how to open a bank?

Answer 1

Opening a bank account is not complicated. There are no hidden charges and no gimmicks involved in opening a personal bank account. In fact, if you have the minimum amount of money a bank requires for opening an account, you can open your personal bank account in a matter of minutes. It might be wise to open the bank account in a bank nearby your place of residence for easy access.

1. Make sure that you have the required sum of money to open the bank account. Some banks request a minimum amount to open a Savings Account.

2. Call or visit a local bank. Talk to the Bank Manager or Customer Service. Their job is to assist new depositors to open the type of bank account that best suits their needs.

3. It is important to understand that there are many types of bank accounts. Open an account with only your own name. If you are married you might prefer to open a joint account so either one or the other can have access to the account.

4. Banks will not open a bank account for a minor. If your child wants to save their birthday money, you have to open it in your name with his as the beneficiary. This will change when the child turns eighteen.

5. If a checking account and a savings account are needed, be sure to ask. Banks offer various types of services.

6. Generally, those who require a savings bank with ATM should mention it prior to opening the bank account. Moreover, not all banks are the same. There are Commercial Banks, Savings Banks, Credit Union Banks, and Foreign Banks just to name a few. Be sure to inquire about their services before opening a bank account.

Banking has become complicated. There are banks from foreign countries who own banks all over the world. There are banks that have no buildings-a/k/a internet Banking. Banks have been known to fail. Many are in debt. Banks are closing or merging with other banks. Many are affected by the Overseas Banking Industry. A long time ago, bank accounts could be opened with only one dollar. Most banks these days charge fees to open a bank account.