation, and you’re on your way to the future you’ve been dreaming of.

    Need help?
    We've got your back.

    Our friendly customer service is available 24/7.

    1 (800) 347-7000 Click here to Call us at

    • 5 Online Banking Myths Debunked

      Put your online banking knowledge to the what do i need to open a bank account and see if you've fallen for one of these common myths.

      “If you can manage your traditional bank’s account online via its website or app, you can manage an online-only account. It’s the same basic experience.”

      – Miguel A. Suro, founder of financial blog The Rich Miser

      Read full article

    • What is Zero-Sum Budgeting and Can It Work for You?

      If you want a thorough budget that will put every dollar to work for you, zero-sum budgeting might be the answer.

      Choosing a budgeting system is a lot like choosing the right approach to rehabbing or remodeling your home. You might spend months looking for the right contractor or figuring out how to do it yourself. The zero-sum budget, also known as the zero-based budget, can provide a holistic solution to revamping your finances.

      Read full article

    • What Happens to Mortgage Rates When the Fed Cuts Rates?

      Your guide to understanding how a Fed rate cut could impact your mortgage as a homeowner or prospective buyer.*


      *This should not be considered tax or investment advice. Please consult a financial planner or tax advisor if you have questions.

      “If the Fed drops its rate during the adjustment period, you could see your interest rate go down and, in turn, see lower monthly payments.”  

      – Emily Stroud, financial advisor and founder of Stroud Financial Management

      Read full article

    Источник: https://www.discover.com/online-banking/

    How can I open an account?openWhat do I need to apply?closedWhat information do I need to open a joint account?closedHow do I make an initial deposit for an account that I just opened?closedHow much can I deposit into my new account?closedIs my online application secure?closedHow long will it take to open an account when I apply?closedWhat's an offer code?closedWhat does "online access to my account" mean?closedHow do I get my account opening documents?closedWhat's a signature form? Why do I need to send it back to you?closedCan I save my application and complete it later?closedCan I open a U.S. bank account if I'm a nonpermanent resident?closed

    How can I open an account?open

    You can apply online for a checking account, savings account, CD or IRA. Simply select an account, enter your personal information, verify your information and choose features & funding options. You will receive an email once your application is received and a follow-up email telling you whether it has been approved, plus any next steps.

    What do I need to apply?open

    For a faster application process, please have the following information on hand when you begin your application:

    • Your Social Security number
    • Your current residential address
    • Your email address
    • Your account number or debit card number to make your opening deposit into your new Bank of America account
    • Co-applicant's personal information (if applicable)

    If you're missing one of these pieces of information, you can also schedule an appointment with an associate at your local financial center for a day and time that works best for you.

    What information do I need to open a joint account?open

    You'll need the same information that's needed when opening an individual account, but you'll need it for both applicants. For details, please see the preceding question and answer. Please note that each co-applicant has to sign the signature form.

    How do I make an initial deposit for an account that I just opened?open

    To make your initial deposit, you can transfer money from your account at another bank. If you are already a Bank of America customer, you can transfer money from your existing account. You how to play bb on ukulele also use a debit card, check or money order for your initial deposit.

    The transfer will not take place until your account is approved. Please ensure that you have sufficient funds available to be transferred.

    Is my online application secure?open

    We use Secure Socket Layer (SSL) technology to ensure your online information is passed to us securely. This technology allows users to establish sessions with internet sites that are secure, meaning they have minimal risk of external violation. Once inside the Online Banking site, you are secure through our use of SSL technology.

    How long will it take to open an account when I apply?open

    Your application will be processed in 1 to 2 business days. We'll houston federal credit union gulf freeway you either an email or letter letting you know if you are approved for your account. You will receive your account documents via U.S. Mail within 7-10 business days.

    Processing times may be slower due to high volume of applications

    What's an offer code?open

    An offer code is a series of numbers and letters that you may have received from Bank of America in conjunction with a promotion or offer. Your offer code is indicated on the communication material you may have received from us. Examples of communications are a brochure that you received in the mail or from a web page ad. You can provide this offer code with your application.

    How do I get my account opening documents?open

    As part of your online application, you will be asked to give consent to receive certain account opening documents and notices from us electronically. Other account opening documents will be sent through U.S. Mail within 7-10 days of account opening. If you do not wish to consent to receiving documents electronically, you may visit any Bank of America banking center to apply in person.

    What's a signature form? Why do I need to send it back to you?open

    A signature form allows Bank of America to service your account. It is important to sign and mail your signature form to us as soon as possible (and have any co-applicants sign the signature form too) so that we can service your account, which includes verifying your identity and reporting tax information.

    Can I save my application and complete it later?open

    Yes, if you need more time, you can save what you've already entered for up to 30 days and complete the application later.

    To save your application, you'll need to provide some personal information such as your date of birth and Social Security number so we can identify you when you return.

    When you're ready to complete your application, either follow the link in the confirmation email or access your saved application now.

    Can I open a U.S. bank account if I'm a nonpermanent resident?open

    Yes. U.S. visa holders currently living in the U.S. may open an account in person at one of our financial centers. You must be able to provide both your permanent (foreign) and local address, as well as your ITIN (Individual Tax Identification Number).

    What to bring to your appointment:
    1. Proof of U.S. residency
    For example: U.S. government-issued photo ID, student/employer photo ID, current utility bill or rental agreement (documents must show your name and U.S. physical address).

