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What else can I help you with?
What do you need when opening a checking account?
When opening a checking account, you typically need identification such as a driver's license or passport, proof of address, and an initial deposit.
How much should be my initial deposit?
Any reputed bank in Indonesia would ask for an initial deposit of about IDR 1,000,000 for opening a regular current account. It would also need minimal core deposits Rp 100,000.
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.
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.
Will it cost you to open a bank account?
Most banks don't charge you for opening a normal bank account. However they would expect you to deposit a certain amount of money as initial deposit towards your account that is being opened. If you want to open an NRI account or a private banking account (like what some banks offer their wealthy clients) you may have to incur some charges while opening them.
How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
Can you make a checking account without a deposit?
On opening an account backs will normally ask for a small deposit to start the process.
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.
What is the resolution for opening a bank account?
To open a bank account, you typically need to provide identification, such as a driver's license or passport, proof of address, and an initial deposit. You may also need to fill out an application form and agree to the bank's terms and conditions.
How long to get a basic bank account?
Usually, it takes only a few minutes to open a basic bank account. As long as you have all the documents the bank would require for opening an account (like ID proof, address proof, initial deposit money) the bank would finish all the account opening formalities the same day. The account will be active from that moment on and you can start using it immediately.
What are the benefits of opening a deposit only account?
Opening a deposit-only account can help you save money securely and earn interest on your savings. It can also help you separate your savings from your spending money, making it easier to track your financial goals.
How can we set up a bank account for our community group?
To set up a bank account for your community group, you will need to gather the necessary documentation such as identification, group bylaws, and tax identification number. Then, visit a local bank or credit union to inquire about opening a business account. Fill out the required forms and deposit the initial funds to activate the account. Be sure to designate authorized signatories and establish clear financial procedures for the group.
