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What will be the initial deposit to open a Bank of America account?
Wiki User
∙ 13y ago
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoTo open a checking account with Bank of America you need at least a $25 opening deposit for basic checking. If you want an interest or business checking account then you need a $100 opening deposit.
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What will be the initial deposit for bdo joint bank account?
The initial deposit for BDO Joint Bank Account is 2000 Philippine Pesos. The minimum account balance to earn interest is 5000 Philippine Pesos.
Can you use lasalle bank to deposit funds into bank of America account?
Not yet
How much does it cost to start a bank account at Bank of America?
To open a bank account with Bank of America, a customer must have anywhere from $25 to $100 for a deposit depending on what kind of account they are wanting to open.
What bank does TurboTax use for refunds?
TurboTax uses Bank of America for the deposit of tax refunds. Your tax refund is deposited in a Bank of America account and then transferred to your personal account.
Do I need to go to a Bank of America branch to deposit money into my friend's account there?
Yes you can visit any branch of Bank of America to deposit. You can also do online transfer if you are familiar with it.
Can you cash a check issued by JP Morgan chase at Bank of America?
It depends:If you want to get cash directly from the check without having to deposit it into your bank account - NO. You can do that only from JPMC bank branchesIf you are planning to deposit the check into your bank account - YES, you can deposit the check into your account that is held with any bank across USA
Can you deposit in Bank of America for your wachovia account?
No. If you want to put money into your Wachovia bank account, you have to visit either a Wachovia ATM or a Wachovia bank branch. Depositing money into that account from a Bank of America ATM or a branch is impossible
How do you deposit money in an account?
you can deposit at the bank
Who much is the opening deposit for a checking account?
It depends on the bank and also the type of account you are opening. for example a basic feature savings account in a nationalized bank in India requires a min balance of 500 rupees and for an account with a cheque book requires 1000 rupees for private banks the min balance is usually 2500 or 5000 or even more based on the facilities provided.
Is there a certain amount of money required to open a free checking account at most banks?
The Answer is Yes, most and if not all banks require an initial deposit of $100.00 dollars to Open a new account. Other bank require a higher initial deposit but to the best of my knowledge for the most part a one hundred dollar deposit will do to open an account.
How much is your initial deposit?
Determined by the bank.
Why initial deposit is required for opening an Account?
To reduce fraud. Bank accounts are for holding money. If you don't have any money why would you open a bank account and get a big fresh stack of checks?