    2. One primary photo ID
    For example: Foreign passport (with or without passport visa), U.S. Non-Immigrant visa and Border Crossing Card-DSP-150, Canadian Citizenship card (with photo), Mexican, Guatemalan, Dominican or Colombian Consular ID (with photo).

    3. One secondary ID
    For example: Foreign or U.S. driver's license (with photo), student/employer ID (with photo), major debit or credit card with Visa® estimate total mortgage payment Mastercard® logo, major retail credit card from a nationally well-known company, U.S. Department of State Diplomat ID.

    Источник: https://www.bankofamerica.com/deposits/applying-for-accounts-faqs/

    How to Open a Business Checking Account

    What You'll Need:

    Banks require three primary types of documentation before you can open a business checking account:

    • Personal Identification: Any form of government-issued photo identification (e.g. driver's license, passport, etc). Some banks may require a secondary form of identification (e.g. utility bill, credit/debit card, etc).
    • Tax Identification Number: Multi-member businesses must provide their Employment Identification Number (EIN). Sole proprietorships and single-member LLCs may provide their SSN or ITIN (for non-US citizens) instead of an EIN.
    • Documentation of Business Registration & Compliance: Unless you’re a sole proprietor, you’ll need to bring your business formation documents (Certificate of Formation, Articles of Incorporation, etc). Businesses that require licenses or permits should bring proof of these as well.

    Some banks also require the following documents:

    • Operating/partnership agreement: Depending on your business structure, you may also need to provide your bank with a written operating agreement or partnership agreement.
    • Assumed Name Certificate: If your business uses a DBA (Doing Business As) name, your bank may need to have your Assumed Name Certificate or equivalent document (e.g. Trade Name Certificate, Fictitious Business Name Statement, etc) on file.

    How to Apply Online

    Applying for a business bank account online is typically more convenient than applying in-person. Not all banks offer this method of application, but many are beginning to (Bank of America, Chase, Citibank and Wells Fargo to name a few). It simply involves providing the documentation above in digital form, or inputting the information from these documents into an online form.

    Some banks may allow you to start the application process online but require that you bring your business documents to a physical branch location before officially opening the account. It’s also important to keep in mind that you’ll be required to make a minimum initial deposit upon the finalization of your business bank account.

    How to Apply In-Person

    Applying at a physical branch of the bank of your choice is the traditional way to open a business checking account. Simply bring copies of the documents outlined above to a nearby branch location and ask to speak with a banker who’s qualified to get your account set up. It may be worth calling ahead of time to confirm the documents you need to bring, and ask whether or not all the members of your business need to be present.

    Why Should You Open a Business Checking Account?

    A business bank account establishes your business as its own entity that’s completely separate from your personal finances. This separation is essential for protecting your personal assets.

    For more information on why you should open a business bank account, check out our guide.

    National Banks vs. Local Banks

    Before deciding on a bank, we encourage you to explore the pros and cons of national and community banks.

    National financial institutions have more locations, making them a good choice for businesses looking to expand. Larger banks also tend to offer more sophisticated financial services. However, community banks get higher satisfaction ratings due to more personal customer service, which may make them a worthwhile option for small local businesses.

    It’s important to consider the unique needs of your business before choosing a bank. Learn more about the differences between national and community banks by reading our guide.

    Источник: https://howtostartanllc.com/how-to-open-a-business-bank-account

    What Do You Need to Open a Bank Account?

    Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

    While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

    By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

    Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank and Stride Bank N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

    1 Chime SpotMe is an optional, no fee service that requires what do i need to open a bank account single deposit of $200 or more in qualifying direct deposits to the Chime Spending Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime's discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Friends transfers, or Chime Checkbook transactions. See Terms and Conditions.

    2 Out-of-network ATM withdrawal fees apply except at MoneyPass ATMs in a 7-Eleven location or any Allpoint or Visa Plus Alliance ATM. Other fees such as third-party and cash deposit fees may apply.

    3 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

    © 2013-2021 Chime. All Rights Reserved.

    Источник: https://www.chime.com/blog/what-do-you-need-to-open-a-bank-account/

    How to open a bank account in the United States

    {"menuItems":[{"label":"Can I open a bank account as a recent arrival?","anchorName":"#can-i-open-a-bank-account-as-a-recent-arrival"},{"label":"What documents will I need to open a US bank account?","anchorName":"#learn"},{"label":"How much money do I need to open an account?","anchorName":"#how-much-money-do-i-need-to-open-an-account"},{"label":"What kinds of accounts are available to foreigners?","anchorName":"#what-kinds-of-accounts-are-available-to-foreigners"},{"label":"Which bank is best for my needs?","anchorName":"#compare"},{"label":"I\u2019m a student \u2014 can I open a bank account?","anchorName":"#i-m-a-student-can-i-open-a-bank-account"},{"label":"Bottom line","anchorName":"#bottom-line"}]}

    If you’ve recently relocated from another country, you may not have a lot of cash reserves or credit to last long. Hdfc credit card customer care india US bank account could simplify your financial situation, allowing you to easily save money while paying the many bills required to settle into your new home.

    As a new arrival to the US, you may find it more difficult to meet the requirements of a bank. You’ll typically need to provide government-issued ID and a Social Security number as well as proof of your creditworthiness.

