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Because:
a. You get an easier way to save money
b. You get a Debit card that you can use for shopping instead of having to carry cash in your purse
c. You earn an interest on the money you keep in your account
d. You get a check book that you can use for paying for services like telephone bill, grocery bills etc.
What else can I help you with?
Do you need money to open a business account?
Yes, typically you will need money to open a business account. Most banks require an initial deposit to open a business account, which can vary depending on the bank and the type of account you are opening.
How to open a deposit account?
To open a deposit account, visit a bank or credit union and provide identification, such as a driver's license or passport. Fill out an application form and deposit money into the account. You may also need to provide additional information, such as your social security number.
What do you need in order to open a checking account?
To open a checking account, you typically need to provide identification such as a driver's license or passport, proof of address, and an initial deposit.
Can I open a bank account using a personal check as my initial deposit?
Yes, you can typically open a bank account using a personal check as your initial deposit. The bank will need to verify the funds before the account is officially opened.
What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
How do you open a checking account?
You go to your bank of choice and tell them that you want to open a checking account. You'll need a deposit. Banks vary on the amount of a deposit needed to open an account. Banks offer different kinds of checking accounts too.
Do you need money to open a business account?
Yes, typically you will need money to open a business account. Most banks require an initial deposit to open a business account, which can vary depending on the bank and the type of account you are opening.
How to open a deposit account?
To open a deposit account, visit a bank or credit union and provide identification, such as a driver's license or passport. Fill out an application form and deposit money into the account. You may also need to provide additional information, such as your social security number.
What do you need in order to open a checking account?
To open a checking account, you typically need to provide identification such as a driver's license or passport, proof of address, and an initial deposit.
Can I open a bank account using a personal check as my initial deposit?
Yes, you can typically open a bank account using a personal check as your initial deposit. The bank will need to verify the funds before the account is officially opened.
What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
Do I need a certificate of deposit to deposit money into my account?
You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.
What will be the initial deposit to open a Bank of America account?
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.
Can I get a direct deposit even if my account got closed?
no you have to have an open account
What is the process for making the first and last deposit for this account?
To make the first deposit for this account, you will need to provide the required initial amount of money to open the account. This can usually be done in person at a bank branch or online through the bank's website. For the last deposit, you can simply transfer money into the account as needed or make a final deposit before closing the account.
How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
Can a company open a recurring deposit account?
yes
