answersLogoWhite

0


Best Answer

You need the following to open a bank account:

  1. An Identity Proof - Passport or Driving License
  2. Address Proof - Passport or Driving License or Phone Bill
  3. Photograph - For the bank records
  4. Proof of Employment - For the bank records to know more about you
  5. An Introducer - This is usually a requirement for the bank to postpone all the due diligence they would do on you to a later point of time. An introducer should be someone who has an existing relationship with the bank.
  6. Initial Deposit Money - When you open an account, the bank expects you to deposit a minimum amount (Depending on the type of account you are opening)

If you have all the items mentioned above, then you qualify to open a savings account

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you qualify to open a savings account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How can you qualify for community savings?

It really depends on what type of account you wish to open at community savings bank. If you simply want to open a savings account, then you only need the minimum deposit of 10.00 to open it! If, however, you wanted to qualify for a checking account, you would need the $400.00 minimum balance required.


How do people qualify to open an account with banking and savings facilities at fnb bank?

People qualify to open an account with a banking and savings facilities by filling out an application. They must also be able to show proper ID and proof of address.


How does one qualify for a high yield savings account?

There are not much qualifications to open a high yield savings account, Sallie Mae will allow you to open one with no minimum balance and no monthly fees.


Where can you open a savings account?

You can open a savings account at any bank or credit union. There are online bank savings accounts, too.


How much does it cost to open a savings account with INTRUST bank?

There is no cost to open a savings account at INTRUST; there are minimum that are needed to open one. For Money Market the minimum is $5,000.00, for a regular savings account, $100.00 and for the Youth Savings Program, $10.00


Can I open a savings account if I have a judgment against me?

Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.


How much the initial deposit to open a savings account at bpi family savings account?

1000


Why open an savings account?

A savings account is a good place to keep money safe for future needs.


Should a person have a savings account for college?

Yes, a person should have a savings account for college. If you do not qualify for a scholarship you will need the funds to pay for your tuition and books.


Can you open a savings account while in chapter 13?

yes you can open a savings and a checking both


What is the minimum deposit to open a savings account with SunTrust?

The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.


How old do you have to be to open a Tesco savings account?

The application paperwork to open a Tesco savings account states that you must be at least 18 years of age to open an account. This also applies to their checking account service as well.