    Online banking is an option, but current laws in place to protect against money laundering could prevent you from successfully opening an account. You may find better results by talking directly with a client representative at a bank’s physical branch.

    teens-standing-students-phones-image

    Banking regulations differ by state, which means that specific requirements will vary depending on your new location.

    Most banks require that you provide:

    • Government-issued ID, including a passport or other photo ID.
    • Social Security number.
    • Proof of your physical address, such as a utility bill.
    • Any immigration forms.

    Before meeting with a branch representative, speak with customer support about the documentation required by non-US citizens to open an account.

    Banks vary on the type of documents they accept. For example, you may be able to use a utility bill to establish proof of your address.

    Depending on the bank, you may need a minimum deposit or even a fee to open an account. Also ask about annual fees, minimum balances and other financial requirements to hold a bank account so that you can plan to meet them once you’re settled.

    Once you open your account, make a money transfer from your home bank account to your new one and you’ll be ready to start making purchases. comparing money transfer services to save money on your transfer.

    The type of account depends on your personal situation, your reasons for being in the US and how much you’re willing to pay for additional services and add-ons. Students pay little or no withdrawal or management fees for their basic accounts. Professionals require more elaborate account types, like joint accounts and access to loan and investment facilities. Here are a few of the account types available to foreigners.

    Checking accounts

    Also known as a current transaction account in some countries, a checking account lets you pay bills, send and receive money and use a linked debit card for everyday purchases.

    Savings account

    A savings account accrues interest, letting your money grow. In the US, you may be penalized if you make more than six withdrawals per month from a savings account, so these are best used for money you don’t need to access regularly.

    Certificates of deposit (CDs)

    Also called a fixed deposit or term deposit in some countries, a CD is ideal for people who want to lock away a large amount of money for a fixed period. The length of the fixed period depends on the bank, and terms can last from as little as one month to over five years. At the end of the fixed period, you can either roll over the amount lexus gs 350 f sport slammed interest for another fixed term, withdraw just the interest or make a full withdrawal.

    These often offer higher interest rates than savings account, but there can be penalties if you withdraw money early, making them best suited for money you know you don’t need to access any time soon.

    A good start is calling large bank branches in the US that may have a standard procedure for recent arrivals to the US. Ask about the requirements necessary for a new arrival to open a bank account, including any deposits you may be required to make in order to open the account.

    Источник: https://www.finder.com/move-to-united-states/opening-a-bank-account-in-the-us

    Getting a bank account grand valley bank colorado

    If you want to get a new bank account, there are some things you need to find out:

    Types of bank account

    There are different types of bank account that you can use for different reasons. Here we tell you about the main types of bank account, and what you can use them for.

    Current accounts

    You can use a current account to help you manage your money day-to-day. This includes:

    • paying your bills
    • receiving money - such as your salary or benefits
    • keeping track of where your money is going.

    Some current pirates of the caribbean at worlds end davy jones death can also earn you interest on the money you have in the account, although this is likely to be less than many savings accounts.

    With a current account, you will get a cheque book which you can use to take money out. You may also get a debit card which you can use in shops and cash machines. The bank may let you have an overdraft and access to other kinds of credit. You will be allowed to set up direct debits and standing orders.

    Some banks will let you cash a current account personal cheque or use your cash card at the Post Office, free of charge. Ask your local post office if you can do this free from your current account.

    Post Office card accounts

    You should only apply for a Post Office card account if you can’t get a bank or building society account.

    You can only use a Post Office card account to get payments of: 

    You can’t pay any other income into a Post Office card account. You also can’t get Housing Benefit paid into a Post Office card account.

    You can withdraw money from the account at any post office using a card and PIN number, but you can’t get access to the money anywhere else. You won’t get an overdraft.

    If you want to open a Post Office card account you must first contact: 

    • the DWP if you get a benefit or State Pension
    • HMRC if you get tax credits

    The Post Office will close all its card accounts on 30 November 2022. You can keep using your card account until then. The DWP or HMRC will let you know how you can keep getting benefit payments after your account closes.

    Savings accounts

    You can use savings accounts to put away money that you'd like to save for the future, for emergencies or to buy expensive purchases like a new car or a holiday.

    A savings account will give you interest on your money.

    You can find out more about savings on the Money Helper website.

    Help to Save

    If you’re getting tax credits or Universal Credit, you could be eligible to join the government’s Help to Save scheme and get back an extra 50p for every what do i need to open a bank account you save. You can find out more about Help to Save on GOV.UK.

    Basic bank accounts

    If you have a poor credit rating or a low income, you may have problems in opening a standard current account or savings account. You may also have problems if you already have a current account which is overdrawn. If you're in this situation, you may be able to open a basic bank account.

    You can ask a bank or building society to open a basic bank account. The bank or building society must tell you whether it offers basic bank accounts. If it does, it must tell you the conditions you must meet to be able to open one.

    You should still be able to get a basic account even if a credit check shows that you have:

    • previous bad debts

    • outstanding county court judgments against you

    For more information about credit reference checks and outstanding court judgments, what do i need to open a bank account How lenders decide whether to give you credit.

    If you have a basic bank account you usually:

    • don't have to have any money to put in the account to open it

    • don't have to pay any fees

    • can pay your wages, salary, benefits and tax credits directly into the account

    • can pay in cheques and cash

    • can pay bills by direct debit

    • can withdraw money from cash machines.

