What docs do i need to open a bank account

While this may not always be required, it can make managing your bank account much easier. This deposit amount will vary based on the bank and account type.

This is definitely something to check out with your potential bank before you go to apply. Many banks exit entirely online, and every traditional bank allows you to conduct your banking online.

This includes Social Security number, mailing address and date of birth. Luckily, most banks will accept an electronic signature for your application. If you are already a Bank of America customer, you can transfer money from your existing account. You can 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. When applying for a new checking or savings account , you can deposit any amount ranging from the minimum opening deposit amount to a higher amount.

This technology allows users to establish sessions with internet sites that are secure, meaning they have minimal risk of external violation.

Your application will be processed in 1 to 2 business days. We'll send you either an email or letter letting you know if you are approved for your account.

You will receive your account documents via U. Mail within business days. 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. Check account balances and transactions, transfer funds between accounts, and set up Alerts to remind yourself about important activity in your accounts.

You can also use Bill Pay to pay all your bills in minutes from one simple site. You can't make your opening deposit in cash, so the easiest way is probably to transfer money from another bank account. You may value a bank that doesn't charge monthly fees, requires a low opening deposit, or has a great mobile app.

If you're opening a checking account , you probably want easy access to your money. For a savings account , you'll likely want a high interest rate. You likely want flexible customer service hours with an online bank, and for a brick-and-mortar bank, you might care about which bank has a branch closest to your home. Disclosure: This post may highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy.

What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

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