0
You are a student Do you need to provide proof of identity to open a savings account?
Jacksonarmel
You shouldn't need proof of identity to switch to a different account with the same provider. But, if you open a savings account with a new provider, there are strict money laundering rules designed to prevent the recycling of money from drugs, crime, terrorism, and so on. The bank or building society must check you are who you say you are and that you live where you say you do, so they will ask you to provide separate proofs of identity and address. Official documents are preferred. You may need more proof for phone or internet accounts.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How do I get a student account?
In order to open a student account, you will need a valid student id that is issued by a registered and recognized school/college/university. Student accounts come with privileges like low minimum balance, lower fee etc to encourage students to save money. Such services aren't provided unless you can produce a valid student id card. The student account will become a normal account the moment you graduate from your school/college. All you need to do is, visit a nearby bank that offers student accounts along with your student id and some cash to start the account.
Difference between current account and cash credit account?
i am a student and wanted to open my account should i open a current account or credit account
What is a Student Checking Account?
Many college students use a checking account to help them manage their money and pay bills. Fortunately, there are a variety of financial institutions that offer a checking account product that is specifically designed for college students. A student checking account is similar to a regular checking account. However, a student checking account comes with many perks and discounts that other bank products typically do not offer. If you are currently enrolled in college, then you should definitely consider applying for a student checking account.Requirements for a Student Checking AccountGenerally speaking, in order to open a student checking account, you must be at least 18 years of age; a U.S. Citizen or resident alien; have a valid Social Security number; have a valid driver’s license, or government issued state identification card; and currently enrolled in college.Benefits Associated With a Student Checking AccountThere are many perks of having a student checking account, such as:Low or no minimum balance requirementsNo monthly service feeSpecial discounts at designated stores and businessesEarn rewards when you make purchases using your accountFree standard checksFree ATM fee reimbursementFree bill payment serviceFree online bankingFree debit cardFree direct depositUnlimited check writingMobile banking serviceOverdraft protection availablePlease keep in mind that these perks may vary depending on the financial institution that you choose to bank with. So, you may or may not have all of these perks available with your student checking account. However, most student checking account products provide nearly all of the benefits that are listed above.Apply for a Student Checking AccountNot all financial institutions offer student checking account products. However, many banks and credit unions do offer this type of product to help accommodate college students’ financial needs. National banks, such as Chase, Citibank, Wells Fargo and Bank of America, offer student checking account products. You can also speak with family, friends and other college students for recommendations on where to apply for a student checking account.
What account types are offered by rbc gateway?
RBC Gateway is the Insurance branch of the Royal Bank. The royal bank offers several accounts, including Checking, Savings, Student Banking, and Online & Mobile banking. Their insurance branch offers life retrocession, annuity reinsurance, and trade credit & financial products.
How do I find out why you have taken money from my account?
A person can not get money out of your account without a check from you or your debit card. They cannot get money from your saving account at all if their name is not on the account, because a savings account is non-negotiable. A company on the other hand can get money from your account with a court order, your bank is suppose to give you every bit of information as to why they had to release the money, who got it, their telephone number as well as an address. Please don't ever think if you owe a state agency they will not take your money, this includes student loans and state owned medical centers, they will also take your tax refund and garnish your wages. The only money that can't be touch is your child support money, because it is not yours it belong to the children.
Is it possible to get a loan on a students savings account?
Yes, most banks allow personal as well as auto loans on student savings account. You should check with your bank for more details on this.
What types of account can one apply for with Wells Fargo?
At Wells Fargo, one can apply for a business account, a checking account, a savings account or for the ones that are still in college or school there is an student account.
Put Away That Piggy Bank and Get Your Child Started in a Student Savings Account?
Many parents instill the value of money in their children early on in life. Most children learn the value of saving money through a piggy bank. While that is a good first step, opening a student savings account for your child will have many benefits. Opening a student savings account will help him or her better understand the concept of money and, in the process, prepare for the real world.While this is usually left to a parent's individual judgment, the best time to open a student savings account is in junior high school. By this time, a child has learned a little more about saving money from allowances, chores, newspaper routes, or financial gifts that they receive from grandparents and family members. These formative years is when the adolescent begins to learn the basic concepts of money.The benefits of a student savings account is that there aren't as many restrictions as found in a standard savings account. A standard savings account may require a minimum of $500 to start. In contrast, a student can start a savings account with any initial amount they wish and there is no pressure to keep a certain balance amount. In addition, a student savings account will accrue interest, teaching the child the importance of saving money and the concept of how money can grow.A student savings account can teach through real life experience. Putting away a small amount each day will yield a substantial bank account by the time they are ready for college, thus alleviating some of the financial burden of their parents. Most children can't wait for the day when they turn 18, signifying the end of his or her parents having to sign for their bank accounts.Opening a student savings account has many advantages. It teaches kids the importance of saving money in life, prepares them for their future, and overall gives them first hand experience in monetary concepts. Encouraging children early on in life to understand the importance of money management is the best preparation for the real world and he or she will thank their parents when they have a million dollars one day.
What are the possible questions of socio economic status of the students?
is the student doing a part time work? what is the monthly/annual expenditure of the student? does he/she have a savings account /etc
What is the maximum income a full time student can earn and still be taken as a dependent on a federal income tax return?
If the student is under 24 at the end of the year or is totally and permanently disabled, there is no limit. But the student must not provide more than half of his/her own support. Money deposited in a savings account (for example) does not count as support. Otherwise, the student's gross income cannot exceed $3500 and the taxpayer claiming the student on their return must provide at least half of the student's support.
What is the benefit of opening a student savings account?
There are a number of benefits of opening a student saving account. Student saving accounts often have very good interest rates and good introductory gifts. This is because banks want to get customers when that are young as they will often be loyal for life.
Where can one find comparisons of student saving accounts?
A person could find comparisons of student savings account by individually evaluating different student saving accounts from different banks. Banks such as Bank of America, Chase, and Capital One all offer student saving accounts. By exploring the websites of these banks a person could compare student savings accounts.
How to change student savings account into genaral saving account?
Depending on which bank you use, this usually happens automatically. If not, you can always go inside the bank and talk to a personal banker. They can and WILL walk you through it...
What is student accountability?
i think a student account is when students has an account :D
What are Student IDS used for?
A ten-digit number that is used to retrieve student records and provide various university services to students.
What types of bank accounts does Lloyds TSB offer?
Lloyds TSB offers a variety of bank accounts, including current accounts, savings accounts, and business accounts. They also offer specialty accounts such as student accounts, basic accounts for individuals with poor credit, and joint accounts for couples. Additionally, they provide offshore savings accounts for customers who want to hold their money in a different currency or country.
If you owe student loans and are unemployed can they take your savings?
In the US, the answer is no.