    There are some disadvantages to having a basic bank account. These include:

    • you won't be able to have a cheque book or go overdrawn

    • if you've what do i need to open a bank account up a direct debit and there's not enough money to pay for it, you might be charged for this

    Not all basic bank accounts can be accessed at the Post Office. If you want to do this, check with the bank before you open what do i need to open a bank account basic bank account.

    If you have an overdraft or other debts on your current account and you open a basic bank account at the same bank, they may use the money in your new account to pay off the debts in your old one. If you get benefits, tax credit or state pension, you might want to think about opening your basic bank account at a different bank or building society.

    You can get more information about basic bank accounts on the Money Helper website.

    You can get versions of this information in large print, Braille or audio format from the FCA's Consumer Helpline on: 0800 111 6768.

    Joint accounts

    You can also open a bank account jointly with other people. For example, you might want to do this to manage household bills with someone you live with, or with your wife, husband or civil partner.

    How to open an account

    To open a bank account you usually have to fill in an application form. Often, you can do this in a branch or online, and sometimes you can also do this over the phone.

    You will also have to provide proof of your identity including your full name, date of birth and address. You usually have to show the bank two separate documents that prove who you are, for example, your passport, and where you live, for example, a recent bill. If you don't have any of the documents that the bank wants, they should accept a letter from a responsible person who knows you, such as a GP, teacher, social worker or probation officer.

    If you're bankrupt or have a record of fraud, you will not usually be allowed to open a bank account. Also, you may be refused permission to open a current account if you have a poor credit rating. However, if you're bankrupt or have a poor credit rating, you may be able to open a basic bank account.

    For more information about bankruptcy in England and Wales, see Bankruptcy.

    A bank or building society can refuse to open an account for you. They don't have to give you a reason, and there's usually nothing you can do about it. A bank or building society isn't allowed to open an account for someone who needs leave under the Immigration Rules to enter or stay in the UK but who doesn't have it, for example, someone who has entered the UK illegally or who has 'overstayed' after their visa has run out. If you are in this category you also can't be added to someone else's account as a joint account holder or be a signatory or beneficiary in relation to any account. Your bank or building society will carry out status checks to ensure that you don't come into this category. There is more information about what you should do if your bank or building society refuses to open an account for you for this reason on the GOV.UK website at www.gov.uk.

    Some groups of people such as ex-prisoners may find it particularly difficult to open accounts.

    However a bank or building society isn't allowed to discriminate against you, for example, because of your race, sex, disability, religion or sexuality. If you are discriminated against, you may be able to complain to the Financial Ombudsman Service. Also, you may be able to take a case to court.

    However, there are some circumstances when a bank or building society can discriminate against you, for example, they may not let you open some types of account unless you fall into a certain age-group.

    For more information about discrimination, see our discrimination pages.

    If you 2 in to m you've been discriminated against by a bank or building society, you should get help from an experienced adviser, for example, at a Citizens Advice Bureau. To search for details of your nearest CAB, including those that can give advice by email, click on nearest CAB.

    Terms and conditions

    When you open an account with a bank or building society and use their services, you are entering into a contract with them.

    The terms of the contract will change according to the bank or building society and the type of account or other service you use.

    Before you open an account, you should be given information which will help you choose the account that suits you. The information should include the terms and conditions and the interest rates.

    After you've opened an account, your bank or building society should keep you informed about changes to this information, so that you can make decisions on how to best use your account.

    Terms and conditions for current, basic and instant access savings accounts

    If you're opening a current, basic or instant access savings account, you should also be given additional information such as:

    • details of all charges
    • how the bank or building society will give you information about your account
    • any spending limits on your account
    • what to do if things go wrong.

    The information should be given to you in a way which is easy for you to understand. Once you've opened your account, the bank or building society should tell you about any changes to terms and conditions at least two months before the changes are made.

    If there are changes to the terms and conditions of your account, you can close the account at any time up to 60 days from the day you were told about the changes. You don't have to give notice or pay any extra charges.

    Terms and conditions for savings accounts

    If you're opening a savings account other than an instant savings account, you will be given less detailed information than for other types of account. It may be provided in a summary box which will help you compare different accounts from different banks and building societies.

    You may have to be 18 or over to be able to open some accounts.

    Changing your bank or building society

    If you decide to change your bank or building society account, you should think about:

    • what charges will be involved, for example, for closing your account or cancelling standing orders
    • whether the services and facilities provided by the new bank or building society are better than those you currently get
    • the fact that there may be delays in making payments by standing order or direct debit. You should take this call bank mobile vibe customer service account when you decide the date for closing your account
    • how long you will have to wait before you can use all the new bank or building society's services

    You should open a new account before closing your old one and make sure you cancel any current standing orders or direct debits, or move these to your new account. Be sure to return any unused cheques or plastic cards (cut into pieces) to your old bank or building society.

    If you are transferring a balance to your new account, make sure you have left enough money in the old account to cover any uncleared cheques.

    If you owe the existing bank or building society any money and you wish to close the account, you may still be sued for the money you owe if you don't pay it when you close the account.

    Both your old and new bank or building society have responsibilities towards you.

    The level of service you should expect from your old bank or building society will depend on whether there is an arrangement in place between your old bank and the new one.

    Where there is no arrangement, your bank or building society only has to provide a prompt and efficient service to help you close your account and it must return any money due to you. This includes any interest.

