answersLogoWhite

0

When opening a bank account, look for a bank that offers low fees, convenient branch locations or online banking options, good customer service, and competitive interest rates. Make sure to read the terms and conditions carefully before opening an account.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

Does fifth third bank check your credit before opening an account?

If you are opening a savings or checking account, the bank doesn't care about your credit because you won't be able to do anything unless you put money into the account. If you're applying for a credit account, of course they are going to look at your credit history to see if you will be likely to pay them back for what they loan you.


Can government look at bank account?

Yes, your government can look at your bank account or dhut it down!! - Feewet


Can department of work and pensions look into your bank account?

can the department for work and pensions look in your bank account


Who can look at my bank account?

Anyone with authorization to view your account details can look at your account.


Can you have bank account after bankruptsy?

Yes. Bank accounts are not linked to your credit accounts. The only thing that would keep you from opening an account is if you are reported to ChexSystems. You might also have difficulty opening a bank account at a particular bank if you had an account with them before but you had to close it as part of a deal concerning a credit card of theirs. Just make sure you aren't on ChexSystems and you'll be fine, or look for banks that don't use this system if you are. Bankruptcies are not reported to ChexSystems, only your credit reports...


How can one open an offshore account in the Cayman Islands?

There is a site that gives specific instructions on how to open an offshore account in the Cayman Islands. To start look for a bank in the Caymans that has the type of account you are looking for and contact them. Ask for instructions on opening an account.


How can I find a bank that gives you money?

You can find a bank that gives you money by opening a savings or checking account with a bank that offers interest on your deposits. Look for banks that have competitive interest rates and low fees to maximize the money you can earn.


Why does my mom look at my bank account?

Your mom may look at your bank account to ensure you are managing your finances responsibly and to offer guidance or support if needed.


What info does the bank see when opening a new account that will causes the loan officer to look at one weird while reading his monitor?

Normally the following documents are insisted by the banker while opening a new account.1. Name2. Address proof.3. Proof of Income.4. Bank stastement if already has an account in another bank.5. An introduction by a known person who has an account in that bank.These are insited because of the possibility of money laundering. Terrorists are in the habit of converting illegally obtained money into legally acceptable money ( This is clled 'MONEY LAUNDERING') by opening accounts in a bank. In order to monitor such accounts and to prevent money laundering, banks obtain these documents while opening an account.M.J. SUBRAMANYAM, BANGALORE, INDIA


Tips for Opening an Online Checking Account?

Opening an online checking account can be a stressful endeavor. However, with the tips outlined in this article, one should have no problem finding a checking account that meshes well with their financial needs. There are many important considerations to make when choosing an online checking account, such as the safety one will have with an online bank and that bank's privacy policy. Another consideration to make when choosing an online checking account is whether or not any incentives are currently being offered by that bank. One should always look to see which banks are offering the best deals to open an online checking account. For example, often many banks have promotions where a person can earn anywhere from $10 to $100 for simply opening an online checking account. In addition, if one refers a friend to open an online checking account, then typically that person can receive $25 under such a promotion from a bank. A person simply needs to research which promotions are available through various banks. It is worthwhile to consider how much money one could make for simply opening an online checking account. However, that being said, it is important not to get too distracted by a promotion being offered by a bank. Just because a bank is offering $100 to open an online checking account does not always mean the deal is safe or legitimate. Instead, one should thoroughly research such a bank and its promotion to make sure everything lines up correctly. Be sure there are no hidden fees associated with the opening of such an account. All too often, it is unfortunate to see consumers get swayed by a bank's promotion and then wind up losing money for opening an account. Sometimes, consumers do not realize that a bank charges a monthly fee of anywhere from $4 to $10 for keeping an online checking account open. This means that in the long run, it is not the consumer who makes money by opening the account. Rather, the bank holding the account is the one that will profit from some consumer's misunderstanding of the entire promotion. Lastly, it is important to see whether or not a bank has any sort of strict privacy policy. One should always make sure that no one else will have access to his or her information. All too often, this is how fraudulent activity begins to take place and consumers suffer as a result.


Finding the Best Bank Rate?

When a person chooses to open up a savings account, this is one of the best choices he or she is making. A savings account allows a person to earn interest on the money he or she saves every month. A savings account can truly be the best way that a person saves money rather than spends it on shopping, food, or other unnecessary expenses in life. Before opening up just any savings account, however, a person should seek to find the best bank rate possible. This article will discuss how and why a person should find the best bank rate possible. First off, a person should seek to compare bank rates online when searching for a savings account to open. An online comparison only takes a couple of minutes, and saves so much time from physically going to each bank to inquire about rates on savings accounts. By using an online comparison tool, a person can compare the rates of hundreds of savings accounts at one time. A person will be able to see which savings accounts offer the truly best interest rates and any other promotions that bank is offering at the time. A bank may be offering other promotions, such as a hundred dollars to simply open up a savings account. A hundred dollars is a great benefit that any person should look for when opening up a bank account. A person should seek to find a bank account that offers a bank rate of about 4%. Right now, many savings accounts offer rates much lower than this, which is a tragedy since it means that a person is losing out on funds. By opening up a person with the maximum interest rate, he or she will be able to earn the greatest amount of money possible on a bank account. Opening up an account with a 4% rate allows a person to earn as much as $40 in a year, if he or she has $1,000 invested into such an account. This is truly the wisest choice a person can make when opening up a bank account. Overall, these are the best reasons to find the best bank rate.


What should I ask when opening a checking account?

Just visit any bank that you would like to open a checking account in and sit at the new account desk. The person sitting at the new account desk would show you a brochure of all sorts of checking accounts and their fees. Some doesn't have fees if the place you work at offers direct deposit.