    Where there is an arrangement in place, your bank or building society must transfer any account balance and make arrangements in respect of direct debits and standing orders. If there are mistakes or delays in the transfer process which lead to bank charges, you shouldn't have to pay for them.

    Further help

    For more information about banks and building societies and the services they offer, see Banks and building societies.

    You may also find the following information helpful:

    Money Helper

    Money Helper is a free, independent service. Their website has lots of useful information about financial products such as bank accounts. They can also give you advice by phone and answer questions about financial products and services.

    You can find out how to get money advice on the Money Helper website. 

    Financial Conduct Authority

    The Financial Conduct Authority (FCA) is the body responsible for regulating banks and building societies.

    They aren't able to get involved in individual complaints, recommend firms or give legal or financial advice. However, the FCA is interested in hearing about cases where a bank or building society appears to be in breach of its obligations. The FCA may, where appropriate, fine the bank or what do i need to open a bank account society.

    Their Consumer Helpline is 0800 111 6768.

    Their website is www.fca.org.uk

    The Financial Ombudsman Service

    If you've gone through your bank or building society's complaints procedure and they haven't been able to help you, you can make a complaint to the Financial Ombudsman Service.

    You must give your bank or building society at least eight weeks to sort the problem out, unless they send you a letter of deadlock before the eight weeks is up. This is a letter telling you there is nothing more they can do to help you.

    You must complain to the Ombudsman within six months of getting the letter of deadlock, or from the end of the eight week period if you don't get a letter of deadlock. Make sure you keep a record of the date when you first made your complaint to the bank.

    Financial Ombudsman Service
    Exchange Tower
    London
    E14 9SR

    Consumer helpline: 0800 023 4567 (free for people phoning from a landline) or 0300 123 9123 (free for mobile-phone users who pay a monthly charge for calls to numbers starting 01 or 02) (Monday to Friday from 8.00am to 8.00pm; Saturday from 9.00am to 1.00pm)
    Email: [email protected]
    Website: www.financial-ombudsman.org.uk

    For more information about the Financial Ombudsman Service, see How to use an Ombudsman.

    Источник: https://www.citizensadvice.org.uk/debt-and-money/banking/getting-a-bank-account/
    what do i need to open a bank account

    What do i need to open a bank account -

    What Do You Need to Open a Bank Account?

    Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

    While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

    By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

    Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank and Stride Bank N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

    1 Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Spending Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime's discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Friends transfers, or Chime Checkbook transactions. See Terms and Conditions.

    2 Out-of-network ATM withdrawal fees apply except at MoneyPass ATMs in a 7-Eleven location or any Allpoint or Visa Plus Alliance ATM. Other fees such as third-party and cash deposit fees may apply.

    3 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

    © 2013-2021 Chime. All Rights Reserved.

    Источник: https://www.chime.com/blog/what-do-you-need-to-open-a-bank-account/

    What you will need to open a bank account

  • ID and verification expandable section

    We will need to carry out identification and verification checks on you, as well as anyone else who will be authorised to operate your account.

    In most cases you will only need to produce one of the following:

    • a current UK photo driving licence
    • passport from the United Kingdom

    If you are an existing customer, you can use your existing bank card with Chip & Pin to verify your identity.

    If you cannot provide one of the items above, you will need to bring two documents. You can find a full list of acceptable documents on our Proving your identity webpage.

    If you do not have any of the items listed here we may be able to accept other items. Just ask a member of our branch staff or call 0800 056 0056.

  • Personal Details expandable section

    Preferred Title
    For example, Mr, Mrs, Ms, Mx

    Name
    As well as any previous names

    Date Of Birth

    Gender

    Marital Status

    Nationality
    Including any dual nationalities and Immigration Status For NonUK Nationals

    Country of Birth

    Tax Residence
    Which countries you are a tax resident in, or have been in the last two years. A Tax Identification No (TIN) should be entered for each non UK tax residency.

  • Address Details expandable section

    Current Home Address
    Details of full current address inc Postcode

    Where address is BFPO (British Forces Post Office)
    Service Number, Rank, Unit, Regiment, Operation Name (if applicable) and BFPO Number will be required.

    When did you move to your current address
    If you have lived in your current address for less than 3 years, you will also be asked to provide details of any previous addresses you've held during this period

    Residential Status

  • Contact Details expandable section

    Main phone number
    Including Other phone number

    Email address

    Marketing Preferences
    Marketing opt in to specify marketing preference via (Email / SMS / Post / Phone)

  • Income & Expenditure Details expandable section

    Your total monthly income (after tax)

    Will your monthly income be paid into this account?

    How will you fund the account?
    e.g. Bank Transfer, Electronic payments, Cash or Cheques

    How will you use the account?
    e.g. Bank Transfer, Electronic payments, Cash or Cheques

    Employment status
    If Employed (Occupation type, name of employer, start date). If self employed (Occupation type, company/ organisation name/ start date)

    Your total amount of savings

  • Overdraft requests (optional) expandable section

    What Arranged Overdraft limit would you like?

    How many people who live with you depend on you financially?

    Your monthly share of mortgage or rent payments

    What do you spend each month on childcare, maintenance and education?

    Are you aware of any upcoming changes in your circumstances?

  • Packaged Accounts (accounts where you pay a monthly maintaining the account fee and receive insurance benefits) expandable section

    Do you already have travel insurance or another packaged bank account?

    Do you need world wide travel insurance?

    Are all account holders and family members below 80 years old and are all children under 18 years of age?

    Do you need mobile phone insurance?

    Do you need AA breakdown cover?

  • Switching expandable section

    Do you want to switch?

    Is this a sole account switch?

    Existing bank details
    inc Sort code, Account Number, Name of Account Holder, 16 digit debit card number and debit card expiry from old bank

    Do you have an overdraft at your old bank? - If yes then do you want to settle this?

    Do you want SMS updates on your switch?

    What is your switch date?

  • Источник: https://www.bankofscotland.co.uk/accountopeningguide.html

    How to open a bank account in the United States

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    If you’ve recently relocated from another country, you may not have a lot of cash reserves or credit to last long. A US bank account could simplify your financial situation, allowing you to easily save money while paying the many bills required to settle into your new home.

    As a new arrival to the US, you may find it more difficult to meet the requirements of a bank. You’ll typically need to provide government-issued ID and a Social Security number as well as proof of your creditworthiness.

    Online banking is an option, but current laws in place to protect against money laundering could prevent you from successfully opening an account. You may find better results by talking directly with a client representative at a bank’s physical branch.

    teens-standing-students-phones-image

    Banking regulations differ by state, which means that specific requirements will vary depending on your new location.

    Most banks require that you provide:

    • Government-issued ID, including a passport or other photo ID.
    • Social Security number.
    • Proof of your physical address, such as a utility bill.
    • Any immigration forms.

    Before meeting with a branch representative, speak with customer support about the documentation required by non-US citizens to open an account.

    Banks vary on the type of documents they accept. For example, you may be able to use a utility bill to establish proof of your address.

    Depending on the bank, you may need a minimum deposit or even a fee to open an account. Also ask about annual fees, minimum balances and other financial requirements to hold a bank account so that you can plan to meet them once you’re settled.

    Once you open your account, make a money transfer from your home bank account to your new one and you’ll be ready to start making purchases. comparing money transfer services to save money on your transfer.

    The type of account depends on your personal situation, your reasons for being in the US and how much you’re willing to pay for additional services and add-ons. Students pay little or no withdrawal or management fees for their basic accounts. Professionals require more elaborate account types, like joint accounts and access to loan and investment facilities. Here are a few of the account types available to foreigners.

    Checking accounts

    Also known as a current transaction account in some countries, a checking account lets you pay bills, send and receive money and use a linked debit card for everyday purchases.

    Savings account

    A savings account accrues interest, letting your money grow. In the US, you may be penalized if you make more than six withdrawals per month from a savings account, so these are best used for money you don’t need to access regularly.

    Certificates of deposit (CDs)

    Also called a fixed deposit or term deposit in some countries, a CD is ideal for people who want to lock away a large amount of money for a fixed period. The length of the fixed period depends on the bank, and terms can last from as little as one month to over five years. At the end of the fixed period, you can either roll over the amount plus interest for another fixed term, withdraw just the interest or make a full withdrawal.

    These often offer higher interest rates than savings account, but there can be penalties if you withdraw money early, making them best suited for money you know you don’t need to access any time soon.

    A good start is calling large bank branches in the US that may have a standard procedure for recent arrivals to the US. Ask about the requirements necessary for a new arrival to open a bank account, including any deposits you may be required to make in order to open the account.

    Источник: https://www.finder.com/move-to-united-states/opening-a-bank-account-in-the-us

    Get Answers to Your Banking Questions

    No Results Found

    Banks are required by law to have a customer identification program that includes performing due diligence (also called Know Your Customer) in creating new accounts by collecting certain information from the applicant. An account is a formal banking relationship established to provide or engage in services, dealings, or other financial transactions including a deposit account, a transaction or asset account, a credit account, or other extension of credit. The term includes a relationship established to provide a safety deposit box or other safekeeping services, and cash management, custodian, and trust services.

    Each bank's customer identification program must include procedures for verifying the identity of each customer. At a minimum, when opening a new account, a bank must obtain the following information as part of its program:

    • Name
    • Date of birth (for an individual)
    • Address
    • Identification number

    The required identification number for a U.S. citizen is a Social Security number and for a U.S. company is an employer identification number. For all others, an identification number is one or more of the following:

    • Taxpayer identification number
    • Passport number and country of issuance
    • Alien identification card number
    • Number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard

    The bank must then verify the accuracy of the information the applicant provided by reviewing documents, such as a driver's license or passport. It can also verify the information by other means, such as comparing it with information from a credit reporting agency or by checking the applicant's references with other financial institutions.

    Refer to 31 CFR 1020 "Rules for Banks."

    Last Reviewed: April 2021

    Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC.

    Related Questions

    Still need help?

    Contact Us

    Источник: https://www.helpwithmybank.gov/help-topics/bank-accounts/required-identification/id-types.html

    How To Open A Bank Account

    A bank account can be convenient if you need a place to deposit your paychecks or a way to pay bills and cover everyday spending. But not everyone has one: Federal Reserve data show that 22% of American households are either underbanked, meaning they rely on nontraditional banking options, or unbanked, meaning they have no bank account at all.

    Opening a bank account has its benefits, and the process isn’t as complicated as it may seem. Whether you’re preparing to open your very first bank account or you’re ready to switch your accounts to a new bank, it helps to know what to expect.

    What You Need to Open a Bank Account

    Every bank is different when it comes to opening new accounts but, typically, you’ll need at least three things:

    • Government-issued photo ID
    • Social Security number or Individual Taxpayer Identification Number (ITIN)
    • Minimum initial deposit

    Almost any bank or credit union will require some form of government-issued ID to verify your identity. This can be a driver’s license, state-issued ID card, official passport or birth certificate. In some cases, you may need more than one form of ID.

    Banks also can require you to complete an application for a new account. This means providing additional information such as your address, phone number and email. If you’re opening a joint account with someone else, that person also has to provide their ID and Social Security number.

    What Kind of Account Should You Open?

    A bank account can mean many different things, and it’s important to know what kind of account—or accounts—you need.

    For example, you could open one or all of the following:

    • Checking account
    • Savings account
    • Money market account
    • Certificate of deposit

    All of these are deposit accounts, but they work in different ways.

    A checking account, for example, is designed for depositing money that you’ll use to pay bills or cover expenses with a linked debit card or by writing checks. Some checking accounts earn interest or offer rewards, but that’s usually not the main purpose of having a checking account.

    Savings accounts and money market accounts also can earn interest and both are designed to hold money you don’t plan to spend right away. For example, you might use a savings account for your emergency fund, or you could save money toward a down payment on a home in a money market account.

    Some money market accounts offer a debit card or check-writing capabilities. Both money market accounts and savings accounts have been subject to federal rules regarding the number of withdrawals you can make each month (which were recently suspended by the Federal Reserve). Checking accounts are not subject to these limitations, although the bank may set limits on withdrawals.

    Certificates of deposit, or CDs, let you save money and earn a guaranteed rate of return. These are time deposits, which means that you agree to save for a set period of time. Your money earns interest and, once the time is up and the CD matures, you can withdraw your original savings deposit along with the earned interest.

    How Much Money Do You Need to Open an Account?

    Every bank is different when it comes to how much money you’ll need to deposit into a new account.

    Some banks, for example, may let you open a bank account with no minimum deposit required or a minimum deposit as low as $1. Others may expect you to have amounts ranging into the thousands of dollars to open a new account.

    If a bank requires a minimum deposit, there are a few ways you can make it: For instance, you can use cash or a check that’s written out to you to make your initial deposit. If you already have a bank account, you also can use an ACH transfer to move money from it to your new account electronically.

    What to Expect When You Open a Bank Account

    Opening a bank account is something you can do relatively quickly, either online or at a bank or credit union branch.

    Generally, you can expect the bank to ask you to fill out an application for a new account. That’s usually the first step and, from there, you’ll need to verify your identity and provide any other information the bank asks for, such as your address or phone number.

    If the bank requires a minimum deposit, you’ll have to make that deposit when you open your new account. If you’re opening an account online or making your first deposit using an ACH transfer from another bank, you’d need to give the new bank your routing number and account number to complete the transfer.

    Some banks require further verification before you can actually start using your new account if you’re linking it to an account at another financial institution. For example, the bank might make one or two small test deposits into your new account. You will have to verify those amounts to activate your account, which can take a day or two.

    Also, keep in mind that there may be a holding period on your initial deposit. If you’re making your first deposit by check, for example, it could take a few days for that check to clear. You may also be waiting several days for your debit card or first order of checks to arrive.

    Brick-and-Mortar vs. Online Banks

    Opening an account at a traditional bank versus an online bank is usually a little different in terms of the process.

    While you can walk into a brick-and-mortar bank to fill out an application and make your first deposit, online banks require you to apply and fund your new account entirely online. Applying online could be faster, but, if the bank requires trial deposits to verify your new account, that could slow things down a little.

    Both brick-and-mortar and online banks typically require the same things to open a new account as far as proof of identity goes. One difference is that, while you can hand your identity documents to someone in person at a bank, you may need to scan and upload them when opening an online bank account. And, with either one, you may be asked to agree to the bank’s privacy policy and terms of service before completing your application.

    Close Your Old Account, If Needed

    If you already have an existing bank account and you’re moving to a new bank, you may need to close the old account. There are a few important things to do here to make sure the transition is a smooth one, including:

    • Updating your direct deposit information with your employer, so your paychecks go to the right bank
    • Updating direct deposit information with anyone else you receive money from, such as government benefits or child support
    • Switching any automatic bill payments over to your new account
    • Canceling recurring transfers between linked accounts
    • Updating your bank account information in mobile payment apps
    • Setting up new text and email notifications for your new account
    • Destroying paper checks and the debit card linked to your old account

    You also should consider what needs to be done with any accounts you plan to leave open at your previous bank.

    For example, if you have CD accounts there, think about what you want to do with them once they mature. You could roll them over into new CDs at the same bank, but, if your new bank offers a higher annual percentage yield (APY), you may be better off withdrawing your savings and starting fresh.

    It’s also a good idea to get a written statement from the old bank specifying that your account is closed. This can help you avoid situations where the bank may reactive your old account, which could trigger fees.

    How to Choose the Right Bank

    Finding the right bank to open an account with means doing your homework.

    First, consider whether you want to open your account at a bank at all. Credit unions are another option for your banking relationship, and they can offer advantages, such as lower fees or better interest rates on savings. The catch is that you have to meet membership requirements to open an account, but many credit unions offer numerous ways to qualify.

    Next, decide if you’d rather do your banking in person or online. If you don’t need to visit a branch, then online banking could be attractive. On the other hand, you may still need a brick-and-mortar bank if you regularly deposit cash or you want to be able to handle certain transactions with a teller.

    Once you’ve decided whether you want to open an account with a bank or credit union in person or online, you can start comparing individual banks and accounts. You’ll want to consider things like:

    • Minimum deposit requirements
    • Monthly maintenance fees, if any
    • Other banking fees, such as overdraft fees
    • ATM locations and branch locations if you’re considering a traditional bank or credit union
    • Online and mobile banking access, including security features
    • Interest rates for deposit accounts
    • Direct deposit and mobile deposit options

    Figuring out how to open a bank account isn’t that difficult. What’s more important is finding the right bank account to open that fits your needs. Taking time to compare your options can help you figure out where your money belongs.

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    Источник: https://www.forbes.com/advisor/banking/how-to-open-a-bank-account/

    1Webster Premier Checking: Minimum opening deposit of $500 is required. You can avoid a $21.95 monthly maintenance fee by keeping $20,000 in combined monthly average checking, money market, and savings balances or $50,000 by adding CDs, home equity, and installment loan balances (excludes mortgages, refinanced student loans and savings secured loans) as of the end of your statement period; and monthly average investment balances (excluding the last day of the month). Fees may reduce earnings. Premier Checking is a tiered rate product. The tiers are $0 to $2,499.99, $2,500 to $9,999.99, $10,000 to $24,999.99, $25,000 to $49,999.99, and $50,000 and over. The APY (Annual Percentage Yield) for Premier Checking as of 06/01/2021 is 0.01% for balances of $0.01 to $49,999.99 and 0.01% for balances $50,000.00 and over, and is subject to change at any time. Tax reporting may apply. Product features are subject to change at any time.

    Premier Checking ATM Benefits: Webster will not charge any fees for checking withdrawals at non-Webster ATMs. If you are charged a fee by another bank for checking withdrawals at its ATM, we will rebate the fee.

    2Webster Value Checking: Minimum opening deposit of $50 is required. You can avoid the $11.95 monthly service fee when you meet ONE of the following during your monthly statement cycle: a) maintain a monthly average balance of at least $1,000; b) are age 65 or older and have at least one direct deposit; OR c) have cumulative direct deposits of $500 or more each month. Delivery of statements electronically is free; those accounts not enrolled in Statement eDelivery will receive a $2 monthly paper statement fee. This fee is waived for account holders age 65 and older or 18 and younger.

    3WebsterOne® Relationship Checking: Minimum opening deposit of $50 is required. You can avoid a $16.95 (or $14.95 with direct deposit) monthly maintenance fee by keeping $4,000 in combined average checking, money market and savings balances during your monthly statement period or $20,000 adding CD, home equity and installment loan balances (excludes mortgages, refinanced student loans and savings secured loans) as of the end of your statement period. Rates and fees may vary by state and region; fees may reduce earnings. The APY (Annual Percentage Yield) for WebsterOne Relationship Checking is subject to change at any time.

    4Webster Student Checking: Minimum opening deposit of $50 is required. No monthly service charge for 5 years after opening or switching to this account. After 5 years, it will convert to Webster Value Checking. A valid student ID is required; if it is not provided within 60 days of account opening account will convert to Webster Value Checking. You must be at least 18 years old to open an individual checking account at Webster. A student at least 15 years old may open a joint Student Checking account with another individual who is at least 18 years old. Each joint owner has full control over the account and is responsible for the activity of the other owner, including the activity of a minor who is a joint owner. See your Deposit Account Disclosures for more details on Joint Ownership Accounts.

    Student Checking ATM Benefits: Per statement cycle, Webster will not charge for up to 4 ATM fees associated with using non-Webster ATMs. If you are charged a fee by another bank for using its ATM, we will rebate 1 fee per statement cycle. Product features are subject to change at any time. Insufficient Available Funds Fees: 1 fee will be rebated per academic year (September to August).

    5Opportunity Checking: Minimum opening deposit of $50 is required. The monthly service charge will be $16.95 (or $11.95 with direct deposit). Visa debit card purchases using the "credit" option are limited to $250 per calendar day. Other miscellaneous fees may apply. Delivery of statements electronically is free; those accounts not enrolled in Statement eDelivery will receive a $2 monthly paper statement fee. This fee is waived for account holders age 65 and older or 18 and younger.

    *Special Loan Discounts – Automatic Loan Payment Offer: Customers with any personal Webster checking account are eligible to receive an automatic payment rate discount on Home Equity Loans and Lines, Mortgages and Personal Loans. To receive the rate discount, an automatic payment deduction (ACH) is required from your Webster Bank personal checking account. This discount does not apply to Government Assisted Mortgages. Mortgages over $1,000,000 are not eligible for the discount.

    All loans and lines are subject to the credit approval process. Product features, APY and/or offers are subject to change without notice and may be withdrawn at any time. Rates and fees may vary by state and region. Other restrictions may apply. Cannot be combined with any other offers from Webster or its affiliates. See a banker for details. Tax reporting may apply. Other miscellaneous fees may apply and reduce earnings.

    **Delivery of statements electronically is free; accounts not enrolled in paperless statements will receive a $2 monthly paper statement fee. This fee is waived for account holders 8 and younger or 65+.

    Источник: https://public.websteronline.com/personal/bank/checking

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